Miracle Mile Advisors LLC Increases Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Miracle Mile Advisors LLC boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 11.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,413 shares of the transportation company’s stock after acquiring an additional 4,486 shares during the quarter. Miracle Mile Advisors LLC’s holdings in United Parcel Service were worth $6,452,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Chesapeake Wealth Management boosted its holdings in United Parcel Service by 1.3% during the 3rd quarter. Chesapeake Wealth Management now owns 7,886 shares of the transportation company’s stock valued at $1,229,000 after acquiring an additional 103 shares during the period. Cerity Partners LLC boosted its holdings in United Parcel Service by 13.1% during the 4th quarter. Cerity Partners LLC now owns 387,381 shares of the transportation company’s stock valued at $60,908,000 after acquiring an additional 44,721 shares during the period. CapWealth Advisors LLC boosted its holdings in United Parcel Service by 1.2% during the 4th quarter. CapWealth Advisors LLC now owns 58,184 shares of the transportation company’s stock valued at $9,148,000 after acquiring an additional 686 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of United Parcel Service by 5.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,676,441 shares of the transportation company’s stock worth $578,053,000 after buying an additional 200,297 shares during the period. Finally, KLCM Advisors Inc. purchased a new stake in shares of United Parcel Service in the 4th quarter worth $2,410,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on UPS shares. Redburn Atlantic upgraded United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 target price for the company in a report on Wednesday, April 3rd. JPMorgan Chase & Co. lowered their target price on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a report on Tuesday, April 9th. Stifel Nicolaus decreased their price objective on United Parcel Service from $178.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. Wells Fargo & Company started coverage on United Parcel Service in a research note on Friday, June 7th. They set an “overweight” rating and a $156.00 price objective for the company. Finally, TD Cowen decreased their price objective on United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a research note on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, United Parcel Service has a consensus rating of “Hold” and a consensus target price of $164.55.

United Parcel Service Stock Performance

Shares of UPS stock traded down $0.90 during mid-day trading on Monday, reaching $135.95. The stock had a trading volume of 2,657,812 shares, compared to its average volume of 4,057,718. The business’s fifty day moving average is $141.71 and its 200-day moving average is $148.50. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11. The firm has a market cap of $116.31 billion, a price-to-earnings ratio of 19.69, a PEG ratio of 1.74 and a beta of 0.98. United Parcel Service, Inc. has a 1-year low of $132.90 and a 1-year high of $192.98.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. The business had revenue of $21.70 billion for the quarter, compared to analyst estimates of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The company’s revenue was down 5.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.20 earnings per share. On average, research analysts forecast that United Parcel Service, Inc. will post 8.22 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Monday, May 13th were issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.80%. The ex-dividend date was Friday, May 10th. United Parcel Service’s dividend payout ratio (DPR) is 94.49%.

United Parcel Service Company Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.