United Parcel Service, Inc. (NYSE:UPS) Position Increased by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC increased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 16.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,935 shares of the transportation company’s stock after buying an additional 8,543 shares during the quarter. Miracle Mile Advisors LLC’s holdings in United Parcel Service were worth $7,684,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. raised its holdings in shares of United Parcel Service by 271.7% during the second quarter. Meeder Asset Management Inc. now owns 394 shares of the transportation company’s stock valued at $54,000 after buying an additional 288 shares during the last quarter. Thoroughbred Financial Services LLC boosted its position in United Parcel Service by 106.1% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 4,363 shares of the transportation company’s stock worth $597,000 after acquiring an additional 2,246 shares during the period. Wilkins Investment Counsel Inc. boosted its position in United Parcel Service by 6.6% during the 2nd quarter. Wilkins Investment Counsel Inc. now owns 91,416 shares of the transportation company’s stock worth $12,510,000 after acquiring an additional 5,690 shares during the period. Mystic Asset Management Inc. grew its stake in shares of United Parcel Service by 6.1% in the second quarter. Mystic Asset Management Inc. now owns 3,207 shares of the transportation company’s stock worth $439,000 after purchasing an additional 185 shares in the last quarter. Finally, Kennon Green & Company LLC increased its holdings in shares of United Parcel Service by 1.8% during the second quarter. Kennon Green & Company LLC now owns 17,293 shares of the transportation company’s stock valued at $2,367,000 after purchasing an additional 308 shares during the period. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Stock Up 1.5 %

Shares of NYSE UPS traded up $1.86 during trading hours on Monday, hitting $125.14. The stock had a trading volume of 6,912,227 shares, compared to its average volume of 4,498,831. The firm’s 50-day moving average price is $129.54 and its two-hundred day moving average price is $131.16. United Parcel Service, Inc. has a 52 week low of $121.56 and a 52 week high of $161.35. The company has a market capitalization of $106.79 billion, a P/E ratio of 18.90, a P/E/G ratio of 2.11 and a beta of 1.00. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.63 by $0.13. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The company had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. During the same period in the previous year, the firm posted $1.57 earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. Analysts anticipate that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were given a $1.63 dividend. The ex-dividend date was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.21%. United Parcel Service’s dividend payout ratio is currently 98.49%.

Insider Transactions at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the sale, the insider now directly owns 45,098 shares in the company, valued at approximately $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group decreased their target price on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Citigroup lowered their price objective on shares of United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. Oppenheimer upped their target price on United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Evercore ISI lifted their price target on United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a research report on Tuesday, October 22nd. Finally, Susquehanna upped their price objective on United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, United Parcel Service currently has a consensus rating of “Moderate Buy” and an average price target of $151.10.

About United Parcel Service

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.