Brown Miller Wealth Management LLC Buys 90 Shares of United Parcel Service, Inc. (NYSE:UPS)

Brown Miller Wealth Management LLC grew its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,498 shares of the transportation company’s stock after purchasing an additional 90 shares during the period. Brown Miller Wealth Management LLC’s holdings in United Parcel Service were worth $1,336,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. VisionPoint Advisory Group LLC bought a new stake in United Parcel Service in the 2nd quarter worth approximately $25,000. OFI Invest Asset Management bought a new stake in United Parcel Service in the third quarter worth $25,000. IMA Wealth Inc. raised its stake in United Parcel Service by 100.0% during the second quarter. IMA Wealth Inc. now owns 142 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 71 shares in the last quarter. Pacific Center for Financial Services bought a new position in United Parcel Service during the first quarter valued at $25,000. Finally, Worth Asset Management LLC purchased a new position in shares of United Parcel Service in the 1st quarter worth $27,000. 60.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on UPS shares. Morgan Stanley upped their target price on shares of United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a research report on Wednesday. TheStreet upgraded United Parcel Service from a “c” rating to a “b-” rating in a report on Tuesday, January 30th. Argus downgraded United Parcel Service from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. BMO Capital Markets boosted their price objective on shares of United Parcel Service from $160.00 to $165.00 and gave the company a “market perform” rating in a research report on Wednesday. Finally, Stifel Nicolaus dropped their price target on shares of United Parcel Service from $178.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $165.23.

Insider Activity

In related news, Director Eva C. Boratto bought 1,400 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were bought at an average price of $142.30 per share, with a total value of $199,220.00. Following the transaction, the director now owns 1,400 shares in the company, valued at $199,220. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Stock Up 0.9 %

NYSE UPS traded up $1.31 during midday trading on Thursday, hitting $148.64. 5,196,199 shares of the company traded hands, compared to its average volume of 4,429,152. United Parcel Service, Inc. has a 52 week low of $133.68 and a 52 week high of $197.80. The company’s 50-day simple moving average is $150.64 and its 200-day simple moving average is $152.25. The company has a market cap of $126.74 billion, a PE ratio of 19.08, a price-to-earnings-growth ratio of 1.64 and a beta of 1.05. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.10 and a quick ratio of 1.10.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, January 30th. The transportation company reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.46 by $0.01. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. The business had revenue of $24.92 billion for the quarter, compared to analysts’ expectations of $25.40 billion. During the same period last year, the business earned $3.62 EPS. The company’s revenue was down 7.8% compared to the same quarter last year. As a group, equities research analysts forecast that United Parcel Service, Inc. will post 8.29 earnings per share for the current year.

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend was Friday, February 16th. This is an increase from United Parcel Service’s previous quarterly dividend of $1.62. United Parcel Service’s dividend payout ratio (DPR) is currently 83.70%.

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.