Miramar Capital LLC Has $400,000 Stake in United Parcel Service, Inc. $UPS

Key Points

• Miramar Capital LLC cut its UPS stake by 91.6% in the third quarter, selling 52,292 shares and now holding 4,789 shares valued at about $400,000.
• UPS beat quarterly EPS estimates with $2.38 per share on $24.48 billion in revenue, though revenue was down 3.2% YoY.
• The company declared a quarterly dividend of $1.64 (annualized $6.56) for a yield of 5.7%, with an ex-dividend date of Feb 17 and a payout ratio of 100%.

Miramar Capital LLC cut its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 91.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,789 shares of the transportation company's stock after selling 52,292 shares during the quarter. Miramar Capital LLC's holdings in United Parcel Service were worth $400,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in UPS. Andra AP fonden lifted its stake in United Parcel Service by 95.9% in the second quarter. Andra AP fonden now owns 332,983 shares of the transportation company's stock valued at $33,611,000 after buying an additional 163,000 shares during the period. BLVD Private Wealth LLC acquired a new position in shares of United Parcel Service during the 2nd quarter valued at $1,479,000. Strategic Planning Inc. bought a new position in United Parcel Service during the third quarter worth $3,885,000. Avantax Advisory Services Inc. grew its holdings in United Parcel Service by 14.6% in the second quarter. Avantax Advisory Services Inc. now owns 94,361 shares of the transportation company's stock worth $9,525,000 after purchasing an additional 12,035 shares during the period. Finally, Equity Investment Corp increased its stake in United Parcel Service by 16.8% in the second quarter. Equity Investment Corp now owns 1,130,550 shares of the transportation company's stock valued at $114,118,000 after purchasing an additional 162,364 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

Insiders Place Their Bets

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 25,014 shares of the firm's stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total value of $2,655,236.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is owned by company insiders.

United Parcel Service Trading Down 1.3%

Shares of NYSE UPS opened at $114.40 on Tuesday. The stock has a market capitalization of $97.14 billion, a P/E ratio of 17.44, a PEG ratio of 1.83 and a beta of 1.08. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.22 and a quick ratio of 1.22. The business's 50 day moving average is $109.52 and its two-hundred day moving average is $97.04. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $123.70.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.18. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The company had revenue of $24.48 billion for the quarter, compared to analyst estimates of $23.91 billion. During the same quarter in the prior year, the firm posted $2.75 EPS. United Parcel Service's quarterly revenue was down 3.2% compared to the same quarter last year. As a group, research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Tuesday, February 17th will be issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 5.7%. The ex-dividend date is Tuesday, February 17th. United Parcel Service's dividend payout ratio is presently 100.00%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on UPS shares. Citigroup cut their price objective on shares of United Parcel Service from $126.00 to $120.00 and set a "buy" rating on the stock in a research report on Wednesday, January 28th. Bank of America raised United Parcel Service from an "underperform" rating to a "neutral" rating and set a $114.00 price objective for the company in a research note on Friday, January 9th. Jefferies Financial Group increased their target price on United Parcel Service from $115.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday, January 28th. BMO Capital Markets boosted their price target on shares of United Parcel Service from $105.00 to $110.00 and gave the company a "market perform" rating in a research note on Wednesday, January 28th. Finally, Wolfe Research reaffirmed a "peer perform" rating on shares of United Parcel Service in a research note on Thursday, January 8th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, United Parcel Service presently has a consensus rating of "Hold" and a consensus price target of $113.67.

About United Parcel Service

United Parcel Service NYSE: UPS is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.

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