United Parcel Service, Inc. (NYSE:UPS) Stock Position Decreased by Brown Miller Wealth Management LLC

Brown Miller Wealth Management LLC cut its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 57.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,687 shares of the transportation company's stock after selling 6,401 shares during the quarter. Brown Miller Wealth Management LLC's holdings in United Parcel Service were worth $516,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. IMG Wealth Management Inc. acquired a new position in United Parcel Service during the fourth quarter valued at $25,000. Generali Investments Management Co LLC acquired a new position in shares of United Parcel Service in the 4th quarter valued at about $26,000. Pinney & Scofield Inc. acquired a new position in shares of United Parcel Service in the 4th quarter valued at about $27,000. Fourth Dimension Wealth LLC purchased a new stake in shares of United Parcel Service in the fourth quarter worth approximately $28,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in shares of United Parcel Service during the fourth quarter worth approximately $30,000. 60.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

UPS has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their target price on shares of United Parcel Service from $120.00 to $115.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. UBS Group cut their price objective on United Parcel Service from $141.00 to $127.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Loop Capital reduced their price objective on United Parcel Service from $115.00 to $105.00 and set a "hold" rating for the company in a research report on Wednesday, April 30th. Bank of America upped their target price on United Parcel Service from $111.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Finally, Hsbc Global Res lowered United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $120.26.

United Parcel Service Trading Down 1.0%

Shares of NYSE:UPS opened at $99.89 on Monday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The stock's 50-day moving average is $97.49 and its 200-day moving average is $112.52. The company has a market cap of $84.58 billion, a P/E ratio of 14.78, a P/E/G ratio of 1.55 and a beta of 1.22. United Parcel Service, Inc. has a 52-week low of $90.55 and a 52-week high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.11. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The firm had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. During the same quarter in the prior year, the company earned $1.43 EPS. The firm's revenue for the quarter was down .9% compared to the same quarter last year. Equities research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.57%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's dividend payout ratio is currently 95.63%.

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.

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