Miller Investment Management LP Has $1.84 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Miller Investment Management LP reduced its holdings in United Parcel Service, Inc. (NYSE:UPS) by 0.9% during the 1st quarter, Holdings Channel reports. The fund owned 16,707 shares of the transportation company’s stock after selling 152 shares during the quarter. Miller Investment Management LP’s holdings in United Parcel Service were worth $1,838,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of UPS. Gallacher Capital Management LLC acquired a new stake in shares of United Parcel Service in the 1st quarter valued at $620,000. Garde Capital Inc. bought a new position in United Parcel Service in the first quarter valued at about $37,000. Golden State Wealth Management LLC boosted its holdings in United Parcel Service by 61.3% in the first quarter. Golden State Wealth Management LLC now owns 1,576 shares of the transportation company’s stock valued at $173,000 after acquiring an additional 599 shares during the last quarter. CWA Asset Management Group LLC increased its position in United Parcel Service by 5.9% in the first quarter. CWA Asset Management Group LLC now owns 3,467 shares of the transportation company’s stock worth $381,000 after purchasing an additional 193 shares during the period. Finally, Advisor Resource Council bought a new stake in United Parcel Service during the 1st quarter worth about $437,000. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Stock Down 2.1%

NYSE UPS opened at $101.38 on Tuesday. United Parcel Service, Inc. has a fifty-two week low of $90.55 and a fifty-two week high of $145.01. The business has a fifty day moving average price of $100.06 and a two-hundred day moving average price of $106.94. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $85.85 billion, a PE ratio of 14.78, a PEG ratio of 1.99 and a beta of 1.21.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.38 by $0.11. The business had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The firm’s revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.43 EPS. Equities analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 6.47%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service’s dividend payout ratio (DPR) is currently 95.63%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on UPS shares. Stephens reduced their target price on shares of United Parcel Service from $110.00 to $101.00 in a research note on Wednesday, April 30th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $98.00 price objective (down previously from $120.00) on shares of United Parcel Service in a report on Tuesday, April 22nd. UBS Group dropped their price target on United Parcel Service from $128.00 to $124.00 and set a “buy” rating on the stock in a research report on Wednesday, July 2nd. BNP Paribas raised shares of United Parcel Service to a “hold” rating in a research report on Thursday, July 3rd. Finally, Argus cut their price objective on shares of United Parcel Service from $150.00 to $120.00 in a research report on Friday, May 23rd. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $116.32.

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.