Miramar Capital LLC Sells 483 Shares of United Parcel Service, Inc. (NYSE:UPS)

Miramar Capital LLC trimmed its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 93,693 shares of the transportation company’s stock after selling 483 shares during the period. United Parcel Service makes up approximately 3.0% of Miramar Capital LLC’s holdings, making the stock its 16th largest position. Miramar Capital LLC’s holdings in United Parcel Service were worth $12,774,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in UPS. M&G Plc bought a new position in shares of United Parcel Service during the first quarter valued at $9,766,000. Mizuho Markets Americas LLC bought a new stake in shares of United Parcel Service during the first quarter valued at approximately $395,000. Intech Investment Management LLC boosted its holdings in shares of United Parcel Service by 11.1% during the 1st quarter. Intech Investment Management LLC now owns 40,018 shares of the transportation company’s stock valued at $5,948,000 after purchasing an additional 3,987 shares during the last quarter. TIAA Trust National Association increased its stake in United Parcel Service by 2.1% in the 1st quarter. TIAA Trust National Association now owns 16,278 shares of the transportation company’s stock worth $2,419,000 after acquiring an additional 339 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board increased its position in United Parcel Service by 50.3% in the first quarter. Ontario Teachers Pension Plan Board now owns 5,853 shares of the transportation company’s stock worth $870,000 after purchasing an additional 1,958 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Up 1.1 %

United Parcel Service stock opened at $134.10 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a 50 day moving average price of $132.50 and a 200 day moving average price of $134.76. United Parcel Service, Inc. has a fifty-two week low of $123.12 and a fifty-two week high of $163.82. The company has a market capitalization of $114.86 billion, a PE ratio of 20.26, a price-to-earnings-growth ratio of 2.19 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $22.10 billion. During the same period in the prior year, the business earned $1.57 EPS. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. Research analysts expect that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.86%. The ex-dividend date is Monday, November 18th. United Parcel Service’s dividend payout ratio (DPR) is 98.49%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their price target on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Baird R W upgraded shares of United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. Evercore ISI boosted their target price on United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 22nd. StockNews.com raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Finally, Robert W. Baird reduced their price objective on United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $151.52.

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.