Miracle Mile Advisors LLC Raises Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Miracle Mile Advisors LLC increased its position in United Parcel Service, Inc. (NYSE:UPS) by 8.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,307 shares of the transportation company’s stock after acquiring an additional 5,372 shares during the period. Miracle Mile Advisors LLC’s holdings in United Parcel Service were worth $7,293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. RDA Financial Network raised its stake in United Parcel Service by 8.7% in the 1st quarter. RDA Financial Network now owns 4,452 shares of the transportation company’s stock worth $490,000 after acquiring an additional 355 shares during the last quarter. Patriot Financial Group Insurance Agency LLC raised its stake in United Parcel Service by 18.8% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 6,635 shares of the transportation company’s stock worth $730,000 after acquiring an additional 1,051 shares during the last quarter. Wedmont Private Capital raised its stake in United Parcel Service by 25.4% in the 1st quarter. Wedmont Private Capital now owns 3,930 shares of the transportation company’s stock worth $432,000 after acquiring an additional 797 shares during the last quarter. LexAurum Advisors LLC raised its stake in United Parcel Service by 40.2% in the 1st quarter. LexAurum Advisors LLC now owns 3,851 shares of the transportation company’s stock worth $424,000 after acquiring an additional 1,104 shares during the last quarter. Finally, Perkins Coie Trust Co raised its stake in United Parcel Service by 10.8% in the 1st quarter. Perkins Coie Trust Co now owns 22,793 shares of the transportation company’s stock worth $2,507,000 after acquiring an additional 2,217 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Up 1.4%

UPS stock opened at $98.24 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $148.15. The stock has a market cap of $83.19 billion, a price-to-earnings ratio of 14.53, a PEG ratio of 1.55 and a beta of 1.22. The business’s 50-day moving average is $97.32 and its 200 day moving average is $113.86.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping 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 company had revenue of $21.50 billion for the quarter, compared to analysts’ expectations of $21.25 billion. During the same period in the previous year, the firm posted $1.43 EPS. United Parcel Service’s revenue was down .9% compared to the same quarter last year. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were issued a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.68%. The ex-dividend date was Monday, May 19th. United Parcel Service’s payout ratio is 95.63%.

Analyst Ratings Changes

A number of research firms have weighed in on UPS. Citigroup reduced their price objective on United Parcel Service from $149.00 to $123.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Wall Street Zen lowered United Parcel Service from a “buy” rating to a “hold” rating in a research note on Wednesday, May 7th. Stifel Nicolaus reduced their price objective on United Parcel Service from $145.00 to $124.00 and set a “buy” rating for the company in a research note on Wednesday, April 30th. Hsbc Global Res lowered United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 1st. Finally, HSBC lowered United Parcel Service from a “buy” rating to a “hold” rating and set a $105.00 price objective for the company. in a research note on Thursday, May 1st. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $120.26.

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.