Brown Miller Wealth Management LLC Has $458,000 Stock Position in United Parcel Service, Inc. $UPS

Brown Miller Wealth Management LLC lessened its holdings in United Parcel Service, Inc. (NYSE:UPS) by 3.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,538 shares of the transportation company’s stock after selling 149 shares during the period. Brown Miller Wealth Management LLC’s holdings in United Parcel Service were worth $458,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Highland Capital Management LLC increased its holdings in shares of United Parcel Service by 108.4% during the second quarter. Highland Capital Management LLC now owns 42,181 shares of the transportation company’s stock worth $4,258,000 after purchasing an additional 21,940 shares during the period. Noble Family Wealth LLC grew its position in United Parcel Service by 2.8% during the second quarter. Noble Family Wealth LLC now owns 7,230 shares of the transportation company’s stock worth $730,000 after buying an additional 200 shares in the last quarter. O Keefe Stevens Advisory Inc. raised its holdings in United Parcel Service by 30.8% in the 2nd quarter. O Keefe Stevens Advisory Inc. now owns 9,361 shares of the transportation company’s stock valued at $945,000 after acquiring an additional 2,207 shares in the last quarter. Sava Infond d.o.o. raised its holdings in United Parcel Service by 146.7% in the 2nd quarter. Sava Infond d.o.o. now owns 4,120 shares of the transportation company’s stock valued at $416,000 after acquiring an additional 2,450 shares in the last quarter. Finally, NTV Asset Management LLC lifted its position in shares of United Parcel Service by 4.3% during the 2nd quarter. NTV Asset Management LLC now owns 8,604 shares of the transportation company’s stock valued at $868,000 after acquiring an additional 353 shares during the period. Institutional investors own 60.26% of the company’s stock.

Insider Buying and Selling at United Parcel Service

In related news, CEO Carol B. Tome acquired 11,682 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The stock was acquired at an average cost of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the acquisition, the chief executive officer directly owned 24,718 shares of the company’s stock, valued at approximately $2,117,591.06. This trade represents a 89.61% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William R. Johnson bought 5,000 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were bought at an average cost of $86.50 per share, with a total value of $432,500.00. Following the completion of the transaction, the director owned 10,160 shares in the company, valued at $878,840. The trade was a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 17,182 shares of company stock worth $1,477,382. 0.13% of the stock is currently owned by company insiders.

United Parcel Service Trading Up 1.4%

Shares of UPS stock opened at $86.79 on Friday. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $145.01. The stock’s fifty day simple moving average is $86.20 and its 200 day simple moving average is $95.32. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $73.56 billion, a P/E ratio of 12.92, a P/E/G ratio of 1.60 and a beta of 1.10.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.01). The firm had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. United Parcel Service’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.79 earnings per share. As a group, sell-side analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service’s payout ratio is presently 97.62%.

Analysts Set New Price Targets

UPS has been the topic of a number of recent analyst reports. BNP Paribas upgraded United Parcel Service to a “hold” rating in a research report on Thursday, July 3rd. Citigroup dropped their target price on shares of United Parcel Service from $127.00 to $114.00 and set a “buy” rating for the company in a research report on Thursday, July 31st. Vertical Research reiterated a “hold” rating and set a $103.00 price target on shares of United Parcel Service in a research report on Wednesday, July 30th. Barclays decreased their price objective on shares of United Parcel Service from $90.00 to $80.00 and set an “underweight” rating on the stock in a research note on Thursday, July 31st. Finally, Galvan Research cut their target price on United Parcel Service from $126.00 to $124.00 and set a “buy” rating for the company in a research note on Monday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $110.16.

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.