Miracle Mile Advisors LLC Has $7.68 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

Miracle Mile Advisors LLC lifted its stake in United Parcel Service, Inc. (NYSE:UPS) by 16.3% during the 4th quarter, HoldingsChannel reports. The fund owned 60,935 shares of the transportation company’s stock after buying an additional 8,543 shares during the period. Miracle Mile Advisors LLC’s holdings in United Parcel Service were worth $7,684,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of UPS. International Assets Investment Management LLC increased its holdings in shares of United Parcel Service by 15,779.6% during the 3rd quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock worth $1,994,853,000 after purchasing an additional 14,539,321 shares during the period. Marshall Wace LLP increased its stake in United Parcel Service by 284.8% during the second quarter. Marshall Wace LLP now owns 2,569,831 shares of the transportation company’s stock valued at $351,681,000 after acquiring an additional 1,901,914 shares during the period. Two Sigma Advisers LP raised its holdings in United Parcel Service by 833.4% in the 3rd quarter. Two Sigma Advisers LP now owns 2,074,100 shares of the transportation company’s stock valued at $282,783,000 after acquiring an additional 1,851,900 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of United Parcel Service by 1,061.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,772,765 shares of the transportation company’s stock worth $232,959,000 after acquiring an additional 1,620,091 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of United Parcel Service by 6.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company’s stock valued at $2,989,609,000 after purchasing an additional 1,320,921 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Up 1.5 %

Shares of NYSE:UPS traded up $1.86 during trading on Monday, hitting $125.14. 6,912,227 shares of the company’s stock were exchanged, compared to its average volume of 4,498,831. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. The firm has a market cap of $106.79 billion, a P/E ratio of 18.90, a PEG ratio of 2.11 and a beta of 1.00. The firm has a 50-day moving average price of $129.54 and a two-hundred day moving average price of $131.16. United Parcel Service, Inc. has a 1-year low of $121.56 and a 1-year high of $161.35.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $22.10 billion. During the same quarter in the previous year, the company posted $1.57 EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. Equities analysts predict that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 5.21%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service’s payout ratio is presently 98.49%.

Analyst Upgrades and Downgrades

UPS has been the subject of a number of analyst reports. Wolfe Research raised shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 price objective for the company in a report on Wednesday, January 8th. Argus upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Stifel Nicolaus boosted their price target on United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Barclays reiterated an “underweight” rating and set a $120.00 price objective on shares of United Parcel Service in a research note on Monday, October 21st. Finally, Evercore ISI boosted their target price on shares of United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a research note on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, United Parcel Service has a consensus rating of “Moderate Buy” and a consensus target price of $151.10.

Insider Buying and Selling at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the sale, the insider now directly owns 45,098 shares in the company, valued at $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.13% of the company’s stock.

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.