Patton Albertson Miller Group LLC Has $477,000 Position in United Parcel Service, Inc. (NYSE:UPS)

Patton Albertson Miller Group LLC decreased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 4.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,035 shares of the transportation company’s stock after selling 125 shares during the period. Patton Albertson Miller Group LLC’s holdings in United Parcel Service were worth $477,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in UPS. MWA Asset Management bought a new stake in shares of United Parcel Service in the 3rd quarter valued at approximately $2,125,000. Chesapeake Wealth Management raised its stake in United Parcel Service by 1.3% during the third quarter. Chesapeake Wealth Management now owns 7,886 shares of the transportation company’s stock worth $1,229,000 after acquiring an additional 103 shares in the last quarter. Cerity Partners LLC lifted its holdings in shares of United Parcel Service by 13.1% during the fourth quarter. Cerity Partners LLC now owns 387,381 shares of the transportation company’s stock valued at $60,908,000 after acquiring an additional 44,721 shares during the period. CapWealth Advisors LLC boosted its stake in shares of United Parcel Service by 1.2% in the 4th quarter. CapWealth Advisors LLC now owns 58,184 shares of the transportation company’s stock valued at $9,148,000 after purchasing an additional 686 shares in the last quarter. Finally, Telos Capital Management Inc. grew its holdings in shares of United Parcel Service by 1.0% in the 3rd quarter. Telos Capital Management Inc. now owns 74,337 shares of the transportation company’s stock worth $11,587,000 after purchasing an additional 740 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Trading Up 0.2 %

Shares of NYSE:UPS traded up $0.30 during midday trading on Thursday, hitting $148.07. The company had a trading volume of 2,509,562 shares, compared to its average volume of 4,149,974. The firm has a fifty day simple moving average of $149.35 and a 200 day simple moving average of $150.51. The stock has a market cap of $126.25 billion, a price-to-earnings ratio of 21.46, a PEG ratio of 1.68 and a beta of 1.05. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11. United Parcel Service, Inc. has a 12 month low of $133.68 and a 12 month high of $192.98.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. The firm had revenue of $21.70 billion for the quarter, compared to analysts’ expectations of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The company’s revenue was down 5.3% compared to the same quarter last year. During the same quarter last year, the business earned $2.20 earnings per share. On average, analysts predict that United Parcel Service, Inc. will post 8.23 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Monday, May 13th will be issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date of this dividend is Friday, May 10th. United Parcel Service’s dividend payout ratio is currently 94.49%.

Analyst Ratings Changes

Several brokerages recently issued reports on UPS. Morgan Stanley lifted their price target on shares of United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a report on Wednesday, March 27th. BMO Capital Markets increased their price target on United Parcel Service from $165.00 to $169.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 24th. HSBC upgraded United Parcel Service from a “hold” rating to a “buy” rating and lifted their price objective for the company from $150.00 to $170.00 in a research report on Thursday, April 25th. Stifel Nicolaus decreased their target price on United Parcel Service from $178.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. Finally, Susquehanna lifted their price target on United Parcel Service from $150.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, United Parcel Service currently has an average rating of “Hold” and a consensus target price of $165.23.

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.