United Parcel Service, Inc. (UPS) Is A Top Stock In Miller Value Partners' Filings
United Parcel Service, Inc. (UPS) Is A Top Stock In Miller Value Partners' Filings.
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We recently published Bill Miller Portfolio: Top 10 Stock Picks . United Parcel Service, Inc. (NYSE:UPS) is one of the top stock picks.
Postal giant United Parcel Service, Inc. (NYSE:UPS)'s shares are up by 9.3% over the past year and by 11% year-to-date. The firm was in the news recently after the US Postal Inspector General raised the need to reevaluate its contract with the USPS. The contract is United Parcel Service, Inc. (NYSE:UPS)'s air cargo contract, and the oversight body advised contract termination in order to shift cargo to cheaper ground-based transportation instead of air freight. The Inspector General pointed towards the nature of the contract to outline that minimum volume commitments had forced the USPS to fly its cargo instead of using land transportation.
United Parcel Service, Inc. (NYSE:UPS) is also currently in the process of expanding its portfolio of temperature-controlled facilities. According to a press release, the firm is investing $48 million in 27 facilities across the US. Following United Parcel Service, Inc. (NYSE:UPS)'s first quarter earnings report, UBS lowered the firm's share price target to $123 from $125 and kept a Buy rating on the shares.
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Sinergia Empresarial continuará el seguimiento de esta información sobre united Parcel Service, Inc. (UPS) Is A Top Stock In Miller Value Partners' Filings y ampliará la cobertura conforme se confirmen nuevos elementos relevantes para el ecosistema empresarial.
