Montag A & Associates Inc. reduced its position in United Parcel Service, Inc. (NYSE:UPS) by 1.1% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 20,895 shares of the transportation company’s stock after selling 237 shares during the quarter. Montag A & Associates Inc.’s holdings in United Parcel Service were worth $2,335,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Orrstown Financial Services Inc. acquired a new position in shares of United Parcel Service during the 4th quarter worth $29,000. Reilly Financial Advisors LLC acquired a new position in shares of United Parcel Service during the 4th quarter worth $29,000. Larson Financial Group LLC acquired a new position in shares of United Parcel Service during the 4th quarter worth $29,000. CX Institutional acquired a new position in shares of United Parcel Service during the 1st quarter worth $29,000. Finally, RPG Investment Advisory LLC grew its stake in shares of United Parcel Service by 277.1% during the 1st quarter. RPG Investment Advisory LLC now owns 264 shares of the transportation company’s stock worth $29,000 after purchasing an additional 194 shares during the period. 55.77% of the stock is currently owned by institutional investors.
UPS opened at $99.76 on Thursday. The company has a market cap of $85.52 billion, a P/E ratio of 13.78, a price-to-earnings-growth ratio of 1.53 and a beta of 1.16. United Parcel Service, Inc. has a 1 year low of $89.89 and a 1 year high of $125.09. The company has a debt-to-equity ratio of 5.85, a current ratio of 1.13 and a quick ratio of 1.13.
United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, April 25th. The transportation company reported $1.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.42 by ($0.03). The business had revenue of $17.16 billion for the quarter, compared to analyst estimates of $17.79 billion. United Parcel Service had a return on equity of 205.26% and a net margin of 6.34%. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period last year, the company posted $1.55 EPS. On average, analysts expect that United Parcel Service, Inc. will post 7.47 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Monday, May 20th will be given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date is Friday, May 17th. United Parcel Service’s dividend payout ratio (DPR) is presently 53.04%.
In other United Parcel Service news, SVP Teri P. Mcclure sold 5,000 shares of the stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $109.72, for a total value of $548,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Norman M. Brothers, Jr. sold 1,500 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $106.03, for a total transaction of $159,045.00. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by corporate insiders.
UPS has been the topic of a number of research reports. Credit Suisse Group increased their price objective on shares of United Parcel Service from $104.00 to $111.00 and gave the company a “neutral” rating in a research note on Monday, February 4th. Zacks Investment Research cut shares of United Parcel Service from a “hold” rating to a “sell” rating in a research note on Saturday, February 9th. Barclays reissued a “hold” rating and issued a $112.00 price objective on shares of United Parcel Service in a research note on Tuesday, January 29th. Berenberg Bank raised shares of United Parcel Service from a “hold” rating to a “buy” rating and increased their price objective for the company from $125.00 to $130.00 in a research note on Monday, April 1st. Finally, Bank of America reissued a “neutral” rating and issued a $112.00 price objective (down from $116.00) on shares of United Parcel Service in a research note on Friday, February 1st. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $122.41.
United Parcel Service Profile
United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
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