United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Montag A & Associates Inc.

Montag A & Associates Inc. trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 12.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,628 shares of the transportation company’s stock after selling 1,612 shares during the quarter. Montag A & Associates Inc.’s holdings in United Parcel Service were worth $1,728,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Tennessee Valley Asset Management Partners acquired a new stake in United Parcel Service in the fourth quarter valued at $26,000. Life Planning Partners Inc purchased a new stake in United Parcel Service during the fourth quarter worth about $28,000. Northwest Financial Advisors purchased a new position in United Parcel Service in the fourth quarter valued at about $28,000. Pineridge Advisors LLC acquired a new stake in shares of United Parcel Service during the 4th quarter valued at approximately $31,000. Finally, Bourgeon Capital Management LLC purchased a new stake in shares of United Parcel Service during the 4th quarter worth approximately $31,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Stock Up 1.1 %

United Parcel Service stock traded up $1.53 during midday trading on Monday, hitting $143.88. 1,543,810 shares of the stock were exchanged, compared to its average volume of 3,983,618. United Parcel Service, Inc. has a 1 year low of $132.90 and a 1 year high of $192.98. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.04. The firm has a market cap of $123.10 billion, a P/E ratio of 20.88, a P/E/G ratio of 1.81 and a beta of 0.98. The company has a 50 day moving average price of $139.56 and a two-hundred day moving average price of $146.88.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.33 by $0.10. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The business had revenue of $21.70 billion for the quarter, compared to analysts’ expectations of $21.84 billion. During the same quarter in the previous year, the firm posted $2.20 earnings per share. The company’s revenue was down 5.3% compared to the same quarter last year. On average, sell-side analysts predict that United Parcel Service, Inc. will post 8.22 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Monday, May 13th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.53%. The ex-dividend date was Friday, May 10th. United Parcel Service’s payout ratio is currently 94.49%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on UPS shares. Deutsche Bank Aktiengesellschaft dropped their price target on United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a research report on Thursday, March 28th. TD Cowen dropped their price target on United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a research report on Thursday, March 28th. HSBC upgraded United Parcel Service from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $150.00 to $170.00 in a research report on Thursday, April 25th. Susquehanna raised their price target on shares of United Parcel Service from $150.00 to $160.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Finally, JPMorgan Chase & Co. cut their price objective on shares of United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a research report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, United Parcel Service currently has an average rating of “Hold” and a consensus price target of $164.55.

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.