Monte Financial Group LLC Has $5.61 Million Stake in United Parcel Service, Inc. $UPS

Monte Financial Group LLC grew its holdings in United Parcel Service, Inc. (NYSE:UPS) by 24.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,098 shares of the transportation company’s stock after purchasing an additional 13,303 shares during the period. United Parcel Service makes up 2.1% of Monte Financial Group LLC’s portfolio, making the stock its 22nd biggest position. Monte Financial Group LLC’s holdings in United Parcel Service were worth $5,605,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Cornerstone Wealth Group LLC lifted its stake in shares of United Parcel Service by 3.9% in the 2nd quarter. Cornerstone Wealth Group LLC now owns 2,557 shares of the transportation company’s stock valued at $258,000 after purchasing an additional 97 shares during the last quarter. Gleason Group Inc. boosted its holdings in United Parcel Service by 1.7% during the second quarter. Gleason Group Inc. now owns 6,864 shares of the transportation company’s stock valued at $693,000 after acquiring an additional 113 shares during the period. Richwood Investment Advisors LLC increased its stake in shares of United Parcel Service by 1.9% in the second quarter. Richwood Investment Advisors LLC now owns 6,089 shares of the transportation company’s stock worth $615,000 after purchasing an additional 115 shares during the period. MSH Capital Advisors LLC boosted its stake in United Parcel Service by 1.4% during the 2nd quarter. MSH Capital Advisors LLC now owns 8,088 shares of the transportation company’s stock valued at $816,000 after purchasing an additional 115 shares during the period. Finally, Wealth Advisory Solutions LLC boosted its position in shares of United Parcel Service by 2.3% in the third quarter. Wealth Advisory Solutions LLC now owns 5,163 shares of the transportation company’s stock valued at $431,000 after acquiring an additional 118 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

Shares of UPS stock opened at $108.02 on Monday. The company’s fifty day simple moving average is $100.47 and its 200-day simple moving average is $93.33. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $136.99. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.50. The firm has a market cap of $91.65 billion, a PE ratio of 16.70, a P/E/G ratio of 2.33 and a beta of 1.11.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.74 EPS for the quarter, beating the consensus estimate of $1.31 by $0.43. The company had revenue of $21.42 billion during the quarter, compared to the consensus estimate of $20.94 billion. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.76 EPS. Equities research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, November 17th were paid a $1.64 dividend. The ex-dividend date was Monday, November 17th. This represents a $6.56 annualized dividend and a yield of 6.1%. United Parcel Service’s payout ratio is 101.39%.

Analysts Set New Price Targets

UPS has been the topic of a number of research reports. Stephens upgraded United Parcel Service to a “hold” rating in a research report on Wednesday, October 29th. UBS Group increased their price objective on United Parcel Service from $113.00 to $116.00 and gave the stock a “buy” rating in a research note on Wednesday, January 7th. Wall Street Zen raised shares of United Parcel Service from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Truist Financial upped their price objective on shares of United Parcel Service from $100.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Finally, Citigroup boosted their target price on United Parcel Service from $120.00 to $126.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, United Parcel Service presently has an average rating of “Hold” and an average price target of $111.84.

About United Parcel Service

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.