Monte Financial Group LLC Buys 13,303 Shares of United Parcel Service, Inc. $UPS

Monte Financial Group LLC increased its position in United Parcel Service, Inc. (NYSE:UPS) by 24.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 67,098 shares of the transportation company’s stock after buying an additional 13,303 shares during the quarter. United Parcel Service accounts for approximately 2.1% of Monte Financial Group LLC’s investment portfolio, making the stock its 22nd largest position. Monte Financial Group LLC’s holdings in United Parcel Service were worth $5,605,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Evelyn Partners Investment Management Europe Ltd boosted its position in shares of United Parcel Service by 110.1% during the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 131 shares in the last quarter. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of United Parcel Service in the 2nd quarter worth about $26,000. Salzhauer Michael bought a new position in shares of United Parcel Service in the third quarter valued at approximately $31,000. RMG Wealth Management LLC bought a new position in shares of United Parcel Service during the second quarter valued at about $34,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of United Parcel Service in the 2nd quarter worth approximately $34,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Performance

United Parcel Service stock opened at $108.02 on Monday. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve 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 stock’s 50 day moving average is $100.47 and its 200 day moving average is $93.33. The company has a market capitalization of $91.65 billion, a P/E ratio of 16.70, a PEG ratio of 2.33 and a beta of 1.11.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, October 28th. The transportation company reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.43. United Parcel Service had a net margin of 6.15% and a return on equity of 40.07%. The firm had revenue of $21.42 billion for the quarter, compared to analysts’ expectations of $20.94 billion. During the same quarter in the prior year, the company posted $1.76 earnings per share. The business’s revenue for the quarter was down 3.7% on a year-over-year basis. On average, equities research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

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

Analysts Set New Price Targets

Several analysts have commented on UPS shares. Wall Street Zen raised shares of United Parcel Service from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. BNP Paribas Exane lowered shares of United Parcel Service from a “neutral” rating to an “underperform” rating and set a $85.00 price objective for the company. in a research report on Tuesday, January 13th. JPMorgan Chase & Co. boosted their target price on United Parcel Service from $97.00 to $99.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. Wells Fargo & Company raised their price objective on shares of United Parcel Service from $91.00 to $96.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 29th. Finally, Stifel Nicolaus boosted their target price on United Parcel Service from $110.00 to $112.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, United Parcel Service presently has an average rating of “Hold” and a consensus target price of $111.84.

United Parcel Service Company Profile

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.