Monarch Capital Management Inc. Has $3.27 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Monarch Capital Management Inc. increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 9.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,745 shares of the transportation company's stock after purchasing an additional 2,565 shares during the quarter. Monarch Capital Management Inc.'s holdings in United Parcel Service were worth $3,272,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of UPS. LaFleur & Godfrey LLC boosted its holdings in United Parcel Service by 62.8% in the 4th quarter. LaFleur & Godfrey LLC now owns 6,225 shares of the transportation company's stock worth $785,000 after acquiring an additional 2,401 shares during the period. Brighton Jones LLC boosted its holdings in United Parcel Service by 63.8% in the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company's stock worth $1,529,000 after acquiring an additional 4,723 shares during the period. Newbridge Financial Services Group Inc. purchased a new position in United Parcel Service in the 4th quarter worth approximately $77,000. Principle Wealth Partners LLC boosted its holdings in United Parcel Service by 1.9% in the 4th quarter. Principle Wealth Partners LLC now owns 6,595 shares of the transportation company's stock worth $832,000 after acquiring an additional 125 shares during the period. Finally, Focus Financial Network Inc. boosted its holdings in United Parcel Service by 4.2% in the 4th quarter. Focus Financial Network Inc. now owns 4,731 shares of the transportation company's stock worth $623,000 after acquiring an additional 192 shares during the period. Hedge funds and other institutional investors own 60.26% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on UPS. Galvan Research reduced their target price on United Parcel Service from $147.00 to $133.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Deutsche Bank Aktiengesellschaft began coverage on United Parcel Service in a research note on Friday, March 7th. They set a "hold" rating and a $119.00 target price for the company. Wells Fargo & Company reiterated an "equal weight" rating and set a $98.00 target price (down from $120.00) on shares of United Parcel Service in a research note on Tuesday, April 22nd. Bank of America increased their target price on United Parcel Service from $111.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Finally, Truist Financial reduced their target price on United Parcel Service from $140.00 to $130.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $120.26.

United Parcel Service Price Performance

UPS traded down $0.31 on Thursday, reaching $100.85. The company had a trading volume of 3,105,662 shares, compared to its average volume of 5,178,870. The company has a fifty day moving average of $97.33 and a 200-day moving average of $113.08. The company has a market capitalization of $85.40 billion, a P/E ratio of 14.92, a PEG ratio of 1.55 and a beta of 1.22. United Parcel Service, Inc. has a one year low of $90.55 and a one year high of $148.15. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS - Get Free Report) last released its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.11. The firm had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. United Parcel Service's revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.43 earnings per share. As a group, equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were given a dividend of $1.64 per share. The ex-dividend date was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a yield of 6.50%. United Parcel Service's payout ratio is presently 95.63%.

About United Parcel Service

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.