Monte Financial Group LLC Purchases 23,762 Shares of United Parcel Service, Inc. (NYSE:UPS)

Monte Financial Group LLC lifted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 82.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 52,564 shares of the transportation company's stock after acquiring an additional 23,762 shares during the quarter. United Parcel Service makes up about 2.4% of Monte Financial Group LLC's portfolio, making the stock its 15th biggest holding. Monte Financial Group LLC's holdings in United Parcel Service were worth $5,782,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Stonegate Investment Group LLC boosted its stake in United Parcel Service by 45.2% in the 1st quarter. Stonegate Investment Group LLC now owns 636,276 shares of the transportation company's stock valued at $69,984,000 after purchasing an additional 198,050 shares during the period. PFG Investments LLC lifted its position in shares of United Parcel Service by 3.1% during the 1st quarter. PFG Investments LLC now owns 49,359 shares of the transportation company's stock valued at $5,429,000 after acquiring an additional 1,462 shares during the period. Advocate Group LLC lifted its position in shares of United Parcel Service by 8.2% during the 1st quarter. Advocate Group LLC now owns 80,703 shares of the transportation company's stock valued at $8,876,000 after acquiring an additional 6,103 shares during the period. Jamison Private Wealth Management Inc. lifted its position in shares of United Parcel Service by 1.8% during the 1st quarter. Jamison Private Wealth Management Inc. now owns 183,668 shares of the transportation company's stock valued at $20,202,000 after acquiring an additional 3,174 shares during the period. Finally, Advisor Resource Council bought a new stake in shares of United Parcel Service during the 1st quarter valued at $437,000. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Trading Up 0.2%

Shares of United Parcel Service stock traded up $0.15 on Friday, hitting $99.36. 11,093,220 shares of the company's stock traded hands, compared to its average volume of 5,189,324. United Parcel Service, Inc. has a one year low of $90.55 and a one year high of $148.15. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. The company has a fifty day moving average of $97.77 and a two-hundred day moving average of $111.53. The company has a market capitalization of $84.14 billion, a price-to-earnings ratio of 14.48, a price-to-earnings-growth ratio of 1.74 and a beta of 1.22.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.38 by $0.11. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The company had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. During the same quarter in the prior year, the company earned $1.43 EPS. The firm's revenue for the quarter was down .9% compared to the same quarter last year. As a group, sell-side analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were given a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.60%. United Parcel Service's payout ratio is 95.63%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their target price on United Parcel Service from $120.00 to $115.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Hsbc Global Res downgraded United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 1st. Wells Fargo & Company reissued an "equal weight" rating and set a $98.00 price target (down previously from $120.00) on shares of United Parcel Service in a report on Tuesday, April 22nd. Wolfe Research lowered their price target on United Parcel Service from $133.00 to $113.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Finally, BMO Capital Markets lowered their price target on United Parcel Service from $130.00 to $125.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $120.26.

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.