United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Bank of Montreal Can

Bank of Montreal Can decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 16.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,111,200 shares of the transportation company’s stock after selling 219,960 shares during the period. Bank of Montreal Can’s holdings in United Parcel Service were worth $149,190,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UPS. Coppell Advisory Solutions Corp. acquired a new position in United Parcel Service in the first quarter valued at $2,289,000. Comerica Bank raised its stake in United Parcel Service by 1.9% during the 1st quarter. Comerica Bank now owns 282,098 shares of the transportation company’s stock valued at $41,928,000 after acquiring an additional 5,167 shares during the last quarter. Beacon Capital Management LLC lifted its position in United Parcel Service by 48.4% during the 1st quarter. Beacon Capital Management LLC now owns 1,652 shares of the transportation company’s stock worth $246,000 after acquiring an additional 539 shares during the period. Vista Investment Partners LLC grew its stake in shares of United Parcel Service by 231.9% in the 1st quarter. Vista Investment Partners LLC now owns 11,166 shares of the transportation company’s stock valued at $1,660,000 after purchasing an additional 7,802 shares during the last quarter. Finally, Garner Asset Management Corp increased its holdings in shares of United Parcel Service by 4.0% in the first quarter. Garner Asset Management Corp now owns 9,718 shares of the transportation company’s stock valued at $1,444,000 after purchasing an additional 370 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on UPS. The Goldman Sachs Group decreased their price target on United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Bank of America lifted their target price on shares of United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Wells Fargo & Company increased their price target on shares of United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Finally, Barclays reiterated an “underweight” rating and set a $120.00 target price on shares of United Parcel Service in a research report on Monday, October 21st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, United Parcel Service currently has an average rating of “Moderate Buy” and an average price target of $151.52.

United Parcel Service Trading Up 2.0 %

Shares of United Parcel Service stock opened at $137.53 on Tuesday. The business has a 50 day moving average price of $133.15 and a 200 day moving average price of $134.03. The company has a market capitalization of $117.36 billion, a P/E ratio of 20.77, a P/E/G ratio of 2.21 and a beta of 0.99. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $163.82.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. The company had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.57 earnings per share. Sell-side analysts anticipate that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be issued a $1.63 dividend. The ex-dividend date is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 4.74%. United Parcel Service’s dividend payout ratio (DPR) is 98.49%.

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.