Bank of Montreal Can Boosts Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Bank of Montreal Can boosted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 30.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,331,160 shares of the transportation company’s stock after purchasing an additional 311,582 shares during the period. Bank of Montreal Can owned about 0.16% of United Parcel Service worth $182,169,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. United Services Automobile Association boosted its position in United Parcel Service by 235.3% in the fourth quarter. United Services Automobile Association now owns 237,333 shares of the transportation company’s stock worth $37,316,000 after purchasing an additional 166,557 shares during the last quarter. Natixis purchased a new position in shares of United Parcel Service during the 1st quarter valued at $121,000. Financial Partners Group LLC lifted its position in shares of United Parcel Service by 23.9% during the 2nd quarter. Financial Partners Group LLC now owns 26,319 shares of the transportation company’s stock valued at $3,602,000 after buying an additional 5,069 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of United Parcel Service by 12.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 59,567 shares of the transportation company’s stock valued at $8,853,000 after buying an additional 6,502 shares during the last quarter. Finally, Nvwm LLC lifted its position in shares of United Parcel Service by 3.7% during the 1st quarter. Nvwm LLC now owns 2,685 shares of the transportation company’s stock valued at $399,000 after buying an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insider Buying and Selling

In related news, Director William R. Johnson purchased 5,000 shares of United Parcel Service stock in a transaction that occurred on Thursday, July 25th. The shares were acquired at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the transaction, the director now directly owns 5,160 shares in the company, valued at $663,627.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by corporate insiders.

United Parcel Service Price Performance

Shares of United Parcel Service stock opened at $128.74 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $110.14 billion, a PE ratio of 18.66, a price-to-earnings-growth ratio of 1.90 and a beta of 0.99. The business’s 50-day moving average price is $129.87 and its 200-day moving average price is $139.01. United Parcel Service, Inc. has a 12 month low of $123.12 and a 12 month high of $163.82.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.20). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The company had revenue of $21.82 billion for the quarter, compared to the consensus estimate of $22.17 billion. During the same quarter in the previous year, the business earned $2.54 earnings per share. United Parcel Service’s revenue was down 1.1% compared to the same quarter last year. Sell-side analysts forecast that United Parcel Service, Inc. will post 7.43 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were given a dividend of $1.63 per share. The ex-dividend date was Monday, August 19th. This represents a $6.52 annualized dividend and a yield of 5.06%. United Parcel Service’s payout ratio is 94.49%.

Analyst Ratings Changes

A number of research analysts have recently commented on UPS shares. Stephens dropped their price target on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Baird R W raised United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 24th. Oppenheimer dropped their price objective on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. Bank of America dropped their price objective on United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Finally, Wells Fargo & Company dropped their price objective on United Parcel Service from $156.00 to $134.00 and set an “overweight” rating on the stock in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $149.68.

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.