Montag A & Associates Inc. increases stake in United Parcel Service, Inc. (NYSE:UPS)

VaselineSeptember 2, 2024

0 4 minutes read

Montag A & Associates Inc. increased its stake in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 0.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,727 shares of the transportation company’s stock after purchasing an additional 99 shares during the quarter. The holdings of Montag A & Associates Inc. holdings in United Parcel Service were worth $1,605,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in UPS. Northwest Financial Advisors purchased a new stake in shares of United Parcel Service in the 4th quarter valued at $28,000. Pineridge Advisors LLC acquired a new stake in United Parcel Service in the 4th quarter valued at approximately $31,000. Security National Bank acquired a new position in shares of United Parcel Service in the 4th quarter valued at approximately $31,000. TruNorth Capital Management LLC purchased a new position in shares of United Parcel Service in the second quarter valued at approximately $28,000. Finally, Stephens Consulting LLC boosted its holdings in shares of United Parcel Service by 869.6% in the 1st quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock worth $33,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s shares.

Insiders place their bets

In other news, Director William R. Johnson bought 5,000 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were purchased at an average price of $128.61 per share, with a total value of $643,050.00. Following the acquisition, the director now directly owns 5,160 shares in the company, valued at approximately $663,627.60. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.13% of the company’s shares.

Changes in Analyst Ratings

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Several equities research analysts have commented on UPS shares. Barclays cut their price objective on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Oppenheimer cut their price target on shares of 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 reduced their price objective on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. TD Cowen initiated coverage on shares of United Parcel Service in a research note on Thursday, August 22nd. They set a “hold” rating and a $144.00 price target on the stock. Finally, Susquehanna cut their price target on United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Moderate Buy” and a consensus price target of $151.20, based on data from MarketBeat.

Check out our latest report on United Parcel Service

United Parcel Service inventory performance

UPS opened at $128.55 on Monday. United Parcel Service, Inc. has a 12-month low of $123.12 and a 12-month high of $172.75. The firm has a market cap of $110.11 billion, a PE ratio of 18.63, a PEG ratio of 1.89 and a beta of 0.98. 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 company’s 50-day moving average price is $132.47 and its 200-day moving average price is $141.28.

United Parcel Service (NYSE:UPS – Get Your Free Report ) last posted its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.20). The company had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The company’s revenue for the quarter was down 1.1% year over year. In the same quarter last year, the company earned $2.54 per share. As a group, sell-side analysts expect United Parcel Service, Inc. to post 7.43 EPS for the current fiscal year.

United Parcel Service announces dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Monday, August 19th will be issued a $1.63 dividend. This represents an annualized dividend of $6.52 and a yield of 5.07%. The ex-dividend date is Monday, August 19. United Parcel Service’s payout ratio is currently 94.49%.

About United Parcel Service

(Free report)

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, air freight, customs brokerage and insurance services. It operates through two segments, the US Domestic Package and the International Package. The U.S. Domestic Packages segment provides timed delivery of express letters, documents, small packages and palletized goods via air and ground services in the United States.