Monetary Management Group Inc. Increases Stock Position in United Parcel Service, Inc. $UPS

Monetary Management Group Inc. lifted its stake in United Parcel Service, Inc. (NYSE:UPS) by 1,811.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 11,391 shares of the transportation company’s stock after buying an additional 10,795 shares during the quarter. Monetary Management Group Inc.’s holdings in United Parcel Service were worth $1,253,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of UPS. Goldman Sachs Group Inc. raised its position in shares of United Parcel Service by 124.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company’s stock worth $991,132,000 after purchasing an additional 4,988,044 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of United Parcel Service by 1,056.6% in the 1st quarter. Pacer Advisors Inc. now owns 4,336,175 shares of the transportation company’s stock worth $476,936,000 after purchasing an additional 3,961,255 shares during the last quarter. Nuveen LLC purchased a new position in shares of United Parcel Service in the 1st quarter worth about $201,358,000. Charles Schwab Investment Management Inc. raised its position in shares of United Parcel Service by 7.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company’s stock worth $2,754,751,000 after purchasing an additional 1,780,807 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC purchased a new position in shares of United Parcel Service in the 4th quarter worth about $145,846,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on UPS shares. Stifel Canada lowered their price target on United Parcel Service from $145.00 to $124.00 in a research report on Wednesday, April 30th. UBS Group lowered their price target on United Parcel Service from $124.00 to $118.00 and set a “buy” rating for the company in a research report on Wednesday, July 30th. Stifel Nicolaus lowered their price target on United Parcel Service from $124.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, July 30th. DA Davidson decreased their target price on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a research report on Wednesday, April 30th. Finally, Bernstein Bank boosted their target price on United Parcel Service from $132.00 to $133.00 in a research report on Wednesday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $112.81.

Insider Transactions at United Parcel Service

In other news, CEO Carol B. Tome purchased 11,682 shares of the business’s stock in a transaction on Friday, August 1st. The stock was acquired at an average cost of $85.67 per share, for a total transaction of $1,000,796.94. Following the purchase, the chief executive officer directly owned 24,718 shares in the company, valued at $2,117,591.06. This trade represents a 89.61% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William R. Johnson purchased 5,000 shares of the business’s stock in a transaction on Thursday, July 31st. The shares were purchased at an average price of $86.50 per share, with a total value of $432,500.00. Following the completion of the purchase, the director owned 10,160 shares in the company, valued at approximately $878,840. This trade represents a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.13% of the company’s stock.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $86.1620 on Friday. United Parcel Service, Inc. has a fifty-two week low of $84.28 and a fifty-two week high of $145.01. The business has a 50-day simple moving average of $96.11 and a two-hundred day simple moving average of $102.16. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a market cap of $73.03 billion, a price-to-earnings ratio of 12.82, a price-to-earnings-growth ratio of 1.60 and a beta of 1.12.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). The firm had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.79 earnings per share. On average, analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Monday, August 18th will be paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date is Monday, August 18th. United Parcel Service’s payout ratio is currently 97.62%.

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.