Bank of Montreal Can Sells 81,000 Shares of United Parcel Service, Inc. (NYSE:UPS)

Bank of Montreal Can lowered its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 7.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,030,200 shares of the transportation company's stock after selling 81,000 shares during the quarter. Bank of Montreal Can owned 0.12% of United Parcel Service worth $129,908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of UPS. Arete Wealth Advisors LLC lifted its holdings in shares of United Parcel Service by 69.0% during the 3rd quarter. Arete Wealth Advisors LLC now owns 19,068 shares of the transportation company's stock valued at $2,591,000 after buying an additional 7,786 shares during the period. Kovitz Investment Group Partners LLC increased its position in United Parcel Service by 85.3% during the third quarter. Kovitz Investment Group Partners LLC now owns 34,272 shares of the transportation company's stock valued at $4,673,000 after acquiring an additional 15,779 shares during the last quarter. EP Wealth Advisors LLC lifted its holdings in United Parcel Service by 20.2% in the third quarter. EP Wealth Advisors LLC now owns 32,376 shares of the transportation company's stock valued at $4,414,000 after acquiring an additional 5,433 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in United Parcel Service by 4.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 443,453 shares of the transportation company's stock worth $60,460,000 after purchasing an additional 20,527 shares during the last quarter. Finally, Groupama Asset Managment grew its stake in shares of United Parcel Service by 1.4% during the 3rd quarter. Groupama Asset Managment now owns 19,695 shares of the transportation company's stock valued at $2,685,000 after purchasing an additional 268 shares during the period. 60.26% of the stock is owned by institutional investors.

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United Parcel Service Price Performance

United Parcel Service stock traded up $0.06 during midday trading on Friday, reaching $96.62. 2,304,450 shares of the stock traded hands, compared to its average volume of 4,786,458. The stock has a market cap of $82.53 billion, a P/E ratio of 14.28, a PEG ratio of 1.55 and a beta of 1.10. The stock's fifty day moving average is $112.40 and its 200-day moving average is $124.21. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $153.42.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating analysts' consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter in the prior year, the company posted $2.47 earnings per share. As a group, equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were issued a $1.64 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This is an increase from United Parcel Service's previous quarterly dividend of $1.63. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.79%. United Parcel Service's payout ratio is 97.04%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Bank of America dropped their price target on shares of United Parcel Service from $133.00 to $129.00 and set a "buy" rating on the stock in a research note on Tuesday, March 25th. Wolfe Research raised United Parcel Service from a "peer perform" rating to an "outperform" rating and set a $147.00 price target for the company in a report on Wednesday, January 8th. Barclays decreased their price objective on United Parcel Service from $100.00 to $90.00 and set an "underweight" rating on the stock in a research note on Monday, March 31st. Susquehanna cut their price objective on United Parcel Service from $130.00 to $120.00 and set a "neutral" rating for the company in a research note on Tuesday, April 1st. Finally, Baird R W cut shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $131.32.

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.