Mountain Hill Investment Partners Corp. grew its position in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 81.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,584 shares of the transportation company’s stock after buying an additional 2,963 shares during the quarter. United Parcel Service makes up about 0.6% of Mountain Hill Investment Partners Corp.’s investment portfolio, making the stock its 24th biggest position. Mountain Hill Investment Partners Corp.’s holdings in United Parcel Service were worth $665,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in UPS. Brighton Jones LLC grew its stake in United Parcel Service by 63.8% during the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock worth $1,529,000 after buying an additional 4,723 shares during the last quarter. Golden State Wealth Management LLC grew its stake in United Parcel Service by 61.3% during the first quarter. Golden State Wealth Management LLC now owns 1,576 shares of the transportation company’s stock worth $173,000 after buying an additional 599 shares during the last quarter. Rossby Financial LCC bought a new stake in United Parcel Service during the first quarter worth about $37,000. Private Trust Co. NA grew its stake in United Parcel Service by 19.9% during the first quarter. Private Trust Co. NA now owns 6,227 shares of the transportation company’s stock worth $685,000 after buying an additional 1,033 shares during the last quarter. Finally, Novem Group bought a new stake in United Parcel Service during the first quarter worth about $284,000. 60.26% of the stock is owned by institutional investors.
United Parcel Service Trading Up 1.7%
UPS opened at $96.64 on Friday. The firm’s fifty day moving average is $86.30 and its two-hundred day moving average is $93.04. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.32 and a current ratio of 1.30. The firm has a market cap of $81.91 billion, a PE ratio of 14.94, a price-to-earnings-growth ratio of 2.29 and a beta of 1.10. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $138.67.
United Parcel Service Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were issued a $1.64 dividend. The ex-dividend date was Monday, August 18th. This represents a $6.56 annualized dividend and a yield of 6.8%. United Parcel Service’s dividend payout ratio (DPR) is 101.39%.
Analyst Ratings Changes
Several analysts have weighed in on the stock. Evercore ISI decreased their price objective on shares of United Parcel Service from $103.00 to $97.00 and set an “in-line” rating on the stock in a research note on Wednesday, July 30th. Wells Fargo & Company increased their price target on shares of United Parcel Service from $91.00 to $96.00 and gave the company an “equal weight” rating in a research note on Wednesday. BMO Capital Markets reissued a “market perform” rating and set a $96.00 price target (down from $125.00) on shares of United Parcel Service in a research note on Friday, September 19th. UBS Group increased their price target on shares of United Parcel Service from $110.00 to $113.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Morgan Stanley decreased their price target on shares of United Parcel Service from $80.00 to $75.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, sixteen have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, United Parcel Service has a consensus rating of “Hold” and an average target price of $110.00.
View Our Latest Stock Analysis on United Parcel Service
Insiders Place Their Bets
In other news, Director Christiana Smith Shi bought 500 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were bought at an average cost of $88.17 per share, for a total transaction of $44,085.00. Following the completion of the acquisition, the director owned 500 shares in the company, valued at approximately $44,085. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.13% of the company’s stock.
United Parcel Service 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.
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