TD Asset Management Inc Acquires 33,575 Shares of United Parcel Service, Inc. $UPS

TD Asset Management Inc boosted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 9.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 397,182 shares of the transportation company’s stock after acquiring an additional 33,575 shares during the quarter. TD Asset Management Inc’s holdings in United Parcel Service were worth $39,396,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Coston McIsaac & Partners lifted its position in shares of United Parcel Service by 77.8% during the 4th quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock worth $27,000 after buying an additional 119 shares in the last quarter. Torren Management LLC bought a new position in shares of United Parcel Service during the 4th quarter worth approximately $29,000. Winch Advisory Services LLC lifted its position in shares of United Parcel Service by 37.3% during the 3rd quarter. Winch Advisory Services LLC now owns 456 shares of the transportation company’s stock worth $38,000 after buying an additional 124 shares in the last quarter. Activest Wealth Management lifted its position in shares of United Parcel Service by 144.3% during the 4th quarter. Activest Wealth Management now owns 408 shares of the transportation company’s stock worth $40,000 after buying an additional 241 shares in the last quarter. Finally, Elyxium Wealth LLC bought a new position in shares of United Parcel Service during the 4th quarter worth approximately $40,000. Institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on UPS shares. Susquehanna lifted their target price on shares of United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Citigroup lifted their target price on shares of United Parcel Service from $118.00 to $127.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. UBS Group dropped their target price on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Weiss Ratings cut shares of United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Finally, Evercore dropped their target price on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $111.50.

United Parcel Service Trading Down 1.4%

NYSE:UPS opened at $108.65 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $92.35 billion, a PE ratio of 17.58, a price-to-earnings-growth ratio of 1.73 and a beta of 1.05. The firm’s 50 day moving average is $102.18 and its 200 day moving average is $103.56. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $122.41.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. The company had revenue of $21.20 billion for the quarter, compared to analysts’ expectations of $20.99 billion. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. United Parcel Service’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.49 EPS. Sell-side analysts expect that United Parcel Service, Inc. will post 7.1 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, May 18th were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend was Monday, May 18th. United Parcel Service’s payout ratio is 106.15%.

United Parcel Service Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.