TD Waterhouse Canada Inc. decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 54.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,464 shares of the transportation company’s stock after selling 15,777 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in United Parcel Service were worth $1,475,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Barlow Wealth Partners LLC boosted its stake in United Parcel Service by 22.7% in the 2nd quarter. Barlow Wealth Partners LLC now owns 3,249 shares of the transportation company’s stock worth $357,000 after buying an additional 600 shares during the last quarter. Concurrent Investment Advisors LLC increased its stake in shares of United Parcel Service by 19.0% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 144,972 shares of the transportation company’s stock valued at $15,584,000 after acquiring an additional 23,123 shares during the last quarter. NEOS Investment Management LLC lifted its holdings in shares of United Parcel Service by 14.2% during the 2nd quarter. NEOS Investment Management LLC now owns 121,112 shares of the transportation company’s stock worth $13,020,000 after acquiring an additional 15,021 shares during the period. Strengthening Families & Communities LLC lifted its holdings in shares of United Parcel Service by 3.4% during the 2nd quarter. Strengthening Families & Communities LLC now owns 17,149 shares of the transportation company’s stock worth $1,844,000 after acquiring an additional 562 shares during the period. Finally, Continuum Advisory LLC boosted its position in shares of United Parcel Service by 14.0% in the second quarter. Continuum Advisory LLC now owns 8,039 shares of the transportation company’s stock worth $864,000 after acquiring an additional 990 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.
United Parcel Service Stock Performance
Shares of NYSE:UPS opened at $100.55 on Wednesday. The business’s 50-day simple moving average is $107.53 and its 200 day simple moving average is $105.19. The company has a market cap of $85.55 billion, a P/E ratio of 18.69, a PEG ratio of 1.83 and a beta of 1.06. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.18 and a current ratio of 1.18. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $122.41.
United Parcel Service Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Monday, August 17th were issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend was Monday, August 17th. United Parcel Service’s dividend payout ratio (DPR) is presently 121.93%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus boosted their target price on shares of United Parcel Service from $114.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Sanford C. Bernstein lifted their price target on shares of United Parcel Service from $130.00 to $133.00 and gave the company an “outperform” rating in a report on Tuesday, July 21st. UBS Group boosted their price objective on shares of United Parcel Service from $123.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Oppenheimer upped their price objective on United Parcel Service from $115.00 to $117.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Finally, Citizens Jmp began coverage on United Parcel Service in a research report on Wednesday, July 15th. They issued a “market perform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, United Parcel Service currently has a consensus rating of “Hold” and a consensus price target of $117.41.
View Our Latest Stock Analysis on UPS
United Parcel Service Profile
United Parcel Service, Inc (NYSE: UPS) is a global package delivery and logistics company that provides transportation, distribution and supply-chain services. Its offerings include time-definite delivery of packages and documents, ground and air transportation, international shipping, freight services, customs brokerage and logistics management.
UPS serves businesses and consumers in the United States and across international markets, connecting customers in more than 200 countries and territories.
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