Toronto Dominion Bank Has $50.39 Million Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Toronto Dominion Bank lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 52.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 369,597 shares of the transportation company’s stock after buying an additional 127,734 shares during the period. Toronto Dominion Bank’s holdings in United Parcel Service were worth $50,391,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Coldstream Capital Management Inc. increased its position in shares of United Parcel Service by 15.4% during the third quarter. Coldstream Capital Management Inc. now owns 13,027 shares of the transportation company’s stock valued at $1,774,000 after buying an additional 1,742 shares during the period. Twin Lakes Capital Management LLC grew its stake in shares of United Parcel Service by 0.7% in the third quarter. Twin Lakes Capital Management LLC now owns 15,392 shares of the transportation company’s stock worth $2,099,000 after acquiring an additional 102 shares during the last quarter. First Dallas Securities Inc. increased its stake in United Parcel Service by 476.9% during the 3rd quarter. First Dallas Securities Inc. now owns 11,417 shares of the transportation company’s stock valued at $1,557,000 after purchasing an additional 9,438 shares in the last quarter. Geode Capital Management LLC grew its position in United Parcel Service by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 15,289,624 shares of the transportation company’s stock worth $2,080,170,000 after purchasing an additional 373,202 shares during the period. Finally, Savoie Capital LLC increased its holdings in United Parcel Service by 39.0% during the third quarter. Savoie Capital LLC now owns 23,528 shares of the transportation company’s stock valued at $3,208,000 after buying an additional 6,600 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Down 0.8 %

UPS opened at $129.12 on Thursday. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82. The stock has a market capitalization of $110.19 billion, a price-to-earnings ratio of 19.50, a P/E/G ratio of 2.06 and a beta of 0.98. The business has a 50 day moving average of $133.10 and a 200-day moving average of $132.90. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The firm had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.10 billion. During the same period in the prior year, the business posted $1.57 earnings per share. The business’s revenue was up 5.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 5.05%. The ex-dividend date was Monday, November 18th. United Parcel Service’s dividend payout ratio is presently 98.49%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Oppenheimer boosted their target price on shares of United Parcel Service from $140.00 to $146.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. JPMorgan Chase & Co. cut their price objective on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Argus raised United Parcel Service from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. StockNews.com upgraded United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Finally, UBS Group upped their target price on United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $151.29.

Insider Activity at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the sale, the insider now directly owns 45,098 shares in the company, valued at $6,249,229.86. This represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is owned by company insiders.

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.