TD Waterhouse Canada Inc. lifted its stake in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 7.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,232 shares of the transportation company’s stock after acquiring an additional 2,141 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in United Parcel Service were worth $3,070,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of UPS. VSM Wealth Advisory LLC lifted its holdings in United Parcel Service by 40.7% in the 2nd quarter. VSM Wealth Advisory LLC now owns 619 shares of the transportation company’s stock worth $63,000 after purchasing an additional 179 shares during the last quarter. Bedell Frazier Investment Counselling LLC bought a new stake in shares of United Parcel Service during the 2nd quarter worth $208,000. Inspire Advisors LLC grew its stake in United Parcel Service by 41.5% in the 2nd quarter. Inspire Advisors LLC now owns 39,290 shares of the transportation company’s stock valued at $3,966,000 after buying an additional 11,520 shares during the last quarter. United Advisor Group LLC grew its stake in United Parcel Service by 1.8% in the 2nd quarter. United Advisor Group LLC now owns 64,389 shares of the transportation company’s stock valued at $6,499,000 after buying an additional 1,123 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in United Parcel Service by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 66,905,138 shares of the transportation company’s stock worth $6,753,405,000 after acquiring an additional 768,912 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.
United Parcel Service Price Performance
Shares of UPS stock opened at $94.54 on Friday. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $138.67. The stock has a market capitalization of $80.21 billion, a PE ratio of 14.61, a PEG ratio of 2.29 and a beta of 1.11. 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 stock’s fifty day moving average is $88.78 and its 200-day moving average is $92.82.
United Parcel Service Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Monday, November 17th will be paid a $1.64 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $6.56 annualized dividend and a yield of 6.9%. United Parcel Service’s dividend payout ratio is presently 101.39%.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on UPS. Deutsche Bank Aktiengesellschaft cut their price objective on United Parcel Service from $100.00 to $88.00 and set a “hold” rating for the company in a research report on Thursday, October 2nd. Wall Street Zen upgraded United Parcel Service from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Truist Financial raised their price objective on shares of United Parcel Service from $100.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Morgan Stanley dropped their target price on shares of United Parcel Service from $80.00 to $75.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 30th. Finally, Bank of America reduced their price target on shares of United Parcel Service from $83.00 to $81.00 and set an “underperform” rating for the company in a report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $110.00.
Read Our Latest Analysis on UPS
United Parcel Service Company 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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