TD Asset Management Inc Has $39.19 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Key Points

• TD Asset Management Inc reduced its stake in United Parcel Service (NYSE:UPS) by 3.1%, owning 356,295 shares valued at approximately $39 million after selling 11,537 shares in the first quarter.
• Despite a revenue of $21.20 billion in its latest quarter, UPS's earnings per share (EPS) of $1.55 missed analysts' consensus estimate, marking a decline from $1.79 EPS the previous year.
• The company announced a quarterly dividend of $1.64 per share, with a yield of 7.22% and a payout ratio of approximately 95.63%.

TD Asset Management Inc reduced its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 3.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 356,295 shares of the transportation company's stock after selling 11,537 shares during the quarter. TD Asset Management Inc's holdings in United Parcel Service were worth $39,189,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Graybill Wealth Management LTD. acquired a new stake in United Parcel Service in the first quarter valued at $26,000. Pinney & Scofield Inc. purchased a new position in shares of United Parcel Service in the fourth quarter valued at $27,000. Citizens National Bank Trust Department increased its position in shares of United Parcel Service by 525.0% in the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock valued at $27,000 after buying an additional 210 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new stake in United Parcel Service during the 4th quarter worth about $28,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new stake in United Parcel Service during the 4th quarter worth about $31,000. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Trading Down 1.5%

Shares of NYSE:UPS traded down $1.26 during midday trading on Friday, hitting $84.90. The company had a trading volume of 5,586,109 shares, compared to its average volume of 6,222,887. United Parcel Service, Inc. has a 12 month low of $84.94 and a 12 month high of $145.01. The company has a current ratio of 1.32, a quick ratio of 1.09 and a debt-to-equity ratio of 1.51. The stock has a market cap of $71.89 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 1.51 and a beta of 1.21. The firm has a fifty day simple moving average of $99.53 and a 200 day simple moving average of $106.42.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.01). The business had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%. The business's revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.79 earnings per share. On average, analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were paid a $1.64 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 7.7%. United Parcel Service's dividend payout ratio is currently 97.62%.

Wall Street Analysts Forecast Growth

Several research firms have commented on UPS. UBS Group lowered their price target on United Parcel Service from $124.00 to $118.00 and set a "buy" rating for the company in a report on Wednesday. Morgan Stanley reduced their price objective on United Parcel Service from $80.00 to $75.00 and set an "underweight" rating on the stock in a research note on Wednesday. Daiwa America reduced their price objective on United Parcel Service from $120.00 to $103.00 in a research note on Wednesday, April 30th. Bernstein Bank lifted their price objective on United Parcel Service from $132.00 to $133.00 in a research note on Wednesday, April 30th. Finally, Susquehanna reduced their price objective on United Parcel Service from $110.00 to $100.00 and set a "neutral" rating on the stock in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $112.81.

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.