TD Asset Management Inc Purchases 4,885 Shares of United Parcel Service, Inc. $UPS

Key Points

• TD Asset Management Inc increased its stake in United Parcel Service, Inc. by 1.4%, acquiring an additional 4,885 shares, bringing its total holdings to 361,180 shares valued at approximately $36.46 million.
• United Parcel Service announced a quarterly dividend of $1.64 per share, yielding 7.7%, with a dividend payout ratio of 97.62% as of the latest reporting period.
• Several analysts have reduced their price targets for UPS, with Truist Financial lowering it from $130.00 to $120.00 while maintaining a "buy" rating, indicating a cautious outlook on the stock's performance.

TD Asset Management Inc boosted its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 1.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 361,180 shares of the transportation company's stock after acquiring an additional 4,885 shares during the period. TD Asset Management Inc's holdings in United Parcel Service were worth $36,458,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in UPS. Brighton Jones LLC boosted its holdings in United Parcel Service by 63.8% during the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company's stock worth $1,529,000 after buying an additional 4,723 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in United Parcel Service by 95.1% during the first quarter. Ritholtz Wealth Management now owns 4,531 shares of the transportation company's stock worth $498,000 after buying an additional 2,209 shares during the last quarter. Inscription Capital LLC bought a new position in United Parcel Service during the first quarter worth about $150,000. Robertson Stephens Wealth Management LLC boosted its holdings in United Parcel Service by 4.8% during the first quarter. Robertson Stephens Wealth Management LLC now owns 5,671 shares of the transportation company's stock worth $624,000 after buying an additional 262 shares during the last quarter. Finally, Clarius Group LLC boosted its holdings in United Parcel Service by 6.4% during the first quarter. Clarius Group LLC now owns 2,748 shares of the transportation company's stock worth $302,000 after buying an additional 165 shares during the last quarter. Institutional investors own 60.26% of the company's stock.

United Parcel Service Stock Up 1.9%

Shares of United Parcel Service stock opened at $85.66 on Friday. The business's 50 day simple moving average is $85.59 and its 200 day simple moving average is $93.73. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $145.01. The firm has a market cap of $72.60 billion, a PE ratio of 12.75, a P/E/G ratio of 1.56 and a beta of 1.10. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32.

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

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 7.7%. The ex-dividend date was Monday, August 18th. United Parcel Service's dividend payout ratio (DPR) is currently 97.62%.

Analysts Set New Price Targets

UPS has been the topic of a number of recent analyst reports. Truist Financial reduced their target price on United Parcel Service from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Wednesday, July 30th. Barclays dropped their price target on United Parcel Service from $90.00 to $80.00 and set an "underweight" rating on the stock in a research report on Thursday, July 31st. UBS Group dropped their price target on United Parcel Service from $118.00 to $110.00 and set a "buy" rating on the stock in a research report on Friday, October 3rd. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of United Parcel Service in a research report on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on United Parcel Service from $100.00 to $88.00 and set a "hold" rating on the stock in a research report on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $109.31.

Insider Buying and Selling at United Parcel Service

In related news, Director William R. Johnson purchased 5,000 shares of the firm's stock in a transaction on Thursday, July 31st. The stock was purchased at an average cost of $86.50 per share, for a total transaction of $432,500.00. Following the completion of the purchase, the director directly owned 10,160 shares in the company, valued at $878,840. This trade represents a 96.90% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christiana Smith Shi purchased 500 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was bought at an average price of $88.17 per share, with a total value of $44,085.00. Following the completion of the purchase, the director owned 500 shares of the company's stock, valued at approximately $44,085. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 17,182 shares of company stock worth $1,477,382 over the last ninety days. 0.13% of the stock is currently owned by corporate insiders.

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.

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