United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by TD Private Client Wealth LLC

TD Private Client Wealth LLC boosted its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 142.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,957 shares of the transportation company's stock after acquiring an additional 18,788 shares during the period. TD Private Client Wealth LLC's holdings in United Parcel Service were worth $3,515,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IMG Wealth Management Inc. purchased a new stake in United Parcel Service in the 4th quarter valued at $25,000. Generali Investments Management Co LLC purchased a new stake in United Parcel Service in the 4th quarter valued at $26,000. Pinney & Scofield Inc. purchased a new stake in United Parcel Service in the 4th quarter valued at $27,000. Fourth Dimension Wealth LLC purchased a new stake in United Parcel Service in the 4th quarter valued at $28,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in United Parcel Service in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Price Performance

UPS traded down $1.63 during trading hours on Friday, hitting $101.29. The company's stock had a trading volume of 4,337,400 shares, compared to its average volume of 5,255,610. The business's 50-day moving average price is $99.42 and its 200-day moving average price is $109.05. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $148.15. The stock has a market cap of $85.77 billion, a price-to-earnings ratio of 14.77, a P/E/G ratio of 1.98 and a beta of 1.21. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.11. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The company had revenue of $21.50 billion for the quarter, compared to analysts' expectations of $21.25 billion. During the same quarter in the previous year, the business posted $1.43 earnings per share. United Parcel Service's quarterly revenue was down .9% on a year-over-year basis. Sell-side analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 6.48%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's payout ratio is 95.63%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on UPS shares. Wolfe Research dropped their price objective on shares of United Parcel Service from $133.00 to $113.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Galvan Research dropped their price objective on shares of United Parcel Service from $147.00 to $133.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Raymond James Financial dropped their price objective on shares of United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, April 9th. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $98.00 price target (down from $120.00) on shares of United Parcel Service in a research note on Tuesday, April 22nd. Finally, UBS Group reduced their price objective on shares of United Parcel Service from $128.00 to $124.00 and set a "buy" rating for the company in a research note on Wednesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service currently has an average rating of "Hold" and an average target price of $119.13.

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.