TD Private Client Wealth LLC Grows Stake in United Parcel Service, Inc. (NYSE:UPS)

TD Private Client Wealth LLC increased its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 142.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,957 shares of the transportation company's stock after buying an additional 18,788 shares during the quarter. TD Private Client Wealth LLC's holdings in United Parcel Service were worth $3,515,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new stake in shares of United Parcel Service during the 4th quarter valued at $1,075,393,000. Franklin Resources Inc. increased its holdings in shares of United Parcel Service by 15.6% during the 4th quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock worth $1,384,567,000 after purchasing an additional 1,484,452 shares during the period. Castlekeep Investment Advisors LLC bought a new stake in shares of United Parcel Service during the fourth quarter valued at approximately $145,846,000. Price T Rowe Associates Inc. MD boosted its position in shares of United Parcel Service by 19.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,463,930 shares of the transportation company's stock valued at $815,102,000 after acquiring an additional 1,064,293 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of United Parcel Service by 316.7% in the 4th quarter. Janus Henderson Group PLC now owns 1,122,886 shares of the transportation company's stock worth $141,581,000 after buying an additional 853,388 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

United Parcel Service Stock Down 0.0%

United Parcel Service stock traded down $0.04 during mid-day trading on Wednesday, reaching $102.34. 4,565,721 shares of the company were exchanged, compared to its average volume of 5,248,798. The business has a fifty day moving average of $99.02 and a 200 day moving average of $109.43. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $148.15. The firm has a market cap of $86.66 billion, a P/E ratio of 14.92, a PEG ratio of 1.96 and a beta of 1.21.

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

United Parcel Service Dividend Announcement

The company 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 of this dividend was Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.41%. United Parcel Service's dividend payout ratio is currently 95.63%.

Analyst Ratings Changes

A number of brokerages have commented on UPS. Susquehanna decreased their price objective on shares of United Parcel Service from $120.00 to $110.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. BNP Paribas upgraded shares of United Parcel Service to a "hold" rating in a report on Thursday, July 3rd. Truist Financial reduced their price target on United Parcel Service from $140.00 to $130.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Barclays lowered their price objective on United Parcel Service from $100.00 to $90.00 and set an "underweight" rating on the stock in a research report on Monday, March 31st. Finally, HSBC cut shares of United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price objective for the company. in a research report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $119.13.

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.