Toronto Dominion Bank lifted its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 52.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 369,597 shares of the transportation company's stock after purchasing an additional 127,734 shares during the period. Toronto Dominion Bank's holdings in United Parcel Service were worth $50,391,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Coldstream Capital Management Inc. raised its position in United Parcel Service by 15.4% in the 3rd quarter. Coldstream Capital Management Inc. now owns 13,027 shares of the transportation company's stock valued at $1,774,000 after purchasing an additional 1,742 shares in the last quarter. Twin Lakes Capital Management LLC increased its stake in shares of United Parcel Service by 0.7% during the third quarter. Twin Lakes Capital Management LLC now owns 15,392 shares of the transportation company's stock worth $2,099,000 after buying an additional 102 shares during the period. First Dallas Securities Inc. raised its holdings in United Parcel Service by 476.9% in the third quarter. First Dallas Securities Inc. now owns 11,417 shares of the transportation company's stock valued at $1,557,000 after acquiring an additional 9,438 shares in the last quarter. Geode Capital Management LLC lifted its stake in United Parcel Service by 2.5% in the third quarter. Geode Capital Management LLC now owns 15,289,624 shares of the transportation company's stock worth $2,080,170,000 after acquiring an additional 373,202 shares during the last quarter. Finally, Savoie Capital LLC grew its holdings in United Parcel Service by 39.0% during the 3rd quarter. Savoie Capital LLC now owns 23,528 shares of the transportation company's stock worth $3,208,000 after acquiring an additional 6,600 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.
Analysts Set New Price Targets
Several research firms have recently issued reports on UPS. Oppenheimer lifted their price objective on shares of United Parcel Service from $140.00 to $146.00 and gave the stock an "outperform" rating in a research report on Monday, October 28th. Evercore ISI upped their price objective on United Parcel Service from $138.00 to $141.00 and gave the stock an "in-line" rating in a research report on Tuesday, October 22nd. Susquehanna raised their target price on United Parcel Service from $135.00 to $140.00 and gave the stock a "neutral" rating in a research report on Friday, October 25th. Wells Fargo & Company upped their price target on United Parcel Service from $134.00 to $142.00 and gave the company an "overweight" rating in a report on Thursday, October 10th. Finally, The Goldman Sachs Group cut their price objective on shares of United Parcel Service from $165.00 to $162.00 and set a "buy" rating on the stock in a report on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, United Parcel Service currently has a consensus rating of "Moderate Buy" and an average target price of $151.29.
Check Out Our Latest Stock Report on United Parcel Service
United Parcel Service Stock Performance
UPS traded down $0.13 during trading on Thursday, hitting $128.99. The stock had a trading volume of 4,979,766 shares, compared to its average volume of 4,187,877. The firm has a market capitalization of $110.08 billion, a P/E ratio of 19.29, a PEG ratio of 2.06 and a beta of 0.98. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82. The company's 50-day moving average price is $133.02 and its 200 day moving average price is $132.88.
United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.13. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The firm had revenue of $22.20 billion during the quarter, compared to analysts' expectations of $22.10 billion. During the same period in the prior year, the company posted $1.57 earnings per share. The firm's revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities research analysts forecast that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.
United Parcel Service Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 5.05%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service's dividend payout ratio is presently 98.49%.
Insiders Place Their Bets
In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the transaction, the insider now directly owns 45,098 shares in the company, valued at approximately $6,249,229.86. This represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by company insiders.
United Parcel Service Company Profile
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Free Report)
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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