TD Private Client Wealth LLC Has $618,000 Stock Position in United Parcel Service, Inc. $UPS

by · The Markets Daily

TD Private Client Wealth LLC lowered its stake in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 77.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,399 shares of the transportation company’s stock after selling 25,965 shares during the quarter. TD Private Client Wealth LLC’s holdings in United Parcel Service were worth $618,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of United Parcel Service in the second quarter worth $851,842,000. Laurel Wealth Advisors LLC grew its holdings in shares of United Parcel Service by 11,517.3% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 2,503,413 shares of the transportation company’s stock valued at $252,695,000 after acquiring an additional 2,481,864 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of United Parcel Service by 78.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 4,086,862 shares of the transportation company’s stock worth $412,528,000 after acquiring an additional 1,799,882 shares during the last quarter. Invesco Ltd. raised its holdings in shares of United Parcel Service by 45.4% during the second quarter. Invesco Ltd. now owns 5,730,804 shares of the transportation company’s stock worth $578,467,000 after acquiring an additional 1,789,467 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of United Parcel Service by 443.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,549,962 shares of the transportation company’s stock valued at $156,453,000 after buying an additional 1,264,842 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Down 1.6%

Shares of NYSE UPS opened at $106.89 on Friday. The company’s 50 day simple moving average is $99.20 and its 200 day simple moving average is $93.32. The firm has a market capitalization of $90.68 billion, a P/E ratio of 16.52, a P/E/G ratio of 2.36 and a beta of 1.11. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.30 and a quick ratio of 1.30. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $136.99.

United Parcel Service (NYSE:UPS – Get Free Report) last announced its quarterly earnings results on Tuesday, October 28th. The transportation company reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.43. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.The company had revenue of $21.42 billion during the quarter, compared to analysts’ expectations of $20.94 billion. During the same period in the prior year, the business posted $1.76 EPS. United Parcel Service’s revenue was down 3.7% on a year-over-year basis. On average, analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, November 17th were given a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.1%. United Parcel Service’s dividend payout ratio (DPR) is currently 101.39%.

Analysts Set New Price Targets

Several equities analysts have weighed in on UPS shares. Truist Financial raised their target price on United Parcel Service from $100.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Stifel Nicolaus raised their price target on United Parcel Service from $110.00 to $112.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. BNP Paribas Exane lowered United Parcel Service from a “neutral” rating to an “underperform” rating and set a $85.00 price target for the company. in a report on Tuesday. Wells Fargo & Company boosted their price target on United Parcel Service from $91.00 to $96.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of United Parcel Service in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $111.42.

Check Out Our Latest Analysis on United Parcel Service

United Parcel Service Profile

(Free Report)

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.

Further Reading

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