United Parcel Service, Inc. (UPS) Stake Lifted by Toronto Dominion Bank

Toronto Dominion Bank lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 11.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 267,617 shares of the transportation company’s stock after acquiring an additional 27,933 shares during the quarter. Toronto Dominion Bank’s holdings in United Parcel Service were worth $32,136,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of UPS. Marco Investment Management LLC increased its stake in shares of United Parcel Service by 1.7% during the first quarter. Marco Investment Management LLC now owns 133,579 shares of the transportation company’s stock worth $14,333,000 after acquiring an additional 2,200 shares during the period. Princeton Portfolio Strategies Group LLC grew its position in United Parcel Service by 1.0% during the first quarter. Princeton Portfolio Strategies Group LLC now owns 14,849 shares of the transportation company’s stock worth $1,593,000 after buying an additional 150 shares during the period. Fifth Third Bancorp grew its position in United Parcel Service by 12.8% during the first quarter. Fifth Third Bancorp now owns 46,769 shares of the transportation company’s stock worth $5,018,000 after buying an additional 5,324 shares during the period. CWA Asset Management Group LLC grew its position in United Parcel Service by 20.1% during the first quarter. CWA Asset Management Group LLC now owns 11,798 shares of the transportation company’s stock worth $1,266,000 after buying an additional 1,971 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its position in United Parcel Service by 5.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 24,295,470 shares of the transportation company’s stock worth $2,606,905,000 after buying an additional 1,246,981 shares during the period. Institutional investors and hedge funds own 53.49% of the company’s stock.

United Parcel Service, Inc. (NYSE UPS) opened at $119.05 on Friday. The company has a debt-to-equity ratio of 9.33, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market cap of $102,614.80, a P/E ratio of 29.18, a P/E/G ratio of 2.14 and a beta of 0.92. United Parcel Service, Inc. has a one year low of $102.12 and a one year high of $125.16.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, October 26th. The transportation company reported $1.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.45. The business had revenue of $15.98 billion for the quarter, compared to the consensus estimate of $15.62 billion. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.44 earnings per share. research analysts forecast that United Parcel Service, Inc. will post 6.01 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Monday, November 13th were paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 2.79%. The ex-dividend date was Friday, November 10th. United Parcel Service’s payout ratio is 81.37%.

Several research analysts have weighed in on UPS shares. Zacks Investment Research upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $133.00 target price on the stock in a research report on Friday, October 6th. Oppenheimer restated a “buy” rating and set a $123.00 target price (up from $116.00) on shares of United Parcel Service in a research report on Wednesday, September 20th. Goldman Sachs Group started coverage on shares of United Parcel Service in a research report on Monday, November 13th. They set a “buy” rating and a $148.00 target price on the stock. Deutsche Bank upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and upped their target price for the stock from $125.00 to $135.00 in a research report on Monday, December 4th. Finally, Loop Capital upped their target price on shares of United Parcel Service from $120.00 to $128.00 and gave the stock a “hold” rating in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $121.39.

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United Parcel Service Company Profile

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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