Toronto Dominion Bank Sells 27,522 Shares of United Parcel Service, Inc. (NYSE:UPS)
Toronto Dominion Bank decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 5.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 484,207 shares of the transportation company’s stock after selling 27,522 shares during the period. Toronto Dominion Bank owned approximately 0.06% of United Parcel Service worth $49,991,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC grew its stake in shares of United Parcel Service by 19.5% in the first quarter. FMR LLC now owns 14,645,570 shares of the transportation company’s stock valued at $1,636,496,000 after acquiring an additional 2,391,075 shares in the last quarter. Boston Partners boosted its holdings in United Parcel Service by 83.7% in the 1st quarter. Boston Partners now owns 3,475,242 shares of the transportation company’s stock valued at $388,323,000 after purchasing an additional 1,583,923 shares during the period. Atria Investments LLC grew its position in shares of United Parcel Service by 4,982.4% during the 2nd quarter. Atria Investments LLC now owns 1,097,035 shares of the transportation company’s stock worth $89,057,000 after purchasing an additional 1,075,450 shares in the last quarter. Biltmore Capital Advisors LLC acquired a new position in shares of United Parcel Service during the 1st quarter worth approximately $96,213,000. Finally, Geode Capital Management LLC increased its holdings in shares of United Parcel Service by 7.9% during the fourth quarter. Geode Capital Management LLC now owns 8,008,476 shares of the transportation company’s stock worth $779,687,000 after purchasing an additional 585,738 shares during the period. 55.57% of the stock is owned by institutional investors.
NYSE:UPS traded down $0.42 during mid-day trading on Wednesday, reaching $121.98. The stock had a trading volume of 1,250,359 shares, compared to its average volume of 2,674,166. United Parcel Service, Inc. has a 12 month low of $89.89 and a 12 month high of $124.94. The stock has a market capitalization of $104.47 billion, a PE ratio of 16.85, a P/E/G ratio of 1.85 and a beta of 1.23. The company has a debt-to-equity ratio of 4.62, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a 50-day simple moving average of $116.77 and a two-hundred day simple moving average of $108.16.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Monday, August 19th were issued a dividend of $0.96 per share. The ex-dividend date was Friday, August 16th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.15%. United Parcel Service’s dividend payout ratio (DPR) is currently 53.04%.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating and set a $101.00 price target for the company in a research report on Thursday, May 23rd. Stifel Nicolaus downgraded United Parcel Service from a “buy” rating to a “hold” rating and set a $118.00 price target on the stock. in a research report on Monday, July 29th. Bank of America increased their price target on United Parcel Service from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday. Berenberg Bank restated a “buy” rating on shares of United Parcel Service in a research note on Friday, July 26th. Finally, Goldman Sachs Group initiated coverage on United Parcel Service in a report on Wednesday, July 10th. They issued a “buy” rating and a $123.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. United Parcel Service currently has an average rating of “Hold” and an average price target of $119.72.
United Parcel Service Company Profile
United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
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