United Parcel Service, Inc. (NYSE:UPS) Position Reduced by Toronto Dominion Bank

Toronto Dominion Bank decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 44.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 240,352 shares of the transportation company’s stock after selling 189,172 shares during the period. Toronto Dominion Bank’s holdings in United Parcel Service were worth $35,724,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tennessee Valley Asset Management Partners bought a new position in shares of United Parcel Service in the fourth quarter valued at $26,000. Life Planning Partners Inc bought a new position in shares of United Parcel Service in the fourth quarter valued at $28,000. Northwest Financial Advisors bought a new position in shares of United Parcel Service in the fourth quarter valued at $28,000. Pineridge Advisors LLC bought a new position in shares of United Parcel Service in the fourth quarter valued at $31,000. Finally, Bourgeon Capital Management LLC bought a new position in shares of United Parcel Service in the fourth quarter valued at $31,000. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Up 1.4 %

NYSE:UPS traded up $1.77 during trading hours on Friday, reaching $128.85. The company’s stock had a trading volume of 7,269,922 shares, compared to its average volume of 4,232,432. The company has a market cap of $110.24 billion, a price-to-earnings ratio of 18.67, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98. United Parcel Service, Inc. has a one year low of $124.80 and a one year high of $189.65. The business’s 50-day moving average is $137.64 and its 200-day moving average is $145.69. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.04.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). The business had revenue of $21.82 billion during the quarter, compared to the consensus estimate of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.54 earnings per share. Equities research analysts predict that United Parcel Service, Inc. will post 8.02 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Monday, May 13th were given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 5.06%. The ex-dividend date of this dividend was Friday, May 10th. United Parcel Service’s dividend payout ratio is 94.49%.

Insider Buying and Selling at United Parcel Service

In other news, Director William R. Johnson purchased 5,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was bought at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the acquisition, the director now directly owns 5,160 shares of the company’s stock, valued at $663,627.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on UPS. Baird R W raised United Parcel Service to a “strong-buy” rating in a report on Wednesday. Bank of America lowered their price objective on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a research report on Monday. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of United Parcel Service from $183.00 to $179.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. Stephens lowered their price objective on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, Oppenheimer lowered their price objective on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $154.95.

United Parcel Service Profile

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.