United Parcel Service, Inc. (NYSE:UPS) Stock Holdings Lessened by TD Private Client Wealth LLC

TD Private Client Wealth LLC reduced its holdings in United Parcel Service, Inc. (NYSE:UPS) by 21.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 13,169 shares of the transportation company’s stock after selling 3,643 shares during the quarter. TD Private Client Wealth LLC’s holdings in United Parcel Service were worth $1,661,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Principal Financial Group Inc. lifted its position in United Parcel Service by 4.3% in the 3rd quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company’s stock valued at $113,064,000 after purchasing an additional 33,989 shares during the last quarter. Onyx Bridge Wealth Group LLC bought a new stake in United Parcel Service in the 4th quarter valued at about $461,000. Synovus Financial Corp lifted its position in United Parcel Service by 8.6% in the 3rd quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company’s stock valued at $11,934,000 after purchasing an additional 6,941 shares during the last quarter. HF Advisory Group LLC bought a new stake in United Parcel Service in the 4th quarter valued at about $1,305,000. Finally, Allspring Global Investments Holdings LLC lifted its position in United Parcel Service by 27.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company’s stock valued at $16,304,000 after purchasing an additional 28,108 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on UPS. StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. dropped their price target on shares of United Parcel Service from $135.00 to $120.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Raymond James dropped their price target on shares of United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating on the stock in a research report on Friday, January 31st. Truist Financial assumed coverage on shares of United Parcel Service in a research report on Thursday, March 13th. They set a “buy” rating and a $140.00 price target on the stock. Finally, BMO Capital Markets upgraded shares of United Parcel Service from a “market perform” rating to an “outperform” rating and dropped their price target for the stock from $155.00 to $150.00 in a research report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, United Parcel Service presently has a consensus rating of “Moderate Buy” and an average price target of $138.09.

United Parcel Service Stock Performance

United Parcel Service stock opened at $115.25 on Friday. The firm’s 50 day simple moving average is $120.13 and its 200-day simple moving average is $127.01. The company has a market cap of $98.44 billion, a P/E ratio of 17.05, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. United Parcel Service, Inc. has a fifty-two week low of $109.40 and a fifty-two week high of $157.99.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same quarter in the prior year, the firm earned $2.47 EPS. As a group, equities research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were paid a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 5.69%. The ex-dividend date was Tuesday, February 18th. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio is currently 97.04%.

United Parcel Service Company 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.