National Bank of Canada FI Raises Stock Position in United Parcel Service, Inc. (NYSE:UPS)

National Bank of Canada FI boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 8.4% in the second quarter, HoldingsChannel.com reports. The fund owned 370,842 shares of the transportation company’s stock after purchasing an additional 28,818 shares during the period. National Bank of Canada FI’s holdings in United Parcel Service were worth $50,381,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. First Dallas Securities Inc. raised its position in shares of United Parcel Service by 6.8% during the 2nd quarter. First Dallas Securities Inc. now owns 1,979 shares of the transportation company’s stock worth $271,000 after purchasing an additional 126 shares during the last quarter. Nicholas Hoffman & Company LLC. increased its stake in United Parcel Service by 0.5% during the 2nd quarter. Nicholas Hoffman & Company LLC. now owns 15,837 shares of the transportation company’s stock worth $2,167,000 after buying an additional 79 shares in the last quarter. Journey Advisory Group LLC raised its holdings in shares of United Parcel Service by 114.5% during the second quarter. Journey Advisory Group LLC now owns 3,376 shares of the transportation company’s stock valued at $462,000 after acquiring an additional 1,802 shares during the last quarter. Impact Partnership Wealth LLC lifted its position in shares of United Parcel Service by 19.7% in the second quarter. Impact Partnership Wealth LLC now owns 7,163 shares of the transportation company’s stock valued at $980,000 after acquiring an additional 1,179 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators boosted its stake in shares of United Parcel Service by 3.6% in the second quarter. Deseret Mutual Benefit Administrators now owns 4,148 shares of the transportation company’s stock worth $568,000 after acquiring an additional 146 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. UBS Group reduced their price objective on United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Barclays decreased their price target on shares of United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Stephens dropped their price objective on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Oppenheimer cut their price objective on shares of United Parcel Service from $157.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Finally, Susquehanna lowered their target price on United Parcel Service from $160.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $151.20.

United Parcel Service Stock Performance

Shares of UPS stock opened at $127.40 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market cap of $109.13 billion, a P/E ratio of 18.46, a P/E/G ratio of 1.89 and a beta of 0.99. The firm’s 50 day moving average price is $131.77 and its 200-day moving average price is $140.83. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $164.25.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.20). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The firm had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. During the same quarter last year, the company earned $2.54 earnings per share. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. As a group, equities research analysts predict that United Parcel Service, Inc. will post 7.43 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 5.12%. The ex-dividend date was Monday, August 19th. United Parcel Service’s dividend payout ratio is currently 94.49%.

Insiders Place Their Bets

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were purchased at an average cost of $128.61 per share, with a total value of $643,050.00. Following the purchase, the director now directly owns 5,160 shares in the company, valued at $663,627.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

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.