Bank of Nova Scotia Has $27.61 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Bank of Nova Scotia boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPSFree Report) by 29.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 175,594 shares of the transportation company’s stock after purchasing an additional 39,890 shares during the quarter. Bank of Nova Scotia’s holdings in United Parcel Service were worth $27,608,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its position in shares of United Parcel Service by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 15,889,570 shares of the transportation company’s stock valued at $2,456,055,000 after acquiring an additional 628,944 shares during the period. International Assets Investment Management LLC boosted its position in shares of United Parcel Service by 15,631.2% in the fourth quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock valued at $2,280,190,000 after acquiring an additional 14,410,073 shares during the period. Wellington Management Group LLP boosted its position in shares of United Parcel Service by 31.7% in the third quarter. Wellington Management Group LLP now owns 9,677,202 shares of the transportation company’s stock valued at $1,508,385,000 after acquiring an additional 2,331,875 shares during the period. Franklin Resources Inc. boosted its position in shares of United Parcel Service by 11.4% in the fourth quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock valued at $1,510,517,000 after acquiring an additional 980,317 shares during the period. Finally, Northern Trust Corp boosted its position in shares of United Parcel Service by 0.4% in the third quarter. Northern Trust Corp now owns 8,411,989 shares of the transportation company’s stock valued at $1,311,177,000 after acquiring an additional 31,533 shares during the period. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Up 1.5 %

NYSE UPS traded up $2.07 on Friday, reaching $138.93. The company had a trading volume of 5,887,429 shares, compared to its average volume of 2,852,075. The stock has a market capitalization of $118.86 billion, a P/E ratio of 20.13, a P/E/G ratio of 1.76 and a beta of 1.05. The company’s fifty day moving average is $146.15 and its 200 day moving average is $150.75. United Parcel Service, Inc. has a 52-week low of $133.58 and a 52-week high of $192.98. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 1.11.

United Parcel Service (NYSE:UPSGet Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.10. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The company had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.84 billion. During the same quarter in the prior year, the company earned $2.20 EPS. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year. Sell-side analysts anticipate that United Parcel Service, Inc. will post 8.22 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Monday, May 13th were paid a $1.63 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $6.52 annualized dividend and a yield of 4.69%. United Parcel Service’s dividend payout ratio is currently 94.49%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on UPS shares. Deutsche Bank Aktiengesellschaft cut their target price on United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. BMO Capital Markets boosted their target price on United Parcel Service from $165.00 to $169.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 24th. Morgan Stanley boosted their target price on United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a research note on Wednesday, March 27th. JPMorgan Chase & Co. reduced their price target on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating on the stock in a report on Tuesday, April 9th. Finally, Evercore ISI restated an “in-line” rating and set a $154.00 price target on shares of United Parcel Service in a report on Wednesday, March 27th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $165.23.

View Our Latest Report on United Parcel Service

United Parcel Service Company Profile

(Free Report)

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.

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

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