National Bank of Canada FI Raises Stake in United Parcel Service, Inc. $UPS

National Bank of Canada FI raised its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 174.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 645,297 shares of the transportation company’s stock after acquiring an additional 409,878 shares during the period. National Bank of Canada FI’s holdings in United Parcel Service were worth $65,130,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Evelyn Partners Investment Management Europe Ltd raised its position in United Parcel Service by 110.1% in the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock worth $25,000 after purchasing an additional 131 shares during the period. Mid American Wealth Advisory Group Inc. purchased a new stake in United Parcel Service during the second quarter valued at about $26,000. Saudi Central Bank bought a new position in shares of United Parcel Service during the first quarter valued at about $32,000. Flaharty Asset Management LLC purchased a new position in shares of United Parcel Service in the first quarter worth about $33,000. Finally, RMG Wealth Management LLC bought a new stake in shares of United Parcel Service in the 2nd quarter valued at about $34,000. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Stock Performance

NYSE:UPS opened at $100.91 on Monday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.50. The firm’s fifty day simple moving average is $92.40 and its 200 day simple moving average is $92.65. The stock has a market cap of $85.61 billion, a P/E ratio of 15.60, a price-to-earnings-growth ratio of 2.41 and a beta of 1.11. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $136.99.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.74 EPS for the quarter, topping the consensus estimate of $1.31 by $0.43. United Parcel Service had a net margin of 6.15% and a return on equity of 40.07%. The business had revenue of $21.42 billion during the quarter, compared to analyst estimates of $20.94 billion. During the same period in the prior year, the business earned $1.76 EPS. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. As a group, research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Monday, November 17th were issued a $1.64 dividend. The ex-dividend date was Monday, November 17th. This represents a $6.56 annualized dividend and a yield of 6.5%. United Parcel Service’s dividend payout ratio (DPR) is 101.39%.

Analyst Ratings Changes

Several research firms recently issued reports on UPS. Stephens upgraded United Parcel Service to a “hold” rating in a research report on Wednesday, October 29th. BMO Capital Markets restated a “market perform” rating and issued a $96.00 target price (down previously from $125.00) on shares of United Parcel Service in a report on Friday, September 19th. Bank of America decreased their target price on shares of United Parcel Service from $83.00 to $81.00 and set an “underperform” rating on the stock in a research note on Friday, September 26th. Susquehanna increased their price target on shares of United Parcel Service from $100.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Finally, Citigroup raised their price target on shares of United Parcel Service from $112.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, United Parcel Service has an average rating of “Hold” and an average target price of $110.00.

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.