United Parcel Service, Inc. (NYSE:UPS) Stock Holdings Lifted by Addenda Capital Inc.

Addenda Capital Inc. raised its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 11.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 75,882 shares of the transportation company’s stock after purchasing an additional 7,792 shares during the quarter. Addenda Capital Inc.’s holdings in United Parcel Service were worth $11,278,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Tennessee Valley Asset Management Partners acquired a new stake in shares of United Parcel Service during the fourth quarter worth approximately $26,000. Life Planning Partners Inc bought a new position in shares of United Parcel Service during the 4th quarter valued at $28,000. Northwest Financial Advisors bought a new stake in United Parcel Service in the fourth quarter worth $28,000. Bourgeon Capital Management LLC acquired a new position in United Parcel Service during the fourth quarter worth $31,000. Finally, Security National Bank acquired a new stake in shares of United Parcel Service in the fourth quarter worth about $31,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on UPS shares. HSBC raised shares of United Parcel Service from a “hold” rating to a “buy” rating and lifted their price target for the company from $150.00 to $170.00 in a research report on Thursday, April 25th. Stifel Nicolaus lowered their target price on United Parcel Service from $178.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. JPMorgan Chase & Co. reduced their price objective on United Parcel Service from $154.00 to $150.00 and set a “neutral” rating for the company in a research report on Tuesday, April 9th. Morgan Stanley upped their target price on shares of United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a research note on Wednesday, March 27th. Finally, TD Cowen cut their price objective on shares of United Parcel Service from $147.00 to $140.00 and set a “hold” rating for the company in a research report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, United Parcel Service has an average rating of “Hold” and a consensus target price of $164.55.

United Parcel Service Price Performance

Shares of NYSE UPS traded up $1.02 during trading on Friday, reaching $136.85. The company had a trading volume of 6,607,956 shares, compared to its average volume of 4,068,995. United Parcel Service, Inc. has a 52 week low of $132.90 and a 52 week high of $192.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10. The business’s 50 day moving average price is $141.71 and its 200-day moving average price is $148.61. The stock has a market cap of $117.08 billion, a PE ratio of 19.83, a PEG ratio of 1.75 and a beta of 1.01.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $21.70 billion for the quarter, compared to analyst estimates of $21.84 billion. During the same period last year, the company earned $2.20 EPS. The business’s quarterly revenue was down 5.3% compared to the same quarter last year. Analysts expect that United Parcel Service, Inc. will post 8.22 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Monday, May 13th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.76%. The ex-dividend date of this dividend was Friday, May 10th. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

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.