National Bank of Canada FI Purchases 409,878 Shares of United Parcel Service, Inc. $UPS

National Bank of Canada FI increased its position in United Parcel Service, Inc. (NYSE:UPS) by 174.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 645,297 shares of the transportation company’s stock after acquiring an additional 409,878 shares during the quarter. National Bank of Canada FI owned about 0.08% of United Parcel Service worth $65,130,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Evelyn Partners Investment Management Europe Ltd increased its stake in shares of United Parcel Service by 110.1% in the second 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 in the last quarter. Mid American Wealth Advisory Group Inc. bought a new position in United Parcel Service in the 2nd quarter worth approximately $26,000. Saudi Central Bank purchased a new position in United Parcel Service in the 1st quarter valued at approximately $32,000. Flaharty Asset Management LLC purchased a new position in United Parcel Service in the 1st quarter valued at approximately $33,000. Finally, RMG Wealth Management LLC bought a new stake in United Parcel Service during the 2nd quarter valued at $34,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on UPS. Bank of America cut their price target on United Parcel Service from $83.00 to $81.00 and set an “underperform” rating for the company in a report on Friday, September 26th. JPMorgan Chase & Co. raised their target price on United Parcel Service from $85.00 to $97.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of United Parcel Service in a report on Wednesday, October 8th. Stephens upgraded United Parcel Service to a “hold” rating in a research report on Wednesday, October 29th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $96.00 price objective (down from $125.00) on shares of United Parcel Service in a research report on Friday, September 19th. One investment 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. Based on data from MarketBeat.com, United Parcel Service has an average rating of “Hold” and an average price target of $110.00.

United Parcel Service Stock Performance

Shares of UPS opened at $100.91 on Monday. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $136.99. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.50. The company has a market cap of $85.61 billion, a PE ratio of 15.60, a price-to-earnings-growth ratio of 2.41 and a beta of 1.11. The stock has a 50-day moving average price of $92.40 and a 200-day moving average price of $92.65.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, October 28th. The transportation company reported $1.74 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $20.94 billion. During the same period last year, the firm posted $1.76 earnings per share. United Parcel Service’s quarterly revenue was down 3.7% on a year-over-year basis. As a group, equities analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

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

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.