Bank of Nova Scotia Has $14.09 Million Stake in United Parcel Service, Inc. $UPS

Bank of Nova Scotia decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 20.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 143,215 shares of the transportation company’s stock after selling 35,729 shares during the period. Bank of Nova Scotia’s holdings in United Parcel Service were worth $14,089,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in UPS. Brighton Jones LLC raised its holdings in United Parcel Service by 63.8% during the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock worth $1,529,000 after purchasing an additional 4,723 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of United Parcel Service during the second quarter worth $277,000. SVB Wealth LLC bought a new stake in shares of United Parcel Service in the second quarter worth about $848,000. Treasurer of the State of North Carolina increased its stake in United Parcel Service by 2.7% during the 2nd quarter. Treasurer of the State of North Carolina now owns 342,866 shares of the transportation company’s stock worth $34,609,000 after purchasing an additional 9,124 shares in the last quarter. Finally, Ieq Capital LLC boosted its position in shares of United Parcel Service by 154.5% during the second quarter. Ieq Capital LLC now owns 104,819 shares of the transportation company’s stock worth $10,580,000 after buying an additional 63,629 shares during the period. 60.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on UPS. Weiss Ratings upgraded shares of United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, July 10th. Citigroup boosted their target price on United Parcel Service from $127.00 to $132.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Stephens raised shares of United Parcel Service to a “strong-buy” rating in a report on Wednesday, July 8th. Wall Street Zen lowered shares of United Parcel Service from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, UBS Group dropped their price objective on United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $111.50.

United Parcel Service Trading Up 0.4%

NYSE UPS opened at $114.60 on Friday. The business’s fifty day moving average is $108.28 and its 200 day moving average is $106.62. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $122.41. The company has a market cap of $97.41 billion, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 1.83 and a beta of 1.05. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.50.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.05. The company had revenue of $21.20 billion for the quarter, compared to analysts’ expectations of $20.99 billion. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.49 earnings per share. As a group, sell-side analysts expect that United Parcel Service, Inc. will post 7.1 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, May 18th were issued a $1.64 dividend. The ex-dividend date was Monday, May 18th. This represents a $6.56 annualized dividend and a yield of 5.7%. United Parcel Service’s payout ratio is presently 106.15%.

United Parcel Service Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.