Toronto Dominion Bank Buys 70,900 Shares of United Parcel Service, Inc. (NYSE:UPS)

Toronto Dominion Bank boosted its stake in United Parcel Service, Inc. (NYSE:UPS) by 58.8% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 191,417 shares of the transportation company’s stock after buying an additional 70,900 shares during the period. Toronto Dominion Bank’s holdings in United Parcel Service were worth $20,537,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Amtrust Financial Services Inc. purchased a new stake in United Parcel Service during the fourth quarter valued at $1,118,000. Redmond Asset Management LLC boosted its stake in United Parcel Service by 10.6% in the fourth quarter. Redmond Asset Management LLC now owns 3,381 shares of the transportation company’s stock valued at $388,000 after buying an additional 324 shares during the last quarter. Wilkins Investment Counsel Inc. boosted its stake in United Parcel Service by 2.4% in the fourth quarter. Wilkins Investment Counsel Inc. now owns 71,950 shares of the transportation company’s stock valued at $8,248,000 after buying an additional 1,660 shares during the last quarter. Richard C. Young & CO. LTD. boosted its stake in United Parcel Service by 1.2% in the fourth quarter. Richard C. Young & CO. LTD. now owns 99,370 shares of the transportation company’s stock valued at $11,392,000 after buying an additional 1,215 shares during the last quarter. Finally, Aviva PLC boosted its stake in United Parcel Service by 6.5% in the fourth quarter. Aviva PLC now owns 471,500 shares of the transportation company’s stock valued at $54,105,000 after buying an additional 28,887 shares during the last quarter. 53.24% of the stock is owned by institutional investors and hedge funds.

Shares of United Parcel Service, Inc. (NYSE UPS) traded up 1.73% during trading on Friday, hitting $109.66. The stock had a trading volume of 4,274,849 shares. The company has a market cap of $94.86 billion, a PE ratio of 26.96 and a beta of 0.88. The firm’s 50 day moving average is $110.53 and its 200 day moving average is $108.24. United Parcel Service, Inc. has a 1-year low of $102.12 and a 1-year high of $120.44.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, July 27th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.12. United Parcel Service had a return on equity of 417.18% and a net margin of 5.68%. The company had revenue of $15.75 billion for the quarter, compared to the consensus estimate of $15.49 billion. During the same quarter last year, the business posted $1.43 earnings per share. The firm’s revenue was up 7.7% compared to the same quarter last year. Equities research analysts anticipate that United Parcel Service, Inc. will post $5.98 EPS for the current fiscal year.

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Several analysts recently weighed in on UPS shares. Zacks Investment Research raised United Parcel Service from a “sell” rating to a “hold” rating in a report on Friday, April 7th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $116.00 price target on shares of United Parcel Service in a report on Friday, May 19th. Seaport Global Securities started coverage on United Parcel Service in a report on Tuesday, June 6th. They set a “neutral” rating for the company. BidaskClub raised United Parcel Service from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $127.00 price objective on shares of United Parcel Service in a report on Monday, July 3rd. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $114.57.

In related news, SVP Kathleen M. Gutmann sold 2,000 shares of the stock in a transaction on Monday, June 5th. The stock was sold at an average price of $107.49, for a total value of $214,980.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.59% of the company’s stock.

United Parcel Service Company Profile

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.

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

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