Canada Post Corp Registered Pension Plan Has $3.26 Million Stock Holdings in United Parcel Service, Inc. $UPS

Canada Post Corp Registered Pension Plan lifted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 217.0% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 38,563 shares of the transportation company’s stock after buying an additional 26,397 shares during the period. Canada Post Corp Registered Pension Plan’s holdings in United Parcel Service were worth $3,259,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Evelyn Partners Investment Management Europe Ltd lifted its holdings in United Parcel Service by 110.1% during the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock worth $25,000 after buying an additional 131 shares during the period. Mid American Wealth Advisory Group Inc. bought a new position in shares of United Parcel Service during the second quarter worth about $26,000. Salzhauer Michael acquired a new position in shares of United Parcel Service in the third quarter worth approximately $31,000. Physician Wealth Advisors Inc. boosted its holdings in United Parcel Service by 76.5% in the third quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 163 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in United Parcel Service in the second quarter valued at approximately $34,000. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Trading Up 0.7%

NYSE:UPS opened at $117.36 on Friday. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $123.70. The firm has a 50-day moving average price of $103.72 and a two-hundred day moving average price of $94.08. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.30 and a current ratio of 1.22. The firm has a market cap of $99.57 billion, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 1.86 and a beta of 1.11.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.18. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The firm had revenue of $24.48 billion during the quarter, compared to analyst estimates of $23.91 billion. During the same period last year, the firm posted $2.75 EPS. The business’s revenue was down 3.2% compared to the same quarter last year. On average, equities analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Tuesday, February 17th will be issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date is Tuesday, February 17th. United Parcel Service’s payout ratio is presently 100.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on UPS shares. Evercore lifted their target price on United Parcel Service from $94.00 to $113.00 and gave the stock an “in-line” rating in a report on Wednesday, January 21st. HSBC upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, January 28th. UBS Group boosted their target price on shares of United Parcel Service from $116.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Wells Fargo & Company raised their price target on shares of United Parcel Service from $96.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 28th. Finally, JPMorgan Chase & Co. lifted their price target on shares of United Parcel Service from $99.00 to $107.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $113.67.

Insider Activity

In related news, insider Norman M. Brothers, Jr. sold 25,014 shares of United Parcel Service stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total value of $2,655,236.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.13% of the company’s stock.

United Parcel Service Company 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.