GRIMES & Co WEALTH MANAGEMENT LLC Sells 5,554 Shares of United Parcel Service, Inc. $UPS

GRIMES & Co WEALTH MANAGEMENT LLC lessened its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.5% in the third quarter, HoldingsChannel.com reports. The fund owned 117,338 shares of the transportation company’s stock after selling 5,554 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in United Parcel Service were worth $9,801,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Cornerstone Wealth Group LLC raised its holdings in shares of United Parcel Service by 3.9% during the 2nd quarter. Cornerstone Wealth Group LLC now owns 2,557 shares of the transportation company’s stock worth $258,000 after buying an additional 97 shares in the last quarter. Bangor Savings Bank raised its position in United Parcel Service by 1.9% during the 2nd quarter. Bangor Savings Bank now owns 5,413 shares of the transportation company’s stock worth $546,000 after purchasing an additional 101 shares during the last quarter. Wright Investors Service Inc. lifted its stake in shares of United Parcel Service by 1.3% in the second quarter. Wright Investors Service Inc. now owns 7,861 shares of the transportation company’s stock worth $793,000 after acquiring an additional 104 shares during the period. Webster Bank N. A. lifted its position in shares of United Parcel Service by 13.8% in the 2nd quarter. Webster Bank N. A. now owns 867 shares of the transportation company’s stock worth $88,000 after purchasing an additional 105 shares during the period. Finally, Gleason Group Inc. lifted its holdings in United Parcel Service by 1.7% in the second quarter. Gleason Group Inc. now owns 6,864 shares of the transportation company’s stock valued at $693,000 after buying an additional 113 shares during the period. 60.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on UPS shares. UBS Group increased their price target on United Parcel Service from $113.00 to $116.00 and gave the stock a “buy” rating in a report on Wednesday, January 7th. JPMorgan Chase & Co. lifted their price target on United Parcel Service from $97.00 to $99.00 and gave the company a “neutral” rating in a research note on Monday. Sanford C. Bernstein upped their target price on shares of United Parcel Service from $122.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft reduced their target price on United Parcel Service from $100.00 to $88.00 and set a “hold” rating for the company in a report on Thursday, October 2nd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of United Parcel Service in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eighteen have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $111.88.

Trending Headlines about United Parcel Service

Here are the key news stories impacting United Parcel Service this week:

• Positive Sentiment: Bernstein raised its price target to $125 from $122 and kept an Outperform rating, saying margin improvement and dividend concerns are overblown — this supports upside from better profitability expectations. Bernstein Lifts UPS Price Target
• Positive Sentiment: Bank of America upgrade and a reported $125 price target reinforce analyst conviction on operational fixes and long-term cash returns. UPS Upgraded at Bank of America
• Neutral Sentiment: American Banking News also reported a $125 price-target raise; this echoes other bullish research but overlaps with Bernstein/BofA coverage. Price Target Raised to $125
• Neutral Sentiment: JPMorgan nudged its target to $99 and maintained a “neutral” rating — a modest lift but still implying limited near-term upside from current levels. JPMorgan Raises Price Target
• Neutral Sentiment: Coverage notes (Zacks, MSN pieces) discuss UPS in the context of transportation-sector opportunities and multi-year performance potential; useful for longer-term investors but not immediate catalysts. Zacks: Transportation Stocks
• Negative Sentiment: UPS announced a major restructuring — eliminating ~68,000 jobs and closing 73 facilities, the largest purge in its history — which creates short-term execution risk, potential service disruptions, and reputational/legal concerns even as it aims to lower costs long-term. UPS Eliminates 68,000 Jobs
• Neutral Sentiment: Analyst consensus remains around a “Hold”/mixed view; the average broker rating is still in the middle, reflecting the tug between margin improvement potential and operational/PR risks. Average Broker Rating: Hold

United Parcel Service Trading Down 0.0%

Shares of UPS opened at $108.02 on Tuesday. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $136.99. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.50. The stock has a market cap of $91.64 billion, a PE ratio of 16.70, a P/E/G ratio of 2.35 and a beta of 1.11. The business’s 50-day moving average price is $98.14 and its 200-day moving average price is $93.03.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, October 28th. The transportation company reported $1.74 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $21.42 billion during the quarter, compared to the consensus estimate of $20.94 billion. During the same period last year, the firm earned $1.76 EPS. The business’s quarterly revenue was down 3.7% compared to the same quarter last year. On average, equities analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, November 17th were paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend was Monday, November 17th. United Parcel Service’s dividend payout ratio (DPR) is currently 101.39%.

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.