Arbejdsmarkedets Tillaegspension purchased a new stake in United Parcel Service, Inc. (NYSE:UPS – Free Report) during the 1st quarter, HoldingsChannel.com reports. The firm purchased 257,381 shares of the transportation company’s stock, valued at approximately $25,321,000.
Other institutional investors also recently modified their holdings of the company. University of Texas Texas AM Investment Management Co. acquired a new position in shares of United Parcel Service in the 4th quarter valued at $25,000. IFC & Insurance Marketing Inc. bought a new position in United Parcel Service during the 4th quarter worth about $25,000. Coston McIsaac & Partners raised its position in United Parcel Service by 77.8% in the 4th quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock valued at $27,000 after buying an additional 119 shares during the last quarter. Torren Management LLC acquired a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $29,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in United Parcel Service in the 4th quarter valued at $29,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.
United Parcel Service News Summary
Here are the key news stories impacting United Parcel Service this week:
- Positive Sentiment: Citigroup raised its price target on UPS to $132 and reiterated a buy rating, while Stephens upgraded the stock to strong-buy, signaling Wall Street sees more upside. Article Title
- Positive Sentiment: UPS was added to the Russell 1000 Value Defensive and Russell 1000 Defensive indexes, which can support demand from index-focused investors and highlight the stock’s defensive appeal. Article Title
- Positive Sentiment: Unusually heavy call option buying suggests traders are positioning for continued gains in UPS shares.
- Positive Sentiment: Several articles pointed to UPS’s strong earnings-beat history and growing investor attention ahead of the next quarterly report, reinforcing expectations for another solid print. Article Title
- Neutral Sentiment: UPS is reshaping its network, likely as part of ongoing operational efficiency efforts, but the article did not indicate an immediate material financial impact. Article Title
- Neutral Sentiment: UPS and FedEx remaining top logistics companies by market cap is a reminder of the company’s scale, but this is more a sector ranking than a stock-moving catalyst. Article Title
- Negative Sentiment: The U.S. Postal Service Inspector General flagged UPS’s air cargo contract with USPS, urging a re-evaluation over volume-guarantee risks and even possible termination if issues are not addressed, which adds uncertainty around parcel volumes and contract revenue. Article Title
United Parcel Service Price Performance
United Parcel Service (NYSE:UPS – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The company had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.99 billion. During the same period in the prior year, the company earned $1.49 EPS. United Parcel Service’s revenue was down 1.4% compared to the same quarter last year. As a group, equities analysts predict that United Parcel Service, Inc. will post 7.11 earnings per share for the current fiscal year.
United Parcel Service Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, May 18th were given a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $6.56 annualized dividend and a dividend yield of 5.8%. United Parcel Service’s dividend payout ratio (DPR) is currently 106.15%.
Analyst Ratings Changes
Several research analysts recently commented on UPS shares. Citigroup increased their price target on United Parcel Service from $127.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday. Stephens upgraded United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 8th. Evercore cut their price objective on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a report on Wednesday, April 22nd. UBS Group decreased their target price on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Finally, Susquehanna boosted their target price on shares of United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $111.10.
Check Out Our Latest Research Report on United Parcel Service
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.
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