Econ Financial Services Corp Increases Holdings in United Parcel Service, Inc. $UPS

Econ Financial Services Corp boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 29.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,743 shares of the transportation company’s stock after purchasing an additional 3,773 shares during the period. Econ Financial Services Corp’s holdings in United Parcel Service were worth $1,690,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. 626 Financial LLC purchased a new position in United Parcel Service during the 2nd quarter valued at about $228,000. Oarsman Capital Inc. increased its holdings in United Parcel Service by 8.7% during the 2nd quarter. Oarsman Capital Inc. now owns 10,328 shares of the transportation company’s stock valued at $1,043,000 after purchasing an additional 829 shares during the period. Bank of Jackson Hole Trust increased its holdings in United Parcel Service by 11.0% during the 2nd quarter. Bank of Jackson Hole Trust now owns 2,804 shares of the transportation company’s stock valued at $283,000 after purchasing an additional 278 shares during the period. Motco increased its holdings in United Parcel Service by 1.8% during the 2nd quarter. Motco now owns 26,493 shares of the transportation company’s stock valued at $2,674,000 after purchasing an additional 479 shares during the period. Finally, Winebrenner Capital Management LLC increased its holdings in United Parcel Service by 8.4% during the 2nd quarter. Winebrenner Capital Management LLC now owns 2,135 shares of the transportation company’s stock valued at $216,000 after purchasing an additional 166 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on UPS shares. Truist Financial reduced their price target on United Parcel Service from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, July 30th. JPMorgan Chase & Co. cut their price objective on United Parcel Service from $96.00 to $85.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Morgan Stanley cut their price objective on United Parcel Service from $80.00 to $75.00 and set an “underweight” rating on the stock in a research report on Wednesday, July 30th. Wolfe Research cut their price objective on United Parcel Service from $113.00 to $112.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 1st. Finally, Bank of America cut their price objective on United Parcel Service from $83.00 to $81.00 and set an “underperform” rating on the stock in a research report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $108.97.

Insider Transactions at United Parcel Service

In other United Parcel Service news, Director William R. Johnson acquired 5,000 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were acquired at an average cost of $86.50 per share, with a total value of $432,500.00. Following the transaction, the director owned 10,160 shares of the company’s stock, valued at $878,840. The trade was a 96.90% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Carol B. Tome acquired 11,682 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was acquired at an average cost of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the transaction, the chief executive officer directly owned 24,718 shares in the company, valued at $2,117,591.06. This represents a 89.61% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 17,182 shares of company stock valued at $1,477,382 in the last ninety days. 0.13% of the stock is currently owned by corporate insiders.

United Parcel Service Stock Performance

Shares of UPS opened at $96.52 on Wednesday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. The business’s 50 day moving average price is $85.75 and its 200-day moving average price is $93.06. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $138.67. The stock has a market cap of $81.80 billion, a P/E ratio of 14.36, a P/E/G ratio of 1.65 and a beta of 1.10.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, October 28th. The transportation company reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.43. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The firm had revenue of $21.40 billion for the quarter, compared to analysts’ expectations of $20.94 billion. During the same period in the previous year, the firm posted $1.76 EPS. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. United Parcel Service has set its Q4 2025 guidance at EPS. Equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service’s payout ratio is currently 97.62%.

About United Parcel Service

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.