Pinnacle Associates Ltd. Sells 24,220 Shares of United Parcel Service, Inc. $UPS

Pinnacle Associates Ltd. reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 47.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,338 shares of the transportation company’s stock after selling 24,220 shares during the period. Pinnacle Associates Ltd.’s holdings in United Parcel Service were worth $2,659,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of UPS. Vanguard Group Inc. boosted its holdings in United Parcel Service by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 66,136,226 shares of the transportation company’s stock valued at $7,274,323,000 after purchasing an additional 999,832 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in United Parcel Service by 7.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company’s stock valued at $2,754,751,000 after purchasing an additional 1,780,807 shares during the period. Goldman Sachs Group Inc. boosted its holdings in United Parcel Service by 124.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company’s stock valued at $991,132,000 after purchasing an additional 4,988,044 shares during the period. Northern Trust Corp boosted its holdings in United Parcel Service by 0.3% in the 1st quarter. Northern Trust Corp now owns 7,415,523 shares of the transportation company’s stock valued at $815,633,000 after purchasing an additional 23,918 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in United Parcel Service by 3.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,719,145 shares of the transportation company’s stock valued at $519,059,000 after purchasing an additional 171,303 shares during the period. 60.26% of the stock is owned by institutional investors.

United Parcel Service Trading Up 1.7%

Shares of United Parcel Service stock opened at $96.64 on Friday. The stock has a market capitalization of $81.91 billion, a P/E ratio of 14.94, a price-to-earnings-growth ratio of 2.29 and a beta of 1.10. The company has a quick ratio of 1.32, a current ratio of 1.30 and a debt-to-equity ratio of 1.50. The company has a 50-day simple moving average of $86.30 and a 200 day simple moving average of $93.04. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $138.67.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, October 28th. The transportation company reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.43. The business had revenue of $21.40 billion during the quarter, compared to analysts’ expectations of $20.94 billion. United Parcel Service had a net margin of 6.15% and a return on equity of 40.07%. The firm’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter last year, the company posted $1.76 EPS. United Parcel Service has set its Q4 2025 guidance at EPS. Research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were given a dividend of $1.64 per share. The ex-dividend date was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.8%. United Parcel Service’s dividend payout ratio (DPR) is 101.39%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on UPS shares. Susquehanna increased their price target on shares of United Parcel Service from $100.00 to $105.00 and gave the company a “neutral” rating in a report on Wednesday. Vertical Research reissued a “hold” rating and issued a $103.00 price target on shares of United Parcel Service in a report on Wednesday, July 30th. Morgan Stanley reduced their price target on shares of United Parcel Service from $80.00 to $75.00 and set an “underweight” rating for the company in a report on Wednesday, July 30th. UBS Group raised their price objective on shares of United Parcel Service from $110.00 to $113.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. raised their price objective on shares of United Parcel Service from $85.00 to $97.00 and gave the stock a “neutral” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, sixteen have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, United Parcel Service has a consensus rating of “Hold” and an average target price of $110.00.

Insider Activity

In other news, Director Christiana Smith Shi bought 500 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was acquired at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the transaction, the director directly owned 500 shares of the company’s stock, valued at $44,085. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.13% of the stock is owned by company insiders.

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.