WBI Investments LLC lessened its stake in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 26.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,520 shares of the transportation company’s stock after selling 12,491 shares during the period. United Parcel Service comprises 0.9% of WBI Investments LLC’s investment portfolio, making the stock its 12th largest holding. WBI Investments LLC’s holdings in United Parcel Service were worth $3,585,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of 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 acquiring an additional 999,832 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in United Parcel Service by 7.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company’s stock worth $2,754,751,000 after purchasing an additional 1,780,807 shares in the last quarter. Geode Capital Management LLC raised its stake in United Parcel Service by 4.8% during the 2nd quarter. Geode Capital Management LLC now owns 16,623,834 shares of the transportation company’s stock valued at $1,675,733,000 after purchasing an additional 762,407 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of United Parcel Service by 124.0% in the first 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 in the last quarter. Finally, Northern Trust Corp boosted its position in shares of United Parcel Service by 0.3% in the first quarter. Northern Trust Corp now owns 7,415,523 shares of the transportation company’s stock worth $815,633,000 after buying an additional 23,918 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at United Parcel Service
In other United Parcel Service news, Director Christiana Smith Shi purchased 500 shares of the stock in a transaction dated Friday, August 22nd. The shares were bought at an average cost of $88.17 per share, with a total value of $44,085.00. Following the completion of the transaction, the director owned 500 shares in the company, valued at $44,085. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is owned by company insiders.
United Parcel Service Stock Down 1.9%
United Parcel Service (NYSE:UPS – Get Free Report) last posted its earnings results on Tuesday, October 28th. The transportation company reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.43. The company had revenue of $21.42 billion for the quarter, compared to analyst estimates of $20.94 billion. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.The business’s revenue was down 3.7% compared to the same quarter last year. During the same period last year, the company earned $1.76 earnings per share. United Parcel Service has set its Q4 2025 guidance at EPS. Sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.
United Parcel Service Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Monday, November 17th will be paid a $1.64 dividend. The ex-dividend date is Monday, November 17th. This represents a $6.56 dividend on an annualized basis and a yield of 7.0%. United Parcel Service’s dividend payout ratio (DPR) is presently 101.39%.
Analyst Ratings Changes
Several brokerages recently issued reports on UPS. UBS Group increased their price objective on United Parcel Service from $110.00 to $113.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Morgan Stanley dropped their price objective on shares of United Parcel Service from $80.00 to $75.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 30th. Wells Fargo & Company increased their target price on shares of United Parcel Service from $91.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 29th. Susquehanna boosted 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, October 29th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of United Parcel Service in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $110.00.
United Parcel Service Profile
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.
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