VIRGINIA RETIREMENT SYSTEMS ET Al Invests $6.83 Million in United Parcel Service, Inc. $UPS

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in United Parcel Service, Inc. (NYSE:UPS) during the 2nd quarter, HoldingsChannel reports. The fund acquired 63,500 shares of the transportation company’s stock, valued at approximately $6,826,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. University of Texas Texas AM Investment Management Co. bought a new stake in shares of United Parcel Service in the 4th quarter valued at about $25,000. IFC & Insurance Marketing Inc. bought a new position in shares of United Parcel Service during the fourth quarter worth about $25,000. Kemnay Advisory Services Inc. bought a new position in shares of United Parcel Service during the fourth quarter worth about $29,000. Legacy Wealth Managment LLC ID lifted its stake in shares of United Parcel Service by 48.6% in the first quarter. Legacy Wealth Managment LLC ID now owns 309 shares of the transportation company’s stock worth $30,000 after acquiring an additional 101 shares during the period. Finally, Markowski Investments acquired a new position in shares of United Parcel Service in the second quarter worth approximately $30,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on UPS. Weiss Ratings raised shares of United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, August 17th. Stifel Nicolaus boosted their price target on shares of United Parcel Service from $114.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Wall Street Zen raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Sanford C. Bernstein increased their price objective on shares of United Parcel Service from $130.00 to $133.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 21st. Finally, Susquehanna lifted their target price on shares of United Parcel Service from $118.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $117.41.

United Parcel Service Trading Down 1.7%

Shares of UPS stock opened at $100.55 on Wednesday. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $122.41. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a 50 day simple moving average of $107.53 and a two-hundred day simple moving average of $105.19. The company has a market cap of $85.55 billion, a P/E ratio of 18.69, a PEG ratio of 1.83 and a beta of 1.06.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, July 28th. The transportation company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.11. The firm had revenue of $22.83 billion for the quarter, compared to analyst estimates of $21.86 billion. United Parcel Service had a net margin of 5.08% and a return on equity of 37.50%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.55 earnings per share. United Parcel Service has set its FY 2026 guidance at 7.220-7.220 EPS. Research analysts forecast that United Parcel Service, Inc. will post 7.22 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Monday, August 17th were paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend was Monday, August 17th. United Parcel Service’s dividend payout ratio is 121.93%.

About United Parcel Service

United Parcel Service, Inc (NYSE: UPS) is a global package delivery and logistics company that provides transportation, distribution and supply-chain services. Its offerings include time-definite delivery of packages and documents, ground and air transportation, international shipping, freight services, customs brokerage and logistics management.

UPS serves businesses and consumers in the United States and across international markets, connecting customers in more than 200 countries and territories.