AE Wealth Management LLC lifted its holdings in United Parcel Service, Inc. (NYSE:UPS – Free Report) by 10.9% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 49,712 shares of the transportation company’s stock after purchasing an additional 4,885 shares during the period. AE Wealth Management LLC’s holdings in United Parcel Service were worth $5,018,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in UPS. Graybill Wealth Management LTD. purchased a new position in shares of United Parcel Service during the 1st quarter worth $26,000. Mid American Wealth Advisory Group Inc. purchased a new position in United Parcel Service during the second quarter valued at $26,000. Hemington Wealth Management grew its holdings in United Parcel Service by 68.9% during the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 115 shares during the period. Saudi Central Bank purchased a new stake in United Parcel Service in the first quarter worth about $32,000. Finally, Flaharty Asset Management LLC bought a new position in shares of United Parcel Service in the first quarter worth about $33,000. 60.26% of the stock is currently owned by institutional investors.
Insider Transactions at United Parcel Service
In other United Parcel Service news, Director Christiana Smith Shi purchased 500 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were bought at an average price of $88.17 per share, with a total value of $44,085.00. Following the completion of the purchase, the director directly owned 500 shares in the company, valued at $44,085. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.13% of the stock is currently owned by insiders.
United Parcel Service Trading Up 2.5%
United Parcel Service (NYSE:UPS – Get Free Report) last released its quarterly 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. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.The business had revenue of $21.42 billion during the quarter, compared to analysts’ expectations of $20.94 billion. During the same quarter last year, the business posted $1.76 EPS. The firm’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 predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.
United Parcel Service Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Monday, November 17th will be given a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.8%. The ex-dividend date is Monday, November 17th. United Parcel Service’s payout ratio is currently 101.39%.
Wall Street Analysts Forecast Growth
UPS has been the subject of a number of recent research reports. Morgan Stanley cut their price objective on United Parcel Service from $80.00 to $75.00 and set an “underweight” rating for the company in a research note on Wednesday, July 30th. Stephens upgraded shares of United Parcel Service to a “hold” rating in a research report on Wednesday, October 29th. Truist Financial increased their price objective on shares of United Parcel Service from $100.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. JPMorgan Chase & Co. lifted their target price on shares of United Parcel Service from $85.00 to $97.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Finally, Oppenheimer cut their price target on United Parcel Service from $114.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, United Parcel Service currently has a consensus rating of “Hold” and a consensus target price of $110.00.
View Our Latest Analysis on UPS
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.
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