United Parcel Service, Inc. $UPS Stock Holdings Lowered by GRIMES & Co WEALTH MANAGEMENT LLC

GRIMES & Co WEALTH MANAGEMENT LLC trimmed its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 4.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 117,338 shares of the transportation company’s stock after selling 5,554 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in United Parcel Service were worth $9,801,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in United Parcel Service by 1.2% during the second quarter. Vanguard Group Inc. now owns 66,905,138 shares of the transportation company’s stock valued at $6,753,405,000 after acquiring an additional 768,912 shares in the last quarter. State Street Corp lifted its position in United Parcel Service by 1.5% during the 2nd quarter. State Street Corp now owns 30,774,530 shares of the transportation company’s stock worth $3,106,381,000 after acquiring an additional 444,384 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of United Parcel Service by 3.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 25,792,139 shares of the transportation company’s stock worth $2,603,459,000 after purchasing an additional 746,667 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of United Parcel Service by 4.8% during the second quarter. Geode Capital Management LLC now owns 16,623,834 shares of the transportation company’s stock worth $1,675,733,000 after buying an additional 762,407 shares during the last quarter. Finally, Norges Bank bought a new stake in United Parcel Service in the 2nd quarter valued at $851,842,000. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Price Performance

NYSE UPS opened at $108.02 on Tuesday. The firm’s 50 day moving average is $98.14 and its 200-day moving average is $93.03. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.50. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $136.99. The company has a market capitalization of $91.64 billion, a PE ratio of 16.70, a price-to-earnings-growth ratio of 2.35 and a beta of 1.11.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, October 28th. The transportation company reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $20.94 billion. During the same quarter in the previous year, the business earned $1.76 earnings per share. United Parcel Service’s quarterly revenue was down 3.7% on a year-over-year basis. 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 company also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, November 17th were paid a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.1%. The ex-dividend date was Monday, November 17th. United Parcel Service’s dividend payout ratio (DPR) is 101.39%.

Analyst Ratings Changes

UPS has been the subject of a number of research reports. Stifel Nicolaus raised their price objective on United Parcel Service from $110.00 to $112.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. BMO Capital Markets restated a “market perform” rating and issued a $96.00 price target (down from $125.00) on shares of United Parcel Service in a research report on Friday, September 19th. Sanford C. Bernstein increased their target price on United Parcel Service from $122.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday. Weiss Ratings reissued a “sell (d+)” rating on shares of United Parcel Service in a report on Wednesday, October 8th. Finally, Wolfe Research reissued a “peer perform” rating on shares of United Parcel Service in a report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eighteen have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, United Parcel Service has a consensus rating of “Hold” and a consensus target price of $111.88.

United Parcel Service News Roundup

Here are the key news stories impacting United Parcel Service this week:

• Positive Sentiment: Bernstein raised its price target to $125 from $122 and kept an Outperform rating, saying margin improvement and dividend concerns are overblown — this supports upside from better profitability expectations. Bernstein Lifts UPS Price Target
• Positive Sentiment: Bank of America upgrade and a reported $125 price target reinforce analyst conviction on operational fixes and long-term cash returns. UPS Upgraded at Bank of America
• Neutral Sentiment: American Banking News also reported a $125 price-target raise; this echoes other bullish research but overlaps with Bernstein/BofA coverage. Price Target Raised to $125
• Neutral Sentiment: JPMorgan nudged its target to $99 and maintained a “neutral” rating — a modest lift but still implying limited near-term upside from current levels. JPMorgan Raises Price Target
• Neutral Sentiment: Coverage notes (Zacks, MSN pieces) discuss UPS in the context of transportation-sector opportunities and multi-year performance potential; useful for longer-term investors but not immediate catalysts. Zacks: Transportation Stocks
• Negative Sentiment: UPS announced a major restructuring — eliminating ~68,000 jobs and closing 73 facilities, the largest purge in its history — which creates short-term execution risk, potential service disruptions, and reputational/legal concerns even as it aims to lower costs long-term. UPS Eliminates 68,000 Jobs
• Neutral Sentiment: Analyst consensus remains around a “Hold”/mixed view; the average broker rating is still in the middle, reflecting the tug between margin improvement potential and operational/PR risks. Average Broker Rating: Hold

About United Parcel Service

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.