Summit X LLC Buys 23,943 Shares of United Parcel Service, Inc. $UPS

Summit X LLC boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 121.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,620 shares of the transportation company’s stock after purchasing an additional 23,943 shares during the period. United Parcel Service comprises about 0.8% of Summit X LLC’s investment portfolio, making the stock its 28th biggest position. Summit X LLC’s holdings in United Parcel Service were worth $4,403,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Cornerstone Wealth Group LLC lifted its position in shares of United Parcel Service by 3.9% during the 2nd quarter. Cornerstone Wealth Group LLC now owns 2,557 shares of the transportation company’s stock valued at $258,000 after buying an additional 97 shares in the last quarter. Bangor Savings Bank lifted its holdings in United Parcel Service by 1.9% during the second quarter. Bangor Savings Bank now owns 5,413 shares of the transportation company’s stock valued at $546,000 after purchasing an additional 101 shares in the last quarter. First Dallas Securities Inc. boosted its position in shares of United Parcel Service by 0.9% in the first quarter. First Dallas Securities Inc. now owns 11,421 shares of the transportation company’s stock worth $1,256,000 after purchasing an additional 102 shares during the period. Fortis Capital Advisors LLC raised its position in shares of United Parcel Service by 3.4% during the 1st quarter. Fortis Capital Advisors LLC now owns 3,185 shares of the transportation company’s stock valued at $350,000 after purchasing an additional 104 shares during the period. Finally, Wright Investors Service Inc. lifted its stake in shares of United Parcel Service by 1.3% during the 2nd quarter. Wright Investors Service Inc. now owns 7,861 shares of the transportation company’s stock valued at $793,000 after buying an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insider Activity

In other United Parcel Service news, Director Christiana Smith Shi bought 500 shares of the company’s stock in a transaction 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 completion of the transaction, the director directly owned 500 shares of the company’s stock, valued at approximately $44,085. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by company insiders.

United Parcel Service Price Performance

Shares of United Parcel Service stock opened at $95.98 on Friday. The stock has a market cap of $81.35 billion, a price-to-earnings ratio of 14.84, a price-to-earnings-growth ratio of 2.29 and a beta of 1.11. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.32 and a current ratio of 1.30. The stock has a 50 day moving average price of $86.94 and a 200-day moving average price of $92.97. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $138.67.

United Parcel Service (NYSE:UPS) last issued its quarterly 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. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.The company had revenue of $21.42 billion during the quarter, compared to the consensus estimate of $20.94 billion. During the same period last year, the company earned $1.76 earnings per share. United Parcel Service’s revenue was down 3.7% on a year-over-year basis. United Parcel Service has set its Q4 2025 guidance at EPS. Equities analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Monday, November 17th will be paid a $1.64 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $6.56 annualized dividend and a yield of 6.8%. United Parcel Service’s dividend payout ratio (DPR) is presently 101.39%.

Analyst Ratings Changes

A number of research firms have commented on UPS. Stephens raised United Parcel Service to a “hold” rating in a report on Wednesday, October 29th. Stifel Nicolaus lowered their price target on United Parcel Service from $120.00 to $109.00 and set a “buy” rating on the stock in a report on Tuesday, October 28th. JPMorgan Chase & Co. upped their price target on United Parcel Service from $85.00 to $97.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Truist Financial boosted their target price on shares of United Parcel Service from $100.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Finally, Bank of America cut their target price on shares of United Parcel Service from $83.00 to $81.00 and set an “underperform” rating for the company in a research note on Friday, September 26th. One equities research 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, the company currently has an average rating of “Hold” and a consensus target price 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.