National Wealth Management Group LLC Makes New Investment in United Parcel Service, Inc. $UPS

National Wealth Management Group LLC purchased a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) in the third quarter, HoldingsChannel.com reports. The firm purchased 5,602 shares of the transportation company’s stock, valued at approximately $523,000.

A number of other institutional investors have also recently added to or reduced their stakes in UPS. WealthCare Asset Management LLC acquired a new stake in United Parcel Service during the third quarter worth about $1,326,000. Flagship Harbor Advisors LLC lifted its stake in shares of United Parcel Service by 5.0% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 14,126 shares of the transportation company’s stock valued at $1,320,000 after purchasing an additional 677 shares in the last quarter. Peterson Wealth Services lifted its stake in shares of United Parcel Service by 42.0% in the 3rd quarter. Peterson Wealth Services now owns 2,967 shares of the transportation company’s stock valued at $277,000 after purchasing an additional 878 shares in the last quarter. Leo Wealth LLC purchased a new stake in shares of United Parcel Service during the 3rd quarter worth about $399,000. Finally, Capstone Capital Management Ltd purchased a new stake in shares of United Parcel Service during the 3rd quarter worth about $1,000,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Bank of America dropped their target price on shares of United Parcel Service from $115.00 to $108.00 and set a “neutral” rating for the company in a research report on Monday, September 21st. Citigroup reduced their price target on shares of United Parcel Service from $132.00 to $122.00 and set a “buy” rating on the stock in a research report on Wednesday, October 7th. Raymond James Financial boosted their price objective on shares of United Parcel Service from $127.00 to $131.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, July 29th. Evercore increased their price objective on shares of United Parcel Service from $117.00 to $118.00 in a research report on Wednesday, July 29th. Finally, Citizens Jmp initiated coverage on shares of United Parcel Service in a research note on Wednesday, July 15th. They issued a “market perform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, United Parcel Service currently has a consensus rating of “Hold” and an average target price of $115.70.

United Parcel Service News Roundup

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

• Positive Sentiment: Potential $50.7 million recovery: UPS reportedly won a legal decision allowing it to reclaim pension contributions that were paid by mistake. The recovery could modestly improve cash flow and reduce an unusual expense. UPS wins back $50.7M it paid into pension plan by mistake
• Positive Sentiment: Higher pricing planned: UPS plans an average 5.9% rate increase beginning December 21, matching FedEx’s announced increase. The move could support revenue and offset labor, fuel and other operating costs, although customer reaction and shipping volumes will be important. UPS plans 5.9% rate increase on Dec. 21
• Positive Sentiment: E-commerce opportunities: A new feature supporting TikTok Shop ahead of the holidays may help UPS capture social-commerce shipments during the peak season. The planned $80 million air hub in the Philippines is also viewed as a potential long-term growth and cash-flow opportunity. UPS adds key feature for TikTok Shop ahead of the holidays UPS stock looks below fair value following its fall
• Neutral Sentiment: Earnings are the immediate catalyst: Analysts expect third-quarter sales growth but a year-over-year decline in operating profit. Investors will focus on package volumes, pricing, margins, guidance and management’s assessment of holiday demand. UPS earnings are coming
• Neutral Sentiment: Valuation attracts income investors: UPS has fallen about 40% over five years and sits roughly 18% below its 52-week high, leading some analysts to argue the shares are below fair value. Its dividend yield and cash-generation potential may appeal to value investors, but the thesis depends on a durable earnings recovery. Historically cheap high-yield dividend stocks
• Negative Sentiment: Industry headwinds remain: Fuel-cost pressure, uncertain freight demand and broader macroeconomic concerns could weigh on transportation stocks. A projected operating-profit decline raises concerns that revenue growth may not translate into stronger earnings. Transportation stocks earnings preview

United Parcel Service Trading Down 0.9%

Shares of UPS opened at $100.10 on Tuesday. The stock’s 50-day moving average is $98.92 and its two-hundred day moving average is $104.66. The stock has a market cap of $85.16 billion, a PE ratio of 18.61, a P/E/G ratio of 1.86 and a beta of 1.07. United Parcel Service, Inc. has a 12 month low of $88.21 and a 12 month high of $122.41. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.18 and a quick ratio of 1.18.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, July 28th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.11. United Parcel Service had a return on equity of 37.50% and a net margin of 5.08%. The business had revenue of $22.83 billion during the quarter, compared to analyst estimates of $21.86 billion. During the same quarter last year, the firm earned $1.55 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. Equities analysts forecast that United Parcel Service, Inc. will post 7.19 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Monday, August 17th were given a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $6.56 annualized dividend and a yield of 6.6%. United Parcel Service’s payout ratio is 121.93%.

About United Parcel Service

United Parcel Service, Inc (NYSE: UPS) is a global package delivery and logistics company. Its services include the transportation and delivery of packages and freight, time-definite express delivery, supply chain management, customs brokerage, and logistics consulting. UPS serves businesses and consumers through ground, air, and international delivery networks.

The company operates across the United States and in international markets throughout Europe, Asia-Pacific, Latin America, Canada, and other regions.