United Parcel Service, Inc. $UPS Shares Newly Purchased by MH & Associates Securities Management Corp ADV

MH & Associates Securities Management Corp ADV bought a new position in shares of United Parcel Service, Inc. (NYSE:UPS) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 24,796 shares of the transportation company’s stock, valued at approximately $2,317,000. United Parcel Service makes up 2.0% of MH & Associates Securities Management Corp ADV’s holdings, making the stock its 25th largest position.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Wellington Management Group LLP lifted its position in shares of United Parcel Service by 262.7% during the 2nd quarter. Wellington Management Group LLP now owns 3,046,707 shares of the transportation company’s stock valued at $327,521,000 after acquiring an additional 2,206,666 shares during the period. Bank of America Corp DE boosted its stake in shares of United Parcel Service by 23.3% during the first quarter. Bank of America Corp DE now owns 9,728,123 shares of the transportation company’s stock valued at $957,053,000 after acquiring an additional 1,836,651 shares during the last quarter. Manning & Napier Advisors LLC purchased a new stake in shares of United Parcel Service during the second quarter worth about $192,304,000. Cullen Capital Management LLC purchased a new stake in United Parcel Service in the 2nd quarter worth approximately $178,071,000. Finally, First Trust Advisors LP increased its stake in United Parcel Service by 37.4% in the first quarter. First Trust Advisors LP now owns 3,631,133 shares of the transportation company’s stock valued at $357,231,000 after purchasing an additional 988,442 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $114.29 on Thursday. The firm’s 50 day moving average is $99.65 and its two-hundred day moving average is $104.68. The firm has a market capitalization of $97.24 billion, a P/E ratio of 21.98, a PEG ratio of 1.96 and a beta of 0.98. The company has a current ratio of 1.24, a quick ratio of 1.18 and a debt-to-equity ratio of 1.67. United Parcel Service, Inc. has a 52 week low of $90.84 and a 52 week high of $122.41.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Wednesday, November 4th. The transportation company reported $1.69 earnings per share (EPS) for the quarter. United Parcel Service had a return on equity of 37.78% and a net margin of 4.84%. The business had revenue of $22.85 billion during the quarter. Analysts anticipate that United Parcel Service, Inc. will post 7.28 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Monday, November 16th will be issued a $1.64 dividend. The ex-dividend date is Monday, November 16th. This represents a $6.56 annualized dividend and a dividend yield of 5.7%. United Parcel Service’s dividend payout ratio (DPR) is 126.15%.

Insider Activity at United Parcel Service

In other news, insider Matthew Guffey sold 8,318 shares of the business’s stock in a transaction on Wednesday, October 28th. The stock was sold at an average price of $105.39, for a total value of $876,634.02. Following the sale, the insider owned 271 shares of the company’s stock, valued at approximately $28,560.69. The trade was a 96.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

UPS has been the topic of a number of research analyst reports. Truist Financial lifted their price target on shares of United Parcel Service from $115.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, October 28th. Wall Street Zen upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Saturday, October 31st. Sanford C. Bernstein cut their price target on United Parcel Service from $131.00 to $127.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 21st. Evercore increased their price objective on shares of United Parcel Service from $117.00 to $118.00 in a research note on Wednesday, July 29th. Finally, BNP Paribas Exane decreased their target price on United Parcel Service from $90.00 to $85.00 and set an “underperform” rating for the company in a research report on Wednesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $118.45.

United Parcel Service News Roundup

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

• Positive Sentiment: UPS reported quarterly earnings of $1.69 per share on $22.85 billion in revenue. Recent coverage points to profit growth, cost savings, and a raised outlook as drivers of the stock’s strength. UPS quarterly earnings
• Positive Sentiment: Margin expansion in U.S. domestic packages is a potential growth driver: UPS says it met its third-quarter margin target and expects sequential improvement in the fourth quarter, following its reduction of Amazon delivery volumes. Fool article on UPS growth
• Positive Sentiment: UPS declared its regular quarterly dividend of $1.64 per share, payable December 3. The continued payout may appeal to income-focused investors. UPS dividend announcement
• Negative Sentiment: The dividend has remained at $1.64 for seven quarters, while reports flag that payouts consume a large share of free cash flow—and may have exceeded it. That raises concerns about dividend growth and coverage, even though UPS has maintained its payout. Article on UPS dividend concerns
• Negative Sentiment: Weak package volumes remain a near-term headwind that could limit the benefit of cost savings and improving margins. Article on UPS outlook and risks

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.