United Parcel Service, Inc. $UPS Shares Purchased by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC boosted its position in United Parcel Service, Inc. (NYSE:UPS) by 5.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 120,800 shares of the transportation company’s stock after buying an additional 5,774 shares during the period. Wedge Capital Management L L P NC’s holdings in United Parcel Service were worth $12,986,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of UPS. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of United Parcel Service in the 4th quarter valued at $25,000. IFC & Insurance Marketing Inc. acquired a new stake in shares of United Parcel Service in the fourth quarter worth $25,000. Coston McIsaac & Partners raised its holdings in shares of United Parcel Service by 77.8% during the fourth quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock worth $27,000 after purchasing an additional 119 shares during the last quarter. Torren Management LLC purchased a new position in shares of United Parcel Service during the fourth quarter worth $29,000. Finally, Kemnay Advisory Services Inc. acquired a new position in United Parcel Service during the fourth quarter valued at $29,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on UPS shares. Weiss Ratings lowered shares of United Parcel Service from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, August 3rd. Sanford C. Bernstein lifted their price objective on United Parcel Service from $130.00 to $133.00 and gave the company an “outperform” rating in a research note on Tuesday, July 21st. Susquehanna boosted their price objective on United Parcel Service from $118.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Oppenheimer upped their target price on United Parcel Service from $115.00 to $117.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Finally, Wall Street Zen raised United Parcel Service from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $117.41.

United Parcel Service Stock Performance

UPS opened at $103.73 on Thursday. The firm has a fifty day moving average price of $109.05 and a 200 day moving average price of $106.54. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $122.41. The stock has a market cap of $88.17 billion, a P/E ratio of 19.28, a P/E/G ratio of 1.89 and a beta of 1.06. 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 released its quarterly earnings results on Tuesday, July 28th. The transportation company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.65 by $0.11. United Parcel Service had a net margin of 5.08% and a return on equity of 37.50%. The company had revenue of $22.83 billion for the quarter, compared to analyst estimates of $21.86 billion. During the same quarter last year, the business earned $1.55 earnings per share. The firm’s revenue was up 7.6% on a year-over-year basis. United Parcel Service has set its FY 2026 guidance at 7.220-7.220 EPS. Equities research analysts anticipate that United Parcel Service, Inc. will post 7.22 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Monday, August 17th will be given a dividend of $1.64 per share. The ex-dividend date is Monday, August 17th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.3%. United Parcel Service’s dividend payout ratio (DPR) is 121.93%.

United Parcel Service Company Profile

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.