United Parcel Service, Inc. $UPS Shares Purchased by Saudi Central Bank

Saudi Central Bank increased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 91.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 52,130 shares of the transportation company’s stock after purchasing an additional 24,853 shares during the quarter. Saudi Central Bank’s holdings in United Parcel Service were worth $5,604,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in United Parcel Service in the fourth quarter valued at $902,446,000. Victory Capital Management Inc. lifted its stake in shares of United Parcel Service by 72.9% in the 4th quarter. Victory Capital Management Inc. now owns 13,818,314 shares of the transportation company’s stock valued at $1,370,639,000 after purchasing an additional 5,826,824 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of United Parcel Service by 175.7% during the 4th quarter. AQR Capital Management LLC now owns 5,200,135 shares of the transportation company’s stock worth $515,801,000 after purchasing an additional 3,314,166 shares during the period. Pacer Advisors Inc. grew its holdings in shares of United Parcel Service by 507.8% during the 4th quarter. Pacer Advisors Inc. now owns 3,244,234 shares of the transportation company’s stock worth $321,796,000 after purchasing an additional 2,710,470 shares during the period. Finally, Wellington Management Group LLP increased 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 worth $327,521,000 after purchasing an additional 2,206,666 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Price Performance

UPS stock opened at $102.30 on Monday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.58. The company has a market capitalization of $87.03 billion, a PE ratio of 19.01, a P/E/G ratio of 1.83 and a beta of 1.06. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $122.41. The business’s fifty day moving average price is $107.78 and its 200 day moving average price is $105.39.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, July 28th. The transportation company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.11. The company had revenue of $22.83 billion during the quarter, compared to analysts’ expectations of $21.86 billion. United Parcel Service had a return on equity of 37.50% and a net margin of 5.08%.United Parcel Service’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period last year, the business posted $1.55 EPS. United Parcel Service has set its FY 2026 guidance at 7.220-7.220 EPS. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.22 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Monday, August 17th were given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend was Monday, August 17th. United Parcel Service’s dividend payout ratio is currently 121.93%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on UPS shares. Susquehanna boosted their price objective on shares of United Parcel Service from $118.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Weiss Ratings raised shares of United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, August 17th. Wall Street Zen upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Stifel Nicolaus boosted their price target on shares of United Parcel Service from $114.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Finally, Citigroup upped their price objective on shares of United Parcel Service from $127.00 to $132.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, United Parcel Service has a consensus rating of “Hold” and an average target price of $117.41.

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.