Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 944,599 shares of the transportation company’s stock, valued at approximately $88,263,000.
Other institutional investors also recently bought and sold shares of the company. Markowski Investments bought a new position in United Parcel Service during the second quarter valued at $30,000. Allied Private Wealth LLC purchased a new stake in shares of United Parcel Service in the second quarter valued at $34,000. Legacy Wealth Managment LLC ID lifted its holdings in shares of United Parcel Service by 48.6% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 309 shares of the transportation company’s stock worth $30,000 after acquiring an additional 101 shares during the last quarter. Community Financial Services Group LLC lifted its holdings in shares of United Parcel Service by 170.1% in the 2nd quarter. Community Financial Services Group LLC now owns 370 shares of the transportation company’s stock worth $41,000 after acquiring an additional 233 shares during the last quarter. Finally, Grove Bank & Trust boosted its stake in shares of United Parcel Service by 49.8% during the 2nd quarter. Grove Bank & Trust now owns 379 shares of the transportation company’s stock worth $41,000 after purchasing an additional 126 shares during the period. 60.26% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
UPS has been the topic of several analyst reports. BNP Paribas Exane cut their price target on shares of United Parcel Service from $90.00 to $85.00 and set an “underperform” rating on the stock in a report on Wednesday, September 30th. The Goldman Sachs Group upped their target price on United Parcel Service from $128.00 to $132.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Citizens Jmp started coverage on United Parcel Service in a research note on Wednesday, July 15th. They set a “market perform” rating for the company. Wells Fargo & Company raised their price target on United Parcel Service from $110.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Finally, Citigroup boosted their price objective on United Parcel Service from $122.00 to $131.00 and gave the company a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, United Parcel Service has an average rating of “Hold” and a consensus target price of $118.45.
Insider Buying and Selling at United Parcel Service
In other news, insider Matthew W. Guffey sold 8,318 shares of the company’s stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $105.39, for a total transaction of $876,634.02. Following the transaction, the insider owned 271 shares in the company, valued at $28,560.69. This represents a 96.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.19% of the company’s stock.
United Parcel Service Stock Performance
United Parcel Service stock opened at $108.35 on Friday. The company has a 50 day moving average price of $99.19 and a 200-day moving average price of $104.63. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.18 and a current ratio of 1.24. United Parcel Service, Inc. has a fifty-two week low of $90.84 and a fifty-two week high of $122.41. The company has a market capitalization of $92.18 billion, a PE ratio of 20.84, a P/E/G ratio of 1.94 and a beta of 1.07.
United Parcel Service (NYSE:UPS – Get Free Report) last issued its earnings results on Tuesday, October 27th. The transportation company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.07. The company had revenue of $22.90 billion for the quarter, compared to analysts’ expectations of $22.27 billion. United Parcel Service had a net margin of 4.84% and a return on equity of 37.78%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.74 EPS. As a group, equities analysts forecast that United Parcel Service, Inc. will post 7.28 earnings per share for the current year.
United Parcel Service Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Monday, August 17th were paid a dividend of $1.64 per share. The ex-dividend date was Monday, August 17th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.1%. United Parcel Service’s payout ratio is presently 126.15%.
Key Stories Impacting United Parcel Service
Here are the key news stories impacting United Parcel Service this week:
- Positive Sentiment: UPS exceeded quarterly expectations, reporting $22.90 billion in revenue and adjusted earnings of $1.69 per share versus consensus estimates of $22.27 billion and $1.62, respectively. Management cited stronger premium services, international trade lanes, automation, and improved customer mix. 5 revealing analyst questions from United Parcel Service’s Q3 earnings call
- Positive Sentiment: UPS raised its outlook despite declining shipment volume, suggesting that higher revenue per package, productivity improvements, and cost control are more than offsetting weaker demand. The company plans to use automation and radio-frequency tracking for approximately 70% of packages during the holiday season. Why Did United Parcel Service Raise Guidance Despite Falling Volume?
- Positive Sentiment: Several analysts, including Wells Fargo, Truist, Barclays, Citigroup, Oppenheimer, Bank of America, and UBS, issued bullish commentary or increased their price targets. The recommendations reinforce the view that UPS’s earnings recovery and valuation offer additional upside. Wells Fargo expects UPS stock to rise
- Neutral Sentiment: Comparisons with FedEx highlight UPS’s improved earnings momentum, dividend appeal, and valuation, but also emphasize that future returns depend on sustaining margin gains while handling fewer packages. UPS vs. FedEx: Which Stock Is the Better Buy After Strong Q3 Results?
- Negative Sentiment: Insider Matthew W. Guffey sold 8,318 UPS shares for approximately $876,634, reducing his remaining ownership by 96.84%. While one insider sale is not necessarily a fundamental signal, it may modestly weigh on sentiment. SEC insider transaction filing
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.
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