Portland Investment Counsel Inc. Invests $978,000 in United Parcel Service, Inc. $UPS

Portland Investment Counsel Inc. acquired a new position in shares of United Parcel Service, Inc. (NYSE:UPS) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 9,100 shares of the transportation company’s stock, valued at approximately $978,000.

Several other institutional investors also recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. purchased a new stake in United Parcel Service in the fourth quarter valued at about $25,000. IFC & Insurance Marketing Inc. acquired a new position in shares of United Parcel Service during the fourth quarter valued at about $25,000. Coston McIsaac & Partners increased 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 valued at $27,000 after acquiring an additional 119 shares in the last quarter. Torren Management LLC acquired a new position in shares of United Parcel Service during the fourth quarter valued at about $29,000. Finally, Kemnay Advisory Services Inc. purchased a new position in shares of United Parcel Service in the 4th quarter valued at approximately $29,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Trading Up 0.0%

United Parcel Service stock opened at $102.06 on Monday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.58. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $122.41. The company has a market capitalization of $86.83 billion, a price-to-earnings ratio of 18.97, a price-to-earnings-growth ratio of 1.84 and a beta of 1.06. The stock has a 50-day moving average price of $108.40 and a 200 day moving average price of $106.35.

United Parcel Service (NYSE:UPS) last issued 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. United Parcel Service had a return on equity of 37.50% and a net margin of 5.08%.The firm had revenue of $22.83 billion for the quarter, compared to analyst estimates of $21.86 billion. During the same quarter in the prior year, the firm earned $1.55 earnings per share. United Parcel Service’s revenue for the quarter 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. 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 disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Monday, August 17th will be issued a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend is Monday, August 17th. United Parcel Service’s dividend payout ratio is 121.93%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Oppenheimer lifted their target price on shares of United Parcel Service from $115.00 to $117.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Citizens Jmp assumed coverage on shares of United Parcel Service in a report on Wednesday, July 15th. They issued a “market perform” rating for the company. Susquehanna raised their price target on shares of United Parcel Service from $118.00 to $120.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Stifel Nicolaus lifted their price objective on shares of United Parcel Service from $114.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Finally, Sanford C. Bernstein boosted their price objective on shares of United Parcel Service from $130.00 to $133.00 and gave the company an “outperform” rating in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $117.41.

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.