United Parcel Service, Inc. $UPS Shares Sold by Legal & General Group Plc

Legal & General Group Plc decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 2.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 4,117,171 shares of the transportation company’s stock after selling 87,809 shares during the period. Legal & General Group Plc owned about 0.49% of United Parcel Service worth $415,587,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. DNB Asset Management AS increased its holdings in United Parcel Service by 3.1% during the 2nd quarter. DNB Asset Management AS now owns 280,824 shares of the transportation company’s stock valued at $28,346,000 after acquiring an additional 8,405 shares in the last quarter. Swiss National Bank grew its position in shares of United Parcel Service by 7.6% in the second quarter. Swiss National Bank now owns 2,220,400 shares of the transportation company’s stock valued at $224,127,000 after purchasing an additional 157,700 shares during the last quarter. Willis Investment Counsel increased its stake in shares of United Parcel Service by 8.7% during the 2nd quarter. Willis Investment Counsel now owns 260,548 shares of the transportation company’s stock worth $26,300,000 after purchasing an additional 20,817 shares in the last quarter. Handelsbanken Fonder AB raised its position in shares of United Parcel Service by 25.1% during the 2nd quarter. Handelsbanken Fonder AB now owns 366,978 shares of the transportation company’s stock worth $37,043,000 after purchasing an additional 73,667 shares during the last quarter. Finally, Prudential PLC raised its position in shares of United Parcel Service by 32.5% during the 2nd quarter. Prudential PLC now owns 13,928 shares of the transportation company’s stock worth $1,406,000 after purchasing an additional 3,414 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on UPS. Bank of America dropped their price target on United Parcel Service from $83.00 to $81.00 and set an “underperform” rating for the company in a research report on Friday, September 26th. JPMorgan Chase & Co. boosted their target price on shares of United Parcel Service from $85.00 to $97.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Evercore ISI decreased their price target on shares of United Parcel Service from $103.00 to $97.00 and set an “in-line” rating on the stock in a research note on Wednesday, July 30th. Vertical Research reissued a “hold” rating and issued a $103.00 price objective on shares of United Parcel Service in a research report on Wednesday, July 30th. Finally, Truist Financial raised their target price on shares of United Parcel Service from $100.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $110.00.

United Parcel Service Trading Up 4.0%

Shares of UPS opened at $94.54 on Friday. The stock’s fifty day simple moving average is $88.78 and its 200 day simple moving average is $92.82. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $138.67. The company has a current ratio of 1.30, a quick ratio of 1.32 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $80.21 billion, a P/E ratio of 14.61, a price-to-earnings-growth ratio of 2.29 and a beta of 1.11.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.43. The company had revenue of $21.42 billion for the quarter, compared to the consensus estimate of $20.94 billion. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.The company’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period last year, the business posted $1.76 EPS. United Parcel Service has set its Q4 2025 guidance at EPS. On average, equities research analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Monday, November 17th will be given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend is Monday, November 17th. United Parcel Service’s payout ratio is 101.39%.

About United Parcel Service

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.