VIRGINIA RETIREMENT SYSTEMS ET Al Acquires Shares of 63,500 United Parcel Service, Inc. $UPS

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 63,500 shares of the transportation company’s stock, valued at approximately $6,826,000.

Several other large investors also recently modified their holdings of the stock. Brighton Jones LLC raised its position in shares of United Parcel Service by 63.8% in the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after buying an additional 4,723 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of United Parcel Service during the 2nd quarter worth approximately $277,000. SVB Wealth LLC acquired a new stake in shares of United Parcel Service during the 2nd quarter worth approximately $848,000. Treasurer of the State of North Carolina increased its stake in United Parcel Service by 2.7% in the second quarter. Treasurer of the State of North Carolina now owns 342,866 shares of the transportation company’s stock valued at $34,609,000 after acquiring an additional 9,124 shares during the last quarter. Finally, Ieq Capital LLC increased its stake in United Parcel Service by 154.5% in the second quarter. Ieq Capital LLC now owns 104,819 shares of the transportation company’s stock valued at $10,580,000 after acquiring an additional 63,629 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $100.55 on Wednesday. The company’s 50 day moving average price is $107.53 and its two-hundred day moving average price is $105.19. The firm has a market capitalization of $85.55 billion, a P/E ratio of 18.69, a P/E/G ratio of 1.83 and a beta of 1.06. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $122.41. 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 announced its quarterly earnings results on Tuesday, July 28th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $21.86 billion. During the same period in the prior year, the business earned $1.55 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. United Parcel Service has set its FY 2026 guidance at 7.220-7.220 EPS. On average, equities analysts forecast that United Parcel Service, Inc. will post 7.22 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company 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. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend was Monday, August 17th. United Parcel Service’s dividend payout ratio (DPR) is presently 121.93%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on UPS shares. UBS Group upped their target price on United Parcel Service from $123.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Stephens lowered their price target on United Parcel Service from $135.00 to $130.00 and set an “overweight” rating for the company in a report on Wednesday, July 29th. Stifel Nicolaus upped their price objective on United Parcel Service from $114.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Citigroup raised their price objective on United Parcel Service from $127.00 to $132.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Finally, Citizens Jmp assumed coverage on United Parcel Service in a research report on Wednesday, July 15th. They issued a “market perform” rating on the stock. 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 MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $117.41.

About United Parcel Service

United Parcel Service, Inc (NYSE: UPS) is a global package delivery and logistics company that provides transportation, distribution and supply-chain services. Its offerings include time-definite delivery of packages and documents, ground and air transportation, international shipping, freight services, customs brokerage and logistics management.

UPS serves businesses and consumers in the United States and across international markets, connecting customers in more than 200 countries and territories.