United Parcel Service, Inc. $UPS Shares Bought by Palouse Capital Management Inc.

Palouse Capital Management Inc. grew its stake in United Parcel Service, Inc. (NYSE:UPS) by 34.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,912 shares of the transportation company’s stock after purchasing an additional 11,320 shares during the quarter. United Parcel Service makes up 2.3% of Palouse Capital Management Inc.’s holdings, making the stock its 12th biggest position. Palouse Capital Management Inc.’s holdings in United Parcel Service were worth $3,668,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of UPS. Evelyn Partners Investment Management Europe Ltd boosted its holdings in United Parcel Service by 110.1% in the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock worth $25,000 after buying an additional 131 shares during the last quarter. Mid American Wealth Advisory Group Inc. purchased a new position in shares of United Parcel Service in the second quarter valued at approximately $26,000. Flaharty Asset Management LLC acquired a new stake in shares of United Parcel Service in the first quarter worth approximately $33,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of United Parcel Service during the second quarter worth approximately $34,000. Finally, RMG Wealth Management LLC acquired a new position in United Parcel Service in the 2nd quarter valued at $34,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of United Parcel Service in a research note on Wednesday, October 8th. Citigroup raised their price target on shares of United Parcel Service from $120.00 to $126.00 and gave the stock a “buy” rating in a research note on Thursday. Stephens upgraded shares of United Parcel Service to a “hold” rating in a report on Wednesday, October 29th. Stifel Nicolaus boosted their target price on United Parcel Service from $110.00 to $112.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Finally, UBS Group upped their price target on United Parcel Service from $113.00 to $116.00 and gave the company a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seventeen have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $110.38.

United Parcel Service Price Performance

NYSE:UPS opened at $107.01 on Friday. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $136.99. The stock’s fifty day moving average is $97.63 and its two-hundred day moving average is $93.02. The company has a market capitalization of $90.78 billion, a P/E ratio of 16.54, a P/E/G ratio of 2.38 and a beta of 1.11. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.50.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.43. The firm had revenue of $21.42 billion during 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% on a year-over-year basis. During the same period last year, the company earned $1.76 EPS. Equities analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Monday, November 17th were given a dividend of $1.64 per share. The ex-dividend date was Monday, November 17th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.1%. United Parcel Service’s dividend payout ratio (DPR) is currently 101.39%.

More United Parcel Service News

Here are the key news stories impacting United Parcel Service this week:

• Positive Sentiment: Margin-focused earnings beat highlighted by management’s “Efficiency Reimagined” actions — markets cheered improved margins and execution that drove the post-release rally. United Parcel Service (UPS) Is Up 6.3% After Margin-Focused Earnings Beat From Efficiency Reimagined
• Positive Sentiment: Citigroup raised its price target to $126 with a “buy” rating, implying roughly mid-teens upside versus current levels — a catalyst for further buying interest from institutional investors. Analyst Ratings (BayStreet.CA)
• Positive Sentiment: UBS also bumped its target to $116 and maintained a “buy” stance, reinforcing the analyst upgrade momentum supporting the stock. UBS price target raise (Benzinga)
• Positive Sentiment: Recent coverage notes UPS has outperformed the broader market recently, supporting the narrative that the company is stabilizing after prior volume and margin pressure. United Parcel Service (UPS) Surpasses Market Returns: Some Facts Worth Knowing
• Neutral Sentiment: Wolfe Research reiterated a “peer perform” rating — a neutral stance that may limit upside from that broker but doesn’t counter the recent buy-side upgrades. Wolfe Research peer perform reaffirmation
• Neutral Sentiment: Macro commentary: a Fed governor urged sizable rate cuts this year, which could be supportive for equities broadly (including cyclical logistics names) but timing/scale remain uncertain. Fed Governor Wants Huge Rate Cuts This Year
• Negative Sentiment: Comparisons to peers: analysis shows Wabtec (WAB) outpacing UPS on dividend profile and growth, a reminder investors may rotate to peers perceived as stronger yield/growth combos. UPS vs. WAB: Which Dividend-Paying Transportation Stock Has an Edge?

United Parcel Service 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.