Orca Investment Management LLC Makes New Investment in United Parcel Service, Inc. $UPS

Orca Investment Management LLC purchased a new position 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 (SEC). The fund purchased 15,714 shares of the transportation company’s stock, valued at approximately $1,689,000. United Parcel Service comprises approximately 1.2% of Orca Investment Management LLC’s holdings, making the stock its 27th biggest holding.

Several other hedge funds also recently modified their holdings of UPS. Norges Bank acquired a new stake in shares of United Parcel Service in the fourth quarter worth $902,446,000. Victory Capital Management Inc. raised its stake in United Parcel Service by 72.9% during the 4th quarter. Victory Capital Management Inc. now owns 13,818,314 shares of the transportation company’s stock valued at $1,370,639,000 after purchasing an additional 5,826,824 shares during the last quarter. AQR Capital Management LLC raised its stake in United Parcel Service by 175.7% during the 4th quarter. AQR Capital Management LLC now owns 5,200,135 shares of the transportation company’s stock valued at $515,801,000 after purchasing an additional 3,314,166 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in United Parcel Service by 507.8% in the 4th quarter. Pacer Advisors Inc. now owns 3,244,234 shares of the transportation company’s stock valued at $321,796,000 after purchasing an additional 2,710,470 shares during the period. Finally, Bank of America Corp DE boosted its holdings in United Parcel Service by 23.3% in the 1st quarter. Bank of America Corp DE now owns 9,728,123 shares of the transportation company’s stock valued at $957,053,000 after purchasing an additional 1,836,651 shares during the period. 60.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on UPS shares. Susquehanna boosted their price objective 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. Stephens reduced their target price on shares of United Parcel Service from $135.00 to $130.00 and set an “overweight” rating for the company in a research note on Wednesday, July 29th. Sanford C. Bernstein lifted their target price on United Parcel Service from $130.00 to $133.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 21st. Citizens Jmp assumed coverage on United Parcel Service in a research report on Wednesday, July 15th. They set a “market perform” rating on the stock. Finally, Stifel Nicolaus boosted their price target on United Parcel Service from $114.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $117.41.

United Parcel Service Stock Down 1.0%

Shares of NYSE UPS opened at $104.53 on Friday. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $122.41. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.18 and a current ratio of 1.18. The business has a fifty day moving average of $108.88 and a two-hundred day moving average of $106.51. The stock has a market cap of $88.85 billion, a PE ratio of 19.43, a PEG ratio of 1.89 and a beta of 1.06.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, July 28th. The transportation company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.11. The business had revenue of $22.83 billion for the quarter, compared to analyst estimates of $21.86 billion. United Parcel Service had a net margin of 5.08% and a return on equity of 37.50%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.55 EPS. United Parcel Service has set its FY 2026 guidance at 7.220-7.220 EPS. As a group, equities research analysts expect 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 will be paid on Thursday, September 3rd. Shareholders of record on Monday, August 17th will be given a $1.64 dividend. The ex-dividend date is Monday, August 17th. This represents a $6.56 dividend on an annualized basis and a yield of 6.3%. United Parcel Service’s payout ratio is 121.93%.

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.