OceanIQ Capital LLC Takes $651,000 Position in United Parcel Service, Inc. $UPS

OceanIQ Capital LLC acquired a new position in United Parcel Service, Inc. (NYSE:UPS) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,236 shares of the transportation company’s stock, valued at approximately $651,000.

Other large investors also recently added to or reduced their stakes in the company. Oakmont Investment Advisors Inc. purchased a new stake in United Parcel Service during the second quarter valued at approximately $411,000. Blalock Williams LLC bought a new position in United Parcel Service in the 2nd quarter worth $229,000. Odyssean LLC lifted its position in United Parcel Service by 109.9% during the second quarter. Odyssean LLC now owns 11,656 shares of the transportation company’s stock valued at $1,253,000 after purchasing an additional 6,102 shares in the last quarter. Syon Capital LLC lifted its position in United Parcel Service by 1.6% during the second quarter. Syon Capital LLC now owns 7,252 shares of the transportation company’s stock valued at $780,000 after purchasing an additional 112 shares in the last quarter. Finally, Barlow Wealth Partners LLC grew its holdings in United Parcel Service by 22.7% during the second quarter. Barlow Wealth Partners LLC now owns 3,249 shares of the transportation company’s stock valued at $357,000 after purchasing an additional 600 shares during the period. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Price Performance

Shares of United Parcel Service stock opened at $102.30 on Friday. The firm has a market cap of $87.03 billion, a PE ratio of 19.01, a PEG ratio of 1.85 and a beta of 1.06. The stock has a 50 day moving average of $107.78 and a 200 day moving average of $105.49. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.58. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $122.41.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data 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. The business had revenue of $22.83 billion for the quarter, compared to analysts’ expectations of $21.86 billion. United Parcel Service had a return on equity of 37.50% and a net margin of 5.08%.The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period 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. On average, research analysts expect that United Parcel Service, Inc. will post 7.22 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Monday, August 17th were given a dividend of $1.64 per share. The ex-dividend date was Monday, August 17th. This represents a $6.56 annualized dividend and a yield of 6.4%. United Parcel Service’s dividend payout ratio (DPR) is 121.93%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Citigroup raised their price objective on United Parcel Service from $127.00 to $132.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Wall Street Zen raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Stephens decreased their target price on shares of United Parcel Service from $135.00 to $130.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 29th. BMO Capital Markets increased their price objective on shares of United Parcel Service from $110.00 to $115.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 29th. Finally, Stifel Nicolaus raised their price objective on shares of United Parcel Service from $114.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $117.41.

About United Parcel Service

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.