United Parcel Service, Inc. $UPS Stock: Convergence Financial LLC Increases Holdings

Convergence Financial LLC raised its position in United Parcel Service, Inc. (NYSE:UPS) by 256.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,981 shares of the transportation company’s stock after buying an additional 9,344 shares during the quarter. Convergence Financial LLC’s holdings in United Parcel Service were worth $1,213,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in UPS. Bank of America Corp DE lifted its holdings in shares of United Parcel Service by 23.3% during the 1st quarter. Bank of America Corp DE now owns 9,728,123 shares of the transportation company’s stock worth $957,053,000 after acquiring an additional 1,836,651 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of United Parcel Service by 5.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,037,626 shares of the transportation company’s stock worth $495,411,000 after acquiring an additional 271,646 shares in the last quarter. Bank of New York Mellon Corp increased its stake in United Parcel Service by 2.1% in the first quarter. Bank of New York Mellon Corp now owns 4,639,324 shares of the transportation company’s stock valued at $456,417,000 after acquiring an additional 97,582 shares during the last quarter. First Trust Advisors LP increased its stake in United Parcel Service by 37.4% in the first quarter. First Trust Advisors LP now owns 3,631,133 shares of the transportation company’s stock valued at $357,231,000 after acquiring an additional 988,442 shares during the last quarter. Finally, Pacer Advisors Inc. increased its stake in United Parcel Service by 8.2% in the first quarter. Pacer Advisors Inc. now owns 3,510,630 shares of the transportation company’s stock valued at $345,376,000 after acquiring an additional 266,396 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on the stock. BMO Capital Markets boosted their price objective on shares of United Parcel Service from $110.00 to $115.00 and gave the company a “market perform” rating in a research report on Wednesday, July 29th. Wells Fargo & Company raised their target price on United Parcel Service from $110.00 to $112.00 and gave the company an “equal weight” rating in a report on Wednesday. Stephens decreased their price target on 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. Weiss Ratings upgraded United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, August 17th. Finally, The Goldman Sachs Group boosted their price target on United Parcel Service from $128.00 to $132.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $118.45.

United Parcel Service Trading Down 0.7%

UPS opened at $105.40 on Thursday. The company’s 50 day moving average is $98.99 and its 200-day moving average is $104.63. United Parcel Service, Inc. has a 1-year low of $90.84 and a 1-year high of $122.41. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.58. The company has a market cap of $89.67 billion, a P/E ratio of 19.59, a PEG ratio of 1.86 and a beta of 1.07.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, October 27th. The transportation company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.07. The company had revenue of $22.90 billion for the quarter, compared to analyst estimates of $22.27 billion. United Parcel Service had a net margin of 5.08% and a return on equity of 37.50%. The firm’s revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.74 EPS. Equities research analysts predict that United Parcel Service, Inc. will post 7.19 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders 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 6.2%. The ex-dividend date of this dividend was Monday, August 17th. United Parcel Service’s payout ratio is presently 121.93%.

Key Headlines Impacting United Parcel Service

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

• Positive Sentiment: Raised 2026 outlook: UPS lifted its full-year adjusted earnings forecast to $7.28 per share from $7.22, while forecasting approximately $92.6 billion in revenue and $8.75 billion in operating profit. UPS Raises Outlook as Revenue Climbs
• Positive Sentiment: Third-quarter beat: Adjusted EPS of $1.69 exceeded the $1.62 consensus, while revenue rose 6.9% year over year to $22.9 billion, ahead of expectations. Free cash flow also increased sharply, supporting the company’s dividend and potential future buybacks. UPS beats quarterly expectations, raises full-year guidance again
• Positive Sentiment: Better shipment mix: Higher-margin international air shipments, premium healthcare and data-center logistics, along with network efficiencies and pricing, are improving margins even as UPS reduces lower-margin Amazon deliveries. UPS raises annual forecasts as higher-paying shipments boost margin
• Positive Sentiment: Analyst support: Citigroup, UBS, Truist, Oppenheimer, TD Cowen, Wells Fargo and Bank of America all raised their UPS price targets. Citi’s target increased to $131 and UBS’s to $125; both maintain buy ratings.
• Neutral Sentiment: Mixed Wall Street outlook: Barclays raised its target to $95 but retained an underweight rating, indicating that some analysts believe the stock’s recovery is already reflected in its valuation.
• Negative Sentiment: Volume remains a concern: Domestic package volumes are declining, and UPS expects to generate higher profits from fewer holiday deliveries. That strategy improves near-term margins but could limit revenue growth and raises questions about the sustainability of the recovery. UPS Q3 Earnings Call Highlights Margin Gains and Raised Outlook

About United Parcel Service

United Parcel Service, Inc (NYSE: UPS) is a global package delivery and logistics company. Its services include the transportation and delivery of packages and freight, time-definite express delivery, supply chain management, customs brokerage, and logistics consulting. UPS serves businesses and consumers through ground, air, and international delivery networks.

The company operates across the United States and in international markets throughout Europe, Asia-Pacific, Latin America, Canada, and other regions.