6,289 United Parcel Service, Inc. $UPS Shares Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA grew its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 312,924 shares of the transportation company’s stock after purchasing an additional 6,289 shares during the period. Pictet Asset Management Holding SA’s holdings in United Parcel Service were worth $29,240,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in UPS. Legacy Wealth Managment LLC ID boosted its holdings in United Parcel Service by 48.6% in the first quarter. Legacy Wealth Managment LLC ID now owns 309 shares of the transportation company’s stock worth $30,000 after acquiring an additional 101 shares in the last quarter. Markowski Investments bought a new position in shares of United Parcel Service in the 2nd quarter worth $30,000. Allied Private Wealth LLC bought a new position in shares of United Parcel Service in the 2nd quarter worth $34,000. Grove Bank & Trust grew its position in United Parcel Service by 49.8% in the 2nd quarter. Grove Bank & Trust now owns 379 shares of the transportation company’s stock valued at $41,000 after purchasing an additional 126 shares during the period. Finally, Community Financial Services Group LLC grew its position in United Parcel Service by 170.1% in the 2nd quarter. Community Financial Services Group LLC now owns 370 shares of the transportation company’s stock valued at $41,000 after purchasing an additional 233 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UPS has been the subject of a number of recent research reports. Truist Financial boosted their price target on shares of United Parcel Service from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, October 28th. Oppenheimer raised their price objective on shares of United Parcel Service from $117.00 to $119.00 and gave the company an “outperform” rating in a research note on Wednesday, October 28th. TD Cowen lifted their price objective on shares of United Parcel Service from $115.00 to $116.00 and gave the company a “hold” rating in a report on Wednesday, October 28th. Susquehanna boosted their target price on shares of United Parcel Service from $118.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Finally, Barclays boosted their target price on shares of United Parcel Service from $80.00 to $95.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 28th. One equities 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 issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $118.45.

United Parcel Service Price Performance

Shares of NYSE UPS opened at $110.97 on Wednesday. The company has a market capitalization of $94.41 billion, a PE ratio of 21.34, a PEG ratio of 1.99 and a beta of 0.98. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.67. The stock’s 50 day moving average price is $100.05 and its 200-day moving average price is $104.73. United Parcel Service, Inc. has a twelve month low of $90.84 and a twelve month high of $122.41.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Wednesday, November 4th. The transportation company reported $1.69 EPS for the quarter. The company had revenue of $22.85 billion during the quarter. United Parcel Service had a return on equity of 37.78% and a net margin of 4.84%. On average, equities analysts anticipate that United Parcel Service, Inc. will post 7.28 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Monday, November 16th will be given a dividend of $1.64 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $6.56 annualized dividend and a dividend yield of 5.9%. United Parcel Service’s dividend payout ratio (DPR) is currently 126.15%.

Key United Parcel Service News

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

• Positive Sentiment: UPS is entering the holiday peak after raising its outlook, a potentially favorable signal for near-term demand and results during its busiest shipping season. United Parcel Service stock enters holiday peak after outlook raise
• Neutral Sentiment: UPS is suing U.S. Customs and Border Protection over tariff refunds that the agency says require a judge’s order to process. A successful case could unlock refunds, but the outcome and timing are uncertain. UPS Takes CBP to Court Over Tariff Refunds
• Neutral Sentiment: An analysis argues UPS could be undervalued based on its cash-generation potential and opportunity in complex logistics, including AI data-center work. This is an analyst valuation view, not a new company announcement. UPS Stock May Be 46% Undervalued On Fresh AI Data Center News
• Negative Sentiment: A dividend-risk article covering high-yield stocks warns that one logistics company has a thin payout-coverage cushion that could be tested by a weak peak season. The summary does not identify the company explicitly, so the risk to UPS is not confirmed. Want Reliable Dividend Income? These 4 High-Yield Stocks Have Balance Sheets Lenders Still Trust

Insider Activity at United Parcel Service

In other news, insider Matthew Guffey sold 8,318 shares of United Parcel Service stock in a transaction on Wednesday, October 28th. The stock was sold at an average price of $105.39, for a total transaction of $876,634.02. Following the sale, the insider directly owned 271 shares in the company, valued at $28,560.69. The trade was a 96.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.19% of the stock is owned by insiders.

About United Parcel Service

United Parcel Service, Inc. (UPS) is a global package delivery and logistics company. Its services include domestic and international shipping, air and ground delivery, freight forwarding, customs brokerage, and supply chain management. UPS also provides solutions for businesses, including warehousing, inventory management, healthcare logistics, and returns processing. Its network serves customers in more than 200 countries and territories. Founded in Seattle in 1907 as the American Messenger Company, UPS is headquartered in Atlanta, Georgia.