19,456 United Parcel Service, Inc. $UPS Shares Sold by Bank of New Hampshire

Key Points

• Bank of New Hampshire cut its UPS position by 56.4% in the third quarter, selling 19,456 shares and retaining 15,036 shares valued at approximately $1.4 million. Institutional investors collectively own 60.26% of UPS.
• Analyst sentiment remains mixed, with UPS carrying a consensus “Hold” rating and an average price target of $116.65. Price targets ranged from $108 to $131.
• UPS shares traded near $93.10, below their 50-day and 200-day moving averages, while the company reported quarterly revenue growth of 7.6% and earnings of $1.76 per share, exceeding analyst estimates.

Bank of New Hampshire lessened its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 56.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,036 shares of the transportation company's stock after selling 19,456 shares during the quarter. Bank of New Hampshire's holdings in United Parcel Service were worth $1,405,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Potomac Fund Management Inc. ADV lifted its position in United Parcel Service by 0.8% during the fourth quarter. Potomac Fund Management Inc. ADV now owns 11,324 shares of the transportation company's stock valued at $1,123,000 after buying an additional 90 shares during the period. Legacy Wealth Managment LLC ID lifted its position in United Parcel Service by 48.6% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 309 shares of the transportation company's stock valued at $30,000 after acquiring an additional 101 shares during the period. Wealth Alliance LLC lifted its position in United Parcel Service by 3.5% during the 1st quarter. Wealth Alliance LLC now owns 3,013 shares of the transportation company's stock valued at $296,000 after acquiring an additional 102 shares during the period. Altus Wealth Group LLC boosted its stake in United Parcel Service by 1.3% during the first quarter. Altus Wealth Group LLC now owns 7,839 shares of the transportation company's stock worth $771,000 after acquiring an additional 104 shares in the last quarter. Finally, TSG Advice Partners LLC grew its holdings in United Parcel Service by 2.2% in the first quarter. TSG Advice Partners LLC now owns 4,921 shares of the transportation company's stock worth $484,000 after purchasing an additional 105 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on UPS. Bank of America dropped their price target on United Parcel Service from $115.00 to $108.00 and set a "neutral" rating on the stock in a research report on Monday, September 21st. Weiss Ratings raised United Parcel Service from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday, August 17th. Citizens Jmp assumed coverage on shares of United Parcel Service in a research note on Wednesday, July 15th. They set a "market perform" rating for the company. Raymond James Financial lifted their target price on shares of United Parcel Service from $127.00 to $131.00 and gave the stock a "strong-buy" rating in a report on Wednesday, July 29th. Finally, Wall Street Zen downgraded shares of United Parcel Service from a "buy" rating to a "hold" rating in a research note on Saturday, September 19th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, United Parcel Service currently has a consensus rating of "Hold" and an average target price of $116.65.

United Parcel Service Stock Performance

UPS traded down $0.04 during midday trading on Tuesday, hitting $93.10. 3,899,941 shares of the company traded hands, compared to its average volume of 5,670,846. The company's 50-day moving average is $101.30 and its 200 day moving average is $103.72. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.58. The firm has a market capitalization of $79.21 billion, a PE ratio of 17.30, a price-to-earnings-growth ratio of 1.71 and a beta of 1.07. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $122.41.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The transportation company reported $1.76 EPS for the quarter, topping analysts' consensus estimates of $1.65 by $0.11. United Parcel Service had a net margin of 5.08% and a return on equity of 37.50%. The firm had revenue of $22.83 billion during the quarter, compared to analyst estimates of $21.86 billion. During the same period in the previous year, the business posted $1.55 earnings per share. The business's revenue for the quarter was up 7.6% on a year-over-year basis. 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 7.21 EPS for the current year.

United Parcel Service Dividend Announcement

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. The ex-dividend date was Monday, August 17th. This represents a $6.56 dividend on an annualized basis and a yield of 7.0%. United Parcel Service's payout ratio is currently 121.93%.

United Parcel Service Profile

United Parcel Service, Inc NYSE: UPS is a global logistics and package delivery company that provides transportation and supply chain management services to businesses and consumers. Its operations include the pickup, transportation and delivery of packages, documents and freight through ground, air and international networks.

UPS also offers logistics and supply chain solutions, including warehousing, distribution, customs brokerage, contract logistics, returns management and specialized services for healthcare and other industries.

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