Assenagon Asset Management S.A. Has $85.70 Million Stock Holdings in United Parcel Service, Inc. $UPS

Key Points

• Assenagon Asset Management increased its UPS position by 1,068.1% in the second quarter, ending with 797,176 shares valued at approximately $85.7 million. Institutional investors collectively own 60.26% of UPS.
• Analyst sentiment remains mixed, with UPS holding a consensus rating of “Hold” and an average price target of $117.41. Recent targets range from $115 to $130, while one ratings firm downgraded the stock to sell.
• UPS beat quarterly expectations with adjusted earnings of $1.76 per share and revenue of $22.83 billion, up 7.6% year over year. The company declared a quarterly dividend of $1.64, representing a 6.3% annualized yield, though its payout ratio stands above 100%.

Assenagon Asset Management S.A. lifted its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 1,068.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 797,176 shares of the transportation company's stock after purchasing an additional 728,928 shares during the quarter. Assenagon Asset Management S.A. owned 0.09% of United Parcel Service worth $85,696,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Brighton Jones LLC grew its position in United Parcel Service by 63.8% during the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company's stock worth $1,529,000 after acquiring an additional 4,723 shares during the last quarter. Sivia Capital Partners LLC bought a new position in United Parcel Service in the 2nd quarter valued at $277,000. SVB Wealth LLC bought a new position in United Parcel Service in the 2nd quarter valued at $848,000. Treasurer of the State of North Carolina boosted its stake in United Parcel Service by 2.7% in the second quarter. Treasurer of the State of North Carolina now owns 342,866 shares of the transportation company's stock worth $34,609,000 after purchasing an additional 9,124 shares in the last quarter. Finally, Ieq Capital LLC boosted its stake in United Parcel Service by 154.5% in the second quarter. Ieq Capital LLC now owns 104,819 shares of the transportation company's stock worth $10,580,000 after purchasing an additional 63,629 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

Wall Street Analyst Weigh In

UPS has been the subject of a number of research reports. BMO Capital Markets raised their target price on United Parcel Service from $110.00 to $115.00 and gave the company a "market perform" rating in a research note on Wednesday, July 29th. Weiss Ratings downgraded shares of United Parcel Service from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday. Stifel Nicolaus increased their price objective on shares of United Parcel Service from $114.00 to $115.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. Stephens lowered their price objective on shares of United Parcel Service from $135.00 to $130.00 and set an "overweight" rating for the company in a research report on Wednesday, July 29th. Finally, Oppenheimer boosted their target price on shares of United Parcel Service from $115.00 to $117.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, United Parcel Service currently has an average rating of "Hold" and a consensus target price of $117.41.

United Parcel Service Trading Up 1.3%

NYSE UPS opened at $104.56 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 1.21 and a current ratio of 1.18. The stock's 50 day moving average price is $109.33 and its two-hundred day moving average price is $106.62. The stock has a market capitalization of $88.88 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 1.87 and a beta of 1.06.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.65 by $0.11. The company had revenue of $22.83 billion for the quarter, compared to the consensus estimate 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 revenue was up 7.6% compared to the same quarter last year. During the same period last year, the company earned $1.55 earnings per share. United Parcel Service has set its FY 2026 guidance at 7.220-7.220 EPS. As a group, analysts anticipate that United Parcel Service, Inc. will post 7.21 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Monday, August 17th will be paid a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.3%. The ex-dividend date is Monday, August 17th. United Parcel Service's payout ratio is presently 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.

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