Corient Private Wealth LP Sells 36,528 Shares of United Parcel Service, Inc. $UPS

Key Points

• Corient Private Wealth LP cut its UPS stake by 12.2%, selling 36,528 shares in the second quarter and retaining 264,084 shares valued at approximately $28.4 million. Institutional investors collectively own 60.26% of UPS.
• UPS reported quarterly EPS of $1.76, above the $1.65 consensus estimate, while revenue rose 7.6% year over year to $22.83 billion. The company also pays a quarterly dividend of $1.64, equal to a 6.5% annualized yield.
• Analysts maintain a generally neutral view, with UPS carrying a consensus “Hold” rating and an average price target of $117.41 versus a recent share price of $100.22.

Corient Private Wealth LP decreased its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 12.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 264,084 shares of the transportation company's stock after selling 36,528 shares during the period. Corient Private Wealth LP's holdings in United Parcel Service were worth $28,389,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. LFG Wealth Partners LLC purchased a new stake in shares of United Parcel Service in the 4th quarter worth $1,207,000. RiverFront Investment Group LLC grew its position in shares of United Parcel Service by 937.9% during the 4th quarter. RiverFront Investment Group LLC now owns 245,564 shares of the transportation company's stock worth $24,358,000 after buying an additional 221,905 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of United Parcel Service by 1.5% during the fourth quarter. Bank of New York Mellon Corp now owns 4,541,742 shares of the transportation company's stock valued at $450,495,000 after buying an additional 65,652 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in shares of United Parcel Service by 4.0% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 435,126 shares of the transportation company's stock valued at $43,160,000 after buying an additional 16,764 shares during the period. Finally, Sigma Planning Corp raised its holdings in shares of United Parcel Service by 37.1% in the first quarter. Sigma Planning Corp now owns 36,722 shares of the transportation company's stock valued at $3,613,000 after acquiring an additional 9,941 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Trading Down 0.1%

Shares of NYSE UPS opened at $100.22 on Monday. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $122.41. The business has a fifty day moving average price of $106.89 and a 200 day moving average price of $104.85. The stock has a market capitalization of $85.27 billion, a P/E ratio of 18.63, a price-to-earnings-growth ratio of 1.79 and a beta of 1.06. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.18 and a quick ratio of 1.18.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its earnings results on Tuesday, July 28th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.11. The company had revenue of $22.83 billion for the quarter, compared to analyst estimates of $21.86 billion. United Parcel Service had a return on equity of 37.50% and a net margin of 5.08%.The firm's quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.55 earnings per share. United Parcel Service has set its FY 2026 guidance at 7.220-7.220 EPS. Equities research analysts expect that United Parcel Service, Inc. will post 7.22 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Monday, August 17th were given a $1.64 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.5%. United Parcel Service's payout ratio is presently 121.93%.

Analysts Set New Price Targets

A number of analysts recently weighed in on UPS shares. BMO Capital Markets upped 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. Oppenheimer boosted their price target on shares of United Parcel Service from $115.00 to $117.00 and gave the company an "outperform" rating in a report on Wednesday, July 29th. Weiss Ratings raised shares of United Parcel Service from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday, August 17th. Stifel Nicolaus increased 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 note on Wednesday, July 29th. Finally, Stephens dropped their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $117.41.

United Parcel Service Company Profile

United Parcel Service, Inc NYSE: UPS is a global package delivery and logistics company that provides transportation, distribution and supply-chain services. Its offerings include time-definite delivery of packages and documents, ground and air transportation, international shipping, freight services, customs brokerage and logistics management.

UPS serves businesses and consumers in the United States and across international markets, connecting customers in more than 200 countries and territories.

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