Kestra Private Wealth Services LLC Sells 11,363 Shares of United Parcel Service, Inc. $UPS

Key Points

• Kestra Private Wealth Services reduced its UPS stake by 23.1% in the third quarter, selling 11,363 shares and ending the period with 37,767 shares valued at about $3.53 million. Institutional investors and hedge funds collectively own 60.26% of UPS.
• UPS reported quarterly earnings of $1.69 per share on $22.85 billion in revenue. Analysts’ consensus rating was Hold, with an average price target of $118.45.
• UPS declared a quarterly dividend of $1.64 per share ($6.56 annualized), a yield of roughly 5.9%; the article notes the payout ratio is 126.15%.

Kestra Private Wealth Services LLC cut its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 23.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,767 shares of the transportation company's stock after selling 11,363 shares during the period. Kestra Private Wealth Services LLC's holdings in United Parcel Service were worth $3,529,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cowa LLC increased its position in shares of United Parcel Service by 11.9% in the third quarter. Cowa LLC now owns 26,466 shares of the transportation company's stock valued at $2,473,000 after buying an additional 2,820 shares in the last quarter. Cordgrass Capital Advisors LLC boosted its position in shares of United Parcel Service by 1.5% in the 3rd quarter. Cordgrass Capital Advisors LLC now owns 20,205 shares of the transportation company's stock worth $1,888,000 after buying an additional 304 shares in the last quarter. Ascent Group LLC boosted its position in shares of United Parcel Service by 3.6% in the 3rd quarter. Ascent Group LLC now owns 27,184 shares of the transportation company's stock worth $2,540,000 after buying an additional 940 shares in the last quarter. MH & Associates Securities Management Corp ADV purchased a new stake in shares of United Parcel Service in the 3rd quarter worth about $2,317,000. Finally, Compass Financial Management LLC grew its stake in United Parcel Service by 2.1% in the 3rd quarter. Compass Financial Management LLC now owns 6,393 shares of the transportation company's stock valued at $597,000 after acquiring an additional 131 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on UPS shares. Barclays raised their target price on shares of United Parcel Service from $80.00 to $95.00 and gave the company an "underweight" rating in a report on Wednesday, October 28th. The Goldman Sachs Group lifted their target price on shares of United Parcel Service from $128.00 to $132.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. Stifel Nicolaus upped their price target on shares of United Parcel Service from $114.00 to $115.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. Truist Financial increased 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 report on Wednesday, October 28th. Finally, Wells Fargo & Company increased their price target on shares of United Parcel Service from $110.00 to $112.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $118.45.

Insiders Place Their Bets

In related news, insider Matthew Guffey sold 8,318 shares of the business's stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $105.39, for a total value of $876,634.02. Following the completion of the transaction, the insider owned 271 shares of the company's stock, valued at approximately $28,560.69. The trade was a 96.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.19% of the company's stock.

United Parcel Service Stock Performance

United Parcel Service stock opened at $110.83 on Friday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.18 and a current ratio of 1.24. The stock has a fifty day moving average of $99.76 and a two-hundred day moving average of $104.70. The company has a market capitalization of $94.29 billion, a price-to-earnings ratio of 21.31, a PEG ratio of 2.05 and a beta of 0.98. United Parcel Service, Inc. has a fifty-two week low of $90.84 and a fifty-two week high of $122.41.

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

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Monday, November 16th will be given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date is Monday, November 16th. 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 reported quarterly EPS of $1.69 and revenue of $22.85 billion. An update highlighted stronger-than-expected results, higher full-year guidance and confidence in further margin improvement after reducing Amazon delivery volumes—factors that may support earnings growth. Is United Parcel Service (UPS) Undervalued Following Strong Results And Higher Guidance?
• Positive Sentiment: The company declared its regular $1.64 quarterly dividend, equivalent to $6.56 annually and a roughly 5.7% yield. Maintaining the payout may appeal to income-focused investors. UPS Announces Quarterly Dividend
• Neutral Sentiment: UPS appointed Reckitt CFO Shannon Eisenhardt to its board and Audit Committee. The appointment adds financial leadership, though its near-term effect on results is unclear. UPS Appoints Shannon Eisenhardt to Board of Directors
• Negative Sentiment: The dividend has been unchanged for seven quarters, and UPS reportedly distributes nearly 90% of free cash flow through the payout. That may limit room for increases and raises concern about dividend flexibility. UPS Has Paid the Same $1.64 Dividend for 7 Quarters. Should Retirees Worry?

United Parcel Service Profile

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.

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