NewEdge Advisors LLC Grows Stock Position in United Parcel Service, Inc. $UPS

Key Points

• NewEdge Advisors increased its UPS position by 18.6% in the second quarter, adding 44,293 shares for a total holding of 281,884 shares valued at approximately $30.3 million. Institutional investors collectively own 60.26% of UPS stock.
• UPS reported quarterly earnings of $1.76 per share, exceeding estimates of $1.65, while revenue rose 7.6% year over year to $22.83 billion. The company maintained full-year EPS guidance of $7.22.
• UPS paid a quarterly dividend of $1.64, equivalent to a 6.6% annualized yield, though its payout ratio was elevated at 121.93%. Analysts have a consensus “Hold” rating and an average price target of $117.41.

NewEdge Advisors LLC boosted its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 18.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 281,884 shares of the transportation company's stock after acquiring an additional 44,293 shares during the period. NewEdge Advisors LLC's holdings in United Parcel Service were worth $30,303,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in UPS. IFP Advisors Inc grew its position in shares of United Parcel Service by 0.7% in the second quarter. IFP Advisors Inc now owns 46,661 shares of the transportation company's stock valued at $5,016,000 after purchasing an additional 326 shares during the last quarter. Baird Financial Group Inc. raised its position in shares of United Parcel Service by 4.9% during the 2nd quarter. Baird Financial Group Inc. now owns 417,427 shares of the transportation company's stock worth $44,873,000 after purchasing an additional 19,486 shares during the last quarter. Arizona State Retirement System raised its position in shares of United Parcel Service by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 206,643 shares of the transportation company's stock worth $22,214,000 after purchasing an additional 4,138 shares during the last quarter. West Family Investments Inc. purchased a new stake in United Parcel Service in the 2nd quarter valued at approximately $427,000. Finally, Waverly Advisors LLC lifted its stake in United Parcel Service by 2.1% in the 2nd quarter. Waverly Advisors LLC now owns 219,269 shares of the transportation company's stock valued at $23,571,000 after buying an additional 4,430 shares in the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Stock Down 1.3%

Shares of NYSE UPS opened at $99.22 on Thursday. The firm has a market cap of $84.41 billion, a P/E ratio of 18.44, a price-to-earnings-growth ratio of 1.80 and a beta of 1.06. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.18 and a current ratio of 1.18. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $122.41. The firm's 50 day moving average price is $107.32 and its 200 day moving average price is $105.07.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The transportation company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.11. United Parcel Service had a return on equity of 37.50% and a net margin of 5.08%.The company had revenue of $22.83 billion during the quarter, compared to the consensus estimate of $21.86 billion. During the same period in the previous year, the firm posted $1.55 EPS. United Parcel Service's revenue 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. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.22 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Monday, August 17th were paid a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.6%. The ex-dividend date was Monday, August 17th. United Parcel Service's dividend payout ratio is presently 121.93%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. BMO Capital Markets increased their target price on United Parcel Service from $110.00 to $115.00 and gave the company a "market perform" rating in a report on Wednesday, July 29th. Sanford C. Bernstein boosted their price target on United Parcel Service from $130.00 to $133.00 and gave the stock an "outperform" rating in a report on Tuesday, July 21st. Weiss Ratings upgraded United Parcel Service from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday, August 17th. Stephens decreased their price objective on 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. Finally, Susquehanna lifted their price objective on United Parcel Service from $118.00 to $120.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $117.41.

United Parcel Service 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.

Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.