Primecap Management Co. CA Trims Position in United Parcel Service, Inc. $UPS

Key Points

• Primecap Management trimmed its position in United Parcel Service by 0.3% in Q2, selling 8,060 shares and now holds 2,297,531 shares valued at about $231.9 million (≈0.27% of the company).
• United Parcel Service beat quarterly estimates with EPS of $1.74 (vs. $1.31 expected) and revenue of $21.42 billion (vs. $20.94 billion), although revenue was down 3.7% year‑over‑year.
• UPS declared a quarterly dividend of $1.64 ($6.56 annualized) for a 7.1% yield

Primecap Management Co. CA decreased its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,297,531 shares of the transportation company's stock after selling 8,060 shares during the quarter. Primecap Management Co. CA owned 0.27% of United Parcel Service worth $231,913,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mid American Wealth Advisory Group Inc. purchased a new position in United Parcel Service in the second quarter worth approximately $26,000. Hemington Wealth Management increased its position in shares of United Parcel Service by 68.9% during the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company's stock worth $31,000 after purchasing an additional 115 shares in the last quarter. Saudi Central Bank purchased a new stake in shares of United Parcel Service in the 1st quarter valued at about $32,000. Flaharty Asset Management LLC acquired a new position in United Parcel Service during the first quarter worth approximately $33,000. Finally, RMG Wealth Management LLC purchased a new stake in shares of United Parcel Service in the second quarter valued at about $34,000. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Price Performance

NYSE:UPS opened at $92.95 on Wednesday. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $138.67. The stock has a market cap of $78.78 billion, a P/E ratio of 14.37, a PEG ratio of 2.29 and a beta of 1.11. The company has a fifty day moving average price of $88.28 and a 200 day moving average price of $92.84. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.30 and a quick ratio of 1.32.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings results on Tuesday, October 28th. The transportation company reported $1.74 earnings per share for the quarter, beating analysts' consensus estimates of $1.31 by $0.43. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.The firm had revenue of $21.42 billion for the quarter, compared to analysts' expectations of $20.94 billion. During the same period in the prior year, the business posted $1.76 earnings per share. The business's revenue was down 3.7% compared to the same quarter last year. United Parcel Service has set its Q4 2025 guidance at EPS. Analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Monday, November 17th will be paid a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 7.1%. The ex-dividend date of this dividend is Monday, November 17th. United Parcel Service's dividend payout ratio (DPR) is currently 101.39%.

Analysts Set New Price Targets

UPS has been the subject of a number of analyst reports. Truist Financial increased their target price on United Parcel Service from $100.00 to $120.00 and gave the stock a "buy" rating in a research note on Wednesday, October 29th. Weiss Ratings restated a "sell (d+)" rating on shares of United Parcel Service in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised their price objective on United Parcel Service from $85.00 to $97.00 and gave the company a "neutral" rating in a research note on Wednesday, October 29th. Oppenheimer dropped their target price on shares of United Parcel Service from $114.00 to $100.00 and set an "outperform" rating on the stock in a report on Wednesday, July 30th. Finally, Stephens upgraded United Parcel Service to a "hold" rating in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, United Parcel Service has an average rating of "Hold" and a consensus price target of $110.00.

Insider Activity at United Parcel Service

In other news, Director Christiana Smith Shi bought 500 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was acquired at an average cost of $88.17 per share, with a total value of $44,085.00. Following the completion of the purchase, the director owned 500 shares of the company's stock, valued at $44,085. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.13% of the company's stock.

About United Parcel Service

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.

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