Public Employees Retirement System of Ohio Purchases Shares of 325,208 United Parcel Service, Inc. $UPS

Public Employees Retirement System of Ohio acquired a new stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 325,208 shares of the transportation company's stock, valued at approximately $34,960,000.

Several other institutional investors have also recently made changes to their positions in the business. Potomac Fund Management Inc. ADV boosted its stake in United Parcel Service by 0.8% in the 4th quarter. Potomac Fund Management Inc. ADV now owns 11,324 shares of the transportation company's stock worth $1,123,000 after purchasing an additional 90 shares during the period. Ipsen Advisor Group LLC boosted its position in shares of United Parcel Service by 1.7% during the fourth quarter. Ipsen Advisor Group LLC now owns 5,670 shares of the transportation company's stock worth $562,000 after acquiring an additional 95 shares during the last quarter. Detalus Advisors LLC grew its stake in United Parcel Service by 1.3% during the fourth quarter. Detalus Advisors LLC now owns 7,978 shares of the transportation company's stock valued at $791,000 after acquiring an additional 101 shares in the last quarter. Legacy Wealth Managment LLC ID increased its holdings in United Parcel Service by 48.6% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 309 shares of the transportation company's stock valued at $30,000 after acquiring an additional 101 shares during the last quarter. Finally, Wealth Alliance LLC increased its holdings in United Parcel Service by 3.5% in the 1st quarter. Wealth Alliance LLC now owns 3,013 shares of the transportation company's stock valued at $296,000 after acquiring an additional 102 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Stifel Nicolaus raised their price objective on United Parcel Service from $114.00 to $115.00 and gave the company a "buy" rating in a research report on Wednesday, July 29th. Weiss Ratings upgraded United Parcel Service from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday, August 17th. Sanford C. Bernstein raised their price target on United Parcel Service from $130.00 to $133.00 and gave the company an "outperform" rating in a report on Tuesday, July 21st. Stephens reduced 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, Wall Street Zen raised United Parcel Service from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $117.41.

United Parcel Service Stock Performance

United Parcel Service stock opened at $105.40 on Friday. The company's 50-day moving average price is $108.20 and its 200-day moving average price is $106.04. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $122.41. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.58. The company has a market cap of $89.67 billion, a PE ratio of 19.59, a price-to-earnings-growth ratio of 1.91 and a beta of 1.06.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The transportation company reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.65 by $0.11. The firm had revenue of $22.83 billion during 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 for the quarter was up 7.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.55 EPS. United Parcel Service has set its FY 2026 guidance at 7.220-7.220 EPS. On average, equities research analysts forecast that United Parcel Service, Inc. will post 7.22 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Monday, August 17th will be paid a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend is Monday, August 17th. United Parcel Service's dividend payout ratio (DPR) is presently 121.93%.

United Parcel Service Company 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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