United Asset Strategies Inc. Sells 37,030 Shares of United Parcel Service, Inc. $UPS

Key Points

• United Asset Strategies reduced its UPS position by 72%, selling 37,030 shares and retaining 14,401 shares valued at approximately $1.35 million. Institutional investors and hedge funds collectively own 60.26% of UPS.
• UPS reported quarterly revenue of $22.90 billion and earnings of $1.69 per share, beating analyst expectations, while revenue rose 6.9% year over year. Shares opened at $108.35, within a 12-month range of $90.84 to $122.41.
• UPS maintains a substantial dividend of $1.64 per quarter, equivalent to a 6.1% yield, while analysts’ consensus rating remains Hold with an average price target of $118.45.

United Asset Strategies Inc. lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 72.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,401 shares of the transportation company's stock after selling 37,030 shares during the period. United Asset Strategies Inc.'s holdings in United Parcel Service were worth $1,346,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Morey & Quinn Wealth Partners LLC grew its holdings in shares of United Parcel Service by 7.1% during the third quarter. Morey & Quinn Wealth Partners LLC now owns 3,032 shares of the transportation company's stock worth $283,000 after buying an additional 200 shares in the last quarter. Childress Capital Advisors LLC raised its position in United Parcel Service by 19.6% in the 3rd quarter. Childress Capital Advisors LLC now owns 2,869 shares of the transportation company's stock valued at $268,000 after buying an additional 470 shares during the last quarter. Shakespeare Wealth Management LLC bought a new stake in United Parcel Service in the 3rd quarter valued at approximately $357,000. D.A. Davidson & CO. lifted its stake in United Parcel Service by 6.1% in the 3rd quarter. D.A. Davidson & CO. now owns 164,075 shares of the transportation company's stock valued at $15,331,000 after acquiring an additional 9,410 shares in the last quarter. Finally, Redmond Asset Management LLC lifted its stake in United Parcel Service by 0.7% in the 3rd quarter. Redmond Asset Management LLC now owns 31,594 shares of the transportation company's stock valued at $2,952,000 after acquiring an additional 221 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Trading Up 1.0%

Shares of United Parcel Service stock opened at $108.35 on Friday. United Parcel Service, Inc. has a 12-month low of $90.84 and a 12-month high of $122.41. The stock has a market cap of $92.18 billion, a P/E ratio of 20.84, a P/E/G ratio of 1.93 and a beta of 1.07. The company has a quick ratio of 1.18, a current ratio of 1.24 and a debt-to-equity ratio of 1.67. The business's 50 day moving average is $99.19 and its 200-day moving average is $104.63.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings data on Tuesday, October 27th. The transportation company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.62 by $0.07. United Parcel Service had a return on equity of 37.78% and a net margin of 4.84%. The company had revenue of $22.90 billion during the quarter, compared to the consensus estimate of $22.27 billion. During the same quarter in the prior year, the firm posted $1.74 EPS. The firm's revenue for the quarter was up 6.9% compared to the same quarter last year. Equities research analysts predict that United Parcel Service, Inc. will post 7.28 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Monday, August 17th were given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend was Monday, August 17th. United Parcel Service's dividend payout ratio is 126.15%.

Trending Headlines about United Parcel Service

Here are the key news stories impacting United Parcel Service this week:

• Positive Sentiment: UPS exceeded quarterly expectations, reporting $22.90 billion in revenue and adjusted earnings of $1.69 per share versus consensus estimates of $22.27 billion and $1.62, respectively. Management cited stronger premium services, international trade lanes, automation, and improved customer mix. 5 revealing analyst questions from United Parcel Service’s Q3 earnings call
• Positive Sentiment: UPS raised its outlook despite declining shipment volume, suggesting that higher revenue per package, productivity improvements, and cost control are more than offsetting weaker demand. The company plans to use automation and radio-frequency tracking for approximately 70% of packages during the holiday season. Why Did United Parcel Service Raise Guidance Despite Falling Volume?
• Positive Sentiment: Several analysts, including Wells Fargo, Truist, Barclays, Citigroup, Oppenheimer, Bank of America, and UBS, issued bullish commentary or increased their price targets. The recommendations reinforce the view that UPS’s earnings recovery and valuation offer additional upside. Wells Fargo expects UPS stock to rise
• Neutral Sentiment: Comparisons with FedEx highlight UPS’s improved earnings momentum, dividend appeal, and valuation, but also emphasize that future returns depend on sustaining margin gains while handling fewer packages. UPS vs. FedEx: Which Stock Is the Better Buy After Strong Q3 Results?
• Negative Sentiment: Insider Matthew W. Guffey sold 8,318 UPS shares for approximately $876,634, reducing his remaining ownership by 96.84%. While one insider sale is not necessarily a fundamental signal, it may modestly weigh on sentiment. SEC insider transaction filing

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on UPS shares. Bank of America raised their price target on shares of United Parcel Service from $108.00 to $114.00 and gave the stock a "neutral" rating in a research note on Wednesday. Stephens cut 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 report on Wednesday, July 29th. Evercore increased their target price on shares of United Parcel Service from $117.00 to $118.00 in a report on Wednesday, July 29th. Citigroup increased their target price on shares of United Parcel Service from $122.00 to $131.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Truist Financial raised their target price 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. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $118.45.

Insider Transactions at United Parcel Service

In other United Parcel Service news, insider Matthew W. Guffey sold 8,318 shares of the stock in a transaction on 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 sale, the insider owned 271 shares in the company, valued at $28,560.69. This trade represents a 96.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.19% of the company's stock.

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.

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.