United Parcel Service, Inc. $UPS Shares Sold by GRIMES & Co WEALTH MANAGEMENT LLC

Key Points

• GRIMES & Co Wealth Management cut its UPS stake by 64.2% in the third quarter, selling 22,225 shares and retaining 12,381 shares valued at about $1.16 million.
• Institutional investors collectively own 60.26% of UPS shares, though several major funds—including Wellington Management and Bank of America—reported increasing their positions.
• UPS reported quarterly EPS of $1.69 on $22.85 billion in revenue. Analysts’ consensus rating is “Hold,” with an average price target of $118.45.

GRIMES & Co WEALTH MANAGEMENT LLC lowered its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 64.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 12,381 shares of the transportation company's stock after selling 22,225 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC's holdings in United Parcel Service were worth $1,157,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in the business. Wellington Management Group LLP raised its stake in United Parcel Service by 262.7% during the 2nd quarter. Wellington Management Group LLP now owns 3,046,707 shares of the transportation company's stock worth $327,521,000 after buying an additional 2,206,666 shares during the period. Bank of America Corp DE boosted its holdings in United Parcel Service by 23.3% during the first quarter. Bank of America Corp DE now owns 9,728,123 shares of the transportation company's stock worth $957,053,000 after purchasing an additional 1,836,651 shares during the last quarter. Manning & Napier Advisors LLC purchased a new stake in shares of United Parcel Service during the second quarter valued at approximately $192,304,000. Cullen Capital Management LLC bought a new position in United Parcel Service during the second quarter valued at about $178,071,000. Finally, First Trust Advisors LP raised its holdings in shares of United Parcel Service by 37.4% in the 1st quarter. First Trust Advisors LP now owns 3,631,133 shares of the transportation company's stock worth $357,231,000 after purchasing an additional 988,442 shares during the period. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service News Roundup

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

• Positive Sentiment: UPS reported quarterly earnings of $1.69 per share on $22.85 billion in revenue. Recent coverage points to profit growth, cost savings, and a raised outlook as drivers of the stock’s strength. UPS quarterly earnings
• Positive Sentiment: Margin expansion in U.S. domestic packages is a potential growth driver: UPS says it met its third-quarter margin target and expects sequential improvement in the fourth quarter, following its reduction of Amazon delivery volumes. Fool article on UPS growth
• Positive Sentiment: UPS declared its regular quarterly dividend of $1.64 per share, payable December 3. The continued payout may appeal to income-focused investors. UPS dividend announcement
• Negative Sentiment: The dividend has remained at $1.64 for seven quarters, while reports flag that payouts consume a large share of free cash flow—and may have exceeded it. That raises concerns about dividend growth and coverage, even though UPS has maintained its payout. Article on UPS dividend concerns
• Negative Sentiment: Weak package volumes remain a near-term headwind that could limit the benefit of cost savings and improving margins. Article on UPS outlook and risks

United Parcel Service Price Performance

NYSE UPS opened at $114.29 on Thursday. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.24 and a quick ratio of 1.18. United Parcel Service, Inc. has a 1-year low of $90.84 and a 1-year high of $122.41. The stock has a market capitalization of $97.24 billion, a price-to-earnings ratio of 21.98, a PEG ratio of 1.96 and a beta of 0.98. The business's fifty day moving average price is $99.65 and its 200-day moving average price is $104.68.

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

Insider Transactions at United Parcel Service

In other news, insider Matthew Guffey sold 8,318 shares of the stock in a transaction that occurred on Wednesday, October 28th. The stock was sold at an average price of $105.39, for a total transaction of $876,634.02. Following the completion of the transaction, the insider directly owned 271 shares in the company, valued at approximately $28,560.69. This represents a 96.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.19% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on UPS. Wall Street Zen upgraded shares of United Parcel Service from a "hold" rating to a "buy" rating in a research note on Saturday, October 31st. Raymond James Financial upped their price objective on shares of United Parcel Service from $127.00 to $131.00 and gave the stock a "strong-buy" rating in a research report on Wednesday, July 29th. Stifel Nicolaus lifted their price target on United Parcel Service from $114.00 to $115.00 and gave the stock a "buy" rating in a research note on Wednesday, July 29th. Wells Fargo & Company increased their target price on shares of United Parcel Service from $110.00 to $112.00 and gave the company an "equal weight" rating in a report on Wednesday, October 28th. Finally, Weiss Ratings raised shares of United Parcel Service from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $118.45.

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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