United Parcel Service, Inc. $UPS Shares Sold by Munich Reinsurance Co Stock Corp in Munich

Key Points

• Munich Reinsurance reduced its UPS position by 65.5% in the second quarter, selling 54,777 shares and retaining 28,880 shares valued at approximately $3.1 million. Institutional investors collectively own 60.26% of UPS stock.
• Analyst sentiment remains mixed: UPS has a consensus rating of “Hold” from 21 analysts, with an average price target of $117.41. Recent target changes ranged from $130 to $133, while one firm downgraded its target to $130.
• UPS beat quarterly expectations with adjusted earnings of $1.76 per share and revenue of $22.83 billion, up 7.6% year over year. The company pays a quarterly dividend of $1.64 per share, equivalent to a 6.4% annualized yield, though its payout ratio is elevated at 121.93%.

Munich Reinsurance Co Stock Corp in Munich cut its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 65.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,880 shares of the transportation company's stock after selling 54,777 shares during the quarter. Munich Reinsurance Co Stock Corp in Munich's holdings in United Parcel Service were worth $3,105,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of United Parcel Service during the fourth quarter worth about $25,000. IFC & Insurance Marketing Inc. acquired a new position in shares of United Parcel Service in the fourth quarter valued at approximately $25,000. Coston McIsaac & Partners grew its holdings in shares of United Parcel Service by 77.8% in the fourth quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company's stock valued at $27,000 after purchasing an additional 119 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new stake in United Parcel Service during the 4th quarter worth approximately $29,000. Finally, Legacy Wealth Managment LLC ID increased its stake in United Parcel Service by 48.6% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 309 shares of the transportation company's stock worth $30,000 after buying an additional 101 shares during the period. Institutional investors and hedge funds own 60.26% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on UPS shares. Sanford C. Bernstein raised their price target on shares of United Parcel Service from $130.00 to $133.00 and gave the company an "outperform" rating in a research report on Tuesday, July 21st. Citizens Jmp initiated coverage on United Parcel Service in a research report on Wednesday, July 15th. They set a "market perform" rating on the stock. Wall Street Zen upgraded United Parcel Service from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Citigroup lifted their target price on United Parcel Service from $127.00 to $132.00 and gave the company a "buy" rating in a report on Thursday, July 9th. Finally, Stephens lowered their target price on United Parcel Service from $135.00 to $130.00 and set an "overweight" rating for the company in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $117.41.

United Parcel Service Stock Down 1.2%

Shares of United Parcel Service stock opened at $102.30 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.58. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $122.41. The company has a market capitalization of $87.03 billion, a P/E ratio of 19.01, a P/E/G ratio of 1.85 and a beta of 1.06. The company has a 50 day moving average of $107.78 and a 200 day moving average of $105.49.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $22.83 billion for 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 company's quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.55 EPS. United Parcel Service has set its FY 2026 guidance at 7.220-7.220 EPS. As a group, research analysts forecast that United Parcel Service, Inc. will post 7.22 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Monday, August 17th were issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend was Monday, August 17th. United Parcel Service's payout ratio is 121.93%.

About United Parcel Service

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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