United Parcel Service, Inc. $UPS Stock Purchased by International Assets Investment Management LLC

Key Points

• International Assets Investment Management increased its UPS stake by 10.2% in the third quarter, adding 10,633 shares to reach 115,000 shares valued at about $11.05 million.
• Other institutional investors also reported increased holdings, and hedge funds and institutions collectively own 60.26% of UPS shares.
• UPS reported quarterly EPS of $1.69 on $22.85 billion in revenue and declared a $1.64 quarterly dividend; its 126.15% payout ratio exceeds reported earnings. Analysts’ consensus rating is Hold, with a $118.45 average price target.

International Assets Investment Management LLC lifted its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 10.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 115,000 shares of the transportation company's stock after purchasing an additional 10,633 shares during the quarter. United Parcel Service comprises about 0.2% of International Assets Investment Management LLC's holdings, making the stock its 27th biggest holding. International Assets Investment Management LLC's holdings in United Parcel Service were worth $11,050,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UPS. Bank of America Corp DE boosted its holdings in United Parcel Service by 23.3% in the 1st quarter. Bank of America Corp DE now owns 9,728,123 shares of the transportation company's stock valued at $957,053,000 after purchasing an additional 1,836,651 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of United Parcel Service by 5.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,037,626 shares of the transportation company's stock worth $495,411,000 after buying an additional 271,646 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of United Parcel Service by 2.1% during the 1st quarter. Bank of New York Mellon Corp now owns 4,639,324 shares of the transportation company's stock worth $456,417,000 after buying an additional 97,582 shares during the last quarter. First Trust Advisors LP raised its position in shares of United Parcel Service by 37.4% during the 1st quarter. First Trust Advisors LP now owns 3,631,133 shares of the transportation company's stock valued at $357,231,000 after buying an additional 988,442 shares during the period. Finally, Pacer Advisors Inc. raised its position in shares of United Parcel Service by 8.2% during the 1st quarter. Pacer Advisors Inc. now owns 3,510,630 shares of the transportation company's stock valued at $345,376,000 after buying an additional 266,396 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

More United Parcel Service News

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

• Positive Sentiment: UPS declared a quarterly dividend of $1.64 per share, equivalent to $6.56 annually and a reported yield of about 5.9%. The payment is scheduled for December 3 for shareholders of record November 16. Earlier coverage also highlighted stronger results and higher full-year guidance, which may support investor confidence. Dividend and outlook coverage
• Neutral Sentiment: UPS appointed Shannon Eisenhardt, a former senior finance and operations executive at Reckitt and NIKE, to its board and Audit Committee. Her experience may strengthen financial oversight, though the appointment is not an immediate earnings catalyst. Board appointment coverage
• Neutral Sentiment: The company is hiring more than 1,000 seasonal workers in the Kansas City area. The recruitment supports holiday operations, but seasonal hiring alone offers limited evidence about broader demand and may bring additional costs. Kansas City seasonal hiring article
• Negative Sentiment: Recent coverage says investors questioned UPS’s margins and valuation after its third-quarter report. The stock’s initial reaction was negative despite roughly $22.9 billion in revenue, suggesting profitability concerns are offsetting the revenue result and positive outlook. Q3 margin concerns article

United Parcel Service Stock Down 2.4%

NYSE:UPS opened at $108.39 on Friday. 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 stock's fifty day moving average is $99.81 and its two-hundred day moving average is $104.71. United Parcel Service, Inc. has a 52 week low of $90.84 and a 52 week high of $122.41. The stock has a market capitalization of $92.22 billion, a price-to-earnings ratio of 20.84, a price-to-earnings-growth ratio of 1.95 and a beta of 0.98.

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

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Monday, November 16th will be issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date is Monday, November 16th. United Parcel Service's dividend payout ratio (DPR) is 126.15%.

Insider Buying and Selling

In related news, insider Matthew Guffey sold 8,318 shares of the firm's stock in a transaction dated 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 $28,560.69. This trade represents a 96.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.19% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on UPS. Evercore upped their price objective on United Parcel Service from $117.00 to $118.00 in a report on Wednesday, July 29th. Raymond James Financial lifted their target price on United Parcel Service from $127.00 to $131.00 and gave the company a "strong-buy" rating in a research report on Wednesday, July 29th. Oppenheimer upped their price target on United Parcel Service from $117.00 to $119.00 and gave the company an "outperform" rating in a research note on Wednesday, October 28th. Citizens Jmp assumed coverage on United Parcel Service in a report on Wednesday, July 15th. They set a "market perform" rating for the company. Finally, JPMorgan Chase & Co. lowered their target price on shares of United Parcel Service from $118.00 to $115.00 and set a "neutral" rating for the company in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $118.45.

United Parcel Service Profile

United Parcel Service, Inc (UPS) is a global package delivery and logistics company. Its services include domestic and international shipping, air and ground delivery, freight forwarding, customs brokerage, and supply chain management.

UPS also provides solutions for businesses, including warehousing, inventory management, healthcare logistics, and returns processing. Its network serves customers in more than 200 countries and territories.

Founded in Seattle in 1907 as the American Messenger Company, UPS is headquartered in Atlanta, Georgia.

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.