Wellington Management Group LLP Purchases 2,206,666 Shares of United Parcel Service, Inc. $UPS

Wellington Management Group LLP grew its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 262.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,046,707 shares of the transportation company's stock after acquiring an additional 2,206,666 shares during the quarter. Wellington Management Group LLP owned about 0.36% of United Parcel Service worth $327,521,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of UPS. University of Texas Texas AM Investment Management Co. bought a new position in United Parcel Service during the 4th quarter valued at $25,000. IFC & Insurance Marketing Inc. bought a new stake in shares of United Parcel Service in the 4th quarter worth $25,000. Coston McIsaac & Partners grew its stake in shares of United Parcel Service by 77.8% in the 4th quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company's stock worth $27,000 after acquiring an additional 119 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new stake in shares of United Parcel Service in the fourth quarter valued at about $29,000. Finally, Legacy Wealth Managment LLC ID lifted its position in shares of United Parcel Service by 48.6% during the first quarter. Legacy Wealth Managment LLC ID now owns 309 shares of the transportation company's stock valued at $30,000 after purchasing an additional 101 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Oppenheimer lifted their target price on shares of United Parcel Service from $115.00 to $117.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 29th. Stephens reduced their target price on United Parcel Service from $135.00 to $130.00 and set an "overweight" rating for the company in a report on Wednesday, July 29th. Wall Street Zen raised United Parcel Service from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. BMO Capital Markets lifted their price target on United Parcel Service from $110.00 to $115.00 and gave the stock a "market perform" rating in a report on Wednesday, July 29th. Finally, Stifel Nicolaus boosted their price objective on United Parcel Service from $114.00 to $115.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. One research 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 issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $117.41.

United Parcel Service Stock Up 0.1%

UPS stock opened at $105.40 on Monday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market capitalization of $89.67 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 1.90 and a beta of 1.06. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $122.41. The stock has a fifty day moving average of $108.20 and a 200-day moving average of $105.96.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.65 by $0.11. The business had revenue of $22.83 billion for the quarter, compared to analysts' expectations of $21.86 billion. United Parcel Service had a return on equity of 37.50% and a net margin of 5.08%.The firm's quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.55 EPS. United Parcel Service has set its FY 2026 guidance at 7.220-7.220 EPS. As a group, equities research analysts predict that United Parcel Service, Inc. will post 7.22 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Monday, August 17th will be paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Monday, August 17th. United Parcel Service's dividend payout ratio is presently 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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source