PYA Waltman Capital LLC Purchases 23,376 Shares of United Parcel Service, Inc. $UPS

PYA Waltman Capital LLC raised its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 127.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 41,739 shares of the transportation company’s stock after buying an additional 23,376 shares during the quarter. United Parcel Service accounts for about 1.1% of PYA Waltman Capital LLC’s holdings, making the stock its 20th biggest position. PYA Waltman Capital LLC’s holdings in United Parcel Service were worth $4,140,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in United Parcel Service by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 68,496,420 shares of the transportation company’s stock valued at $6,794,160,000 after acquiring an additional 1,218,432 shares during the last quarter. State Street Corp boosted its position in United Parcel Service by 3.3% during the fourth quarter. State Street Corp now owns 32,092,627 shares of the transportation company’s stock valued at $3,183,268,000 after acquiring an additional 1,029,377 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in United Parcel Service by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 27,142,759 shares of the transportation company’s stock valued at $2,692,290,000 after acquiring an additional 856,125 shares during the last quarter. Geode Capital Management LLC boosted its position in United Parcel Service by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 17,154,091 shares of the transportation company’s stock valued at $1,703,291,000 after acquiring an additional 240,253 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in United Parcel Service by 72.9% during the fourth quarter. Victory Capital Management Inc. now owns 13,818,314 shares of the transportation company’s stock valued at $1,370,639,000 after acquiring an additional 5,826,824 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

Shares of NYSE UPS opened at $107.96 on Monday. The firm’s 50-day moving average price is $103.23 and its 200-day moving average price is $104.13. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $122.41. The firm has a market capitalization of $91.76 billion, a P/E ratio of 17.47, a P/E/G ratio of 1.72 and a beta of 1.05. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.50.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.05. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The firm had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same quarter in the prior year, the business earned $1.49 earnings per share. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. Equities research analysts anticipate that United Parcel Service, Inc. will post 7.1 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, May 18th were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date was Monday, May 18th. United Parcel Service’s dividend payout ratio is currently 106.15%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on UPS. Susquehanna upped their price target on shares of United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Weiss Ratings lowered shares of United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, May 8th. Evercore dropped their price objective on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a report on Wednesday, April 22nd. UBS Group dropped their price objective on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Finally, Citigroup upped their price objective on shares of United Parcel Service from $118.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $111.50.

United Parcel Service News Roundup

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

• Positive Sentiment: UPS shares have been boosted by a broader bullish take on the stock after the Fed’s rate-cut pivot, with some investors viewing UPS as an attractive cyclical income play with a high dividend yield. A Dramatic Fed Pivot Just Unlocked a New Era of Growth for UPS
• Positive Sentiment: UPS-owned Roadie announced a same-day delivery partnership with Omaha Steaks ahead of Father’s Day, highlighting growth in its last-mile and same-day delivery services. From Cart to Cookout: Omaha Steaks and Roadie Power Same-Day Delivery for Father’s Day
• Neutral Sentiment: UPS was also the subject of valuation and stock-performance commentary, with some analysts questioning whether the recent pullback created a better long-term entry point rather than pointing to a new fundamental problem. Is It Time To Reconsider UPS (NYSE:UPS) After Recent Share Price Weakness?
• Neutral Sentiment: UPS met its deadline for retrofitting delivery vans with air conditioning, easing one labor-related pressure point after Teamsters scrutiny, though the issue also underscores ongoing union oversight. UPS meets deadline for retrofitting delivery vans with air conditioning
• Negative Sentiment: Separate UK news about a parcel delivery firm “evaluating options” for a depot closure and 3,000 jobs at risk adds to concerns about softness or restructuring pressures in the parcel-delivery industry, which could weigh on sentiment toward UPS. Massive parcel delivery firm could shut UK depot as it ‘evaluates options’ – with 3,000 jobs at risk
• Negative Sentiment: Some market commentary still frames UPS as a large-cap stock with limited growth runway, and recent coverage has also highlighted weakness in the shares over the past week. 3 Large-Cap Stocks That Concern Us

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.