United Parcel Service, Inc. $UPS Shares Sold by Total Clarity Wealth Management Inc.

Total Clarity Wealth Management Inc. reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 40.7% in the 1st quarter, Holdings Channel reports. The fund owned 18,817 shares of the transportation company’s stock after selling 12,928 shares during the period. Total Clarity Wealth Management Inc.’s holdings in United Parcel Service were worth $1,851,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of United Parcel Service during the 4th quarter valued at approximately $902,446,000. Victory Capital Management Inc. lifted its stake in shares of United Parcel Service by 72.9% in the 4th quarter. Victory Capital Management Inc. now owns 13,818,314 shares of the transportation company’s stock valued at $1,370,639,000 after purchasing an additional 5,826,824 shares during the period. AQR Capital Management LLC boosted its holdings in United Parcel Service by 175.7% during the fourth quarter. AQR Capital Management LLC now owns 5,200,135 shares of the transportation company’s stock worth $515,801,000 after buying an additional 3,314,166 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in United Parcel Service by 507.8% during the fourth quarter. Pacer Advisors Inc. now owns 3,244,234 shares of the transportation company’s stock worth $321,796,000 after buying an additional 2,710,470 shares in the last quarter. Finally, Manning & Napier Advisors LLC acquired a new stake in United Parcel Service during the fourth quarter valued at $181,951,000. 60.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on UPS. UBS Group cut their price objective on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a 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 research note on Friday, May 8th. Evercore dropped their target price on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a research report on Wednesday, April 22nd. Citigroup lifted their price target on United Parcel Service from $118.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Susquehanna lifted their price target on United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $111.50.

More United Parcel Service News

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

• Positive Sentiment: UPS announced a $48 million investment in 27 temperature-controlled freight cross-dock facilities across the U.S., Europe, Asia, and the Americas, expanding its healthcare logistics network and positioning the company to benefit from growing demand for refrigerated pharmaceuticals and other sensitive medical shipments. Article: UPS Extends Complex Healthcare Logistics Lead with $48 Million Investment in Temperature-Controlled Freight Cross-Dock Facilities
• Positive Sentiment: UPS is also expanding the use of artificial intelligence across tracking, customer support, and global logistics, aiming for higher automation and better shipment visibility, which could improve efficiency and margins over time. Article: UPS Harnesses AI to Boost Network Efficiency and Shipment Visibility
• Neutral Sentiment: One report noted UPS is exploring outsourcing some UK parcel delivery work to third-party couriers, a possible cost-cutting move that may help efficiency but could also signal labor restructuring. Article: UPS explores outsourcing UK parcel delivery to third-party couriers

United Parcel Service Price Performance

United Parcel Service stock opened at $107.20 on Tuesday. The company’s fifty day moving average price is $104.21 and its 200 day moving average price is $104.62. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $122.41. The stock has a market capitalization of $91.12 billion, a P/E ratio of 17.35, a P/E/G ratio of 1.67 and a beta of 1.05. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.21 and a current ratio of 1.21.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. The company had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.99 billion. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.49 earnings per share. As a group, 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 business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, May 18th were paid a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.1%. United Parcel Service’s payout ratio is currently 106.15%.

United Parcel Service Company Profile

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.