Pinnacle West Asset Management Inc. Takes Position in United Parcel Service, Inc. $UPS

Pinnacle West Asset Management Inc. purchased a new position in shares of United Parcel Service, Inc. (NYSE:UPS) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 8,635 shares of the transportation company’s stock, valued at approximately $928,000.

Other large investors have also made changes to their positions in the company. LFG Wealth Partners LLC acquired a new position in United Parcel Service during the 4th quarter worth approximately $1,207,000. RiverFront Investment Group LLC lifted its stake in United Parcel Service by 937.9% in the 4th quarter. RiverFront Investment Group LLC now owns 245,564 shares of the transportation company’s stock valued at $24,358,000 after purchasing an additional 221,905 shares during the last quarter. Bank of New York Mellon Corp boosted its position in United Parcel Service by 1.5% in the fourth quarter. Bank of New York Mellon Corp now owns 4,541,742 shares of the transportation company’s stock valued at $450,495,000 after buying an additional 65,652 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in United Parcel Service by 4.0% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 435,126 shares of the transportation company’s stock valued at $43,160,000 after buying an additional 16,764 shares in the last quarter. Finally, Sigma Planning Corp grew its stake in shares of United Parcel Service by 37.1% during the first quarter. Sigma Planning Corp now owns 36,722 shares of the transportation company’s stock worth $3,613,000 after buying an additional 9,941 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Down 0.5%

Shares of UPS opened at $102.06 on Friday. The company has a market capitalization of $86.83 billion, a PE ratio of 18.97, a PEG ratio of 1.85 and a beta of 1.06. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $122.41. The stock’s 50-day moving average price is $108.40 and its two-hundred day moving average price is $106.38. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.58.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results 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 firm had revenue of $22.83 billion for the quarter, compared to analyst estimates of $21.86 billion. United Parcel Service had a return on equity of 37.50% and a net margin of 5.08%.The business’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.55 EPS. United Parcel Service has set its FY 2026 guidance at 7.220-7.220 EPS. On average, analysts anticipate that United Parcel Service, Inc. will post 7.22 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Monday, August 17th will be issued a $1.64 dividend. The ex-dividend date is Monday, August 17th. This represents a $6.56 annualized dividend and a yield of 6.4%. United Parcel Service’s dividend payout ratio is presently 121.93%.

Analyst Ratings Changes

UPS has been the subject of several research analyst reports. Sanford C. Bernstein upped their price target on shares of United Parcel Service from $130.00 to $133.00 and gave the stock an “outperform” rating in a 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. BMO Capital Markets boosted their price objective on United Parcel Service from $110.00 to $115.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 29th. 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 report on Wednesday, July 29th. Finally, Wall Street Zen upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. One equities 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 assigned a Sell rating to the stock. According to MarketBeat, United Parcel Service presently has a consensus rating of “Hold” and an average price target of $117.41.

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.