United Parcel Service (NYSE:UPS) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of United Parcel Service (NYSE:UPS) from a buy rating to a hold rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

UPS has been the subject of a number of other research reports. Susquehanna boosted their target price on shares of United Parcel Service from $118.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Citigroup raised their price target on United Parcel Service from $127.00 to $132.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Citizens Jmp initiated coverage on United Parcel Service in a report on Wednesday, July 15th. They set a “market perform” rating for the company. UBS Group upped their price objective on United Parcel Service from $123.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Finally, Weiss Ratings upgraded United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $117.41.

United Parcel Service Stock Down 4.5%

Shares of NYSE:UPS opened at $94.63 on Friday. United Parcel Service has a fifty-two week low of $82.00 and a fifty-two week high of $122.41. The firm’s 50 day moving average price is $105.48 and its 200 day moving average price is $104.20. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.58. The stock has a market cap of $80.51 billion, a price-to-earnings ratio of 17.59, a price-to-earnings-growth ratio of 1.77 and a beta of 1.06.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, July 28th. The transportation company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.65 by $0.11. United Parcel Service had a net margin of 5.08% and a return on equity of 37.50%. The company had revenue of $22.83 billion during the quarter, compared to analysts’ expectations of $21.86 billion. During the same quarter in the previous year, the business posted $1.55 EPS. The firm’s revenue was up 7.6% on a year-over-year basis. 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 will post 7.22 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Monday, August 17th were given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend was Monday, August 17th. United Parcel Service’s dividend payout ratio (DPR) is 121.93%.

Institutional Investors Weigh In On United Parcel Service

Hedge funds and other institutional investors have recently bought and sold shares of the stock. IKE Capital LLC increased its position in shares of United Parcel Service by 13.9% during the second quarter. IKE Capital LLC now owns 7,740 shares of the transportation company’s stock worth $832,000 after purchasing an additional 945 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of United Parcel Service by 0.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 56,624 shares of the transportation company’s stock valued at $6,087,000 after purchasing an additional 508 shares during the last quarter. MCF Advisors LLC lifted its holdings in shares of United Parcel Service by 3.7% in the 2nd quarter. MCF Advisors LLC now owns 5,769 shares of the transportation company’s stock valued at $620,000 after purchasing an additional 206 shares during the last quarter. National Pension Service boosted its position in shares of United Parcel Service by 1.5% in the 2nd quarter. National Pension Service now owns 2,379,189 shares of the transportation company’s stock valued at $255,763,000 after purchasing an additional 36,099 shares during the period. Finally, WINTON GROUP Ltd boosted its position in shares of United Parcel Service by 195.6% in the 2nd quarter. WINTON GROUP Ltd now owns 9,681 shares of the transportation company’s stock valued at $1,041,000 after purchasing an additional 6,406 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

About United Parcel Service

United Parcel Service, Inc (NYSE: UPS) is a global package delivery and logistics company that provides transportation, distribution and supply-chain services. Its offerings include time-definite delivery of packages and documents, ground and air transportation, international shipping, freight services, customs brokerage and logistics management.

UPS serves businesses and consumers in the United States and across international markets, connecting customers in more than 200 countries and territories.