Pictet Asset Management Holding SA Purchases 6,289 Shares of United Parcel Service, Inc. $UPS

Pictet Asset Management Holding SA boosted its position in United Parcel Service, Inc. (NYSE:UPS) by 2.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 312,924 shares of the transportation company’s stock after purchasing an additional 6,289 shares during the period. Pictet Asset Management Holding SA’s holdings in United Parcel Service were worth $29,240,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of UPS. Bank of America Corp DE grew its stake in shares of United Parcel Service by 23.3% in the first quarter. Bank of America Corp DE now owns 9,728,123 shares of the transportation company’s stock worth $957,053,000 after purchasing an additional 1,836,651 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in United Parcel Service by 5.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,037,626 shares of the transportation company’s stock worth $495,411,000 after buying an additional 271,646 shares during the period. Bank of New York Mellon Corp lifted its holdings in United Parcel Service by 2.1% during the 1st quarter. Bank of New York Mellon Corp now owns 4,639,324 shares of the transportation company’s stock worth $456,417,000 after buying an additional 97,582 shares during the period. First Trust Advisors LP lifted its holdings in United Parcel Service by 37.4% during the 1st quarter. First Trust Advisors LP now owns 3,631,133 shares of the transportation company’s stock worth $357,231,000 after buying an additional 988,442 shares during the period. Finally, Pacer Advisors Inc. grew its position in shares of United Parcel Service by 8.2% in the 1st quarter. Pacer Advisors Inc. now owns 3,510,630 shares of the transportation company’s stock valued at $345,376,000 after buying an additional 266,396 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Weiss Ratings raised United Parcel Service from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. Oppenheimer lifted their price objective on United Parcel Service from $117.00 to $119.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 28th. Wells Fargo & Company upped their target price on United Parcel Service from $110.00 to $112.00 and gave the company an “equal weight” rating in a report on Wednesday, October 28th. Stephens decreased their target price on shares of United Parcel Service from $135.00 to $130.00 and set an “overweight” rating for the company in a research report on Wednesday, July 29th. Finally, Raymond James Financial raised their price target on shares of United Parcel Service from $127.00 to $131.00 and gave the stock a “strong-buy” rating in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $118.45.

Insider Activity at United Parcel Service

In related news, insider Matthew Guffey sold 8,318 shares of the firm’s stock in a transaction that occurred on Wednesday, October 28th. The stock was sold at an average price of $105.39, for a total transaction of $876,634.02. Following the completion of the sale, the insider owned 271 shares of the company’s stock, valued at $28,560.69. This trade represents a 96.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.19% of the stock is currently owned by insiders.

United Parcel Service Stock Performance

Shares of UPS opened at $110.97 on Wednesday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.67. The stock has a market capitalization of $94.41 billion, a P/E ratio of 21.34, a price-to-earnings-growth ratio of 1.99 and a beta of 0.98. The firm’s fifty day simple moving average is $100.05 and its two-hundred day simple moving average is $104.73. United Parcel Service, Inc. has a 12 month low of $90.84 and a 12 month high of $122.41.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Wednesday, November 4th. The transportation company reported $1.69 earnings per share for the quarter. United Parcel Service had a return on equity of 37.78% and a net margin of 4.84%. The firm had revenue of $22.85 billion during the quarter. As a group, analysts predict that United Parcel Service, Inc. will post 7.28 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Monday, November 16th will be given a dividend of $1.64 per share. The ex-dividend date is Monday, November 16th. This represents a $6.56 annualized dividend and a dividend yield of 5.9%. United Parcel Service’s dividend payout ratio is presently 126.15%.

United Parcel Service News Summary

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

• Positive Sentiment: UPS is entering the holiday peak after raising its outlook, a potentially favorable signal for near-term demand and results during its busiest shipping season. United Parcel Service stock enters holiday peak after outlook raise
• Neutral Sentiment: UPS is suing U.S. Customs and Border Protection over tariff refunds that the agency says require a judge’s order to process. A successful case could unlock refunds, but the outcome and timing are uncertain. UPS Takes CBP to Court Over Tariff Refunds
• Neutral Sentiment: An analysis argues UPS could be undervalued based on its cash-generation potential and opportunity in complex logistics, including AI data-center work. This is an analyst valuation view, not a new company announcement. UPS Stock May Be 46% Undervalued On Fresh AI Data Center News
• Negative Sentiment: A dividend-risk article covering high-yield stocks warns that one logistics company has a thin payout-coverage cushion that could be tested by a weak peak season. The summary does not identify the company explicitly, so the risk to UPS is not confirmed. Want Reliable Dividend Income? These 4 High-Yield Stocks Have Balance Sheets Lenders Still Trust

About United Parcel Service

United Parcel Service, Inc. (UPS) is a global package delivery and logistics company. Its services include domestic and international shipping, air and ground delivery, freight forwarding, customs brokerage, and supply chain management. UPS also provides solutions for businesses, including warehousing, inventory management, healthcare logistics, and returns processing. Its network serves customers in more than 200 countries and territories. Founded in Seattle in 1907 as the American Messenger Company, UPS is headquartered in Atlanta, Georgia.