14,196 Shares of United Parcel Service, Inc. $UPS Purchased by WealthCare Asset Management LLC

WealthCare Asset Management LLC bought a new position in United Parcel Service, Inc. (NYSE:UPS) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 14,196 shares of the transportation company’s stock, valued at approximately $1,326,000. United Parcel Service makes up about 1.1% of WealthCare Asset Management LLC’s portfolio, making the stock its 24th largest holding.

Other hedge funds also recently modified their holdings of the company. Flagship Harbor Advisors LLC lifted its stake in shares of United Parcel Service by 5.0% in the third quarter. Flagship Harbor Advisors LLC now owns 14,126 shares of the transportation company’s stock worth $1,320,000 after buying an additional 677 shares during the last quarter. Peterson Wealth Services boosted its holdings in shares of United Parcel Service by 42.0% during the 3rd quarter. Peterson Wealth Services now owns 2,967 shares of the transportation company’s stock worth $277,000 after buying an additional 878 shares during the period. Leo Wealth LLC bought a new stake in shares of United Parcel Service during the 3rd quarter worth $399,000. Capstone Capital Management Ltd bought a new stake in shares of United Parcel Service during the 3rd quarter worth $1,000,000. Finally, Onyx Bridge Wealth Group LLC grew its stake in United Parcel Service by 7.6% in the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 7,742 shares of the transportation company’s stock valued at $723,000 after buying an additional 550 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Down 0.9%

Shares of NYSE:UPS opened at $100.10 on Tuesday. United Parcel Service, Inc. has a 52 week low of $88.21 and a 52 week high of $122.41. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.18 and a current ratio of 1.18. The company’s fifty day moving average is $98.92 and its 200-day moving average is $104.66. The company has a market capitalization of $85.16 billion, a PE ratio of 14.54, a P/E/G ratio of 1.86 and a beta of 1.07.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, July 28th. The transportation company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $21.86 billion. During the same period in the previous year, the firm posted $1.55 earnings per share. The company’s revenue was up 7.6% on a year-over-year basis. Equities research analysts predict that United Parcel Service, Inc. will post 7.19 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared 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 6.6%. The ex-dividend date was Monday, August 17th. United Parcel Service’s dividend payout ratio (DPR) is currently 121.93%.

United Parcel Service News Summary

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

• Positive Sentiment: Potential $50.7 million recovery: UPS reportedly won a legal decision allowing it to reclaim pension contributions that were paid by mistake. The recovery could modestly improve cash flow and reduce an unusual expense. UPS wins back $50.7M it paid into pension plan by mistake
• Positive Sentiment: Higher pricing planned: UPS plans an average 5.9% rate increase beginning December 21, matching FedEx’s announced increase. The move could support revenue and offset labor, fuel and other operating costs, although customer reaction and shipping volumes will be important. UPS plans 5.9% rate increase on Dec. 21
• Positive Sentiment: E-commerce opportunities: A new feature supporting TikTok Shop ahead of the holidays may help UPS capture social-commerce shipments during the peak season. The planned $80 million air hub in the Philippines is also viewed as a potential long-term growth and cash-flow opportunity. UPS adds key feature for TikTok Shop ahead of the holidays UPS stock looks below fair value following its fall
• Neutral Sentiment: Earnings are the immediate catalyst: Analysts expect third-quarter sales growth but a year-over-year decline in operating profit. Investors will focus on package volumes, pricing, margins, guidance and management’s assessment of holiday demand. UPS earnings are coming
• Neutral Sentiment: Valuation attracts income investors: UPS has fallen about 40% over five years and sits roughly 18% below its 52-week high, leading some analysts to argue the shares are below fair value. Its dividend yield and cash-generation potential may appeal to value investors, but the thesis depends on a durable earnings recovery. Historically cheap high-yield dividend stocks
• Negative Sentiment: Industry headwinds remain: Fuel-cost pressure, uncertain freight demand and broader macroeconomic concerns could weigh on transportation stocks. A projected operating-profit decline raises concerns that revenue growth may not translate into stronger earnings. Transportation stocks earnings preview

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on UPS. Truist Financial lowered their price target on United Parcel Service from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, October 7th. JPMorgan Chase & Co. cut their price objective on United Parcel Service from $118.00 to $115.00 and set a “neutral” rating for the company in a research report on Wednesday, July 29th. UBS Group increased their target price on United Parcel Service from $123.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Oppenheimer raised their target price on United Parcel Service from $115.00 to $117.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Finally, BMO Capital Markets raised their target price on United Parcel Service from $110.00 to $115.00 and gave the company a “market perform” rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, United Parcel Service has a consensus rating of “Hold” and a consensus target price of $115.70.

About United Parcel Service

United Parcel Service, Inc (NYSE: UPS) is a global package delivery and logistics company. Its services include the transportation and delivery of packages and freight, time-definite express delivery, supply chain management, customs brokerage, and logistics consulting. UPS serves businesses and consumers through ground, air, and international delivery networks.

The company operates across the United States and in international markets throughout Europe, Asia-Pacific, Latin America, Canada, and other regions.