PNC Financial Services Group Inc. Acquires 5,096 Shares of United Parcel Service, Inc. $UPS

PNC Financial Services Group Inc. boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,084,054 shares of the transportation company’s stock after acquiring an additional 5,096 shares during the quarter. PNC Financial Services Group Inc. owned 0.13% of United Parcel Service worth $106,649,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. University of Texas Texas AM Investment Management Co. bought a new position in shares of United Parcel Service in the fourth quarter worth about $25,000. IFC & Insurance Marketing Inc. purchased a new stake in United Parcel Service in the 4th quarter valued at about $25,000. Coston McIsaac & Partners boosted its position in United Parcel Service by 77.8% in the 4th quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock valued at $27,000 after buying an additional 119 shares during the period. Torren Management LLC bought a new position in United Parcel Service in the 4th quarter worth about $29,000. Finally, Kemnay Advisory Services Inc. bought a new position in United Parcel Service in the 4th quarter worth about $29,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service News Roundup

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

• Positive Sentiment: Sanford C. Bernstein raised its price target on UPS to $133 from $130 and kept an outperform rating, signaling confidence in further upside from current levels. Benzinga report on price target increase
• Positive Sentiment: Analysts and Zacks previews highlight the possibility of an earnings beat, supported by lower volumes, higher per-piece revenue, and ongoing cost cuts that could help margins in the upcoming quarter. Zacks earnings preview
• Positive Sentiment: UPS was included in a Zacks industry outlook saying shareholder-friendly moves and cost-cutting actions are supporting the air-freight and cargo space, which could benefit the company if industry conditions improve. Zacks industry outlook
• Neutral Sentiment: Market commentary noted UPS underperformed peers on Monday, reflecting broader caution in the sector ahead of earnings rather than a company-specific setback. MarketWatch peer comparison
• Neutral Sentiment: UPS shares have also been reacting to pre-earnings expectations and trading volatility, with investors waiting for updated guidance rather than a major new operational surprise. Yahoo Finance earnings expectations

United Parcel Service Trading Down 0.4%

Shares of NYSE:UPS opened at $115.92 on Thursday. The company has a market capitalization of $98.53 billion, a PE ratio of 18.76, a P/E/G ratio of 1.85 and a beta of 1.05. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.50. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $122.41. The business’s fifty day simple moving average is $107.65 and its 200-day simple moving average is $106.47.

United Parcel Service (NYSE:UPS) last issued 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. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The firm had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.99 billion. During the same period in the prior year, the business posted $1.49 EPS. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. As a group, equities research analysts predict that United Parcel Service, Inc. will post 7.1 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, May 18th were issued a $1.64 dividend. The ex-dividend date was Monday, May 18th. This represents a $6.56 dividend on an annualized basis and a yield of 5.7%. United Parcel Service’s payout ratio is currently 106.15%.

Analysts Set New Price Targets

A number of brokerages have recently commented on UPS. Stephens raised shares of United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 8th. Evercore dropped their price objective on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a research note on Wednesday, April 22nd. UBS Group reduced their price objective on United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Citigroup lifted their target price on United Parcel Service from $127.00 to $132.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Finally, Weiss Ratings raised United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, July 10th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, United Parcel Service has a consensus rating of “Hold” and a consensus target price of $111.50.

About United Parcel Service

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.