United Parcel Service, Inc. $UPS Stock: Kestra Private Wealth Services LLC Cuts Holdings

Kestra Private Wealth Services LLC cut its holdings in United Parcel Service, Inc. (NYSE:UPS) by 23.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 37,767 shares of the transportation company’s stock after selling 11,363 shares during the period. Kestra Private Wealth Services LLC’s holdings in United Parcel Service were worth $3,529,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Bauman Advisory Group LLC boosted its holdings in shares of United Parcel Service by 1.1% during the third quarter. Bauman Advisory Group LLC now owns 8,865 shares of the transportation company’s stock worth $828,000 after purchasing an additional 96 shares during the last quarter. Legacy Wealth Managment LLC ID grew its position in shares of United Parcel Service by 48.6% in the first quarter. Legacy Wealth Managment LLC ID now owns 309 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 101 shares during the period. Wealth Alliance LLC grew its position in shares of United Parcel Service by 3.5% in the first quarter. Wealth Alliance LLC now owns 3,013 shares of the transportation company’s stock valued at $296,000 after purchasing an additional 102 shares during the period. Texas Bank & Trust Co grew its position in shares of United Parcel Service by 1.0% in the first quarter. Texas Bank & Trust Co now owns 10,286 shares of the transportation company’s stock valued at $1,012,000 after purchasing an additional 106 shares during the period. Finally, Midland Wealth Advisors LLC increased its stake in United Parcel Service by 3.8% in the third quarter. Midland Wealth Advisors LLC now owns 2,996 shares of the transportation company’s stock valued at $280,000 after purchasing an additional 111 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Truist Financial increased their target price on United Parcel Service from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, October 28th. UBS Group raised their price target on United Parcel Service from $124.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, October 28th. BMO Capital Markets lifted their price target 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. Citigroup upped their price objective on shares of United Parcel Service from $122.00 to $131.00 and gave the company a “buy” rating in a research note on Wednesday, October 28th. Finally, Barclays upped their price objective on shares of United Parcel Service from $80.00 to $95.00 and gave the company an “underweight” rating in a research note on Wednesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $118.45.

Insider Transactions at United Parcel Service

In other United Parcel Service news, insider Matthew Guffey sold 8,318 shares of the business’s stock in a transaction dated 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 approximately $28,560.69. The trade was a 96.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.19% of the company’s stock.

United Parcel Service Stock Down 3.0%

Shares of UPS opened at $110.83 on Friday. United Parcel Service, Inc. has a fifty-two week low of $90.84 and a fifty-two week high of $122.41. The company’s fifty day moving average is $99.76 and its two-hundred day moving average is $104.70. The firm has a market cap of $94.29 billion, a PE ratio of 21.31, a price-to-earnings-growth ratio of 2.05 and a beta of 0.98. The company has a quick ratio of 1.18, a current ratio of 1.24 and a debt-to-equity ratio of 1.67.

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

United Parcel Service Announces Dividend

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

Trending Headlines about United Parcel Service

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

• Positive Sentiment: UPS reported quarterly EPS of $1.69 and revenue of $22.85 billion. An update highlighted stronger-than-expected results, higher full-year guidance and confidence in further margin improvement after reducing Amazon delivery volumes—factors that may support earnings growth. Is United Parcel Service (UPS) Undervalued Following Strong Results And Higher Guidance?
• Positive Sentiment: The company declared its regular $1.64 quarterly dividend, equivalent to $6.56 annually and a roughly 5.7% yield. Maintaining the payout may appeal to income-focused investors. UPS Announces Quarterly Dividend
• Neutral Sentiment: UPS appointed Reckitt CFO Shannon Eisenhardt to its board and Audit Committee. The appointment adds financial leadership, though its near-term effect on results is unclear. UPS Appoints Shannon Eisenhardt to Board of Directors
• Negative Sentiment: The dividend has been unchanged for seven quarters, and UPS reportedly distributes nearly 90% of free cash flow through the payout. That may limit room for increases and raises concern about dividend flexibility. UPS Has Paid the Same $1.64 Dividend for 7 Quarters. Should Retirees Worry?

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.