National Wealth Management Group LLC Makes New Investment in United Parcel Service, Inc. $UPS

National Wealth Management Group LLC acquired a new position in shares of United Parcel Service, Inc. (NYSE:UPS) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,602 shares of the transportation company’s stock, valued at approximately $523,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its stake in shares of United Parcel Service by 23.3% during the 1st 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 raised its position in shares of United Parcel Service by 5.7% in the first quarter. Dimensional Fund Advisors LP now owns 5,037,626 shares of the transportation company’s stock valued at $495,411,000 after buying an additional 271,646 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of United Parcel Service by 2.1% in the first quarter. Bank of New York Mellon Corp now owns 4,639,324 shares of the transportation company’s stock valued at $456,417,000 after buying an additional 97,582 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of United Parcel Service by 37.4% during the first quarter. First Trust Advisors LP now owns 3,631,133 shares of the transportation company’s stock valued at $357,231,000 after buying an additional 988,442 shares during the period. Finally, Pacer Advisors Inc. lifted its stake in shares of United Parcel Service by 8.2% during the first 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 period. Institutional investors and hedge funds 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: 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

Analysts Set New Price Targets

UPS has been the topic of a number of analyst reports. Truist Financial decreased their target price on shares of 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. The Goldman Sachs Group boosted their price target on United Parcel Service from $128.00 to $132.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Stephens reduced their price target on United Parcel Service from $135.00 to $130.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 29th. Wall Street Zen cut United Parcel Service from a “buy” rating to a “hold” rating in a report on Saturday, September 19th. Finally, Raymond James Financial lifted their price objective on United Parcel Service from $127.00 to $131.00 and gave the company a “strong-buy” rating in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, United Parcel Service presently has an average rating of “Hold” and an average target price of $115.70.

United Parcel Service Trading Down 0.9%

NYSE UPS opened at $100.10 on Tuesday. The company has a market cap of $85.16 billion, a P/E ratio of 18.61, a P/E/G ratio of 1.86 and a beta of 1.07. United Parcel Service, Inc. has a 12 month low of $88.21 and a 12 month high of $122.41. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.18 and a quick ratio of 1.18. The company has a 50-day moving average of $98.92 and a 200-day moving average of $104.66.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, July 28th. The transportation company reported $1.76 earnings per share (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 business had revenue of $22.83 billion for the quarter, compared to analysts’ expectations of $21.86 billion. During the same period last year, the company earned $1.55 earnings per share. The company’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, equities analysts predict that United Parcel Service, Inc. will post 7.19 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Monday, August 17th were paid a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $6.56 dividend on an annualized basis and a yield of 6.6%. United Parcel Service’s dividend payout ratio (DPR) is currently 121.93%.

United Parcel Service Company Profile

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.