Wellington Management Group LLP Buys 2,206,666 Shares of United Parcel Service, Inc. $UPS

Wellington Management Group LLP increased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 262.7% during the second quarter, HoldingsChannel.com reports. The fund owned 3,046,707 shares of the transportation company’s stock after acquiring an additional 2,206,666 shares during the period. Wellington Management Group LLP’s holdings in United Parcel Service were worth $327,521,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of UPS. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of United Parcel Service in the fourth quarter worth $25,000. IFC & Insurance Marketing Inc. bought a new stake in United Parcel Service during the fourth quarter valued at $25,000. Coston McIsaac & Partners grew its position in United Parcel Service by 77.8% during the fourth quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock worth $27,000 after buying an additional 119 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new position in United Parcel Service during the fourth quarter worth about $29,000. Finally, Legacy Wealth Managment LLC ID increased its stake in United Parcel Service by 48.6% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 309 shares of the transportation company’s stock worth $30,000 after acquiring an additional 101 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UPS has been the topic of several recent analyst reports. Susquehanna raised their price target on United Parcel Service from $118.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Stifel Nicolaus upped their price objective on shares of United Parcel Service from $114.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Citizens Jmp assumed coverage on shares of United Parcel Service in a research note on Wednesday, July 15th. They issued a “market perform” rating on the stock. UBS Group lifted their target price on shares of United Parcel Service from $123.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Finally, Sanford C. Bernstein boosted their price target on shares of United Parcel Service from $130.00 to $133.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, United Parcel Service presently has a consensus rating of “Hold” and a consensus price target of $117.41.

United Parcel Service Price Performance

Shares of United Parcel Service stock opened at $105.40 on Monday. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $122.41. The firm has a market cap of $89.67 billion, a PE ratio of 19.59, a price-to-earnings-growth ratio of 1.90 and a beta of 1.06. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.58. The company’s fifty day simple moving average is $108.20 and its two-hundred day simple moving average is $105.96.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, July 28th. The transportation company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.11. United Parcel Service had a return on equity of 37.50% and a net margin of 5.08%.The business had revenue of $22.83 billion during the quarter, compared to analysts’ expectations of $21.86 billion. During the same quarter last year, the business posted $1.55 EPS. The business’s revenue was up 7.6% on a year-over-year basis. United Parcel Service has set its FY 2026 guidance at 7.220-7.220 EPS. As a group, equities analysts expect that United Parcel Service, Inc. will post 7.22 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Monday, August 17th will be given a dividend of $1.64 per share. The ex-dividend date is Monday, August 17th. This represents a $6.56 annualized dividend and a dividend yield of 6.2%. United Parcel Service’s payout ratio is currently 121.93%.

United Parcel Service Company Profile

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.