iA Global Asset Management Inc. Decreases Holdings in United Parcel Service, Inc. $UPS

iA Global Asset Management Inc. trimmed its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 21.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 9,547 shares of the transportation company’s stock after selling 2,657 shares during the quarter. iA Global Asset Management Inc.’s holdings in United Parcel Service were worth $964,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Graybill Wealth Management LTD. purchased a new position in United Parcel Service during the first quarter valued at $26,000. Mid American Wealth Advisory Group Inc. purchased a new position in United Parcel Service during the second quarter valued at $26,000. Hemington Wealth Management lifted its holdings in United Parcel Service by 68.9% during the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 115 shares in the last quarter. Saudi Central Bank purchased a new position in United Parcel Service during the first quarter valued at $32,000. Finally, Flaharty Asset Management LLC acquired a new stake in shares of United Parcel Service in the first quarter valued at about $33,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UPS has been the topic of a number of recent research reports. Truist Financial boosted their price target on shares of United Parcel Service from $100.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Susquehanna boosted their price target on shares of United Parcel Service from $100.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Oppenheimer lowered their price target on shares of United Parcel Service from $114.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 30th. Vertical Research restated a “hold” rating and set a $103.00 price target on shares of United Parcel Service in a research report on Wednesday, July 30th. Finally, Citigroup boosted their price target on shares of United Parcel Service from $112.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, sixteen have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, United Parcel Service currently has a consensus rating of “Hold” and a consensus price target of $110.00.

Insider Buying and Selling

In related news, Director Christiana Smith Shi purchased 500 shares of United Parcel Service stock in a transaction dated Friday, August 22nd. The shares were acquired at an average cost of $88.17 per share, with a total value of $44,085.00. Following the purchase, the director owned 500 shares of the company’s stock, valued at approximately $44,085. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.13% of the stock is owned by company insiders.

United Parcel Service Price Performance

Shares of UPS stock opened at $94.10 on Tuesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.30 and a quick ratio of 1.32. The firm’s 50-day moving average is $86.42 and its two-hundred day moving average is $93.01. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $138.67. The company has a market capitalization of $79.76 billion, a PE ratio of 14.54, a price-to-earnings-growth ratio of 2.29 and a beta of 1.10.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, October 28th. The transportation company reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.43. United Parcel Service had a net margin of 6.15% and a return on equity of 40.07%. The company had revenue of $21.40 billion for the quarter, compared to the consensus estimate of $20.94 billion. During the same period in the previous year, the firm earned $1.76 earnings per share. United Parcel Service’s quarterly revenue was down 3.7% compared to the same quarter last year. United Parcel Service has set its Q4 2025 guidance at EPS. Analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were paid a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a yield of 7.0%. United Parcel Service’s payout ratio is 101.39%.

United Parcel Service Company Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.