Kimelman & Baird LLC Sells 5,469 Shares of United Parcel Service, Inc. $UPS

Kimelman & Baird LLC trimmed its holdings in United Parcel Service, Inc. (NYSE:UPS) by 3.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 135,994 shares of the transportation company’s stock after selling 5,469 shares during the quarter. United Parcel Service comprises about 1.1% of Kimelman & Baird LLC’s investment portfolio, making the stock its 27th biggest holding. Kimelman & Baird LLC’s holdings in United Parcel Service were worth $13,727,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Cornerstone Wealth Group LLC lifted its holdings in shares of United Parcel Service by 3.9% during the second quarter. Cornerstone Wealth Group LLC now owns 2,557 shares of the transportation company’s stock valued at $258,000 after purchasing an additional 97 shares during the last quarter. Bangor Savings Bank increased its position in United Parcel Service by 1.9% during the 2nd quarter. Bangor Savings Bank now owns 5,413 shares of the transportation company’s stock valued at $546,000 after buying an additional 101 shares in the last quarter. First Dallas Securities Inc. raised its stake in United Parcel Service by 0.9% during the first quarter. First Dallas Securities Inc. now owns 11,421 shares of the transportation company’s stock valued at $1,256,000 after buying an additional 102 shares during the last quarter. Fortis Capital Advisors LLC raised its stake in United Parcel Service by 3.4% during the first quarter. Fortis Capital Advisors LLC now owns 3,185 shares of the transportation company’s stock valued at $350,000 after buying an additional 104 shares during the last quarter. Finally, Wright Investors Service Inc. boosted its holdings in United Parcel Service by 1.3% in the second quarter. Wright Investors Service Inc. now owns 7,861 shares of the transportation company’s stock worth $793,000 after acquiring an additional 104 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

UPS has been the subject of several analyst reports. Truist Financial raised their price target on United Parcel Service from $100.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Vertical Research restated a “hold” rating and set a $103.00 price objective on shares of United Parcel Service in a research note on Wednesday, July 30th. Bank of America decreased their target price on shares of United Parcel Service from $83.00 to $81.00 and set an “underperform” rating for the company in a report on Friday, September 26th. Evercore ISI dropped their target price on shares of United Parcel Service from $103.00 to $97.00 and set an “in-line” rating on the stock in a research note on Wednesday, July 30th. Finally, Citigroup raised their price target on shares of United Parcel Service from $112.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $110.00.

United Parcel Service Stock Down 1.0%

UPS opened at $93.74 on Tuesday. The stock has a market capitalization of $79.53 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 2.29 and a beta of 1.11. The firm has a 50 day moving average price of $88.98 and a 200-day moving average price of $92.78. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $138.67. The company has a quick ratio of 1.32, a current ratio of 1.30 and a debt-to-equity ratio of 1.50.

United Parcel Service (NYSE:UPS) last posted 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. The business had revenue of $21.42 billion during the quarter, compared to the consensus estimate of $20.94 billion. United Parcel Service had a net margin of 6.15% and a return on equity of 40.07%. The firm’s revenue was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.76 EPS. United Parcel Service has set its Q4 2025 guidance at EPS. Equities research analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Monday, November 17th will be given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date is Monday, November 17th. United Parcel Service’s dividend payout ratio is 101.39%.

About United Parcel Service

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.