Wedge Capital Management L L P NC Increases Stock Holdings in United Parcel Service, Inc. $UPS

Wedge Capital Management L L P NC boosted its stake in United Parcel Service, Inc. (NYSE:UPS) by 5.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 120,800 shares of the transportation company’s stock after acquiring an additional 5,774 shares during the quarter. Wedge Capital Management L L P NC’s holdings in United Parcel Service were worth $12,986,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in United Parcel Service by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 68,496,420 shares of the transportation company’s stock valued at $6,794,160,000 after purchasing an additional 1,218,432 shares in the last quarter. State Street Corp grew its position in shares of United Parcel Service by 3.3% in the fourth quarter. State Street Corp now owns 32,092,627 shares of the transportation company’s stock valued at $3,183,268,000 after purchasing an additional 1,029,377 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of United Parcel Service by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 27,142,759 shares of the transportation company’s stock worth $2,692,290,000 after purchasing an additional 856,125 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of United Parcel Service by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 17,154,091 shares of the transportation company’s stock worth $1,703,291,000 after purchasing an additional 240,253 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of United Parcel Service by 72.9% during the 4th quarter. Victory Capital Management Inc. now owns 13,818,314 shares of the transportation company’s stock worth $1,370,639,000 after purchasing an additional 5,826,824 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

NYSE:UPS opened at $103.73 on Thursday. The company’s 50-day moving average price is $109.05 and its 200-day moving average price is $106.54. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.58. The company has a market cap of $88.17 billion, a P/E ratio of 19.28, a P/E/G ratio of 1.89 and a beta of 1.06. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $122.41.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, July 28th. The transportation company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $22.83 billion for the quarter, compared to analyst estimates of $21.86 billion. During the same period in the previous year, the business posted $1.55 earnings per share. United Parcel Service’s quarterly 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. On average, sell-side analysts forecast that United Parcel Service, Inc. will post 7.22 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Monday, August 17th will be issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Monday, August 17th. United Parcel Service’s payout ratio is currently 121.93%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on UPS shares. Susquehanna raised their price target on shares of United Parcel Service from $118.00 to $120.00 and gave the company a “neutral” rating in a research note on Wednesday, July 29th. Wall Street Zen upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Citizens Jmp started coverage on United Parcel Service in a report on Wednesday, July 15th. They set a “market perform” rating for the company. UBS Group raised their target price on 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, BMO Capital Markets lifted their price target on United Parcel Service from $110.00 to $115.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $117.41.

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.