Coppell Advisory Solutions LLC purchased a new stake in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 7,515 shares of the transportation company’s stock, valued at approximately $742,000.
Other large investors have also recently added to or reduced their stakes in the company. LFG Wealth Partners LLC acquired a new stake in shares of United Parcel Service during the fourth quarter valued at about $1,207,000. RiverFront Investment Group LLC lifted its holdings in shares of United Parcel Service by 937.9% in the 4th quarter. RiverFront Investment Group LLC now owns 245,564 shares of the transportation company’s stock worth $24,358,000 after acquiring an additional 221,905 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of United Parcel Service by 1.5% during the 4th quarter. Bank of New York Mellon Corp now owns 4,541,742 shares of the transportation company’s stock worth $450,495,000 after purchasing an additional 65,652 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in shares of United Parcel Service by 4.0% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 435,126 shares of the transportation company’s stock worth $43,160,000 after purchasing an additional 16,764 shares during the period. Finally, Sigma Planning Corp boosted its position in shares of United Parcel Service by 37.1% during the 1st quarter. Sigma Planning Corp now owns 36,722 shares of the transportation company’s stock worth $3,613,000 after purchasing an additional 9,941 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.
United Parcel Service Stock Performance
Shares of UPS stock opened at $102.94 on Thursday. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $122.41. The stock has a market capitalization of $87.58 billion, a PE ratio of 19.13, a P/E/G ratio of 1.83 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 firm has a 50 day moving average of $108.01 and a two-hundred day moving average of $105.62.
United Parcel Service Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Monday, August 17th will be issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend is Monday, August 17th. United Parcel Service’s payout ratio is 121.93%.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on the company. UBS Group boosted 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. BMO Capital Markets lifted their price objective on United Parcel Service from $110.00 to $115.00 and gave the company a “market perform” rating in a research note on Wednesday, July 29th. Susquehanna boosted their price objective on United Parcel Service from $118.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Weiss Ratings raised United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, August 17th. Finally, Oppenheimer increased their target price on United Parcel Service from $115.00 to $117.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, United Parcel Service currently has an average rating of “Hold” and a consensus target price of $117.41.
Check Out Our Latest Research Report on United Parcel Service
United Parcel Service News Summary
Here are the key news stories impacting United Parcel Service this week:
- Positive Sentiment: Valuation analysis suggests UPS could be approximately 37% undervalued. Discounted-cash-flow estimates and comparisons with industry multiples indicate that the market may be pricing in more pessimism than current fundamentals justify, while the company’s planned $2 billion expansion could support future growth. UPS Stock May Be 37% Undervalued As $2B Expansion Plans Unfold
- Positive Sentiment: UPS continues to attract income-focused investors because of its roughly 6.2% dividend yield. Coverage portrays the stock as a potentially attractive way to wait for an operational turnaround, although the yield also reflects skepticism about near-term growth. This Under-the-Radar Dividend Stock Yields 6.2%. Is It a Buy?
- Positive Sentiment: Recent quarterly results were highlighted among the better performers in the air-freight and logistics group. UPS previously exceeded earnings and revenue expectations, with revenue increasing year over year, reinforcing the case that fundamentals may be stabilizing. Q2 Earnings Outperformers: United Parcel Service and the Rest of the Air Freight and Logistics Stocks
- Neutral Sentiment: UPS appointed Nando Cesarone as chief global operations officer and made additional executive changes effective September 1. The moves are part of the company’s business transformation, but investors may watch execution closely as longtime leader Kate Gutmann retires. United Parcel Service Announces Leadership Changes
- Neutral Sentiment: Marketing initiatives, including The UPS Store’s first brand character, Blu, are intended to support franchisees and customer engagement but are unlikely to materially affect near-term earnings. The UPS Store Enlists First Brand Character
- Negative Sentiment: UPS has declined substantially over the past five years, which highlights persistent concerns about growth and the turnaround’s execution despite the stock’s value appeal. Is United Parcel Service Stock Outperforming the Dow?
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.
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