24,796 Shares of United Parcel Service, Inc. $UPS Purchased by MH & Associates Securities Management Corp ADV

MH & Associates Securities Management Corp ADV acquired a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) during the third quarter, Holdings Channel.com reports. The fund acquired 24,796 shares of the transportation company’s stock, valued at approximately $2,317,000. United Parcel Service accounts for approximately 2.0% of MH & Associates Securities Management Corp ADV’s portfolio, making the stock its 25th largest holding.

Several other hedge funds also recently bought and sold shares of the company. Bauman Advisory Group LLC raised its position in United Parcel Service by 1.1% during the third quarter. Bauman Advisory Group LLC now owns 8,865 shares of the transportation company’s stock valued at $828,000 after acquiring an additional 96 shares in the last quarter. Legacy Wealth Managment LLC ID grew its position in shares of United Parcel Service by 48.6% in the first quarter. Legacy Wealth Managment LLC ID now owns 309 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 101 shares during the last quarter. Wealth Alliance LLC lifted its holdings in shares of United Parcel Service by 3.5% during the first quarter. Wealth Alliance LLC now owns 3,013 shares of the transportation company’s stock worth $296,000 after buying an additional 102 shares during the last quarter. Texas Bank & Trust Co raised its stake in United Parcel Service by 1.0% during the 1st quarter. Texas Bank & Trust Co now owns 10,286 shares of the transportation company’s stock valued at $1,012,000 after purchasing an additional 106 shares during the last quarter. Finally, Midland Wealth Advisors LLC grew its position in United Parcel Service by 3.8% during the third quarter. Midland Wealth Advisors LLC now owns 2,996 shares of the transportation company’s stock worth $280,000 after buying an additional 111 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting United Parcel Service

Here are the key news stories impacting United Parcel Service this week:

• Positive Sentiment: UPS reported quarterly earnings of $1.69 per share on $22.85 billion in revenue. Recent coverage points to profit growth, cost savings, and a raised outlook as drivers of the stock’s strength. UPS quarterly earnings
• Positive Sentiment: Margin expansion in U.S. domestic packages is a potential growth driver: UPS says it met its third-quarter margin target and expects sequential improvement in the fourth quarter, following its reduction of Amazon delivery volumes. Fool article on UPS growth
• Positive Sentiment: UPS declared its regular quarterly dividend of $1.64 per share, payable December 3. The continued payout may appeal to income-focused investors. UPS dividend announcement
• Negative Sentiment: The dividend has remained at $1.64 for seven quarters, while reports flag that payouts consume a large share of free cash flow—and may have exceeded it. That raises concerns about dividend growth and coverage, even though UPS has maintained its payout. Article on UPS dividend concerns
• Negative Sentiment: Weak package volumes remain a near-term headwind that could limit the benefit of cost savings and improving margins. Article on UPS outlook and risks

United Parcel Service Stock Performance

NYSE UPS opened at $114.29 on Thursday. United Parcel Service, Inc. has a 1-year low of $90.84 and a 1-year high of $122.41. The company has a 50 day moving average of $99.65 and a 200-day moving average of $104.68. The company has a current ratio of 1.24, a quick ratio of 1.18 and a debt-to-equity ratio of 1.67. The firm has a market cap of $97.24 billion, a price-to-earnings ratio of 21.98, a PEG ratio of 1.96 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Wednesday, November 4th. The transportation company reported $1.69 EPS for the quarter. United Parcel Service had a return on equity of 37.78% and a net margin of 4.84%. The business had revenue of $22.85 billion for the quarter. On average, equities analysts forecast that United Parcel Service, Inc. will post 7.28 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Monday, November 16th will be issued a $1.64 dividend. The ex-dividend date is Monday, November 16th. This represents a $6.56 annualized dividend and a yield of 5.7%. United Parcel Service’s dividend payout ratio (DPR) is currently 126.15%.

Insider Transactions at United Parcel Service

In related news, insider Matthew Guffey sold 8,318 shares of United Parcel Service stock in a transaction dated Wednesday, October 28th. The stock was sold at an average price of $105.39, for a total value of $876,634.02. Following the completion of the sale, the insider directly owned 271 shares in the company, valued at $28,560.69. This trade represents a 96.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.19% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently commented on UPS. Truist Financial upped their target price on United Parcel Service from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, October 28th. Bank of America boosted their price target on shares of United Parcel Service from $108.00 to $114.00 and gave the company a “neutral” rating in a report on Wednesday, October 28th. Wells Fargo & Company increased their price objective on shares of United Parcel Service from $110.00 to $112.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 28th. Citizens Jmp began coverage on shares of United Parcel Service in a report on Wednesday, July 15th. They set a “market perform” rating for the company. Finally, BNP Paribas Exane decreased their target price on shares of United Parcel Service from $90.00 to $85.00 and set an “underperform” rating on the stock in a research report on Wednesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $118.45.

United Parcel Service Company Profile

United Parcel Service, Inc (NYSE: UPS) is a global package delivery and logistics company. Its services include the transportation and delivery of packages and freight, time-definite express delivery, supply chain management, customs brokerage, and logistics consulting. UPS serves businesses and consumers through ground, air, and international delivery networks.

The company operates across the United States and in international markets throughout Europe, Asia-Pacific, Latin America, Canada, and other regions.