Centric Wealth Management Has $30.47 Million Stock Position in United Parcel Service, Inc. $UPS

Centric Wealth Management lessened its position in United Parcel Service, Inc. (NYSE:UPS) by 11.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 301,818 shares of the transportation company’s stock after selling 40,712 shares during the period. United Parcel Service comprises approximately 7.2% of Centric Wealth Management’s holdings, making the stock its biggest holding. Centric Wealth Management’s holdings in United Parcel Service were worth $30,466,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. Evelyn Partners Investment Management Europe Ltd grew its stake in United Parcel Service by 110.1% during the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock worth $25,000 after buying an additional 131 shares during the last quarter. Mid American Wealth Advisory Group Inc. acquired a new position in shares of United Parcel Service in the 2nd quarter worth approximately $26,000. Hemington Wealth Management boosted its holdings in shares of United Parcel Service by 68.9% in the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock worth $31,000 after acquiring an additional 115 shares in the last quarter. Saudi Central Bank bought a new stake in United Parcel Service during the 1st quarter worth approximately $32,000. Finally, Flaharty Asset Management LLC acquired a new stake in United Parcel Service during the 1st quarter valued at $33,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on UPS shares. Evercore ISI decreased their price objective on shares of United Parcel Service from $103.00 to $97.00 and set an “in-line” rating on the stock in a report on Wednesday, July 30th. Bank of America decreased their price target on shares of United Parcel Service from $83.00 to $81.00 and set an “underperform” rating on the stock in a research note on Friday, September 26th. Stifel Nicolaus dropped their price objective on shares of United Parcel Service from $120.00 to $109.00 and set a “buy” rating for the company in a research report on Tuesday, October 28th. Weiss Ratings reiterated a “sell (d+)” rating on shares of United Parcel Service in a research report on Wednesday, October 8th. Finally, Truist Financial boosted their target price on United Parcel Service from $100.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $110.00.

United Parcel Service Stock Up 4.0%

NYSE:UPS opened at $94.54 on Friday. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-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. The firm has a market capitalization of $80.21 billion, a P/E ratio of 14.61, a P/E/G ratio of 2.29 and a beta of 1.11. The stock’s fifty day simple moving average is $88.78 and its 200-day simple moving average is $92.81.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.43. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.The business had revenue of $21.42 billion during the quarter, compared to the consensus estimate of $20.94 billion. During the same quarter in the prior year, the company posted $1.76 earnings per share. The firm’s revenue was down 3.7% on a year-over-year basis. United Parcel Service has set its Q4 2025 guidance at EPS. Equities research analysts expect 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 declared a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Monday, November 17th will be given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date is Monday, November 17th. United Parcel Service’s dividend payout ratio (DPR) is currently 101.39%.

United Parcel Service 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.