United Parcel Service, Inc. $UPS Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.7% during the first quarter, Holdings Channel reports. The firm owned 821,279 shares of the transportation company’s stock after buying an additional 5,996 shares during the quarter. Principal Financial Group Inc.’s holdings in United Parcel Service were worth $80,797,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of UPS. Chicago Partners Investment Group LLC increased its position in shares of United Parcel Service by 6.4% in the first quarter. Chicago Partners Investment Group LLC now owns 12,242 shares of the transportation company’s stock valued at $1,289,000 after buying an additional 732 shares in the last quarter. Absher Wealth Management LLC increased its holdings in United Parcel Service by 4.4% during the 1st quarter. Absher Wealth Management LLC now owns 6,401 shares of the transportation company’s stock valued at $630,000 after acquiring an additional 269 shares in the last quarter. Tevis Investment Management purchased a new position in United Parcel Service during the 1st quarter valued at about $349,000. Arbejdsmarkedets Tillaegspension acquired a new position in United Parcel Service during the first quarter worth about $25,321,000. Finally, Y.D. More Investments Ltd raised its position in United Parcel Service by 18.3% during the first quarter. Y.D. More Investments Ltd now owns 1,700 shares of the transportation company’s stock worth $161,000 after acquiring an additional 263 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service News Summary

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

• Positive Sentiment: UPS is being highlighted as a top dividend stock, with a roughly 5.93% yield, which may attract income-focused investors and support the share price. Here’s Why United Parcel Service Inc. (UPS) is a Top Dividend Stock to Invest in, According to Jim Simons’ Renaissance Technologies
• Positive Sentiment: Several articles argue UPS may still be undervalued after its multi-year decline, suggesting upside if the company can sustain its rebound and improve fundamentals. UPS (UPS) Stock Looks Undervalued Despite Its 33% Five Year Slide
• Neutral Sentiment: Citizens JMP initiated coverage with a “market perform” rating, which suggests a wait-and-see stance rather than a strong bullish or bearish signal. United Parcel Service (NYSE:UPS) Coverage Initiated by Analysts at Citizens Jmp
• Neutral Sentiment: UPS settled a long-running racial discrimination case, removing a legal overhang, though the news is more about risk reduction than a clear growth catalyst. UPS (NYSE:UPS) Settles Former Driver Racial Discrimination Case After Lengthy Legal Fight
• Negative Sentiment: Morgan Stanley reiterated an Underweight rating and raised its price target only modestly, signaling continued skepticism about UPS’s near-term upside. Here’s Why United Parcel Service Inc. (UPS) is a Top Dividend Stock to Invest in, According to Jim Simons’ Renaissance Technologies

United Parcel Service Price Performance

United Parcel Service stock opened at $117.16 on Friday. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $122.41. The stock has a market capitalization of $99.59 billion, a P/E ratio of 18.96, a P/E/G ratio of 1.80 and a beta of 1.05. The firm’s 50-day moving average is $106.34 and its two-hundred day moving average is $106.01. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.21 and a quick ratio of 1.21.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. The business had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.99 billion. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The company’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.49 earnings per share. Equities analysts predict that United Parcel Service, Inc. will post 7.1 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, May 18th were paid a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend was Monday, May 18th. United Parcel Service’s payout ratio is presently 106.15%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Citizens Jmp initiated coverage on shares of United Parcel Service in a report on Wednesday. They issued a “market perform” rating on the stock. Citigroup lifted their price objective on United Parcel Service from $127.00 to $132.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. UBS Group reduced their target price on United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Evercore lowered their target price on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a report on Wednesday, April 22nd. Finally, Stephens raised United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, United Parcel Service currently has an average rating of “Hold” and a consensus target price of $111.10.

About United Parcel Service

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.