Franklin Street Advisors Inc. NC Sells 18,630 Shares of United Parcel Service, Inc. $UPS

Franklin Street Advisors Inc. NC reduced its position in United Parcel Service, Inc. (NYSE:UPS) by 18.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 83,526 shares of the transportation company’s stock after selling 18,630 shares during the period. Franklin Street Advisors Inc. NC’s holdings in United Parcel Service were worth $8,979,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC raised its stake in United Parcel Service by 63.8% in the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after acquiring an additional 4,723 shares during the period. Sivia Capital Partners LLC bought a new position in United Parcel Service during the second quarter worth $277,000. SVB Wealth LLC bought a new position in United Parcel Service during the second quarter worth $848,000. Treasurer of the State of North Carolina increased its holdings in shares of United Parcel Service by 2.7% in the second quarter. Treasurer of the State of North Carolina now owns 342,866 shares of the transportation company’s stock valued at $34,609,000 after purchasing an additional 9,124 shares during the last quarter. Finally, Ieq Capital LLC increased its holdings in shares of United Parcel Service by 154.5% in the second quarter. Ieq Capital LLC now owns 104,819 shares of the transportation company’s stock valued at $10,580,000 after purchasing an additional 63,629 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on UPS shares. BMO Capital Markets raised their target price on shares of 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. Evercore decreased their price target on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a research note on Wednesday, April 22nd. Stifel Nicolaus increased their price target on shares of United Parcel Service from $114.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Stephens lowered their price target on shares of United Parcel Service from $135.00 to $130.00 and set an “overweight” rating on the stock in a report on Wednesday, July 29th. Finally, Weiss Ratings downgraded shares of United Parcel Service from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, United Parcel Service currently has a consensus rating of “Hold” and an average price target of $117.41.

United Parcel Service Stock Up 0.1%

UPS stock opened at $104.56 on Monday. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market capitalization of $88.88 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 1.89 and a beta of 1.06. The business’s fifty day moving average price is $109.33 and its two-hundred day moving average price is $106.62. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $122.41.

United Parcel Service (NYSE:UPS) last posted its 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. The company had revenue of $22.83 billion during the quarter, compared to the consensus estimate of $21.86 billion. United Parcel Service had a return on equity of 37.50% and a net margin of 5.08%.The company’s revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.55 earnings per share. United Parcel Service has set its FY 2026 guidance at 7.220-7.220 EPS. On average, equities analysts anticipate that United Parcel Service, Inc. will post 7.22 earnings per share for the current year.

United Parcel Service Dividend Announcement

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

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.