Pinnacle West Asset Management Inc. Makes New Investment in United Parcel Service, Inc. $UPS

Pinnacle West Asset Management Inc. acquired a new stake in United Parcel Service, Inc. (NYSE:UPS) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 8,635 shares of the transportation company’s stock, valued at approximately $928,000.

Several other large investors also recently modified their holdings of the stock. University of Texas Texas AM Investment Management Co. bought a new position in United Parcel Service in the 4th quarter valued at about $25,000. IFC & Insurance Marketing Inc. acquired a new stake in United Parcel Service during the fourth quarter worth approximately $25,000. Coston McIsaac & Partners boosted its holdings in shares of United Parcel Service by 77.8% during the fourth quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock worth $27,000 after acquiring an additional 119 shares during the period. Torren Management LLC bought a new stake in shares of United Parcel Service during the fourth quarter worth approximately $29,000. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of United Parcel Service in the fourth quarter valued at approximately $29,000. 60.26% of the stock is owned by institutional investors.

United Parcel Service Stock Down 0.5%

Shares of UPS opened at $102.06 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.58. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $122.41. The firm’s 50 day moving average is $108.40 and its 200-day moving average is $106.38. The stock has a market capitalization of $86.83 billion, a PE ratio of 18.97, a P/E/G ratio of 1.85 and a beta of 1.06.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, July 28th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.11. The business had revenue of $22.83 billion during the quarter, compared to analysts’ expectations of $21.86 billion. United Parcel Service had a return on equity of 37.50% and a net margin of 5.08%.The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.55 earnings per share. United Parcel Service has set its FY 2026 guidance at 7.220-7.220 EPS. Equities research analysts forecast that United Parcel Service, Inc. will post 7.22 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Monday, August 17th will be given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date is Monday, August 17th. United Parcel Service’s dividend payout ratio is presently 121.93%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on UPS. Stephens lowered their target price on United Parcel Service from $135.00 to $130.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 29th. Stifel Nicolaus upped their price objective on United Parcel Service from $114.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Oppenheimer upped their price objective on United Parcel Service from $115.00 to $117.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Citigroup increased 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. Finally, Susquehanna boosted their target price on shares of United Parcel Service from $118.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. One 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 given a Sell rating to the company. According to MarketBeat, United Parcel Service currently has an average rating of “Hold” and an average target price of $117.41.

United Parcel Service 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.