5,539 United Parcel Service, Inc. $UPS Shares Sold by Cacti Asset Management LLC

Cacti Asset Management LLC lowered its stake in United Parcel Service, Inc. (NYSE:UPS) by 1.5% in the third quarter, Holdings Channel reports. The fund owned 356,031 shares of the transportation company’s stock after selling 5,539 shares during the quarter. United Parcel Service accounts for approximately 1.8% of Cacti Asset Management LLC’s investment portfolio, making the stock its 17th largest holding. Cacti Asset Management LLC’s holdings in United Parcel Service were worth $33,442,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. QRG Capital Management Inc. increased its stake in shares of United Parcel Service by 7.2% in the second quarter. QRG Capital Management Inc. now owns 124,836 shares of the transportation company’s stock valued at $13,420,000 after buying an additional 8,369 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in United Parcel Service by 13.8% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 54,678 shares of the transportation company’s stock worth $5,878,000 after acquiring an additional 6,623 shares during the last quarter. Andra AP fonden grew its holdings in United Parcel Service by 22.9% during the 2nd quarter. Andra AP fonden now owns 127,649 shares of the transportation company’s stock worth $13,722,000 after acquiring an additional 23,800 shares during the last quarter. IKE Capital LLC increased its position in United Parcel Service by 13.9% in the 2nd quarter. IKE Capital LLC now owns 7,740 shares of the transportation company’s stock valued at $832,000 after acquiring an additional 945 shares during the period. Finally, Sequoia Financial Advisors LLC increased its position in United Parcel Service by 0.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 56,624 shares of the transportation company’s stock valued at $6,087,000 after acquiring an additional 508 shares during the period. 60.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

UPS has been the topic of a number of recent research reports. BMO Capital Markets lifted their price target on shares of United Parcel Service from $110.00 to $115.00 and gave the stock a “market perform” rating in a report on Wednesday, July 29th. Susquehanna raised their target price on United Parcel Service from $118.00 to $120.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 29th. Wall Street Zen downgraded United Parcel Service from a “buy” rating to a “hold” rating in a report on Saturday, September 19th. Stephens reduced their price target on United Parcel Service from $135.00 to $130.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. Finally, Citizens Jmp started coverage on United Parcel Service in a research note on Wednesday, July 15th. They issued a “market perform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $117.41.

United Parcel Service Trading Up 0.7%

Shares of UPS stock traded up $0.69 during trading hours on Thursday, hitting $94.12. 1,602,933 shares of the company were exchanged, compared to its average volume of 5,672,540. The company has a 50 day simple moving average of $102.53 and a two-hundred day simple moving average of $103.80. The firm has a market cap of $80.08 billion, a P/E ratio of 17.48, a P/E/G ratio of 1.73 and a beta of 1.06. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.18 and a current ratio of 1.18. 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 issued its earnings results on Tuesday, July 28th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.11. The business had revenue of $22.83 billion for the quarter, compared to analyst estimates of $21.86 billion. United Parcel Service had a net margin of 5.08% and a return on equity of 37.50%. United Parcel Service’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.55 earnings per share. United Parcel Service has set its FY 2026 guidance at 7.220-7.220 EPS. Equities analysts anticipate that United Parcel Service, Inc. will post 7.21 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Monday, August 17th were paid a $1.64 dividend. The ex-dividend date was Monday, August 17th. This represents a $6.56 annualized dividend and a dividend yield of 7.0%. United Parcel Service’s dividend payout ratio (DPR) is currently 121.93%.

United Parcel Service Company Profile

United Parcel Service, Inc (NYSE: UPS) is a global logistics and package delivery company that provides transportation and supply chain management services to businesses and consumers. Its operations include the pickup, transportation and delivery of packages, documents and freight through ground, air and international networks.

UPS also offers logistics and supply chain solutions, including warehousing, distribution, customs brokerage, contract logistics, returns management and specialized services for healthcare and other industries.