WealthCare Asset Management LLC Makes New $1.33 Million Investment in United Parcel Service, Inc. $UPS

WealthCare Asset Management LLC purchased a new stake in United Parcel Service, Inc. (NYSE:UPS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,196 shares of the transportation company’s stock, valued at approximately $1,326,000. United Parcel Service makes up approximately 1.1% of WealthCare Asset Management LLC’s portfolio, making the stock its 24th largest position.

A number of other large investors have also recently added to or reduced their stakes in UPS. Flagship Harbor Advisors LLC raised its stake in shares of United Parcel Service by 5.0% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 14,126 shares of the transportation company’s stock valued at $1,320,000 after purchasing an additional 677 shares in the last quarter. Peterson Wealth Services grew its stake in United Parcel Service by 42.0% in the third quarter. Peterson Wealth Services now owns 2,967 shares of the transportation company’s stock worth $277,000 after purchasing an additional 878 shares in the last quarter. Leo Wealth LLC acquired a new position in United Parcel Service in the third quarter worth about $399,000. Capstone Capital Management Ltd bought a new stake in United Parcel Service in the third quarter valued at about $1,000,000. Finally, Onyx Bridge Wealth Group LLC increased its holdings in United Parcel Service by 7.6% in the third quarter. Onyx Bridge Wealth Group LLC now owns 7,742 shares of the transportation company’s stock valued at $723,000 after buying an additional 550 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Stock Down 0.9%

Shares of United Parcel Service stock opened at $100.10 on Tuesday. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.18 and a quick ratio of 1.18. United Parcel Service, Inc. has a 1-year low of $88.21 and a 1-year high of $122.41. The business’s fifty day moving average price is $98.92 and its two-hundred day moving average price is $104.66. The company has a market capitalization of $85.16 billion, a P/E ratio of 14.54, a PEG ratio of 1.86 and a beta of 1.07.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data 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 net margin of 5.08% and a return on equity of 37.50%. The business’s revenue was up 7.6% on a year-over-year basis. During the same period last year, the firm posted $1.55 earnings per share. As a group, research analysts forecast that United Parcel Service, Inc. will post 7.19 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Monday, August 17th were issued a $1.64 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $6.56 annualized dividend and a dividend yield of 6.6%. United Parcel Service’s dividend payout ratio is currently 121.93%.

Analyst Ratings Changes

Several analysts have issued reports on UPS shares. BMO Capital Markets upped their price objective on United Parcel Service from $110.00 to $115.00 and gave the company a “market perform” rating in a research note on Wednesday, July 29th. Wall Street Zen lowered United Parcel Service from a “buy” rating to a “hold” rating in a research report on Saturday, September 19th. UBS Group boosted their price target on United Parcel Service from $123.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Stifel Nicolaus upped their price target on United Parcel Service from $114.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Finally, Evercore upped their price target on United Parcel Service from $117.00 to $118.00 in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, United Parcel Service currently has a consensus rating of “Hold” and a consensus target price of $115.70.

Key United Parcel Service News

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

• Positive Sentiment: Potential $50.7 million recovery: UPS reportedly won a legal decision allowing it to reclaim pension contributions that were paid by mistake. The recovery could modestly improve cash flow and reduce an unusual expense. UPS wins back $50.7M it paid into pension plan by mistake
• Positive Sentiment: Higher pricing planned: UPS plans an average 5.9% rate increase beginning December 21, matching FedEx’s announced increase. The move could support revenue and offset labor, fuel and other operating costs, although customer reaction and shipping volumes will be important. UPS plans 5.9% rate increase on Dec. 21
• Positive Sentiment: E-commerce opportunities: A new feature supporting TikTok Shop ahead of the holidays may help UPS capture social-commerce shipments during the peak season. The planned $80 million air hub in the Philippines is also viewed as a potential long-term growth and cash-flow opportunity. UPS adds key feature for TikTok Shop ahead of the holidays UPS stock looks below fair value following its fall
• Neutral Sentiment: Earnings are the immediate catalyst: Analysts expect third-quarter sales growth but a year-over-year decline in operating profit. Investors will focus on package volumes, pricing, margins, guidance and management’s assessment of holiday demand. UPS earnings are coming
• Neutral Sentiment: Valuation attracts income investors: UPS has fallen about 40% over five years and sits roughly 18% below its 52-week high, leading some analysts to argue the shares are below fair value. Its dividend yield and cash-generation potential may appeal to value investors, but the thesis depends on a durable earnings recovery. Historically cheap high-yield dividend stocks
• Negative Sentiment: Industry headwinds remain: Fuel-cost pressure, uncertain freight demand and broader macroeconomic concerns could weigh on transportation stocks. A projected operating-profit decline raises concerns that revenue growth may not translate into stronger earnings. Transportation stocks earnings preview

United Parcel Service Company Profile

United Parcel Service, Inc (NYSE: UPS) is a global package delivery and logistics company. Its services include the transportation and delivery of packages and freight, time-definite express delivery, supply chain management, customs brokerage, and logistics consulting. UPS serves businesses and consumers through ground, air, and international delivery networks.

The company operates across the United States and in international markets throughout Europe, Asia-Pacific, Latin America, Canada, and other regions.