12,316 United Parcel Service, Inc. $UPS Shares Acquired by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. grew its stake in United Parcel Service, Inc. (NYSE:UPS) by 10.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 134,320 shares of the transportation company’s stock after purchasing an additional 12,316 shares during the quarter. Rakuten Investment Management Inc.’s holdings in United Parcel Service were worth $12,617,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Provenance Wealth Advisors LLC increased its stake in shares of United Parcel Service by 1,453.4% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 1,600 shares of the transportation company’s stock worth $150,000 after acquiring an additional 1,497 shares during the last quarter. Associated Banc Corp acquired a new position in shares of United Parcel Service during the 3rd quarter valued at about $1,003,000. Putney Financial Group LLC acquired a new position in shares of United Parcel Service during the 3rd quarter valued at about $42,000. Richwood Investment Advisors LLC grew its holdings in shares of United Parcel Service by 3.4% in the third quarter. Richwood Investment Advisors LLC now owns 6,376 shares of the transportation company’s stock valued at $596,000 after purchasing an additional 210 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its holdings in shares of United Parcel Service by 0.3% in the third quarter. Oregon Public Employees Retirement Fund now owns 92,095 shares of the transportation company’s stock valued at $8,605,000 after purchasing an additional 300 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

More United Parcel Service News

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

• Positive Sentiment: UPS reported quarterly earnings of $1.69 per share on $22.85 billion in revenue. Recent coverage points to profit growth, cost savings, and a raised outlook as drivers of the stock’s strength. UPS quarterly earnings
• Positive Sentiment: Margin expansion in U.S. domestic packages is a potential growth driver: UPS says it met its third-quarter margin target and expects sequential improvement in the fourth quarter, following its reduction of Amazon delivery volumes. Fool article on UPS growth
• Positive Sentiment: UPS declared its regular quarterly dividend of $1.64 per share, payable December 3. The continued payout may appeal to income-focused investors. UPS dividend announcement
• Negative Sentiment: The dividend has remained at $1.64 for seven quarters, while reports flag that payouts consume a large share of free cash flow—and may have exceeded it. That raises concerns about dividend growth and coverage, even though UPS has maintained its payout. Article on UPS dividend concerns
• Negative Sentiment: Weak package volumes remain a near-term headwind that could limit the benefit of cost savings and improving margins. Article on UPS outlook and risks

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Evercore boosted their target price on shares of United Parcel Service from $117.00 to $118.00 in a report on Wednesday, July 29th. Stephens reduced 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 research report 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. Barclays increased their price objective on United Parcel Service from $80.00 to $95.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 28th. Finally, UBS Group raised their target price on United Parcel Service from $124.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, October 28th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, United Parcel Service currently has a consensus rating of “Hold” and a consensus target price of $118.45.

United Parcel Service Trading Up 4.7%

NYSE:UPS opened at $114.29 on Thursday. United Parcel Service, Inc. has a 12-month low of $90.84 and a 12-month high of $122.41. The firm has a market cap of $97.24 billion, a PE ratio of 21.98, a price-to-earnings-growth ratio of 1.96 and a beta of 0.98. The company has a current ratio of 1.24, a quick ratio of 1.18 and a debt-to-equity ratio of 1.67. The stock has a fifty day moving average price of $99.65 and a 200 day moving average price of $104.68.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Wednesday, November 4th. The transportation company reported $1.69 earnings per share (EPS) for the quarter. United Parcel Service had a return on equity of 37.78% and a net margin of 4.84%. The business had revenue of $22.85 billion during the quarter. Sell-side analysts anticipate that United Parcel Service, Inc. will post 7.28 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Monday, November 16th will be paid a $1.64 dividend. The ex-dividend date is Monday, November 16th. This represents a $6.56 dividend on an annualized basis and a yield of 5.7%. United Parcel Service’s dividend payout ratio (DPR) is currently 126.15%.

Insider Transactions at United Parcel Service

In related news, insider Matthew Guffey sold 8,318 shares of the business’s stock in a transaction that occurred on Wednesday, October 28th. The stock was sold at an average price of $105.39, for a total transaction of $876,634.02. Following the completion of the sale, the insider owned 271 shares in the company, valued at $28,560.69. The trade was a 96.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.19% of the stock is owned by company insiders.

About United Parcel Service

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.