California State Teachers Retirement System Boosts Position in United Parcel Service, Inc. $UPS

California State Teachers Retirement System grew its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 12,975.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 112,070,470 shares of the transportation company’s stock after buying an additional 111,213,365 shares during the period. California State Teachers Retirement System owned 13.17% of United Parcel Service worth $12,047,576,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Brighton Jones LLC lifted 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 worth $1,529,000 after purchasing an additional 4,723 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in shares of United Parcel Service during the 2nd quarter valued at $277,000. SVB Wealth LLC purchased a new position in shares of United Parcel Service during the 2nd quarter valued at $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 worth $34,609,000 after purchasing an additional 9,124 shares during the period. 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 worth $10,580,000 after purchasing an additional 63,629 shares during the period. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Stock Down 1.7%

Shares of UPS opened at $100.55 on Wednesday. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $122.41. 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 50 day simple moving average of $107.53 and a two-hundred day simple moving average of $105.19. The firm has a market cap of $85.55 billion, a P/E ratio of 18.69, a P/E/G ratio of 1.83 and a beta of 1.06.

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

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Monday, August 17th were paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend was Monday, August 17th. United Parcel Service’s dividend payout ratio (DPR) is 121.93%.

Analyst Upgrades and Downgrades

UPS has been the subject of several research analyst reports. Stifel Nicolaus lifted their price objective on United Parcel Service from $114.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Citigroup upped their target price on United Parcel Service from $127.00 to $132.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. UBS Group lifted their price target on United Parcel Service from $123.00 to $124.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Sanford C. Bernstein boosted their price objective on United Parcel Service from $130.00 to $133.00 and gave the stock an “outperform” rating in a report on Tuesday, July 21st. Finally, Oppenheimer upped their price objective on shares of United Parcel Service from $115.00 to $117.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $117.41.

United Parcel Service Profile

United Parcel Service, Inc (NYSE: UPS) is a global package delivery and logistics company that provides transportation, distribution and supply-chain services. Its offerings include time-definite delivery of packages and documents, ground and air transportation, international shipping, freight services, customs brokerage and logistics management.

UPS serves businesses and consumers in the United States and across international markets, connecting customers in more than 200 countries and territories.