22,225 United Parcel Service, Inc. $UPS Shares Sold by GRIMES & Co WEALTH MANAGEMENT LLC

by · The Markets Daily

GRIMES & Co WEALTH MANAGEMENT LLC lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 64.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 12,381 shares of the transportation company’s stock after selling 22,225 shares during the quarter. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in United Parcel Service were worth $1,157,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in UPS. Legacy Wealth Managment LLC ID raised its position in United Parcel Service by 48.6% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 309 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 101 shares in the last quarter. Wealth Alliance LLC grew its position in United Parcel Service by 3.5% during the 1st quarter. Wealth Alliance LLC now owns 3,013 shares of the transportation company’s stock worth $296,000 after purchasing an additional 102 shares during the last quarter. Texas Bank & Trust Co lifted its position in United Parcel Service by 1.0% during the 1st quarter. Texas Bank & Trust Co now owns 10,286 shares of the transportation company’s stock worth $1,012,000 after acquiring an additional 106 shares during the period. Midland Wealth Advisors LLC boosted its holdings in shares of United Parcel Service by 3.8% in the 3rd quarter. Midland Wealth Advisors LLC now owns 2,996 shares of the transportation company’s stock valued at $280,000 after acquiring an additional 111 shares during the last quarter. Finally, Syon Capital LLC boosted its stake in shares of United Parcel Service by 1.6% in the second quarter. Syon Capital LLC now owns 7,252 shares of the transportation company’s stock worth $780,000 after buying an additional 112 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service News Roundup

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

UPS has been the subject of several recent analyst reports. Citizens Jmp began coverage on United Parcel Service in a research note on Wednesday, July 15th. They issued a “market perform” rating for the company. Sanford C. Bernstein dropped their price target on United Parcel Service from $131.00 to $127.00 and set an “outperform” rating for the company in a research report on Wednesday, October 21st. BNP Paribas Exane dropped their price target on shares of United Parcel Service from $90.00 to $85.00 and set an “underperform” rating for the company in a research note on Wednesday, September 30th. 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 note on Wednesday, July 29th. Finally, TD Cowen boosted their price objective on shares of United Parcel Service from $115.00 to $116.00 and gave the company a “hold” rating in a report on Wednesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $118.45.

Get Our Latest Stock Report on United Parcel Service

Insider Transactions at United Parcel Service

In related news, insider Matthew Guffey sold 8,318 shares of United Parcel Service stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $105.39, for a total transaction of $876,634.02. Following the sale, the insider directly owned 271 shares in the company, valued at $28,560.69. This trade represents a 96.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.19% of the stock is owned by company insiders.

United Parcel Service Stock Up 4.7%

Shares of United Parcel Service stock opened at $114.29 on Thursday. United Parcel Service, Inc. has a 52-week low of $90.84 and a 52-week high of $122.41. The company has a 50 day moving average of $99.65 and a 200 day moving average of $104.68. The company has a quick ratio of 1.18, a current ratio of 1.24 and a debt-to-equity ratio of 1.67. The company has a market capitalization of $97.24 billion, a P/E ratio of 21.98, a P/E/G ratio of 1.96 and a beta of 0.98.

United Parcel Service (NYSE:UPS – Get Free Report) last issued its earnings results on Wednesday, November 4th. The transportation company reported $1.69 EPS for the quarter. The firm had revenue of $22.85 billion during the quarter. United Parcel Service had a net margin of 4.84% and a return on equity of 37.78%. As a group, research analysts forecast that United Parcel Service, Inc. will post 7.28 EPS for the current fiscal year.

United Parcel Service Company Profile

(Free Report)

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.

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