1 Maximize Optimizing Institutional Holdings: LGT Group’s Strategic Reduction in United Parcel Service (NYS)E: UPS)

  • LGT Group Foundation reduces UPS stake by 16.2% in Q3.
  • Institutional investors adjust UPS holdings.
  • UPS stock opens at $159.30; 52-week range: $133.68-$197.80.
  • UPS reports $1.57 EPS, beats estimates by $0.04.
  • Quarterly dividend of $1.62 per share announced.
  • Analysts offer diverse perspectives on UPS stock.
  • UPS provides domestic and international delivery services.



LGT Group Fund reduces its stake in United Parcel Service, Inc. (NYSE:UPS) 

LGT Group Foundation reduced its stake in United Parcel Service, Inc. (NYSE:UPS) by 16.2% in the third quarter, according to a recent filing with the Securities and Exchange Commission. The fund sold 9,886 shares, leaving it with 51,057 shares in the transportation company’s stock. LGT Group Foundation’s UPS holdings were $7,918,000 as of the filing date.

Institutional shuffle :

Numerous other institutional investors also adjusted their UPS investments. State Street Corp boosted its share by 1.3% in the second quarter, while Charles Schwab Investment Management Inc. and Geode Capital Management LLC increased their positions by 2.1% and 2.9%, respectively. Similarly, Northern Trust Corp. and Franklin Resources Inc. saw swings in their UPS shares during the same time period. In all, institutional investors and hedge funds own 58.45% of the company’s stock.

United Parcel Service Stock Overview :

United Parcel Service stock opened at $159.30 on Friday, with a fifty-two week low of $133.68 and a high of $197.80. The company boasts a market capitalization of $135.71 billion, a price-to-earnings ratio of 16.12, a PEG ratio of 1.69, and a beta of 1.05. Its fifty and two-hundred day moving averages stand at $156.60 and $160.66, respectively, with a debt-to-equity ratio of 0.98 and current and quick ratios of 1.22 each.

UPS Earnings & Dividend :

United Parcel Service announced $1.57 EPS for the fiscal quarter ending October 26th, exceeding the consensus estimate of $1.53 by $0.04. The business also declared a quarterly dividend of $1.62 per share, payable to stockholders of record on November 13th. This equates to a $6.48 annual dividend, 4.07% dividend yield, and a current dividend payout ratio of 65.59%.

Analyst Insights :

A number of research firms recently revealed their thoughts on UPS. Ratings from TheStreet, Stifel Nicolaus, JPMorgan Chase & Co., Susquehanna, and Daiwa Capital Markets range from “buy” to “neutral” to “outperform”, impacting the overall consensus rating of “Hold”. According to MarketBeat.com, UPS has an average target price of $185.26.

About United Parcel Service :

United Parcel Service, Inc. provides transportation, delivery, distribution, and logistics services under the U.S. Domestic Package and International Package segments. The organisation offers time-definite delivery services for letters, papers, packages, and goods within the United States by air and land transportation.

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