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United Parcel Service, Inc. (NYSE:UPS), a prominent player in the Air Freight & Logistics industry with a market capitalization of $85.5 billion, held its Annual Meeting of Shareholders on May 8, 2025, where several key decisions were made by the company’s shareholders. According to InvestingPro analysis, UPS currently offers a substantial 6.84% dividend yield and has maintained dividend payments for 27 consecutive years. The meeting led to the election of twelve directors who will serve until the 2026 annual meeting, the approval of executive compensation, and the ratification of the company’s accountants. With a FAIR overall financial health score from InvestingPro, the company continues to demonstrate solid operational performance, maintaining a healthy current ratio of 1.09 and operating with a moderate level of debt.
The election of directors saw substantial support for each nominee, with all receiving a significant majority of votes cast in their favor. Notably, the shareholder advisory approval of the named executive officers’ compensation was also passed, indicating shareholder satisfaction with the company’s executive pay structure.
Additionally, shareholders ratified the appointment of Deloitte & Touche LLP as UPS’s independent registered public accounting firm for the fiscal year ending December 31, 2025, with an overwhelming majority of votes in favor.
However, two shareholder proposals did not pass. The first, which sought to reduce the voting power of UPS class A stock from ten votes per share to one vote per share, was not approved. Similarly, the second proposal requesting the company prepare a report on risks arising from voluntary carbon-reduction commitments was also rejected by shareholders.
The outcomes of the votes are in line with the company’s recommendations and suggest shareholder confidence in the current management and strategic direction.
This news is based on the latest 8-K filing by United Parcel Service, Inc. with the Securities and Exchange Commission, which provides a detailed account of the Annual Meeting’s proceedings and outcomes.
In other recent news, United Parcel Service (UPS) has announced a quarterly dividend of $1.64 per share, highlighting its ongoing commitment to shareholder returns. The company reported revenues of $91.1 billion in 2024, underscoring its substantial global presence. Meanwhile, HSBC has downgraded UPS’s stock rating from Buy to Hold, reducing the price target to $105 due to expected declines in volumes, pricing, and margins. Stifel also cut its price target for UPS to $124 but maintained a Buy rating, noting the company’s resilience despite a challenging economic climate.
Additionally, Loop Capital revised its price target for UPS to $105 from $115, citing a decline in demand and uncertainties in China. The firm maintained a Hold rating, reflecting cautious optimism amidst market uncertainties. Stephens further adjusted the price target to $101 from $110, retaining an Equal Weight rating, and noted UPS’s plans to reduce its workforce and close facilities in response to anticipated volume declines. Despite these challenges, UPS aims to maintain pricing discipline and expects an increase in domestic revenue per piece in the upcoming quarter. These developments reflect the ongoing adjustments UPS is making to navigate the evolving economic landscape.
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