Concurrent Investment Advisors LLC Has $15.58 Million Holdings in United Parcel Service, Inc. $UPS

Concurrent Investment Advisors LLC increased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 19.0% during the second quarter, HoldingsChannel.com reports. The firm owned 144,972 shares of the transportation company’s stock after buying an additional 23,123 shares during the period. Concurrent Investment Advisors LLC’s holdings in United Parcel Service were worth $15,584,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Norges Bank acquired a new stake in United Parcel Service during the fourth quarter worth $902,446,000. Victory Capital Management Inc. boosted its position in shares of United Parcel Service by 72.9% during the 4th quarter. Victory Capital Management Inc. now owns 13,818,314 shares of the transportation company’s stock valued at $1,370,639,000 after acquiring an additional 5,826,824 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of United Parcel Service by 175.7% during the 4th quarter. AQR Capital Management LLC now owns 5,200,135 shares of the transportation company’s stock valued at $515,801,000 after acquiring an additional 3,314,166 shares in the last quarter. Pacer Advisors Inc. increased its stake in United Parcel Service by 507.8% in the fourth quarter. Pacer Advisors Inc. now owns 3,244,234 shares of the transportation company’s stock valued at $321,796,000 after acquiring an additional 2,710,470 shares during the period. Finally, Wellington Management Group LLP increased its stake in United Parcel Service by 262.7% in the second quarter. Wellington Management Group LLP now owns 3,046,707 shares of the transportation company’s stock valued at $327,521,000 after acquiring an additional 2,206,666 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Price Performance

Shares of United Parcel Service stock opened at $102.30 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.58. The stock has a market capitalization of $87.03 billion, a price-to-earnings ratio of 19.01, a P/E/G ratio of 1.85 and a beta of 1.06. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $122.41. The firm’s 50-day moving average price is $107.78 and its two-hundred day moving average price is $105.49.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, July 28th. The transportation company reported $1.76 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $22.83 billion during the quarter, compared to analyst estimates of $21.86 billion. During the same quarter last year, the business posted $1.55 earnings per share. The company’s 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, equities analysts predict that United Parcel Service, Inc. will post 7.22 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Monday, August 17th were issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend was Monday, August 17th. United Parcel Service’s dividend payout ratio (DPR) is currently 121.93%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Citigroup increased their price target on shares of United Parcel Service from $127.00 to $132.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. 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 research note on Wednesday, July 29th. Sanford C. Bernstein upped their price objective on United Parcel Service from $130.00 to $133.00 and gave the company an “outperform” rating in a research note on Tuesday, July 21st. Stephens dropped their target price on United Parcel Service from $135.00 to $130.00 and set an “overweight” rating for the company in a report on Wednesday, July 29th. Finally, UBS Group raised their target price on United Parcel Service from $123.00 to $124.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $117.41.

United Parcel Service Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.