NEOS Investment Management LLC Increases Holdings in United Parcel Service, Inc. $UPS

NEOS Investment Management LLC increased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 14.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 121,112 shares of the transportation company’s stock after acquiring an additional 15,021 shares during the quarter. NEOS Investment Management LLC’s holdings in United Parcel Service were worth $13,020,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in UPS. State Street Corp lifted its holdings in United Parcel Service by 3.3% in the fourth quarter. State Street Corp now owns 32,092,627 shares of the transportation company’s stock valued at $3,183,268,000 after acquiring an additional 1,029,377 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in United Parcel Service by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 27,142,759 shares of the transportation company’s stock worth $2,692,290,000 after acquiring an additional 856,125 shares during the last quarter. Geode Capital Management LLC raised its position in United Parcel Service by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 17,154,091 shares of the transportation company’s stock valued at $1,703,291,000 after purchasing an additional 240,253 shares during the period. Victory Capital Management Inc. raised its position in United Parcel Service by 72.9% in the fourth quarter. Victory Capital Management Inc. now owns 13,818,314 shares of the transportation company’s stock valued at $1,370,639,000 after purchasing an additional 5,826,824 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of United Parcel Service by 23.3% in the 1st quarter. Bank of America Corp DE now owns 9,728,123 shares of the transportation company’s stock valued at $957,053,000 after purchasing an additional 1,836,651 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Down 1.2%

Shares of NYSE UPS opened at $102.30 on Friday. The stock has a market cap of $87.03 billion, a P/E ratio of 19.01, a PEG ratio of 1.85 and a beta of 1.06. The business’s fifty day simple moving average is $107.78 and its 200-day simple moving average is $105.49. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $122.41. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.58.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, July 28th. The transportation company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.65 by $0.11. The firm had revenue of $22.83 billion during the quarter, compared to analysts’ expectations of $21.86 billion. United Parcel Service had a return on equity of 37.50% and a net margin of 5.08%.United Parcel Service’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.55 EPS. United Parcel Service has set its FY 2026 guidance at 7.220-7.220 EPS. As a group, equities analysts predict that United Parcel Service, Inc. will post 7.22 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Investors 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 6.4%. The ex-dividend date was Monday, August 17th. United Parcel Service’s dividend payout ratio is presently 121.93%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Sanford C. Bernstein raised their price objective on United Parcel Service from $130.00 to $133.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 21st. Weiss Ratings raised shares of United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, August 17th. Stifel Nicolaus boosted their price target on shares of United Parcel Service from $114.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Susquehanna boosted their target price on United Parcel Service from $118.00 to $120.00 and gave the company a “neutral” rating in a research report on Wednesday, July 29th. Finally, Citizens Jmp assumed coverage on United Parcel Service in a research report on Wednesday, July 15th. They set a “market perform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, United Parcel Service has an average rating of “Hold” and an average price target of $117.41.

United Parcel Service Company 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.