Manning & Napier Advisors LLC Has $182.29 Million Stock Holdings in United Parcel Service, Inc. $UPS

Key Points

• Manning & Napier Advisors LLC boosted its UPS stake by 1.5% in the first quarter, ending with 1,852,919 shares valued at about $182.29 million. UPS now ranks as the firm’s 9th-largest holding and represents about 2.6% of its portfolio.
• UPS recently beat quarterly expectations, reporting $1.07 EPS versus the $1.02 consensus and revenue of $21.20 billion versus estimates of $20.99 billion. Even so, revenue was still down 1.4% from a year earlier.
• Analyst sentiment has turned more constructive, with Citigroup raising its price target to $132 and Stephens upgrading UPS to strong-buy. The stock also offers a sizable dividend, with a recent annualized yield of about 5.8%.

Manning & Napier Advisors LLC increased its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 1.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,852,919 shares of the transportation company's stock after purchasing an additional 26,835 shares during the quarter. United Parcel Service comprises about 2.6% of Manning & Napier Advisors LLC's holdings, making the stock its 9th largest position. Manning & Napier Advisors LLC owned 0.22% of United Parcel Service worth $182,290,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. University of Texas Texas AM Investment Management Co. bought a new position in United Parcel Service in the 4th quarter worth about $25,000. IFC & Insurance Marketing Inc. bought a new stake in shares of United Parcel Service during the fourth quarter valued at about $25,000. Coston McIsaac & Partners lifted its holdings in shares of United Parcel Service by 77.8% in the fourth quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company's stock worth $27,000 after buying an additional 119 shares in the last quarter. Torren Management LLC bought a new position in shares of United Parcel Service in the fourth quarter valued at approximately $29,000. Finally, Kemnay Advisory Services Inc. bought a new position in shares of United Parcel Service in the fourth quarter valued at approximately $29,000. 60.26% of the stock is currently owned by institutional investors.

Trending Headlines about United Parcel Service

Here are the key news stories impacting United Parcel Service this week:

• Positive Sentiment: Citigroup raised its price target on UPS to $132 and reiterated a buy rating, while Stephens upgraded the stock to strong-buy, signaling Wall Street sees more upside. Article Title
• Positive Sentiment: UPS was added to the Russell 1000 Value Defensive and Russell 1000 Defensive indexes, which can support demand from index-focused investors and highlight the stock’s defensive appeal. Article Title
• Positive Sentiment: Unusually heavy call option buying suggests traders are positioning for continued gains in UPS shares.
• Positive Sentiment: Several articles pointed to UPS’s strong earnings-beat history and growing investor attention ahead of the next quarterly report, reinforcing expectations for another solid print. Article Title
• Neutral Sentiment: UPS is reshaping its network, likely as part of ongoing operational efficiency efforts, but the article did not indicate an immediate material financial impact. Article Title
• Neutral Sentiment: UPS and FedEx remaining top logistics companies by market cap is a reminder of the company’s scale, but this is more a sector ranking than a stock-moving catalyst. Article Title
• Negative Sentiment: The U.S. Postal Service Inspector General flagged UPS’s air cargo contract with USPS, urging a re-evaluation over volume-guarantee risks and even possible termination if issues are not addressed, which adds uncertainty around parcel volumes and contract revenue. Article Title

United Parcel Service Price Performance

United Parcel Service stock traded up $1.88 during mid-day trading on Friday, hitting $112.61. 3,408,694 shares of the company traded hands, compared to its average volume of 4,506,363. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $122.41. The stock has a market cap of $95.72 billion, a price-to-earnings ratio of 18.22, a price-to-earnings-growth ratio of 1.76 and a beta of 1.05. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a fifty day moving average price of $105.35 and a 200-day moving average price of $105.59.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.07 EPS for the quarter, topping analysts' consensus estimates of $1.02 by $0.05. The firm had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.99 billion. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The business's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.49 EPS. On average, equities analysts predict that United Parcel Service, Inc. will post 7.11 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, May 18th were given a dividend of $1.64 per share. The ex-dividend date was Monday, May 18th. This represents a $6.56 dividend on an annualized basis and a yield of 5.8%. United Parcel Service's dividend payout ratio (DPR) is presently 106.15%.

Analyst Ratings Changes

Several equities analysts recently commented on UPS shares. Evercore reduced their price objective on shares of United Parcel Service from $115.00 to $113.00 and set an "in-line" rating for the company in a research note on Wednesday, April 22nd. Weiss Ratings cut shares of United Parcel Service from a "hold (c)" rating to a "sell (d+)" rating in a report on Friday, May 8th. Citigroup increased their price objective on United Parcel Service from $127.00 to $132.00 and gave the stock a "buy" rating in a research report on Thursday. UBS Group dropped their price objective on United Parcel Service from $125.00 to $123.00 and set a "buy" rating for the company in a research note on Wednesday, April 29th. Finally, Stephens raised United Parcel Service to a "strong-buy" rating in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat.com, United Parcel Service has a consensus rating of "Hold" and a consensus target price of $111.10.

About United Parcel Service

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.

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