NEOS Investment Management LLC Boosts Stock Position in United Parcel Service, Inc. $UPS

Key Points

• NEOS Investment Management increased its UPS position by 14.2% in the second quarter, adding 15,021 shares to hold 121,112 shares valued at approximately $13.0 million. Institutional investors collectively own 60.26% of UPS.
• UPS reported quarterly revenue of $22.83 billion and earnings of $1.76 per share, exceeding analyst expectations, while revenue grew 7.6% year over year.
• UPS pays a quarterly dividend of $1.64 per share, equivalent to a 6.4% annualized yield, but its payout ratio is elevated at 121.93%. Analysts’ consensus rating is “Hold”, with an average price target of $117.41.

NEOS Investment Management LLC grew its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 14.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 121,112 shares of the transportation company's stock after purchasing an additional 15,021 shares during the period. 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 institutional investors have also recently modified their holdings of the company. State Street Corp raised its position in United Parcel Service by 3.3% during the 4th quarter. State Street Corp now owns 32,092,627 shares of the transportation company's stock worth $3,183,268,000 after buying an additional 1,029,377 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of United Parcel Service by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 27,142,759 shares of the transportation company's stock valued at $2,692,290,000 after acquiring an additional 856,125 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of 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 worth $1,703,291,000 after acquiring an additional 240,253 shares during the period. Victory Capital Management Inc. increased its stake in shares of 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 worth $1,370,639,000 after acquiring an additional 5,826,824 shares during the period. Finally, Bank of America Corp DE raised its holdings in shares of United Parcel Service by 23.3% during the first quarter. Bank of America Corp DE now owns 9,728,123 shares of the transportation company's stock worth $957,053,000 after purchasing an additional 1,836,651 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Price Performance

Shares of United Parcel Service stock opened at $102.30 on Friday. The business has a 50 day simple moving average of $107.78 and a two-hundred day simple moving average of $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 debt-to-equity ratio of 1.58, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market capitalization of $87.03 billion, a P/E ratio of 19.01, a PEG ratio of 1.85 and a beta of 1.06.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The transportation company reported $1.76 earnings per share for the quarter, beating analysts' consensus estimates of $1.65 by $0.11. United Parcel Service had a return on equity of 37.50% and a net margin of 5.08%.The company had revenue of $22.83 billion for the quarter, compared to analyst estimates of $21.86 billion. During the same quarter last year, the firm posted $1.55 EPS. The firm's revenue for the quarter 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. As a group, analysts predict that United Parcel Service, Inc. will post 7.22 EPS 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 given a dividend of $1.64 per share. The ex-dividend date was Monday, August 17th. This represents a $6.56 dividend on an annualized basis and a yield of 6.4%. United Parcel Service's payout ratio is presently 121.93%.

Analyst Ratings Changes

A number of research analysts recently issued reports on UPS shares. Stifel Nicolaus boosted their target price on shares of United Parcel Service from $114.00 to $115.00 and gave the company a "buy" rating in a research report on Wednesday, July 29th. UBS Group boosted their price objective on United Parcel Service from $123.00 to $124.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. Wall Street Zen raised United Parcel Service from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Citigroup lifted their price target on United Parcel Service from $127.00 to $132.00 and gave the company a "buy" rating in a research report on Thursday, July 9th. Finally, Stephens decreased their price target 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. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company 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.

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