Osaic Holdings Inc. Increases Stock Position in United Parcel Service, Inc. $UPS

Key Points

• Osaic Holdings Inc. increased its stake in United Parcel Service by 12.1% in Q2, buying 25,451 shares to hold 236,083 shares worth about $23.92 million.
• Other large institutions also added to positions—Vanguard, State Street, Charles Schwab and Geode all raised stakes while Norges Bank established a new position valued at roughly $851.8 million—with institutional investors owning about 60.26% of UPS.
• UPS recently beat quarterly EPS estimates ($1.74 vs. $1.31) on $21.42 billion revenue (down 3.7% YoY), pays a quarterly dividend of $1.64 (annualized $6.56, 6.5% yield) and carries an average analyst consensus target of $110.09 (market rating: Hold).

Osaic Holdings Inc. raised its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 12.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 236,083 shares of the transportation company's stock after buying an additional 25,451 shares during the period. Osaic Holdings Inc.'s holdings in United Parcel Service were worth $23,922,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in United Parcel Service by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 66,905,138 shares of the transportation company's stock worth $6,753,405,000 after purchasing an additional 768,912 shares during the period. State Street Corp increased its position in shares of United Parcel Service by 1.5% in the second quarter. State Street Corp now owns 30,774,530 shares of the transportation company's stock valued at $3,106,381,000 after buying an additional 444,384 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of United Parcel Service by 3.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 25,792,139 shares of the transportation company's stock worth $2,603,459,000 after buying an additional 746,667 shares during the period. Geode Capital Management LLC lifted its position in shares of United Parcel Service by 4.8% during the 2nd quarter. Geode Capital Management LLC now owns 16,623,834 shares of the transportation company's stock valued at $1,675,733,000 after buying an additional 762,407 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of United Parcel Service during the 2nd quarter valued at approximately $851,842,000. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Trading Up 0.9%

Shares of United Parcel Service stock opened at $101.00 on Thursday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.30 and a quick ratio of 1.30. The stock's 50 day simple moving average is $93.25 and its 200-day simple moving average is $92.74. The stock has a market cap of $85.68 billion, a P/E ratio of 15.61, a P/E/G ratio of 2.39 and a beta of 1.11. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $136.99.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.74 EPS for the quarter, topping analysts' consensus estimates of $1.31 by $0.43. The firm had revenue of $21.42 billion for the quarter, compared to the consensus estimate of $20.94 billion. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.The firm's revenue was down 3.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.76 earnings per share. Analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, November 17th were issued a $1.64 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.5%. United Parcel Service's dividend payout ratio is currently 101.39%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on UPS. Citigroup upped their price objective on shares of United Parcel Service from $112.00 to $120.00 and gave the stock a "buy" rating in a research report on Wednesday, October 29th. Wall Street Zen raised shares of United Parcel Service from a "sell" rating to a "hold" rating in a research note on Saturday, November 1st. Truist Financial lifted their price objective on United Parcel Service from $100.00 to $120.00 and gave the stock a "buy" rating in a report on Wednesday, October 29th. Weiss Ratings reissued a "sell (d+)" rating on shares of United Parcel Service in a report on Wednesday, October 8th. Finally, Stephens raised United Parcel Service to a "hold" rating in a research note on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have assigned a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $110.09.

About United Parcel Service

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.

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