United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by NEOS Investment Management LLC

NEOS Investment Management LLC lifted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 31.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 41,985 shares of the transportation company's stock after purchasing an additional 9,952 shares during the quarter. NEOS Investment Management LLC's holdings in United Parcel Service were worth $5,294,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in UPS. IMG Wealth Management Inc. acquired a new stake in shares of United Parcel Service during the fourth quarter worth about $25,000. Generali Investments Management Co LLC acquired a new stake in United Parcel Service in the 4th quarter valued at about $26,000. IFS Advisors LLC lifted its stake in United Parcel Service by 232.3% in the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock worth $27,000 after acquiring an additional 151 shares during the last quarter. True Wealth Design LLC grew its stake in shares of United Parcel Service by 397.7% during the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company's stock worth $29,000 after purchasing an additional 171 shares in the last quarter. Finally, Runnymede Capital Advisors Inc. purchased a new stake in United Parcel Service during the fourth quarter worth approximately $30,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Trading Up 0.3 %

Shares of UPS opened at $110.00 on Tuesday. United Parcel Service, Inc. has a fifty-two week low of $108.30 and a fifty-two week high of $154.29. The stock has a fifty day moving average of $118.12 and a two-hundred day moving average of $126.27. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The company has a market capitalization of $93.96 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 1.55 and a beta of 0.94.

Remove Ads

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, topping analysts' consensus estimates of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same quarter in the prior year, the company earned $2.47 EPS. As a group, analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 5.96%. This is a boost from United Parcel Service's previous quarterly dividend of $1.63. The ex-dividend date of this dividend was Tuesday, February 18th. United Parcel Service's dividend payout ratio is 97.04%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Robert W. Baird lowered shares of United Parcel Service from an "outperform" rating to a "neutral" rating and cut their price target for the stock from $160.00 to $130.00 in a research note on Friday, January 31st. Susquehanna lowered their price objective on shares of United Parcel Service from $140.00 to $130.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Stifel Nicolaus lowered their target price on shares of United Parcel Service from $156.00 to $153.00 and set a "buy" rating on the stock in a report on Thursday, January 23rd. Wells Fargo & Company reduced their price target on United Parcel Service from $128.00 to $120.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Finally, Wolfe Research raised shares of United Parcel Service from a "peer perform" rating to an "outperform" rating and set a $147.00 price target on the stock in a research note on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, United Parcel Service has an average rating of "Moderate Buy" and a consensus price target of $136.26.

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.