New York Life Investment Management LLC Raises Stock Holdings in United Parcel Service, Inc. $UPS

New York Life Investment Management LLC boosted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 1.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 109,968 shares of the transportation company’s stock after buying an additional 1,684 shares during the quarter. New York Life Investment Management LLC’s holdings in United Parcel Service were worth $11,100,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of United Parcel Service by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 66,136,226 shares of the transportation company’s stock valued at $7,274,323,000 after purchasing an additional 999,832 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of United Parcel Service by 7.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company’s stock valued at $2,754,751,000 after purchasing an additional 1,780,807 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of United Parcel Service by 124.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company’s stock valued at $991,132,000 after purchasing an additional 4,988,044 shares during the last quarter. Northern Trust Corp increased its position in shares of United Parcel Service by 0.3% during the 1st quarter. Northern Trust Corp now owns 7,415,523 shares of the transportation company’s stock valued at $815,633,000 after purchasing an additional 23,918 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of United Parcel Service by 3.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,719,145 shares of the transportation company’s stock valued at $519,059,000 after purchasing an additional 171,303 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insiders Place Their Bets

In other United Parcel Service news, Director William R. Johnson purchased 5,000 shares of the company’s stock in a transaction on Thursday, July 31st. The stock was acquired at an average cost of $86.50 per share, for a total transaction of $432,500.00. Following the purchase, the director directly owned 10,160 shares of the company’s stock, valued at $878,840. This trade represents a 96.90% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Carol B. Tome purchased 11,682 shares of the company’s stock in a transaction on Friday, August 1st. The stock was acquired at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the purchase, the chief executive officer directly owned 24,718 shares in the company, valued at $2,117,591.06. This trade represents a 89.61% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired 17,182 shares of company stock worth $1,477,382 in the last three months. 0.13% of the stock is owned by company insiders.

United Parcel Service Trading Up 8.2%

Shares of NYSE:UPS opened at $96.52 on Wednesday. The stock has a 50 day moving average of $85.75 and a 200 day moving average of $93.06. The company has a market cap of $81.80 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 1.65 and a beta of 1.10. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $138.67.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.43. The company had revenue of $21.40 billion during the quarter, compared to the consensus estimate of $20.94 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The firm’s revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.76 EPS. United Parcel Service has set its Q4 2025 guidance at EPS. As a group, equities research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were paid a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.8%. The ex-dividend date was Monday, August 18th. United Parcel Service’s dividend payout ratio is presently 97.62%.

Analysts Set New Price Targets

Several research firms have recently commented on UPS. Wall Street Zen lowered shares of United Parcel Service from a “hold” rating to a “sell” rating in a research report on Saturday, September 20th. Stifel Nicolaus reduced their price target on shares of United Parcel Service from $120.00 to $109.00 and set a “buy” rating for the company in a research report on Tuesday. BNP Paribas Exane raised shares of United Parcel Service from an “underperform” rating to a “neutral” rating and set a $100.00 price target for the company in a research report on Thursday, July 3rd. Truist Financial reduced their price target on shares of United Parcel Service from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, July 30th. Finally, Morgan Stanley reduced their price target on shares of United Parcel Service from $80.00 to $75.00 and set an “underweight” rating for the company in a research report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, United Parcel Service has an average rating of “Hold” and a consensus target price of $108.97.

United Parcel Service Company Profile

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.