FNY Investment Advisers LLC Sells 11,418 Shares of United Parcel Service, Inc. $UPS

FNY Investment Advisers LLC lowered its holdings in United Parcel Service, Inc. (NYSE:UPS) by 95.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 521 shares of the transportation company’s stock after selling 11,418 shares during the quarter. FNY Investment Advisers LLC’s holdings in United Parcel Service were worth $56,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank acquired a new position in shares of United Parcel Service in the 4th quarter valued at $902,446,000. Victory Capital Management Inc. boosted its stake in United Parcel Service by 72.9% in the 4th quarter. Victory Capital Management Inc. now owns 13,818,314 shares of the transportation company’s stock worth $1,370,639,000 after purchasing an additional 5,826,824 shares during the period. AQR Capital Management LLC boosted its position in United Parcel Service by 175.7% during the 4th quarter. AQR Capital Management LLC now owns 5,200,135 shares of the transportation company’s stock worth $515,801,000 after acquiring an additional 3,314,166 shares during the last quarter. Pacer Advisors Inc. boosted its position in United Parcel Service by 507.8% during the fourth quarter. Pacer Advisors Inc. now owns 3,244,234 shares of the transportation company’s stock valued at $321,796,000 after purchasing an additional 2,710,470 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of United Parcel Service by 23.3% in the first quarter. Bank of America Corp DE now owns 9,728,123 shares of the transportation company’s stock valued at $957,053,000 after buying an additional 1,836,651 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on UPS shares. Evercore dropped their price target on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a research note on Wednesday, April 22nd. Stephens reduced their price target on United Parcel Service from $135.00 to $130.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. Oppenheimer boosted their target price on shares of United Parcel Service from $115.00 to $117.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Wall Street Zen upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Sanford C. Bernstein raised their target price on shares of United Parcel Service from $130.00 to $133.00 and gave the company an “outperform” rating in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $117.41.

United Parcel Service Trading Up 1.3%

NYSE UPS opened at $104.56 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.18 and a debt-to-equity ratio of 1.58. The business has a 50 day moving average price of $109.33 and a 200-day moving average price of $106.62. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $122.41. The company has a market cap of $88.88 billion, a price-to-earnings ratio of 19.43, a P/E/G ratio of 1.89 and a beta of 1.06.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, July 28th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.11. The business had revenue of $22.83 billion during the quarter, compared to the consensus estimate of $21.86 billion. United Parcel Service had a return on equity of 37.50% and a net margin of 5.08%.The company’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.55 EPS. United Parcel Service has set its FY 2026 guidance at 7.220-7.220 EPS. As a group, equities analysts expect that United Parcel Service, Inc. will post 7.22 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Monday, August 17th will be given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend is Monday, August 17th. United Parcel Service’s dividend payout ratio (DPR) is currently 121.93%.

United Parcel Service Company 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.