Auto Owners Insurance Co Raises Position in United Parcel Service, Inc. $UPS

Auto Owners Insurance Co raised its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 127.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,300 shares of the transportation company’s stock after acquiring an additional 6,900 shares during the quarter. Auto Owners Insurance Co’s holdings in United Parcel Service were worth $1,242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of UPS. Founders Capital Management LLC lifted its stake in shares of United Parcel Service by 8.3% during the 2nd quarter. Founders Capital Management LLC now owns 111,405 shares of the transportation company’s stock valued at $11,245,000 after buying an additional 8,579 shares in the last quarter. Gallacher Capital Management LLC purchased a new position in shares of United Parcel Service during the 1st quarter valued at $620,000. Capital CS Group LLC lifted its stake in shares of United Parcel Service by 3.6% during the 2nd quarter. Capital CS Group LLC now owns 235,090 shares of the transportation company’s stock valued at $23,730,000 after buying an additional 8,070 shares in the last quarter. CX Institutional lifted its stake in shares of United Parcel Service by 39.9% during the 2nd quarter. CX Institutional now owns 60,165 shares of the transportation company’s stock valued at $6,073,000 after buying an additional 17,152 shares in the last quarter. Finally, Stephens Inc. AR lifted its stake in shares of United Parcel Service by 20.1% during the 2nd quarter. Stephens Inc. AR now owns 90,368 shares of the transportation company’s stock valued at $9,122,000 after buying an additional 15,135 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

UPS has been the topic of several research analyst reports. Citigroup decreased their price target on shares of United Parcel Service from $114.00 to $112.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Wall Street Zen cut shares of United Parcel Service from a “hold” rating to a “sell” rating in a research note on Saturday, September 20th. Wells Fargo & Company decreased their price target on shares of United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 30th. Weiss Ratings reiterated a “sell (d+)” rating on shares of United Parcel Service in a research note on Wednesday, October 8th. Finally, Wolfe Research decreased their price target on shares of United Parcel Service from $113.00 to $112.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, ten have given 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 presently has an average rating of “Hold” and a consensus price target of $108.97.

Insider Activity

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

United Parcel Service Stock Up 8.2%

Shares of NYSE UPS opened at $96.52 on Wednesday. The firm’s 50-day moving average price is $85.75 and its 200-day moving average price is $93.06. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51. The stock has a market capitalization of $81.80 billion, a price-to-earnings ratio of 14.36, a P/E/G ratio of 1.65 and a beta of 1.10. 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 earnings results on Tuesday, October 28th. The transportation company reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.43. The firm had revenue of $21.40 billion for the quarter, compared to analysts’ expectations of $20.94 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The business’s revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.76 EPS. United Parcel Service has set its Q4 2025 guidance at EPS. On average, equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

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

United Parcel Service 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.