27,462 Shares in United Parcel Service, Inc. $UPS Bought by AG2R LA Mondiale Gestion D Actifs

Key Points

• AG2R LA Mondiale Gestion D Actifs has made a new investment of approximately $3.02 million in United Parcel Service (UPS), acquiring 27,462 shares in the first quarter.
• UPS reported a missed earnings estimate with a quarterly EPS of $1.55, slightly below the consensus estimate of $1.56, and showed a revenue decline of 2.7% year-over-year.
• The company declared a quarterly dividend of $1.64 per share, resulting in an annualized dividend yield of 7.8%, with a payout ratio of 97.62%.

AG2R LA Mondiale Gestion D Actifs purchased a new position in United Parcel Service, Inc. (NYSE:UPS - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 27,462 shares of the transportation company's stock, valued at approximately $3,021,000.

Several other institutional investors also recently modified their holdings of UPS. Pinney & Scofield Inc. bought a new stake in United Parcel Service during the 4th quarter valued at about $27,000. Fourth Dimension Wealth LLC bought a new stake in United Parcel Service during the 4th quarter valued at about $28,000. Graybill Wealth Management LTD. bought a new stake in United Parcel Service during the 1st quarter valued at about $26,000. Citizens National Bank Trust Department increased its stake in United Parcel Service by 525.0% during the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock valued at $27,000 after purchasing an additional 210 shares in the last quarter. Finally, Hemington Wealth Management increased its stake in United Parcel Service by 68.9% during the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company's stock valued at $31,000 after purchasing an additional 115 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on UPS. Galvan Research reduced their price objective on shares of United Parcel Service from $126.00 to $124.00 and set a "buy" rating for the company in a research note on Monday, June 30th. Morgan Stanley dropped their price target on shares of United Parcel Service from $80.00 to $75.00 and set an "underweight" rating on the stock in a report on Wednesday, July 30th. Vertical Research reaffirmed a "hold" rating and set a $103.00 price target on shares of United Parcel Service in a report on Wednesday, July 30th. Truist Financial dropped their price target on shares of United Parcel Service from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Wednesday, July 30th. Finally, Argus dropped their price target on shares of United Parcel Service from $150.00 to $120.00 in a report on Friday, May 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $112.34.

United Parcel Service Price Performance

NYSE:UPS traded down $0.28 during trading hours on Monday, hitting $84.07. 6,372,705 shares of the stock traded hands, compared to its average volume of 6,603,825. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $145.01. The company has a market cap of $71.26 billion, a price-to-earnings ratio of 12.51, a price-to-earnings-growth ratio of 1.55 and a beta of 1.08. The stock has a 50 day moving average price of $91.22 and a 200 day moving average price of $98.71.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.01). United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The firm had revenue of $21.20 billion for the quarter, compared to analysts' expectations of $20.90 billion. During the same period in the prior year, the firm earned $1.79 EPS. United Parcel Service's revenue for the quarter was down 2.7% compared to the same quarter last year. Sell-side analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Monday, August 18th. This represents a $6.56 annualized dividend and a dividend yield of 7.8%. United Parcel Service's dividend payout ratio (DPR) is presently 97.62%.

Insider Activity

In related news, CEO Carol B. Tome acquired 11,682 shares of United Parcel Service stock in a transaction dated Friday, August 1st. The shares were purchased at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the transaction, the chief executive officer directly owned 24,718 shares in the company, valued at approximately $2,117,591.06. This represents a 89.61% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christiana Smith Shi acquired 500 shares of United Parcel Service stock in a transaction dated Friday, August 22nd. The shares were bought at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the transaction, the director owned 500 shares of the company's stock, valued at approximately $44,085. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 17,182 shares of company stock worth $1,477,382 over the last quarter. Insiders own 0.13% of the company's stock.

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.