United Parcel Service, Inc. $UPS Shares Sold by Amundi

Key Points

• Amundi has reduced its stake in United Parcel Service, Inc. (UPS) by 25.4%, now owning approximately 0.88% of the company, following the sale of over 2.5 million shares.
• UPS recently announced a quarterly dividend of $1.64 per share, set to be paid on September 4th, representing an annualized payout of $6.56 and a yield of 7.7%.
• The company reported $1.55 EPS for the last quarter, missing analyst expectations, with revenue of $21.20 billion, down 2.7% year-over-year.

Amundi lowered its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 25.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,494,486 shares of the transportation company's stock after selling 2,546,377 shares during the period. Amundi owned approximately 0.88% of United Parcel Service worth $751,316,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in UPS. Graybill Wealth Management LTD. bought a new stake in United Parcel Service in the first quarter worth about $26,000. Pinney & Scofield Inc. bought a new stake in United Parcel Service in the fourth quarter worth about $27,000. Citizens National Bank Trust Department lifted its stake in United Parcel Service by 525.0% in the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock worth $27,000 after purchasing an additional 210 shares during the last quarter. Fourth Dimension Wealth LLC bought a new stake in United Parcel Service in the fourth quarter worth about $28,000. Finally, Hemington Wealth Management lifted its stake in United Parcel Service by 68.9% in the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company's stock worth $31,000 after purchasing an additional 115 shares during the last quarter. Institutional investors own 60.26% of the company's stock.

United Parcel Service Stock Up 0.6%

United Parcel Service stock traded up $0.48 during mid-day trading on Friday, reaching $84.96. 8,580,388 shares of the company were exchanged, compared to its average volume of 7,905,999. The business has a fifty day moving average of $93.18 and a 200 day moving average of $100.07. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a market cap of $72.01 billion, a P/E ratio of 12.64, a PEG ratio of 1.55 and a beta of 1.08. United Parcel Service, Inc. has a 12-month low of $83.67 and a 12-month high of $145.01.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.56 by ($0.01). The business had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The business's revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.79 earnings per share. Research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared 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 of this dividend was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.7%. United Parcel Service's dividend payout ratio is presently 97.62%.

Insider Transactions at United Parcel Service

In other United Parcel Service news, Director William R. Johnson purchased 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 31st. The shares were acquired at an average cost of $86.50 per share, with a total value of $432,500.00. Following the completion of the transaction, the director owned 10,160 shares in the company, valued at approximately $878,840. This trade represents a 96.90% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Christiana Smith Shi bought 500 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was purchased at an average cost of $88.17 per share, for a total transaction of $44,085.00. Following the completion of the transaction, the director owned 500 shares in the company, valued at $44,085. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 17,182 shares of company stock valued at $1,477,382. Corporate insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on UPS. Wall Street Zen downgraded shares of United Parcel Service from a "hold" rating to a "sell" rating in a research note on Saturday, August 30th. Morgan Stanley decreased 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 note on Wednesday, July 30th. Barclays decreased their price target on shares of United Parcel Service from $90.00 to $80.00 and set an "underweight" rating for the company in a research note on Thursday, July 31st. BNP Paribas raised shares of United Parcel Service to a "hold" rating in a research note on Thursday, July 3rd. Finally, Stifel Nicolaus decreased their price target on shares of United Parcel Service from $124.00 to $120.00 and set a "buy" rating for the company in a research note on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $112.59.

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.