Lbp Am Sa Sells 6,309 Shares of United Parcel Service, Inc. (NYSE:UPS)

LBP AM SA decreased its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 3.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 159,623 shares of the transportation company's stock after selling 6,309 shares during the period. LBP AM SA's holdings in United Parcel Service were worth $17,557,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. IMG Wealth Management Inc. acquired a new stake in United Parcel Service in the 4th quarter valued at $25,000. Generali Investments Management Co LLC bought a new position in shares of United Parcel Service in the 4th quarter valued at about $26,000. Pinney & Scofield Inc. bought a new position in shares of United Parcel Service in the 4th quarter valued at about $27,000. Fourth Dimension Wealth LLC bought a new position in shares of United Parcel Service in the 4th quarter valued at about $28,000. Finally, Runnymede Capital Advisors Inc. bought a new position in shares of United Parcel Service in the 4th quarter valued at about $30,000. Institutional investors own 60.26% of the company's stock.

United Parcel Service Stock Performance

NYSE:UPS traded down $0.04 during mid-day trading on Wednesday, reaching $102.34. The company's stock had a trading volume of 4,565,721 shares, compared to its average volume of 5,240,311. The stock has a market cap of $86.66 billion, a P/E ratio of 14.92, a PEG ratio of 1.95 and a beta of 1.21. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. The firm's fifty day moving average price is $99.02 and its two-hundred day moving average price is $109.43. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.11. The business had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The company's quarterly revenue was down .9% on a year-over-year basis. During the same period last year, the firm earned $1.43 earnings per share. On average, equities analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were given a dividend of $1.64 per share. The ex-dividend date was Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.41%. United Parcel Service's payout ratio is 95.63%.

Analyst Ratings Changes

Several analysts recently commented on UPS shares. Wolfe Research reduced their target price on shares of United Parcel Service from $133.00 to $113.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Barclays decreased their target price on shares of United Parcel Service from $100.00 to $90.00 and set an "underweight" rating on the stock in a research note on Monday, March 31st. JPMorgan Chase & Co. decreased their target price on shares of United Parcel Service from $110.00 to $107.00 and set a "neutral" rating on the stock in a research note on Tuesday. UBS Group decreased their target price on shares of United Parcel Service from $128.00 to $124.00 and set a "buy" rating on the stock in a research note on Wednesday, July 2nd. Finally, Wall Street Zen cut shares of United Parcel Service from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $119.13.

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.