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

LBP AM SA trimmed its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 3.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm 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 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of analysts have recently issued reports on UPS shares. BNP Paribas Exane upgraded United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 target price for the company in a report on Thursday, July 3rd. BMO Capital Markets decreased their price objective on shares of United Parcel Service from $130.00 to $125.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Susquehanna dropped their target price on shares of United Parcel Service from $120.00 to $110.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Wall Street Zen lowered United Parcel Service from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Finally, Hsbc Global Res downgraded United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $119.13.

United Parcel Service Price Performance

NYSE UPS traded down $1.63 on Friday, hitting $101.29. The stock had a trading volume of 4,337,400 shares, compared to its average volume of 5,248,402. The company has a market capitalization of $85.77 billion, a price-to-earnings ratio of 14.77, a price-to-earnings-growth ratio of 1.96 and a beta of 1.21. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a 50-day moving average of $99.32 and a 200-day moving average of $109.23. United Parcel Service, Inc. has a 52-week low of $90.55 and a 52-week high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.38 by $0.11. The company 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 firm's revenue for the quarter was down .9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.43 earnings per share. Equities analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were issued a $1.64 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.48%. United Parcel Service's payout ratio is 95.63%.

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.