United Parcel Service, Inc. $UPS Shares Sold by Lbp Am Sa

Key Points

• Lbp Am Sa significantly reduced its stake in United Parcel Service, Inc. by 89.8%, selling 143,359 shares during the 2nd quarter, leaving them with only 16,264 shares valued at approximately $1.64 million.
• United Parcel Service reported a quarterly EPS of $1.55, slightly missing analyst expectations, while its revenue of $21.20 billion exceeded estimates by $300 million, although it represented a 2.7% year-over-year decline.
• The company announced a quarterly dividend of $1.64, reflecting an annualized yield of 7.7% and a payout ratio of 97.62%, indicating a strong commitment to returning value to shareholders.

Lbp Am Sa trimmed its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 89.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,264 shares of the transportation company's stock after selling 143,359 shares during the period. Lbp Am Sa's holdings in United Parcel Service were worth $1,642,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Graybill Wealth Management LTD. acquired a new position in shares of United Parcel Service in the 1st quarter valued at $26,000. Citizens National Bank Trust Department grew its position 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 worth $27,000 after purchasing an additional 210 shares during the period. Hemington Wealth Management grew its position in United Parcel Service by 68.9% during the 1st 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 period. Saudi Central Bank acquired a new stake in United Parcel Service during the 1st quarter worth about $32,000. Finally, Flaharty Asset Management LLC acquired a new stake in United Parcel Service during the 1st quarter worth about $33,000. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Trading Up 1.5%

UPS stock opened at $85.65 on Friday. The company's 50-day simple moving average is $86.54 and its 200-day simple moving average is $95.70. 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 52-week low of $82.00 and a 52-week high of $145.01. The firm has a market cap of $72.60 billion, a P/E ratio of 12.75, a PEG ratio of 1.55 and a beta of 1.10.

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

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were paid a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 7.7%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service's dividend payout ratio is currently 97.62%.

Insider Activity at United Parcel Service

In other news, CEO Carol B. Tome acquired 11,682 shares of United Parcel Service stock in a transaction that occurred on Friday, August 1st. The stock was purchased at an average cost of $85.67 per share, with a total value of $1,000,796.94. Following the purchase, the chief executive officer owned 24,718 shares in the company, valued at $2,117,591.06. This trade represents a 89.61% increase in their ownership of the stock. The purchase was disclosed in a 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 that occurred on Friday, August 22nd. The stock was purchased at an average cost of $88.17 per share, with a total value of $44,085.00. Following the completion of the purchase, the director owned 500 shares in the company, valued at $44,085. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 17,182 shares of company stock valued at $1,477,382. 0.13% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

UPS has been the topic of several analyst reports. BNP Paribas Exane raised United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 price target on the stock in a research report on Thursday, July 3rd. Wells Fargo & Company cut their price target on United Parcel Service from $98.00 to $91.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 30th. Morgan Stanley cut their price target on United Parcel Service from $80.00 to $75.00 and set an "underweight" rating on the stock in a research report on Wednesday, July 30th. Citigroup cut their price target on United Parcel Service from $127.00 to $114.00 and set a "buy" rating on the stock in a research report on Thursday, July 31st. Finally, Deutsche Bank Aktiengesellschaft cut their price target on United Parcel Service from $100.00 to $88.00 and set a "hold" rating on the stock in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $110.41.

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.

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