AG2R LA Mondiale Gestion D Actifs Makes New Investment in United Parcel Service, Inc. $UPS

AG2R LA Mondiale Gestion D Actifs bought a new position in shares of United Parcel Service, Inc. (NYSE:UPS) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 27,462 shares of the transportation company’s stock, valued at approximately $3,021,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UPS. Gallacher Capital Management LLC acquired a new stake in shares of United Parcel Service in the first quarter valued at $620,000. Garde Capital Inc. acquired a new stake in shares of United Parcel Service in the first quarter valued at $37,000. Golden State Wealth Management LLC grew its stake in shares of United Parcel Service by 61.3% in the first quarter. Golden State Wealth Management LLC now owns 1,576 shares of the transportation company’s stock valued at $173,000 after buying an additional 599 shares in the last quarter. CWA Asset Management Group LLC grew its stake in shares of United Parcel Service by 5.9% in the first quarter. CWA Asset Management Group LLC now owns 3,467 shares of the transportation company’s stock valued at $381,000 after buying an additional 193 shares in the last quarter. Finally, Advisor Resource Council acquired a new stake in shares of United Parcel Service in the first quarter valued at $437,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Insider Buying and Selling at United Parcel Service

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

United Parcel Service Trading Down 0.3%

NYSE:UPS opened at $84.40 on Friday. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $145.01. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51. The firm has a market cap of $71.53 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 1.56 and a beta of 1.08. The stock has a fifty day moving average price of $91.22 and a 200 day moving average price of $98.96.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.90 billion. During the same quarter in the prior year, the business earned $1.79 earnings per share. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. Sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were paid a $1.64 dividend. The ex-dividend date was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a yield of 7.8%. United Parcel Service’s dividend payout ratio (DPR) is currently 97.62%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on UPS. Barclays dropped their price objective on 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. Galvan Research dropped their price objective on 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. Evercore ISI decreased their target price on United Parcel Service from $103.00 to $97.00 and set an “in-line” rating for the company in a report on Wednesday, July 30th. Wells Fargo & Company decreased their target price on United Parcel Service from $98.00 to $91.00 and set an “equal weight” rating for the company in a report on Wednesday, July 30th. Finally, Stifel Nicolaus decreased their target price on United Parcel Service from $124.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, July 30th. One equities research 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $112.34.

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.