Groupama Asset Managment Has $438,000 Stock Position in United Parcel Service, Inc. $UPS

Groupama Asset Managment reduced its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 71.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,239 shares of the transportation company’s stock after selling 13,037 shares during the quarter. Groupama Asset Managment’s holdings in United Parcel Service were worth $438,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Brighton Jones LLC lifted its holdings in shares of United Parcel Service by 63.8% in the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock worth $1,529,000 after acquiring an additional 4,723 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of United Parcel Service during the 2nd quarter valued at approximately $277,000. SVB Wealth LLC bought a new stake in shares of United Parcel Service during the 2nd quarter valued at approximately $848,000. TD Waterhouse Canada Inc. increased its position in United Parcel Service by 7.9% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 29,232 shares of the transportation company’s stock worth $3,070,000 after purchasing an additional 2,141 shares in the last quarter. Finally, Prudential PLC increased its position in United Parcel Service by 32.5% during the 2nd quarter. Prudential PLC now owns 13,928 shares of the transportation company’s stock worth $1,406,000 after purchasing an additional 3,414 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 25,014 shares of United Parcel Service stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total transaction of $2,655,236.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.13% of the company’s stock.

United Parcel Service Trading Down 0.6%

UPS opened at $95.94 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.22 and a quick ratio of 1.22. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $122.41. The company’s 50 day moving average price is $109.19 and its two-hundred day moving average price is $98.30. The firm has a market capitalization of $81.46 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 1.51 and a beta of 1.08.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.18. The firm had revenue of $24.48 billion during the quarter, compared to the consensus estimate of $23.91 billion. United Parcel Service had a net margin of 6.28% and a return on equity of 38.30%. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.75 earnings per share. As a group, research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Tuesday, February 17th were given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend was Tuesday, February 17th. United Parcel Service’s dividend payout ratio (DPR) is currently 100.00%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Weiss Ratings raised shares of United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, February 6th. Jefferies Financial Group boosted their target price on shares of United Parcel Service from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Stifel Nicolaus upped their price target on shares of United Parcel Service from $112.00 to $116.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. TD Cowen increased their price target on United Parcel Service from $101.00 to $115.00 and gave the company a “hold” rating in a research note on Wednesday, January 28th. Finally, JPMorgan Chase & Co. raised their price objective on United Parcel Service from $99.00 to $107.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $113.67.

About United Parcel Service

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.