AG2R LA Mondiale Gestion D Actifs Makes New $3.02 Million Investment in United Parcel Service, Inc. $UPS

AG2R LA Mondiale Gestion D Actifs purchased a new position in shares of United Parcel Service, Inc. (NYSE:UPS) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 27,462 shares of the transportation company’s stock, valued at approximately $3,021,000.

A number of other hedge funds also recently bought and sold shares of UPS. Graybill Wealth Management LTD. purchased a new position in United Parcel Service during the first quarter worth approximately $26,000. Pinney & Scofield Inc. purchased a new position in United Parcel Service during the fourth quarter worth approximately $27,000. Citizens National Bank Trust Department boosted its position in United Parcel Service by 525.0% during the first 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 in the last quarter. Fourth Dimension Wealth LLC purchased a new position in United Parcel Service during the fourth quarter worth approximately $28,000. Finally, Hemington Wealth Management boosted its position in United Parcel Service by 68.9% during the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock worth $31,000 after purchasing an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

NYSE:UPS opened at $84.40 on Friday. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $145.01. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a market cap of $71.53 billion, a PE ratio of 12.56, a P/E/G ratio of 1.56 and a beta of 1.08. The stock has a 50 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 EPS for the quarter, missing the consensus estimate 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 company had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.90 billion. During the same period in the prior year, the business posted $1.79 EPS. United Parcel Service’s revenue for the quarter was down 2.7% compared to the same quarter last year. Equities research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

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

Analysts Set New Price Targets

UPS has been the topic of a number of recent analyst reports. Vertical Research reiterated a “hold” rating and set a $103.00 price target on shares of United Parcel Service in a research report on Wednesday, July 30th. Susquehanna reduced their target price on United Parcel Service from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, July 30th. JPMorgan Chase & Co. reduced their target price on United Parcel Service from $110.00 to $107.00 and set a “neutral” rating for the company in a report on Tuesday, July 8th. Wall Street Zen raised United Parcel Service from a “sell” rating to a “hold” rating in a report on Sunday, September 7th. Finally, BNP Paribas raised United Parcel Service to a “hold” rating in a report on Thursday, July 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $112.34.

Insider Activity at United Parcel Service

In other United Parcel Service news, CEO Carol B. Tome bought 11,682 shares of the business’s stock in a transaction on Friday, August 1st. The stock was bought at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the purchase, the chief executive officer directly owned 24,718 shares in the company, valued at $2,117,591.06. The trade was a 89.61% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Christiana Smith Shi bought 500 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were acquired at an average cost of $88.17 per share, with a total value of $44,085.00. Following the purchase, the director owned 500 shares of the company’s stock, valued at $44,085. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 17,182 shares of company stock valued at $1,477,382. 0.13% of the stock is currently owned by insiders.

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.