Groupama Asset Managment Lowers Stake in United Parcel Service, Inc. (NYSE:UPS)

Groupama Asset Managment cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 67.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,455 shares of the transportation company's stock after selling 13,240 shares during the quarter. Groupama Asset Managment's holdings in United Parcel Service were worth $809,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UPS. Principal Financial Group Inc. grew its position in United Parcel Service by 4.3% in the 3rd quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company's stock valued at $113,064,000 after acquiring an additional 33,989 shares in the last quarter. Onyx Bridge Wealth Group LLC acquired a new position in shares of United Parcel Service in the fourth quarter valued at approximately $461,000. Synovus Financial Corp increased its stake in United Parcel Service by 8.6% during the 3rd quarter. Synovus Financial Corp now owns 87,531 shares of the transportation company's stock worth $11,934,000 after buying an additional 6,941 shares during the period. HF Advisory Group LLC purchased a new position in United Parcel Service in the 4th quarter valued at approximately $1,305,000. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of United Parcel Service by 27.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company's stock worth $16,304,000 after acquiring an additional 28,108 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on UPS shares. Bank of America decreased their price target on shares of United Parcel Service from $133.00 to $129.00 and set a "buy" rating for the company in a research note on Tuesday, March 25th. JPMorgan Chase & Co. dropped their target price on United Parcel Service from $135.00 to $120.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Evercore ISI lifted their price target on United Parcel Service from $141.00 to $147.00 and gave the stock an "in-line" rating in a report on Wednesday, January 22nd. UBS Group dropped their price objective on United Parcel Service from $141.00 to $127.00 and set a "buy" rating on the stock in a report on Thursday. Finally, The Goldman Sachs Group decreased their target price on United Parcel Service from $166.00 to $147.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service presently has an average rating of "Moderate Buy" and an average price target of $133.18.

United Parcel Service Price Performance

UPS stock traded down $2.50 during trading on Friday, reaching $97.62. 9,564,186 shares of the company were exchanged, compared to its average volume of 4,720,954. United Parcel Service, Inc. has a 52-week low of $96.57 and a 52-week high of $153.42. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The company has a market cap of $83.39 billion, a P/E ratio of 14.44, a PEG ratio of 1.55 and a beta of 0.94. The stock's 50 day moving average price is $115.82 and its 200 day moving average price is $125.60.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same period in the prior year, the company posted $2.47 earnings per share. As a group, analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were issued a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 6.72%. The ex-dividend date of this dividend was Tuesday, February 18th. This is an increase from United Parcel Service's previous quarterly dividend of $1.63. United Parcel Service's dividend payout ratio is 97.04%.

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.