Amundi Pioneer Asset Management Inc. reduced its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 6.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 925,547 shares of the transportation company’s stock after selling 59,964 shares during the quarter. Amundi Pioneer Asset Management Inc. owned 0.11% of United Parcel Service worth $96,868,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in UPS. Focused Wealth Management Inc purchased a new position in shares of United Parcel Service during the 4th quarter valued at approximately $106,000. Massey Quick Simon & CO. LLC boosted its stake in shares of United Parcel Service by 2,857.1% during the 1st quarter. Massey Quick Simon & CO. LLC now owns 1,035 shares of the transportation company’s stock valued at $108,000 after buying an additional 1,000 shares during the last quarter. Wagner Wealth Management LLC purchased a new position in shares of United Parcel Service during the 4th quarter valued at approximately $115,000. Silvant Capital Management LLC purchased a new position in shares of United Parcel Service during the 1st quarter valued at approximately $122,000. Finally, Avestar Capital LLC boosted its stake in shares of United Parcel Service by 84.9% during the 1st quarter. Avestar Capital LLC now owns 1,684 shares of the transportation company’s stock valued at $157,000 after buying an additional 773 shares during the last quarter. Institutional investors own 53.49% of the company’s stock.
UPS has been the topic of several research analyst reports. Loop Capital upgraded United Parcel Service from a “hold” rating to a “buy” rating and raised their price objective for the stock from $105.61 to $128.00 in a research note on Monday, February 26th. BMO Capital Markets reduced their price objective on United Parcel Service to $121.00 and set a “market perform” rating on the stock in a research note on Friday, April 27th. Robert W. Baird restated a “hold” rating and set a $120.00 price objective on shares of United Parcel Service in a research note on Tuesday, April 10th. Zacks Investment Research cut United Parcel Service from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Finally, Bank of America upgraded United Parcel Service from a “neutral” rating to a “buy” rating in a research note on Monday, May 14th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $124.47.
United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, April 26th. The transportation company reported $1.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.01. United Parcel Service had a return on equity of 417.48% and a net margin of 7.53%. The firm had revenue of $17.11 billion for the quarter, compared to analyst estimates of $16.49 billion. During the same period last year, the company earned $1.32 earnings per share. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. sell-side analysts anticipate that United Parcel Service, Inc. will post 7.23 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 6th. Shareholders of record on Monday, May 21st were given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend was Friday, May 18th. United Parcel Service’s dividend payout ratio is presently 60.57%.
In other United Parcel Service news, SVP Norman M. Brothers, Jr. sold 1,500 shares of the stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $113.42, for a total value of $170,130.00. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.56% of the stock is owned by company insiders.
About United Parcel Service
United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
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