Groupama Asset Management cuts UPS stake by 71%, while analysts mostly hold positive ratings on the stock.

Groupama Asset Management reduced its holdings in United Parcel Service (UPS) by 71.3% in the third quarter, selling 13,037 shares and retaining 5,239 shares valued at $438,000. Other institutional investors made smaller adjustments to their UPS positions. Analysts have generally positive views, with several raising price targets and upgrading ratings, leading to an average 'Hold' consensus and a target price around $113. UPS recently reported better-than-expected earnings but saw a revenue decline compared to last year. The company also declared a quarterly dividend with a 6.8% yield. These developments highlight mixed investor sentiment amid steady operational performance and ongoing market adjustments.