DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Reduces Position in United Parcel Service, Inc. (NYSE:UPS)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main decreased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 50.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 176,157 shares of the transportation company’s stock after selling 181,602 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in United Parcel Service were worth $22,213,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Diligent Investors LLC grew its stake in United Parcel Service by 1.7% during the 4th quarter. Diligent Investors LLC now owns 6,722 shares of the transportation company’s stock valued at $848,000 after purchasing an additional 111 shares during the last quarter. Colonial Trust Co SC lifted its holdings in shares of United Parcel Service by 1.4% during the fourth quarter. Colonial Trust Co SC now owns 7,227 shares of the transportation company’s stock worth $911,000 after purchasing an additional 98 shares during the period. CoreCap Advisors LLC boosted its position in United Parcel Service by 107.7% in the fourth quarter. CoreCap Advisors LLC now owns 9,986 shares of the transportation company’s stock valued at $1,259,000 after buying an additional 5,179 shares during the last quarter. Crestline Management LP increased its holdings in United Parcel Service by 390.7% in the 4th quarter. Crestline Management LP now owns 72,981 shares of the transportation company’s stock worth $9,203,000 after buying an additional 58,107 shares during the period. Finally, Capital Advantage Inc. acquired a new position in United Parcel Service in the 4th quarter worth approximately $313,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Up 3.2 %

Shares of UPS opened at $96.93 on Friday. The stock has a 50 day moving average price of $104.70 and a 200 day moving average price of $119.17. United Parcel Service, Inc. has a one year low of $90.55 and a one year 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 stock has a market capitalization of $82.79 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 1.55 and a beta of 1.23.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.11. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The firm had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. During the same period last year, the firm posted $1.43 earnings per share. The company’s revenue for the quarter was down .9% on a year-over-year basis. Equities research analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be issued a $1.64 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.77%. United Parcel Service’s dividend payout ratio is presently 95.63%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on UPS. Barclays dropped their price objective on shares of United Parcel Service from $100.00 to $90.00 and set an “underweight” rating on the stock in a report on Monday, March 31st. JPMorgan Chase & Co. cut their price target on United Parcel Service from $120.00 to $115.00 and set a “neutral” rating on the stock in a research report on Monday, April 7th. HSBC downgraded United Parcel Service from a “buy” rating to a “hold” rating and set a $105.00 target price on the stock. in a research note on Thursday, May 1st. Stifel Nicolaus reduced their price target on United Parcel Service from $145.00 to $124.00 and set a “buy” rating for the company in a research report on Wednesday, April 30th. Finally, The Goldman Sachs Group lowered their price objective on United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $120.87.

United Parcel Service Company 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.