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

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 50.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Principal Financial Group Inc. boosted its holdings in shares of 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 purchasing an additional 33,989 shares during the last quarter. Onyx Bridge Wealth Group LLC acquired a new position in United Parcel Service in the fourth quarter valued at $461,000. HF Advisory Group LLC acquired a new position in United Parcel Service in the fourth quarter valued at $1,305,000. Allspring Global Investments Holdings LLC increased its stake in United Parcel Service by 27.2% during 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 during the last quarter. Finally, Global Wealth Management Investment Advisory Inc. raised its holdings in shares of United Parcel Service by 42.5% in the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 34,113 shares of the transportation company's stock worth $4,302,000 after purchasing an additional 10,176 shares during the period. Hedge funds and other institutional investors own 60.26% of the company's stock.

United Parcel Service Stock Performance

NYSE:UPS traded down $1.03 during mid-day trading on Friday, hitting $95.92. The stock had a trading volume of 5,616,665 shares, compared to its average volume of 5,022,491. United Parcel Service, Inc. has a 52 week low of $90.55 and a 52 week high of $153.42. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $81.93 billion, a price-to-earnings ratio of 14.19, a P/E/G ratio of 1.55 and a beta of 1.23. The company has a 50 day simple moving average of $104.28 and a 200-day simple moving average of $118.93.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.11. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The business had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. During the same period in the previous year, the firm posted $1.43 earnings per share. The business's revenue was down .9% on a year-over-year basis. On average, research analysts expect 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 announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be given a $1.64 dividend. The ex-dividend date is Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a yield of 6.84%. United Parcel Service's dividend payout ratio is presently 95.63%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Galvan Research decreased their target price on United Parcel Service from $147.00 to $133.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Susquehanna decreased their target price on shares of United Parcel Service from $120.00 to $110.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Wolfe Research dropped their price objective on United Parcel Service from $133.00 to $113.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Stifel Nicolaus cut their target price on United Parcel Service from $145.00 to $124.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Finally, BMO Capital Markets dropped their price target on shares of United Parcel Service from $130.00 to $125.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price 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.