Flossbach Von Storch SE Invests $465,000 in United Parcel Service, Inc. (NYSE:UPS)

Flossbach Von Storch SE acquired a new stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,225 shares of the transportation company's stock, valued at approximately $465,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in United Parcel Service during the fourth quarter valued at approximately $1,075,393,000. Franklin Resources Inc. lifted its position in shares of United Parcel Service by 15.6% in the 4th quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock valued at $1,384,567,000 after acquiring an additional 1,484,452 shares in the last quarter. Castlekeep Investment Advisors LLC purchased a new stake in shares of United Parcel Service in the 4th quarter valued at approximately $145,846,000. Price T Rowe Associates Inc. MD lifted its position in shares of United Parcel Service by 19.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,463,930 shares of the transportation company's stock valued at $815,102,000 after acquiring an additional 1,064,293 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of United Parcel Service by 316.7% in the 4th quarter. Janus Henderson Group PLC now owns 1,122,886 shares of the transportation company's stock valued at $141,581,000 after acquiring an additional 853,388 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Price Performance

Shares of United Parcel Service stock traded down $1.63 during mid-day trading on Friday, reaching $101.29. 4,337,400 shares of the stock were exchanged, compared to its average volume of 5,255,610. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. The company has a market cap of $85.77 billion, a price-to-earnings ratio of 14.77, a price-to-earnings-growth ratio of 1.98 and a beta of 1.21. United Parcel Service, Inc. has a fifty-two week low of $90.55 and a fifty-two week high of $148.15. The firm has a 50-day simple moving average of $99.42 and a 200 day simple moving average of $109.05.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.11. The firm had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $21.25 billion. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The company's quarterly revenue was down .9% compared to the same quarter last year. During the same quarter last year, the company posted $1.43 EPS. On average, sell-side analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were given a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.48%. The ex-dividend date was Monday, May 19th. United Parcel Service's payout ratio is presently 95.63%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on UPS shares. Truist Financial reduced their price target on shares of United Parcel Service from $140.00 to $130.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. BNP Paribas Exane upgraded shares of United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 price target for the company in a research report on Thursday, July 3rd. Barclays reduced their price target on shares of United Parcel Service from $100.00 to $90.00 and set an "underweight" rating for the company in a research report on Monday, March 31st. Oppenheimer reduced their price target on shares of United Parcel Service from $126.00 to $114.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Finally, Bank of America upped their price objective on shares of United Parcel Service from $111.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $119.13.

About United Parcel Service

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.