Flossbach Von Storch SE Acquires Shares of 4,225 United Parcel Service, Inc. (NYSE:UPS)

Flossbach Von Storch SE bought a new stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 4,225 shares of the transportation company's stock, valued at approximately $465,000.

A number of other institutional investors have also made changes to their positions in the business. Brighton Jones LLC increased its position in United Parcel Service by 63.8% during the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company's stock worth $1,529,000 after acquiring an additional 4,723 shares during the period. Proficio Capital Partners LLC acquired a new stake in United Parcel Service during the fourth quarter worth about $219,000. OFI Invest Asset Management acquired a new position in shares of United Parcel Service in the 4th quarter valued at approximately $38,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of United Parcel Service by 4.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 296,880 shares of the transportation company's stock valued at $37,437,000 after buying an additional 11,614 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in shares of United Parcel Service by 7.8% during the 4th quarter. Daiwa Securities Group Inc. now owns 98,355 shares of the transportation company's stock worth $12,403,000 after acquiring an additional 7,093 shares in the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on UPS. JPMorgan Chase & Co. lowered their price objective on shares of United Parcel Service from $110.00 to $107.00 and set a "neutral" rating for the company in a research report on Tuesday. Wells Fargo & Company reissued an "equal weight" rating and set a $98.00 price target (down previously from $120.00) on shares of United Parcel Service in a report on Tuesday, April 22nd. BNP Paribas raised United Parcel Service to a "hold" rating in a research note on Thursday, July 3rd. Susquehanna lowered their target price on 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. Finally, Barclays reduced their price target on shares of United Parcel Service from $100.00 to $90.00 and set an "underweight" rating on the stock in a research note on Monday, March 31st. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $119.13.

United Parcel Service Trading Down 0.0%

NYSE UPS traded down $0.04 during trading hours on Wednesday, hitting $102.34. 4,565,721 shares of the company's stock were exchanged, compared to its average volume of 5,240,310. The firm has a market cap of $86.66 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 1.95 and a beta of 1.21. The stock has a 50-day simple moving average of $99.02 and a 200 day simple moving average of $109.43. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. United Parcel Service, Inc. has a 1-year low of $90.55 and a 1-year high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last released 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. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The company had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. During the same quarter in the previous year, the business posted $1.43 EPS. United Parcel Service's revenue for the quarter was down .9% compared to the same quarter last year. On average, equities analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were issued a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.41%. United Parcel Service's dividend payout ratio is currently 95.63%.

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.