DekaBank Deutsche Girozentrale Trims Position in United Parcel Service, Inc. $UPS

Key Points

• DekaBank Deutsche Girozentrale reduced its stake in United Parcel Service, Inc. by 8.7%, owning 275,038 shares after selling 26,283 shares in the second quarter.
• UPS reported $1.55 earnings per share for the last quarter, missing analysts' expectations and showing a 2.7% decrease in revenue compared to the previous year.
• Recently, UPS's CEO, Carol B. Tome, purchased 11,682 shares at an average price of $85.67, significantly increasing her stake in the company.

DekaBank Deutsche Girozentrale lessened its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 8.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 275,038 shares of the transportation company's stock after selling 26,283 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in United Parcel Service were worth $28,003,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in UPS. Graybill Wealth Management LTD. purchased a new position in United Parcel Service during the 1st quarter valued at about $26,000. Citizens National Bank Trust Department grew its holdings in shares of United Parcel Service by 525.0% during the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock worth $27,000 after purchasing an additional 210 shares in the last quarter. Hemington Wealth Management grew its holdings in shares of United Parcel Service by 68.9% during the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company's stock worth $31,000 after purchasing an additional 115 shares in the last quarter. Saudi Central Bank purchased a new position in shares of United Parcel Service during the first quarter worth about $32,000. Finally, Flaharty Asset Management LLC purchased a new position in shares of United Parcel Service during the first quarter worth about $33,000. Hedge funds and other institutional investors own 60.26% of the company's stock.

United Parcel Service Stock Performance

NYSE:UPS opened at $86.93 on Thursday. The business has a 50 day moving average of $85.58 and a 200 day moving average of $93.26. The company has a market capitalization of $73.68 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 1.63 and a beta of 1.10. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $145.01. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32.

United Parcel Service (NYSE:UPS - Get Free Report) last released its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing analysts' consensus estimates of $1.56 by ($0.01). The firm had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The business's quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.79 EPS. On average, sell-side analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were given a $1.64 dividend. The ex-dividend date was Monday, August 18th. This represents a $6.56 annualized dividend and a yield of 7.5%. United Parcel Service's payout ratio is presently 97.62%.

Insider Buying and Selling at United Parcel Service

In related news, CEO Carol B. Tome acquired 11,682 shares of the stock in a transaction on Friday, August 1st. The stock was purchased at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the transaction, the chief executive officer owned 24,718 shares of the company's stock, valued at $2,117,591.06. This trade represents a 89.61% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Christiana Smith Shi acquired 500 shares of the stock in a transaction on Friday, August 22nd. The stock was bought at an average price of $88.17 per share, with a total value of $44,085.00. Following the transaction, the director directly owned 500 shares of the company's stock, valued at approximately $44,085. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 17,182 shares of company stock worth $1,477,382. 0.13% of the stock is currently owned by insiders.

Analyst Ratings Changes

UPS has been the subject of several recent analyst reports. Wall Street Zen lowered United Parcel Service from a "hold" rating to a "sell" rating in a report on Saturday, September 20th. Weiss Ratings reissued a "sell (d+)" rating on shares of United Parcel Service in a report on Wednesday, October 8th. Stifel Nicolaus cut their price objective on United Parcel Service from $124.00 to $120.00 and set a "buy" rating for the company in a report on Wednesday, July 30th. Evercore ISI cut their price objective on United Parcel Service from $103.00 to $97.00 and set an "in-line" rating for the company in a report on Wednesday, July 30th. Finally, Wells Fargo & Company cut their price objective on United Parcel Service from $98.00 to $91.00 and set an "equal weight" rating for the company in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $109.31.

United Parcel Service 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.

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