United Parcel Service, Inc. (NYSE:UPS) Holdings Raised by Deutsche Bank AG

Key Points

• Deutsche Bank AG increased its stake in United Parcel Service (UPS) by 17.4%, owning approximately 2.89 million shares valued at $318.39 million.
• UPS recently announced a quarterly dividend of $1.64 per share, providing a 7.6% annualized yield with a payout ratio of 97.62%.
• Despite missing earnings estimates with $1.55 EPS, UPS's revenue for the last quarter was reported at $21.20 billion, exceeding analyst expectations.

Deutsche Bank AG increased its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 17.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,894,755 shares of the transportation company's stock after acquiring an additional 430,013 shares during the quarter. Deutsche Bank AG owned approximately 0.34% of United Parcel Service worth $318,394,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of UPS. Vanguard Group Inc. raised its position in United Parcel Service by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 66,136,226 shares of the transportation company's stock worth $7,274,323,000 after buying an additional 999,832 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of United Parcel Service by 7.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company's stock valued at $2,754,751,000 after acquiring an additional 1,780,807 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of United Parcel Service by 124.0% in the first quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company's stock valued at $991,132,000 after acquiring an additional 4,988,044 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of United Parcel Service by 9.6% in the fourth quarter. Northern Trust Corp now owns 7,391,605 shares of the transportation company's stock valued at $932,081,000 after acquiring an additional 648,539 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of United Parcel Service by 19.7% in the fourth 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. 60.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Wells Fargo & Company lowered their target price on shares of United Parcel Service from $98.00 to $91.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 30th. DA Davidson lowered their target price on shares of United Parcel Service from $154.00 to $150.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Citigroup lowered their price target on shares of United Parcel Service from $127.00 to $114.00 and set a "buy" rating on the stock in a research note on Thursday, July 31st. Bank of America reaffirmed a "neutral" rating and set a $98.00 price target on shares of United Parcel Service in a research note on Tuesday, July 29th. Finally, Wall Street Zen cut shares of United Parcel Service from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, United Parcel Service currently has an average rating of "Hold" and a consensus price target of $112.81.

United Parcel Service Trading Up 0.2%

NYSE:UPS traded up $0.16 during trading hours on Friday, reaching $86.65. 6,275,090 shares of the company were exchanged, compared to its average volume of 8,095,052. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.09. The firm has a market cap of $73.38 billion, a price-to-earnings ratio of 12.89, a PEG ratio of 1.57 and a beta of 1.12. United Parcel Service, Inc. has a 52-week low of $84.28 and a 52-week high of $145.01. The stock has a 50 day simple moving average of $98.23 and a 200 day simple moving average of $104.63.

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

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Monday, August 18th will be issued a $1.64 dividend. The ex-dividend date is Monday, August 18th. This represents a $6.56 annualized dividend and a yield of 7.6%. United Parcel Service's dividend payout ratio (DPR) is presently 97.62%.

Insider Activity at United Parcel Service

In other news, Director William R. Johnson acquired 5,000 shares of the stock in a transaction on Thursday, July 31st. The stock was bought at an average price of $86.50 per share, with a total value of $432,500.00. Following the completion of the transaction, the director directly owned 10,160 shares of the company's stock, valued at $878,840. The trade was a 96.90% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 cost of $85.67 per share, with a total value of $1,000,796.94. Following the transaction, the chief executive officer directly owned 24,718 shares of the company's stock, valued at $2,117,591.06. This represents a 89.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.13% of the company's stock.

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.