Commerzbank Aktiengesellschaft FI Acquires 24,026 Shares of United Parcel Service, Inc. (NYSE:UPS)

Commerzbank Aktiengesellschaft FI increased its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 46.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,291 shares of the transportation company's stock after purchasing an additional 24,026 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in United Parcel Service were worth $8,281,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UPS. Brighton Jones LLC boosted its holdings 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 buying an additional 4,723 shares during the last quarter. Proficio Capital Partners LLC bought a new position in United Parcel Service during the fourth quarter worth about $219,000. Madison Investment Advisors LLC bought a new position in United Parcel Service during the fourth quarter worth about $9,115,000. Parallel Advisors LLC boosted its holdings in United Parcel Service by 4.7% during the fourth quarter. Parallel Advisors LLC now owns 16,420 shares of the transportation company's stock worth $2,071,000 after buying an additional 743 shares during the last quarter. Finally, Tocqueville Asset Management L.P. boosted its holdings in United Parcel Service by 24.0% during the fourth quarter. Tocqueville Asset Management L.P. now owns 53,864 shares of the transportation company's stock worth $6,792,000 after buying an additional 10,419 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Performance

Shares of UPS stock traded down $0.29 during trading on Friday, reaching $99.21. 4,569,313 shares of the company's stock were exchanged, compared to its average volume of 5,257,507. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $84.01 billion, a PE ratio of 14.46, a PEG ratio of 1.92 and a beta of 1.21. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $148.15. The firm's fifty day moving average price is $99.79 and its 200-day moving average price is $108.33.

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

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were paid a $1.64 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.61%. United Parcel Service's dividend payout ratio (DPR) is presently 95.63%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. BNP Paribas Exane upgraded United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 target price on the stock in a report on Thursday, July 3rd. Wells Fargo & Company reiterated an "equal weight" rating and set a $98.00 price objective (down previously from $120.00) on shares of United Parcel Service in a report on Tuesday, April 22nd. BNP Paribas upgraded United Parcel Service to a "hold" rating in a report on Thursday, July 3rd. Wolfe Research cut 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. Finally, HSBC cut United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price objective on the stock. in a report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, United Parcel Service has an average rating of "Hold" and an average price target of $119.13.

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.