DekaBank Deutsche Girozentrale Purchases 26,283 Shares of United Parcel Service, Inc. (NYSE:UPS)

DekaBank Deutsche Girozentrale boosted its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 9.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 301,321 shares of the transportation company's stock after buying an additional 26,283 shares during the period. DekaBank Deutsche Girozentrale's holdings in United Parcel Service were worth $32,909,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UPS. Garde Capital Inc. acquired a new position in shares of United Parcel Service during the first quarter valued at approximately $37,000. Golden State Wealth Management LLC boosted its stake in United Parcel Service by 61.3% during the 1st quarter. Golden State Wealth Management LLC now owns 1,576 shares of the transportation company's stock valued at $173,000 after purchasing an additional 599 shares in the last quarter. CWA Asset Management Group LLC increased its position in shares of United Parcel Service by 5.9% during the 1st quarter. CWA Asset Management Group LLC now owns 3,467 shares of the transportation company's stock valued at $381,000 after purchasing an additional 193 shares during the period. Advisor Resource Council bought a new stake in shares of United Parcel Service in the 1st quarter worth $437,000. Finally, Clark Capital Management Group Inc. lifted its holdings in shares of United Parcel Service by 14.4% in the fourth quarter. Clark Capital Management Group Inc. now owns 11,427 shares of the transportation company's stock valued at $1,441,000 after buying an additional 1,440 shares during the period. Institutional investors own 60.26% of the company's stock.

United Parcel Service Stock Down 1.6%

NYSE:UPS traded down $1.63 on Friday, hitting $101.29. 4,337,400 shares of the company's stock traded hands, compared to its average volume of 5,255,610. The company has a market cap of $85.77 billion, a PE 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 1 year low of $90.55 and a 1 year high of $148.15. 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 firm has a 50-day moving average price of $99.42 and a 200-day moving average price of $109.05.

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

United Parcel Service Announces Dividend

The business also recently declared 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. This represents a $6.56 annualized dividend and a dividend yield of 6.48%. The ex-dividend date was Monday, May 19th. United Parcel Service's dividend payout ratio is currently 95.63%.

Analyst Upgrades and Downgrades

UPS has been the topic of a number of research analyst reports. BMO Capital Markets lowered their target price on United Parcel Service from $130.00 to $125.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Barclays reduced their price objective 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. Wolfe Research dropped their target price on shares of United Parcel Service from $133.00 to $113.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Susquehanna reduced their target price on shares of United Parcel Service from $120.00 to $110.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. dropped their price target on United Parcel Service from $110.00 to $107.00 and set a "neutral" rating on the stock in a report on Tuesday. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently 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.