United Parcel Service, Inc. (NYSE:UPS) Stake Increased by DekaBank Deutsche Girozentrale
DekaBank Deutsche Girozentrale grew its stake in United Parcel Service, Inc. (NYSE:UPS) by 22.4% in the first quarter, Holdings Channel reports. The fund owned 125,007 shares of the transportation company’s stock after acquiring an additional 22,842 shares during the period. DekaBank Deutsche Girozentrale’s holdings in United Parcel Service were worth $15,662,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC bought a new stake in United Parcel Service during the 4th quarter worth approximately $29,000. CX Institutional bought a new stake in United Parcel Service during the 1st quarter worth approximately $29,000. RPG Investment Advisory LLC increased its stake in United Parcel Service by 277.1% during the 1st quarter. RPG Investment Advisory LLC now owns 264 shares of the transportation company’s stock worth $29,000 after purchasing an additional 194 shares in the last quarter. Somerset Trust Co increased its stake in United Parcel Service by 161.0% during the 1st quarter. Somerset Trust Co now owns 274 shares of the transportation company’s stock worth $31,000 after purchasing an additional 169 shares in the last quarter. Finally, Financial Gravity Wealth Inc. bought a new stake in United Parcel Service during the 1st quarter worth approximately $32,000. 55.54% of the stock is owned by institutional investors.
A number of analysts recently issued reports on UPS shares. Argus reissued a “buy” rating on shares of United Parcel Service in a research note on Tuesday, April 30th. Berenberg Bank raised United Parcel Service from a “hold” rating to a “buy” rating and increased their target price for the stock from $125.00 to $130.00 in a research note on Monday, April 1st. UBS Group lowered their target price on United Parcel Service from $118.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, May 31st. Deutsche Bank reissued a “hold” rating on shares of United Parcel Service in a research note on Thursday, May 30th. Finally, Zacks Investment Research raised United Parcel Service from a “sell” rating to a “hold” rating and set a $101.00 target price for the company in a research note on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. United Parcel Service presently has an average rating of “Hold” and an average target price of $119.05.
United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, April 25th. The transportation company reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.03). United Parcel Service had a return on equity of 205.26% and a net margin of 6.34%. The firm had revenue of $17.16 billion for the quarter, compared to analyst estimates of $17.79 billion. During the same period last year, the company earned $1.55 EPS. The company’s revenue was up .3% compared to the same quarter last year. On average, sell-side analysts forecast that United Parcel Service, Inc. will post 7.46 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Monday, May 20th were given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend was Friday, May 17th. United Parcel Service’s dividend payout ratio (DPR) is currently 53.04%.
In other United Parcel Service news, SVP Norman M. Brothers, Jr. sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $106.03, for a total transaction of $159,045.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.17% of the company’s stock.
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United Parcel Service Profile
United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
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