United Parcel Service, Inc. $UPS Shares Sold by Deutsche Bank AG

Deutsche Bank AG reduced its stake in United Parcel Service, Inc. (NYSE:UPS) by 8.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,702,474 shares of the transportation company’s stock after selling 258,681 shares during the quarter. Deutsche Bank AG’s holdings in United Parcel Service were worth $268,058,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Coston McIsaac & Partners lifted its holdings in shares of United Parcel Service by 77.8% in the 4th quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock worth $27,000 after acquiring an additional 119 shares during the last quarter. Torren Management LLC acquired a new stake in United Parcel Service during the 4th quarter worth approximately $29,000. Elyxium Wealth LLC acquired a new stake in United Parcel Service during the 4th quarter worth approximately $40,000. Activest Wealth Management lifted its holdings in United Parcel Service by 144.3% during the 4th quarter. Activest Wealth Management now owns 408 shares of the transportation company’s stock worth $40,000 after buying an additional 241 shares in the last quarter. Finally, Optima Capital LLC acquired a new stake in United Parcel Service during the 4th quarter worth approximately $44,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Trading Down 4.2%

Shares of NYSE:UPS opened at $103.33 on Thursday. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $122.41. The company’s 50 day moving average is $102.82 and its two-hundred day moving average is $103.93. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.50. The company has a market cap of $87.83 billion, a PE ratio of 16.72, a P/E/G ratio of 1.72 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. The company had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.99 billion. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.49 EPS. Equities analysts predict that United Parcel Service, Inc. will post 7.1 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, May 18th were issued a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $6.56 annualized dividend and a dividend yield of 6.3%. United Parcel Service’s dividend payout ratio (DPR) is presently 106.15%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. UBS Group reduced their target price on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Susquehanna increased their target price on shares of United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Evercore reduced their target price on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a report on Wednesday, April 22nd. Citigroup increased their target price on shares of United Parcel Service from $118.00 to $127.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, Weiss Ratings lowered shares of United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, United Parcel Service presently has a consensus rating of “Hold” and an average target price of $111.50.

United Parcel Service Company Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.