Commerzbank Aktiengesellschaft FI Cuts Holdings in United Parcel Service, Inc. $UPS

Commerzbank Aktiengesellschaft FI decreased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 22.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,337 shares of the transportation company’s stock after selling 26,090 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in United Parcel Service were worth $8,887,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in United Parcel Service by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 68,496,420 shares of the transportation company’s stock valued at $6,794,160,000 after purchasing an additional 1,218,432 shares in the last quarter. State Street Corp lifted its position in shares of United Parcel Service by 3.3% during the fourth quarter. State Street Corp now owns 32,092,627 shares of the transportation company’s stock valued at $3,183,268,000 after buying an additional 1,029,377 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of United Parcel Service by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 27,142,759 shares of the transportation company’s stock valued at $2,692,290,000 after buying an additional 856,125 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of United Parcel Service by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 17,154,091 shares of the transportation company’s stock valued at $1,703,291,000 after buying an additional 240,253 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of United Parcel Service by 72.9% in the 4th quarter. Victory Capital Management Inc. now owns 13,818,314 shares of the transportation company’s stock worth $1,370,639,000 after buying an additional 5,826,824 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

UPS has been the topic of several analyst reports. Citizens Jmp initiated coverage on shares of United Parcel Service in a report on Wednesday, July 15th. They issued a “market perform” rating on the stock. Weiss Ratings raised United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, July 10th. Stephens upgraded United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 8th. UBS Group decreased their price target on United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Finally, Wall Street Zen raised United Parcel Service from a “hold” rating to a “buy” rating in a report on Saturday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, United Parcel Service currently has an average rating of “Hold” and an average price target of $111.10.

United Parcel Service Trading Down 3.8%

United Parcel Service stock opened at $113.19 on Tuesday. The stock has a 50-day moving average price of $106.94 and a 200 day moving average price of $106.24. The company has a market capitalization of $96.21 billion, a price-to-earnings ratio of 18.32, a price-to-earnings-growth ratio of 1.87 and a beta of 1.05. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $122.41. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.50.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.05. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The company had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter in the prior year, the company earned $1.49 EPS. United Parcel Service’s quarterly revenue was down 1.4% on a year-over-year basis. Sell-side analysts anticipate that United Parcel Service, Inc. will post 7.1 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, May 18th were issued a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend was Monday, May 18th. United Parcel Service’s dividend payout ratio is 106.15%.

United Parcel Service 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.