DekaBank Deutsche Girozentrale Has $36.87 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

DekaBank Deutsche Girozentrale grew its position in United Parcel Service, Inc. (NYSE:UPS) by 0.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 275,038 shares of the transportation company’s stock after purchasing an additional 288 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in United Parcel Service were worth $36,865,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. TruNorth Capital Management LLC acquired a new position in United Parcel Service during the second quarter valued at approximately $28,000. Riverview Trust Co acquired a new position in shares of United Parcel Service during the 2nd quarter worth $32,000. Centerpoint Advisors LLC lifted its position in shares of United Parcel Service by 291.7% during the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after buying an additional 175 shares during the last quarter. Tortoise Investment Management LLC boosted its stake in United Parcel Service by 168.5% in the second quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock valued at $34,000 after buying an additional 155 shares in the last quarter. Finally, PSI Advisors LLC grew its position in United Parcel Service by 408.2% in the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Down 1.5 %

Shares of UPS stock opened at $135.34 on Tuesday. The company has a market cap of $115.93 billion, a P/E ratio of 20.44, a PEG ratio of 2.03 and a beta of 0.99. United Parcel Service, Inc. has a fifty-two week low of $123.12 and a fifty-two week high of $163.82. The stock has a 50 day simple moving average of $131.02 and a two-hundred day simple moving average of $135.81. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.25 and a current ratio of 1.14.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The company had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. During the same quarter in the previous year, the company earned $1.57 EPS. United Parcel Service’s quarterly revenue was up 5.4% compared to the same quarter last year. Research analysts forecast that United Parcel Service, Inc. will post 7.41 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were issued a $1.63 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 annualized dividend and a yield of 4.82%. United Parcel Service’s payout ratio is currently 98.49%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Baird R W upgraded shares of United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 24th. Robert W. Baird decreased their target price on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Evercore ISI increased their price target on United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a research note on Tuesday, October 22nd. UBS Group boosted their price objective on United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday. Finally, JPMorgan Chase & Co. dropped their target price on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating for the company in a research report on Friday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, United Parcel Service presently has a consensus rating of “Moderate Buy” and an average target price of $151.71.

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.