Siemens Fonds Invest GmbH Trims Stake in United Parcel Service, Inc. (NYSE:UPS)

Siemens Fonds Invest GmbH cut its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 45.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,906 shares of the transportation company’s stock after selling 16,323 shares during the period. Siemens Fonds Invest GmbH’s holdings in United Parcel Service were worth $2,510,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IMG Wealth Management Inc. purchased a new position in United Parcel Service in the 4th quarter worth about $25,000. Generali Investments Management Co LLC purchased a new stake in United Parcel Service in the fourth quarter worth about $26,000. IFS Advisors LLC boosted its stake in shares of United Parcel Service by 232.3% during the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 151 shares in the last quarter. Runnymede Capital Advisors Inc. purchased a new stake in shares of United Parcel Service during the fourth quarter valued at about $30,000. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of United Parcel Service in the 4th quarter worth $31,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

UPS has been the topic of several recent analyst reports. Bank of America reduced their target price on United Parcel Service from $133.00 to $129.00 and set a “buy” rating on the stock in a research report on Tuesday, March 25th. Galvan Research decreased their target price on United Parcel Service from $147.00 to $133.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. StockNews.com lowered United Parcel Service from a “buy” rating to a “hold” rating in a research report on Wednesday, May 7th. Baird R W lowered shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of United Parcel Service in a report on Friday, March 7th. They issued a “hold” rating and a $119.00 price objective on the stock. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $120.87.

United Parcel Service Price Performance

Shares of United Parcel Service stock opened at $100.26 on Friday. The stock has a market capitalization of $85.64 billion, a P/E ratio of 14.83, a PEG ratio of 1.55 and a beta of 1.23. The business has a 50 day simple moving average of $102.66 and a two-hundred day simple moving average of $117.95. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $150.03. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.38 by $0.11. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The firm had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. During the same period in the prior year, the company earned $1.43 EPS. The firm’s revenue was down .9% compared to the same quarter last year. As a group, analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.54%. The ex-dividend date of this dividend is Monday, May 19th. United Parcel Service’s dividend payout ratio (DPR) is 95.63%.

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.