DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Cuts Position in United Parcel Service, Inc. (NYSE:UPS)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 50.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 176,157 shares of the transportation company’s stock after selling 181,602 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in United Parcel Service were worth $22,213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of UPS. IMG Wealth Management Inc. bought a new stake in shares of United Parcel Service in the 4th quarter worth about $25,000. Generali Investments Management Co LLC bought a new stake in United Parcel Service during the fourth quarter worth approximately $26,000. IFS Advisors LLC raised its position in 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 during the period. Runnymede Capital Advisors Inc. bought a new stake in shares of United Parcel Service in the 4th quarter valued at approximately $30,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of United Parcel Service in the 4th quarter worth approximately $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 research reports. Deutsche Bank Aktiengesellschaft began coverage on United Parcel Service in a report on Friday, March 7th. They set a “hold” rating and a $119.00 price target on the stock. UBS Group lowered their target price on shares of United Parcel Service from $141.00 to $127.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. Raymond James cut their price target on shares of United Parcel Service from $145.00 to $130.00 and set a “strong-buy” rating on the stock in a report on Wednesday, April 9th. Truist Financial decreased their price objective on shares of United Parcel Service from $140.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Finally, Susquehanna cut their target price on United Parcel Service from $120.00 to $110.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $120.87.

United Parcel Service Trading Up 3.2 %

Shares of NYSE UPS opened at $96.93 on Friday. United Parcel Service, Inc. has a 1-year low of $90.55 and a 1-year high of $153.42. The business has a fifty day moving average price of $104.70 and a 200 day moving average price of $119.17. The stock has a market capitalization of $82.79 billion, a P/E ratio of 14.34, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. 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 released its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.11. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The business had revenue of $21.50 billion for the quarter, compared to analysts’ expectations of $21.25 billion. During the same period last year, the business earned $1.43 EPS. The company’s revenue was down .9% compared to the same quarter last year. Equities research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be given a $1.64 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.77%. United Parcel Service’s payout ratio 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.