United Parcel Service, Inc. (NYSE:UPS) Shares Sold by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 99.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,158 shares of the transportation company’s stock after selling 352,979 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in United Parcel Service were worth $158,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. TruNorth Capital Management LLC acquired a new stake in United Parcel Service in the 2nd quarter valued at about $28,000. Riverview Trust Co acquired a new stake in shares of United Parcel Service in the second quarter valued at approximately $32,000. Centerpoint Advisors LLC increased its stake 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 purchasing an additional 175 shares in the last quarter. Stephens Consulting LLC increased its stake in shares of United Parcel Service by 869.6% during the 1st quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock worth $33,000 after purchasing an additional 200 shares in the last quarter. Finally, Tortoise Investment Management LLC raised its position in shares of United Parcel Service by 168.5% during the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after purchasing an additional 155 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Down 0.0 %

UPS stock opened at $134.57 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18. The firm has a 50 day simple moving average of $129.39 and a 200-day simple moving average of $136.86. The company has a market capitalization of $115.27 billion, a P/E ratio of 21.95, a PEG ratio of 1.95 and a beta of 0.99. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.20). United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The company had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. During the same period in the prior year, the business earned $2.54 earnings per share. United Parcel Service’s revenue was down 1.1% on a year-over-year basis. On average, equities research analysts predict that United Parcel Service, Inc. will post 7.43 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.85%. The ex-dividend date was Monday, August 19th. United Parcel Service’s dividend payout ratio is presently 106.36%.

Insider Transactions at United Parcel Service

In other news, Director William R. Johnson purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were acquired at an average cost of $128.61 per share, with a total value of $643,050.00. Following the transaction, the director now owns 5,160 shares in the company, valued at approximately $663,627.60. The trade was a 3,100.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

UPS has been the subject of a number of analyst reports. Stifel Nicolaus cut their price target on United Parcel Service from $170.00 to $151.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Bank of America reduced their target price on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Wells Fargo & Company lifted their price target on shares of United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Stephens decreased their target price on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. cut their price target on United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $151.24.

United Parcel Service Company Profile

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.