DekaBank Deutsche Girozentrale Has $44.15 Million Position in United Parcel Service, Inc. (NYSE:UPS)

DekaBank Deutsche Girozentrale boosted its stake in United Parcel Service, Inc. (NYSE:UPS) by 28.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 301,321 shares of the transportation company’s stock after purchasing an additional 66,995 shares during the period. DekaBank Deutsche Girozentrale’s holdings in United Parcel Service were worth $44,149,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Cullen Investment Group LTD. grew its position in United Parcel Service by 0.7% during the 1st quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company’s stock worth $1,480,000 after acquiring an additional 68 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of United Parcel Service by 2.2% in the first quarter. Versant Capital Management Inc now owns 3,212 shares of the transportation company’s stock valued at $477,000 after buying an additional 70 shares during the period. Moody National Bank Trust Division raised its holdings in United Parcel Service by 0.8% in the 1st quarter. Moody National Bank Trust Division now owns 9,113 shares of the transportation company’s stock valued at $1,354,000 after buying an additional 71 shares during the last quarter. Legacy Wealth Asset Management LLC boosted its position in United Parcel Service by 2.1% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 3,490 shares of the transportation company’s stock worth $519,000 after buying an additional 73 shares during the period. Finally, Cornerstone Wealth Management LLC grew its holdings in United Parcel Service by 0.9% during the 1st quarter. Cornerstone Wealth Management LLC now owns 8,538 shares of the transportation company’s stock worth $1,269,000 after acquiring an additional 73 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. BMO Capital Markets cut their price target on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a report on Wednesday, July 24th. Oppenheimer reduced their price target on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Stephens lowered their price objective on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. UBS Group reduced their target price on United Parcel Service from $175.00 to $159.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Finally, Evercore ISI lowered their price target on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a report on Monday, June 24th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, United Parcel Service currently has an average rating of “Hold” and an average target price of $154.95.

United Parcel Service Stock Down 1.9 %

Shares of United Parcel Service stock traded down $2.52 during trading hours on Friday, reaching $128.06. The company’s stock had a trading volume of 5,098,995 shares, compared to its average volume of 5,758,688. The company has a market capitalization of $109.56 billion, a P/E ratio of 18.56, a P/E/G ratio of 1.80 and a beta of 0.98. The stock’s fifty day simple moving average is $136.28 and its two-hundred day simple moving average is $144.58. United Parcel Service, Inc. has a one year low of $124.80 and a one year high of $184.56. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.04 and a current ratio of 1.25.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results 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). The business had revenue of $21.82 billion during the quarter, compared to the consensus estimate of $22.17 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. United Parcel Service’s revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.54 EPS. On average, research analysts forecast that United Parcel Service, Inc. will post 7.64 earnings per share for the current year.

Insider Buying and Selling

In other news, Director William R. Johnson bought 5,000 shares of the stock in a transaction dated Thursday, July 25th. The stock was bought at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the acquisition, the director now directly owns 5,160 shares in the company, valued at approximately $663,627.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

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.