Commerzbank Aktiengesellschaft FI Has $9.70 Million Position in United Parcel Service, Inc. $UPS

Commerzbank Aktiengesellschaft FI increased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 27.6% during the second quarter, HoldingsChannel reports. The institutional investor owned 96,048 shares of the transportation company’s stock after buying an additional 20,757 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in United Parcel Service were worth $9,695,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Stiles Financial Services Inc grew its position in United Parcel Service by 8.4% during the second quarter. Stiles Financial Services Inc now owns 13,120 shares of the transportation company’s stock worth $1,324,000 after buying an additional 1,013 shares in the last quarter. Coordinated Financial Services Inc. acquired a new stake in shares of United Parcel Service in the 2nd quarter valued at $321,000. IFP Advisors Inc boosted its holdings in shares of United Parcel Service by 252.5% in the 2nd quarter. IFP Advisors Inc now owns 29,979 shares of the transportation company’s stock valued at $3,026,000 after purchasing an additional 21,475 shares in the last quarter. Callan Family Office LLC boosted its holdings in shares of United Parcel Service by 114.1% in the 2nd quarter. Callan Family Office LLC now owns 13,781 shares of the transportation company’s stock valued at $1,391,000 after purchasing an additional 7,345 shares in the last quarter. Finally, Court Place Advisors LLC boosted its holdings in shares of United Parcel Service by 21.8% in the 2nd quarter. Court Place Advisors LLC now owns 7,406 shares of the transportation company’s stock valued at $748,000 after purchasing an additional 1,326 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Wolfe Research reduced their target price on United Parcel Service from $113.00 to $112.00 and set an “outperform” rating on the stock in a report on Tuesday, July 1st. Evercore ISI reduced their target price on United Parcel Service from $103.00 to $97.00 and set an “in-line” rating on the stock in a report on Wednesday, July 30th. Citigroup reduced their target price on United Parcel Service from $127.00 to $114.00 and set a “buy” rating on the stock in a report on Thursday, July 31st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of United Parcel Service in a report on Wednesday. Finally, BNP Paribas Exane raised United Parcel Service from an “underperform” rating to a “neutral” rating and set a $100.00 target price on the stock in a report on Thursday, July 3rd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, United Parcel Service presently has a consensus rating of “Hold” and an average target price of $109.38.

United Parcel Service Trading Down 1.1%

NYSE UPS opened at $85.28 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $145.01. The company has a market cap of $72.28 billion, a price-to-earnings ratio of 12.69, a price-to-earnings-growth ratio of 1.59 and a beta of 1.10. The business’s fifty day moving average is $85.77 and its 200 day moving average is $94.64.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.01). The firm had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The company’s revenue was down 2.7% compared to the same quarter last year. During the same period last year, the business earned $1.79 EPS. As a group, sell-side analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 7.7%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service’s dividend payout ratio (DPR) is currently 97.62%.

Insider Buying and Selling

In related news, CEO Carol B. Tome bought 11,682 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was acquired at an average cost of $85.67 per share, with a total value of $1,000,796.94. Following the transaction, the chief executive officer directly owned 24,718 shares in the company, valued at approximately $2,117,591.06. This trade represents a 89.61% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William R. Johnson bought 5,000 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were bought at an average cost of $86.50 per share, with a total value of $432,500.00. Following the completion of the transaction, the director owned 10,160 shares in the company, valued at $878,840. The trade was a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 17,182 shares of company stock valued at $1,477,382 in the last three months. Insiders own 0.13% of the company’s stock.

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.