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

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its stake in United Parcel Service, Inc. (NYSE:UPSGet Rating) by 145.2% in the first quarter, HoldingsChannel.com reports. The fund owned 31,609 shares of the transportation company’s stock after buying an additional 18,719 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in United Parcel Service were worth $6,863,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of UPS. Rational Advisors LLC boosted its stake in United Parcel Service by 126.4% in the fourth quarter. Rational Advisors LLC now owns 120 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 67 shares during the period. DB Fitzpatrick & Co Inc acquired a new position in United Parcel Service in the fourth quarter valued at approximately $28,000. Curi Wealth Management LLC acquired a new position in United Parcel Service in the fourth quarter valued at approximately $28,000. Steward Financial Group LLC acquired a new position in United Parcel Service in the fourth quarter valued at approximately $32,000. Finally, Bivin & Associates Inc. acquired a new position in shares of United Parcel Service during the fourth quarter worth approximately $32,000. Institutional investors own 57.85% of the company’s stock.

Shares of UPS opened at $176.15 on Thursday. The company has a 50-day simple moving average of $180.16 and a 200-day simple moving average of $199.62. The firm has a market capitalization of $153.91 billion, a P/E ratio of 14.38, a P/E/G ratio of 1.52 and a beta of 1.16. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.52 and a current ratio of 1.52. United Parcel Service, Inc. has a 52 week low of $165.34 and a 52 week high of $233.72.

United Parcel Service (NYSE:UPSGet Rating) last announced its quarterly earnings data on Tuesday, April 26th. The transportation company reported $3.05 EPS for the quarter, beating analysts’ consensus estimates of $2.87 by $0.18. The business had revenue of $24.40 billion during the quarter, compared to analyst estimates of $23.80 billion. United Parcel Service had a net margin of 10.90% and a return on equity of 82.94%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.77 earnings per share. As a group, equities analysts forecast that United Parcel Service, Inc. will post 12.83 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 2nd. Investors of record on Monday, May 16th were given a $1.52 dividend. This represents a $6.08 annualized dividend and a yield of 3.45%. The ex-dividend date was Friday, May 13th. United Parcel Service’s dividend payout ratio (DPR) is presently 49.63%.

Several brokerages have recently issued reports on UPS. StockNews.com began coverage on United Parcel Service in a research report on Thursday, March 31st. They set a “buy” rating for the company. The Goldman Sachs Group reduced their price objective on United Parcel Service from $239.00 to $215.00 and set a “buy” rating for the company in a research report on Tuesday, June 7th. Susquehanna Bancshares reduced their price objective on United Parcel Service from $218.00 to $195.00 and set a “neutral” rating for the company in a research report on Wednesday, April 27th. BMO Capital Markets reduced their price objective on United Parcel Service from $225.00 to $200.00 and set a “market perform” rating for the company in a research report on Wednesday, April 27th. Finally, Oppenheimer reduced their price objective on United Parcel Service from $249.00 to $217.00 in a research report on Wednesday, April 27th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $223.69.

About United Parcel Service (Get Rating)

United Parcel Service, Inc provides letter and package delivery, transportation, logistics, and related services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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