United Parcel Service, Inc. $UPS Stake Raised by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI raised its holdings in United Parcel Service, Inc. (NYSE:UPS) by 21.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 117,007 shares of the transportation company’s stock after acquiring an additional 20,959 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in United Parcel Service were worth $9,774,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Evelyn Partners Investment Management Europe Ltd boosted its holdings in United Parcel Service by 110.1% during the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock worth $25,000 after buying an additional 131 shares in the last quarter. Mid American Wealth Advisory Group Inc. bought a new position in shares of United Parcel Service in the second quarter valued at $26,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of United Parcel Service during the 2nd quarter valued at $34,000. RMG Wealth Management LLC bought a new stake in shares of United Parcel Service during the 2nd quarter worth $34,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of United Parcel Service during the 2nd quarter worth $34,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Price Performance

NYSE UPS opened at $108.02 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a market capitalization of $91.65 billion, a price-to-earnings ratio of 16.70, a price-to-earnings-growth ratio of 2.33 and a beta of 1.11. The company has a 50 day simple moving average of $100.47 and a 200-day simple moving average of $93.39. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $136.99.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.43. United Parcel Service had a net margin of 6.15% and a return on equity of 40.07%. The firm had revenue of $21.42 billion for the quarter, compared to analyst estimates of $20.94 billion. During the same quarter in the prior year, the business earned $1.76 EPS. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. Equities research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, November 17th were issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 6.1%. The ex-dividend date was Monday, November 17th. United Parcel Service’s dividend payout ratio (DPR) is currently 101.39%.

Analyst Ratings Changes

Several equities research analysts have recently commented on UPS shares. Wolfe Research reaffirmed a “peer perform” rating on shares of United Parcel Service in a report on Thursday, January 8th. Wall Street Zen upgraded United Parcel Service from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. BNP Paribas Exane cut shares of United Parcel Service from a “neutral” rating to an “underperform” rating and set a $85.00 target price for the company. in a report on Tuesday, January 13th. Truist Financial boosted their price target on shares of United Parcel Service from $100.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, Stifel Nicolaus upped their price target on shares of United Parcel Service from $110.00 to $112.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fifteen have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $111.84.

United Parcel Service Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.