MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Purchases 37,184 Shares of United Parcel Service, Inc. (NYSE:UPS)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 11.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 354,137 shares of the transportation company’s stock after purchasing an additional 37,184 shares during the quarter. United Parcel Service comprises approximately 1.6% of MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s investment portfolio, making the stock its 26th biggest position. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in United Parcel Service were worth $48,464,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UPS. Wellington Management Group LLP boosted its position in United Parcel Service by 87.6% during the fourth quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock worth $2,854,180,000 after purchasing an additional 8,475,698 shares during the period. Norges Bank bought a new position in United Parcel Service during the fourth quarter worth $1,128,322,000. First Trust Advisors LP boosted its position in United Parcel Service by 208.1% during the fourth quarter. First Trust Advisors LP now owns 1,717,391 shares of the transportation company’s stock worth $270,025,000 after purchasing an additional 1,160,005 shares during the period. Spirepoint Private Client LLC bought a new position in United Parcel Service during the first quarter worth $160,787,000. Finally, Franklin Resources Inc. boosted its position in United Parcel Service by 11.4% during the fourth quarter. Franklin Resources Inc. now owns 9,607,055 shares of the transportation company’s stock worth $1,510,517,000 after purchasing an additional 980,317 shares during the period. 60.26% of the stock is owned by institutional investors.

United Parcel Service Trading Up 1.2 %

UPS stock traded up $1.57 during trading on Friday, hitting $128.55. The company had a trading volume of 4,116,068 shares, compared to its average volume of 4,057,569. The business has a 50-day moving average of $132.47 and a 200-day moving average of $141.30. United Parcel Service, Inc. has a one year low of $123.12 and a one year high of $172.75. The stock has a market cap of $110.11 billion, a PE ratio of 18.63, a PEG ratio of 1.89 and a beta of 0.98. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.18.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.20). The company 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%. The business’s revenue was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.54 earnings per share. 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Monday, August 19th will be issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date is Monday, August 19th. United Parcel Service’s payout ratio is 94.49%.

Insiders Place Their Bets

In other United Parcel Service news, Director William R. Johnson purchased 5,000 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were purchased at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the acquisition, the director now owns 5,160 shares of the company’s stock, valued at $663,627.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on UPS shares. Baird R W raised shares of United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Robert W. Baird reduced their target price on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Susquehanna reduced their target price on shares of United Parcel Service from $160.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. TD Cowen started coverage on shares of United Parcel Service in a research report on Thursday, August 22nd. They issued a “hold” rating and a $144.00 target price for the company. Finally, Wells Fargo & Company reduced their target price on shares of United Parcel Service from $156.00 to $134.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $151.20.

United Parcel Service 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.