Munich Reinsurance Co Stock Corp in Munich Acquires 29,566 Shares of United Parcel Service, Inc. $UPS

Munich Reinsurance Co Stock Corp in Munich increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 54.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 83,657 shares of the transportation company’s stock after acquiring an additional 29,566 shares during the quarter. Munich Reinsurance Co Stock Corp in Munich’s holdings in United Parcel Service were worth $8,230,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in UPS. Brighton Jones LLC increased its position in United Parcel Service by 63.8% in the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock worth $1,529,000 after buying an additional 4,723 shares during the period. Sivia Capital Partners LLC bought a new stake in shares of United Parcel Service in the second quarter valued at approximately $277,000. SVB Wealth LLC bought a new stake in shares of United Parcel Service in the second quarter valued at approximately $848,000. Treasurer of the State of North Carolina grew its stake in shares of United Parcel Service by 2.7% in the second quarter. Treasurer of the State of North Carolina now owns 342,866 shares of the transportation company’s stock worth $34,609,000 after acquiring an additional 9,124 shares during the last quarter. Finally, Ieq Capital LLC grew its stake in shares of United Parcel Service by 154.5% in the second quarter. Ieq Capital LLC now owns 104,819 shares of the transportation company’s stock worth $10,580,000 after acquiring an additional 63,629 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Down 1.8%

NYSE UPS opened at $110.00 on Thursday. The stock’s 50 day moving average is $105.09 and its two-hundred day moving average is $105.48. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $122.41. The company has a market capitalization of $93.50 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 1.78 and a beta of 1.05. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.50.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. The firm had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.99 billion. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.49 earnings per share. Equities analysts forecast that United Parcel Service, Inc. will post 7.11 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, May 18th were paid a $1.64 dividend. The ex-dividend date was Monday, May 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.0%. United Parcel Service’s dividend payout ratio (DPR) is 106.15%.

Wall Street Analysts Forecast Growth

UPS has been the topic of a number of research reports. Weiss Ratings lowered shares of United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Susquehanna raised their price target on shares of United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Evercore dropped their price objective on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a report on Wednesday, April 22nd. Citigroup upped their price objective on shares of United Parcel Service from $118.00 to $127.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, UBS Group reduced their target price on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Hold” and a consensus price target of $110.85.

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.