United Parcel Service, Inc. (NYSE:UPS) Shares Purchased by OLD Second National Bank of Aurora

OLD Second National Bank of Aurora increased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 7,132 shares of the transportation company’s stock after purchasing an additional 134 shares during the period. OLD Second National Bank of Aurora’s holdings in United Parcel Service were worth $1,060,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Advisory Services Network LLC raised its position in shares of United Parcel Service by 27.9% in the 1st quarter. Advisory Services Network LLC now owns 46,934 shares of the transportation company’s stock valued at $6,976,000 after purchasing an additional 10,235 shares in the last quarter. Advisory Alpha LLC raised its position in shares of United Parcel Service by 1,147.5% in the 1st quarter. Advisory Alpha LLC now owns 19,785 shares of the transportation company’s stock valued at $2,941,000 after purchasing an additional 18,199 shares in the last quarter. Cohen Capital Management Inc. increased its holdings in shares of United Parcel Service by 3.6% in the 1st quarter. Cohen Capital Management Inc. now owns 4,402 shares of the transportation company’s stock valued at $654,000 after acquiring an additional 152 shares during the last quarter. Biechele Royce Advisors increased its holdings in shares of United Parcel Service by 6.7% in the 1st quarter. Biechele Royce Advisors now owns 94,015 shares of the transportation company’s stock valued at $13,974,000 after acquiring an additional 5,895 shares during the last quarter. Finally, SPC Financial Inc. increased its holdings in shares of United Parcel Service by 51.8% in the 1st quarter. SPC Financial Inc. now owns 8,405 shares of the transportation company’s stock valued at $1,249,000 after acquiring an additional 2,868 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Stock Up 2.2 %

UPS stock traded up $2.98 during mid-day trading on Friday, hitting $141.22. The stock had a trading volume of 1,589,157 shares, compared to its average volume of 3,977,811. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11. United Parcel Service, Inc. has a 1-year low of $132.90 and a 1-year high of $192.98. The company has a fifty day moving average of $139.65 and a 200 day moving average of $147.14. The stock has a market capitalization of $120.82 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 1.72 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.10. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The company had revenue of $21.70 billion for the quarter, compared to analyst estimates of $21.84 billion. During the same period in the prior year, the firm posted $2.20 EPS. The business’s revenue was down 5.3% compared to the same quarter last year. On average, equities analysts expect that United Parcel Service, Inc. will post 8.22 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Monday, May 13th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date was Friday, May 10th. United Parcel Service’s dividend payout ratio is 94.49%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Evercore ISI lowered their price target on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a report on Monday, June 24th. HSBC upgraded United Parcel Service from a “hold” rating to a “buy” rating and upped their price objective for the stock from $150.00 to $170.00 in a research note on Thursday, April 25th. Deutsche Bank Aktiengesellschaft decreased their price target on United Parcel Service from $183.00 to $179.00 and set a “buy” rating for the company in a research note on Thursday, March 28th. Wells Fargo & Company began coverage on United Parcel Service in a research note on Friday, June 7th. They issued an “overweight” rating and a $156.00 price target for the company. Finally, Redburn Atlantic raised United Parcel Service from a “neutral” rating to a “buy” rating and set a $180.00 price target for the company in a research note on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, United Parcel Service presently has a consensus rating of “Hold” and a consensus price target of $164.55.

About United Parcel Service

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.