United Parcel Service, Inc. (NYSE:UPS) Position Trimmed by Iowa State Bank

Iowa State Bank reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 58,949 shares of the transportation company’s stock after selling 699 shares during the quarter. United Parcel Service makes up approximately 1.5% of Iowa State Bank’s portfolio, making the stock its 22nd largest position. Iowa State Bank’s holdings in United Parcel Service were worth $7,433,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. TD Asset Management Inc raised its position in United Parcel Service by 8.8% during the second quarter. TD Asset Management Inc now owns 318,617 shares of the transportation company’s stock valued at $43,603,000 after acquiring an additional 25,734 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of United Parcel Service by 1.3% during the 2nd quarter. Victory Capital Management Inc. now owns 704,133 shares of the transportation company’s stock valued at $96,361,000 after purchasing an additional 9,379 shares in the last quarter. New York Life Investment Management LLC lifted its stake in shares of United Parcel Service by 1.7% in the 2nd quarter. New York Life Investment Management LLC now owns 111,246 shares of the transportation company’s stock valued at $15,224,000 after purchasing an additional 1,907 shares during the last quarter. Private Advisor Group LLC boosted its holdings in United Parcel Service by 7.5% in the second quarter. Private Advisor Group LLC now owns 104,402 shares of the transportation company’s stock worth $14,287,000 after purchasing an additional 7,315 shares in the last quarter. Finally, Candriam S.C.A. increased its position in United Parcel Service by 6.5% during the second quarter. Candriam S.C.A. now owns 65,362 shares of the transportation company’s stock worth $8,944,000 after buying an additional 3,989 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the completion of the sale, the insider now owns 45,098 shares in the company, valued at $6,249,229.86. The trade was a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.13% of the company’s stock.

United Parcel Service Price Performance

NYSE UPS traded up $0.83 during trading on Monday, reaching $124.62. 2,624,701 shares of the company traded hands, compared to its average volume of 3,015,032. United Parcel Service, Inc. has a 1-year low of $122.01 and a 1-year high of $161.48. The company has a market cap of $106.35 billion, a price-to-earnings ratio of 18.82, a P/E/G ratio of 2.11 and a beta of 1.00. The stock’s 50 day moving average price is $130.45 and its two-hundred day moving average price is $131.57. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.63 by $0.13. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. During the same quarter in the previous year, the firm earned $1.57 EPS. United Parcel Service’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, analysts anticipate that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were given a $1.63 dividend. The ex-dividend date was Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 5.23%. United Parcel Service’s payout ratio is 98.49%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on UPS shares. UBS Group raised their price objective on United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Citigroup reduced their price objective on shares of United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Bank of America raised their target price on shares of United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. cut their target price on shares of United Parcel Service from $140.00 to $139.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Finally, Argus raised United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $151.10.

United Parcel Service Company 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.