OLD Second National Bank of Aurora Has $1.10 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

OLD Second National Bank of Aurora lessened its holdings in United Parcel Service, Inc. (NYSE:UPS) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,998 shares of the transportation company’s stock after selling 120 shares during the period. OLD Second National Bank of Aurora’s holdings in United Parcel Service were worth $1,100,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Pacific Center for Financial Services acquired a new stake in shares of United Parcel Service in the 1st quarter valued at $25,000. IMA Wealth Inc. lifted its position in United Parcel Service by 100.0% during the 2nd quarter. IMA Wealth Inc. now owns 142 shares of the transportation company’s stock worth $25,000 after acquiring an additional 71 shares during the last quarter. Worth Asset Management LLC acquired a new position in United Parcel Service during the 1st quarter worth $27,000. Tennessee Valley Asset Management Partners acquired a new position in United Parcel Service during the 4th quarter worth $26,000. Finally, OFI Invest Asset Management bought a new position in shares of United Parcel Service during the 3rd quarter worth about $25,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on UPS shares. Oppenheimer restated an “outperform” rating and set a $153.00 price objective on shares of United Parcel Service in a report on Wednesday, March 27th. Susquehanna reissued a “neutral” rating and issued a $150.00 target price on shares of United Parcel Service in a research note on Wednesday, March 27th. UBS Group raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and upped their target price for the company from $160.00 to $175.00 in a research note on Tuesday, February 6th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of United Parcel Service from $183.00 to $179.00 and set a “buy” rating on the stock in a research note on Thursday, March 28th. Finally, HSBC decreased their price objective on shares of United Parcel Service from $155.00 to $150.00 and set a “hold” rating on the stock in a research note on Thursday, March 28th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $165.61.

United Parcel Service Stock Up 0.2 %

Shares of UPS stock traded up $0.33 during trading hours on Thursday, hitting $142.58. 651,071 shares of the company were exchanged, compared to its average volume of 4,271,368. The business has a 50 day moving average of $149.65 and a two-hundred day moving average of $151.34. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.09. United Parcel Service, Inc. has a 52 week low of $133.68 and a 52 week high of $197.80. The company has a market capitalization of $121.57 billion, a PE ratio of 18.29, a PEG ratio of 1.66 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, January 30th. The transportation company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.46 by $0.01. The company had revenue of $24.92 billion during the quarter, compared to the consensus estimate of $25.40 billion. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. The firm’s revenue was down 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.62 earnings per share. Analysts anticipate that United Parcel Service, Inc. will post 8.2 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Tuesday, February 20th were given a $1.63 dividend. The ex-dividend date was Friday, February 16th. This represents a $6.52 dividend on an annualized basis and a yield of 4.57%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.62. United Parcel Service’s dividend payout ratio (DPR) is 83.70%.

Insider Activity at United Parcel Service

In other United Parcel Service news, Director Eva C. Boratto bought 1,400 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was acquired at an average price of $142.30 per share, with a total value of $199,220.00. Following the completion of the transaction, the director now owns 1,400 shares in the company, valued at $199,220. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is owned by insiders.

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.