Iowa State Bank Lowers Stock Holdings in United Parcel Service, Inc. $UPS

Iowa State Bank lowered its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 33.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,378 shares of the transportation company’s stock after selling 16,288 shares during the period. Iowa State Bank’s holdings in United Parcel Service were worth $2,705,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Andra AP fonden lifted its stake in United Parcel Service by 95.9% in the second quarter. Andra AP fonden now owns 332,983 shares of the transportation company’s stock worth $33,611,000 after purchasing an additional 163,000 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in shares of United Parcel Service by 14.6% in the 2nd quarter. Avantax Advisory Services Inc. now owns 94,361 shares of the transportation company’s stock valued at $9,525,000 after acquiring an additional 12,035 shares during the last quarter. Equity Investment Corp lifted its stake in shares of United Parcel Service by 16.8% in the 2nd quarter. Equity Investment Corp now owns 1,130,550 shares of the transportation company’s stock valued at $114,118,000 after acquiring an additional 162,364 shares during the last quarter. Cowa LLC boosted its holdings in United Parcel Service by 329.2% during the 2nd quarter. Cowa LLC now owns 8,785 shares of the transportation company’s stock valued at $887,000 after acquiring an additional 6,738 shares during the period. Finally, BLVD Private Wealth LLC bought a new position in United Parcel Service during the 2nd quarter worth approximately $1,479,000. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Trading Down 0.7%

Shares of UPS opened at $100.21 on Tuesday. The firm’s 50-day moving average price is $92.67 and its 200-day moving average price is $92.66. The firm has a market capitalization of $85.02 billion, a price-to-earnings ratio of 15.49, a PEG ratio of 2.41 and a beta of 1.11. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.50. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $136.99.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, October 28th. The transportation company reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.43. United Parcel Service had a net margin of 6.15% and a return on equity of 40.07%. The company had revenue of $21.42 billion during the quarter, compared to the consensus estimate of $20.94 billion. During the same period in the prior year, the firm earned $1.76 earnings per share. United Parcel Service’s revenue was down 3.7% on a year-over-year basis. Sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, November 17th were given a $1.64 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $6.56 annualized dividend and a dividend yield of 6.5%. United Parcel Service’s dividend payout ratio is currently 101.39%.

Analyst Ratings Changes

Several analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price objective on United Parcel Service from $85.00 to $97.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Citigroup increased their price target on shares of United Parcel Service from $112.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Truist Financial boosted their price objective on shares of United Parcel Service from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. UBS Group upped their price objective on shares of United Parcel Service from $110.00 to $113.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on United Parcel Service from $100.00 to $88.00 and set a “hold” rating on the stock in a research note on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $110.00.

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.