United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Iowa State Bank

Iowa State Bank decreased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,949 shares of the transportation company’s stock after selling 699 shares during the quarter. United Parcel Service comprises 1.5% of Iowa State Bank’s holdings, making the stock its 22nd biggest position. Iowa State Bank’s holdings in United Parcel Service were worth $7,433,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cigna Investments Inc. New lifted its position in United Parcel Service by 1.0% during the 3rd quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company’s stock worth $1,024,000 after acquiring an additional 75 shares in the last quarter. Banco Santander S.A. boosted its stake in shares of United Parcel Service by 0.6% in the third quarter. Banco Santander S.A. now owns 12,596 shares of the transportation company’s stock valued at $1,717,000 after purchasing an additional 79 shares during the period. Gleason Group Inc. grew its holdings in United Parcel Service by 1.2% during the 3rd quarter. Gleason Group Inc. now owns 6,576 shares of the transportation company’s stock valued at $897,000 after purchasing an additional 80 shares in the last quarter. Tradewinds LLC. increased its stake in United Parcel Service by 1.8% during the 3rd quarter. Tradewinds LLC. now owns 4,487 shares of the transportation company’s stock worth $612,000 after buying an additional 81 shares during the period. Finally, Horan Capital Advisors LLC. lifted its holdings in United Parcel Service by 0.4% in the 2nd quarter. Horan Capital Advisors LLC. now owns 23,029 shares of the transportation company’s stock worth $3,152,000 after buying an additional 83 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Evercore ISI lifted their target price on United Parcel Service from $138.00 to $141.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. cut their target price on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Barclays restated an “underweight” rating and issued a $120.00 price target on shares of United Parcel Service in a research note on Monday, October 21st. Citigroup dropped their target price on shares of United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Finally, Bank of America increased their price target on shares of United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $151.10.

Insider Activity

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the transaction, the insider now owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.13% of the stock is currently owned by company insiders.

United Parcel Service Price Performance

NYSE:UPS traded up $0.83 during midday trading on Monday, hitting $124.62. 2,624,701 shares of the stock were exchanged, compared to its average volume of 3,015,032. The company has a market capitalization 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 company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. United Parcel Service, Inc. has a one year low of $122.01 and a one year high of $161.48. The business has a 50-day moving average price of $130.45 and a two-hundred day moving average price of $131.57.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share 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 during the quarter, compared to analysts’ expectations of $22.10 billion. During the same quarter last year, the business posted $1.57 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. Sell-side analysts predict that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Dividend Announcement

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

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.