Iowa State Bank Reduces Position in United Parcel Service, Inc. (NYSE:UPS)

Iowa State Bank reduced its position in United Parcel Service, Inc. (NYSE:UPS) by 25.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,648 shares of the transportation company’s stock after selling 20,681 shares during the quarter. United Parcel Service makes up about 1.7% of Iowa State Bank’s investment portfolio, making the stock its 19th biggest holding. Iowa State Bank’s holdings in United Parcel Service were worth $8,132,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UPS. Maltin Wealth Management Inc. boosted its stake in United Parcel Service by 1.8% in the third quarter. Maltin Wealth Management Inc. now owns 18,952 shares of the transportation company’s stock valued at $2,584,000 after acquiring an additional 342 shares during the period. Successful Portfolios LLC lifted its position in United Parcel Service by 3.0% in the third quarter. Successful Portfolios LLC now owns 2,889 shares of the transportation company’s stock worth $394,000 after purchasing an additional 85 shares during the period. Virginia Wealth Management Group Inc. lifted its position in United Parcel Service by 40.6% in the third quarter. Virginia Wealth Management Group Inc. now owns 19,502 shares of the transportation company’s stock worth $2,659,000 after purchasing an additional 5,634 shares during the period. Independence Bank of Kentucky lifted its position in United Parcel Service by 21.5% in the third quarter. Independence Bank of Kentucky now owns 20,259 shares of the transportation company’s stock worth $2,762,000 after purchasing an additional 3,580 shares during the period. Finally, Clarius Group LLC increased its holdings in shares of United Parcel Service by 4.8% in the third quarter. Clarius Group LLC now owns 3,054 shares of the transportation company’s stock valued at $388,000 after buying an additional 139 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

Insider Buying and Selling at United Parcel Service

In other news, Director William R. Johnson acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was bought at an average price of $128.61 per share, with a total value of $643,050.00. Following the transaction, the director now directly owns 5,160 shares in the company, valued at approximately $663,627.60. The trade was a 3,100.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Bank of America cut their target price on shares of United Parcel Service from $160.00 to $158.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Barclays decreased their price objective on shares of United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. UBS Group decreased their price target on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Baird R W raised shares of United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Finally, Wells Fargo & Company increased their price target on shares of United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, United Parcel Service currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.24.

United Parcel Service Price Performance

Shares of UPS stock opened at $134.60 on Friday. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82. The stock has a market cap of $115.30 billion, a PE ratio of 21.96, a PEG ratio of 1.96 and a beta of 0.99. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. The firm’s 50 day moving average price is $129.21 and its two-hundred day moving average price is $137.08.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.20). The firm had revenue of $21.82 billion during the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter last year, the business posted $2.54 earnings per share. As a group, analysts forecast that United Parcel Service, Inc. will post 7.42 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were paid a $1.63 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 annualized dividend and a yield of 4.84%. United Parcel Service’s payout ratio is currently 106.36%.

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.