Iowa State Bank Has $4.91 Million Stock Holdings in United Parcel Service, Inc. $UPS

Iowa State Bank decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 13.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 48,666 shares of the transportation company’s stock after selling 7,865 shares during the quarter. Iowa State Bank’s holdings in United Parcel Service were worth $4,912,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Graybill Wealth Management LTD. acquired a new stake in shares of United Parcel Service during the first quarter worth approximately $26,000. Citizens National Bank Trust Department grew its position in United Parcel Service by 525.0% during the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock worth $27,000 after acquiring an additional 210 shares during the last quarter. Hemington Wealth Management increased its holdings in United Parcel Service by 68.9% during the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 115 shares in the last quarter. Saudi Central Bank acquired a new stake in United Parcel Service during the 1st quarter valued at $32,000. Finally, Flaharty Asset Management LLC bought a new position in United Parcel Service in the 1st quarter valued at $33,000. 60.26% of the stock is owned by institutional investors.

Insider Transactions at United Parcel Service

In related news, Director William R. Johnson bought 5,000 shares of the business’s stock in a transaction on Thursday, July 31st. The shares were purchased at an average price of $86.50 per share, with a total value of $432,500.00. Following the completion of the purchase, the director owned 10,160 shares of the company’s stock, valued at $878,840. This represents a 96.90% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Carol B. Tome bought 11,682 shares of the firm’s stock in a transaction dated Friday, August 1st. The shares were bought at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the transaction, the chief executive officer directly owned 24,718 shares in the company, valued at approximately $2,117,591.06. This trade represents a 89.61% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 17,182 shares of company stock worth $1,477,382 in the last three months. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on UPS shares. Susquehanna decreased their target price on United Parcel Service from $110.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, July 30th. UBS Group decreased their price objective on shares of United Parcel Service from $118.00 to $110.00 and set a “buy” rating on the stock in a report on Friday. Morgan Stanley dropped their target price on shares of United Parcel Service from $80.00 to $75.00 and set an “underweight” rating for the company in a research note on Wednesday, July 30th. JPMorgan Chase & Co. reduced their target price on shares of United Parcel Service from $110.00 to $107.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 8th. Finally, BNP Paribas Exane raised shares of United Parcel Service from an “underperform” rating to a “neutral” rating and set a $100.00 price target for the company in a report on Thursday, July 3rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $110.16.

United Parcel Service Stock Up 1.4%

Shares of NYSE UPS opened at $86.79 on Monday. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $145.01. The firm’s 50-day moving average is $86.20 and its 200-day moving average is $95.17. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $73.56 billion, a PE ratio of 12.92, a price-to-earnings-growth ratio of 1.60 and a beta of 1.10.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.01). United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The business had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.90 billion. During the same period last year, the firm earned $1.79 earnings per share. The company’s quarterly revenue was down 2.7% on a year-over-year basis. Equities analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were paid a $1.64 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.6%. United Parcel Service’s dividend payout ratio is 97.62%.

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.