OLD National Bancorp IN Decreases Stock Position in United Parcel Service, Inc. (NYSE:UPS)

OLD National Bancorp IN lowered its stake in United Parcel Service, Inc. (NYSE:UPS) by 7.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,297 shares of the transportation company’s stock after selling 805 shares during the quarter. OLD National Bancorp IN’s holdings in United Parcel Service were worth $1,619,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. International Assets Investment Management LLC increased its holdings in shares of United Parcel Service by 15,631.2% in the 4th quarter. International Assets Investment Management LLC now owns 14,502,261 shares of the transportation company’s stock worth $2,280,190,000 after buying an additional 14,410,073 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of United Parcel Service by 31.7% in the 3rd quarter. Wellington Management Group LLP now owns 9,677,202 shares of the transportation company’s stock worth $1,508,385,000 after buying an additional 2,331,875 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of United Parcel Service by 4.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 15,889,570 shares of the transportation company’s stock worth $2,456,055,000 after buying an additional 628,944 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of United Parcel Service by 36.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,026,255 shares of the transportation company’s stock worth $315,832,000 after buying an additional 541,163 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of United Parcel Service by 28.0% in the 3rd quarter. American Century Companies Inc. now owns 2,433,087 shares of the transportation company’s stock worth $379,245,000 after buying an additional 532,934 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on UPS. Morgan Stanley upped their price target on shares of United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a report on Wednesday, March 27th. Stifel Nicolaus cut their price target on shares of United Parcel Service from $178.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. Deutsche Bank Aktiengesellschaft cut their price target on shares of United Parcel Service from $183.00 to $179.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. TheStreet upgraded shares of United Parcel Service from a “c” rating to a “b-” rating in a report on Tuesday, January 30th. Finally, UBS Group upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and upped their price target for the company from $160.00 to $175.00 in a report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service has an average rating of “Hold” and an average target price of $165.61.

Insider Transactions at United Parcel Service

In other United Parcel Service news, Director Eva C. Boratto acquired 1,400 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were purchased at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the completion of the purchase, the director now directly owns 1,400 shares of the company’s stock, valued at $199,220. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.13% of the company’s stock.

United Parcel Service Trading Up 1.9 %

Shares of United Parcel Service stock opened at $145.43 on Tuesday. 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 12-month low of $133.68 and a 12-month high of $197.31. The firm has a market capitalization of $124.00 billion, a price-to-earnings ratio of 18.67, a PEG ratio of 1.66 and a beta of 1.05. The firm’s 50 day simple moving average is $149.44 and its two-hundred day simple moving average is $151.10.

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

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Tuesday, February 20th were paid a $1.63 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.48%. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.62. United Parcel Service’s dividend payout ratio is presently 83.70%.

About United Parcel Service

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.