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

OLD National Bancorp IN lessened its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 7.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of UPS. International Assets Investment Management LLC lifted its position in shares of United Parcel Service by 15,631.2% during 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 lifted its position in shares of United Parcel Service by 31.7% during 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. lifted its position in shares of United Parcel Service by 4.1% during 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. lifted its position in shares of United Parcel Service by 36.4% during 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. lifted its position in shares of United Parcel Service by 28.0% during 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.

Analyst Upgrades and Downgrades

Several research firms recently commented on UPS. Robert W. Baird upgraded shares of United Parcel Service from a “neutral” rating to an “outperform” rating and upped their price target for the company from $165.00 to $170.00 in a research report on Friday, February 16th. Evercore ISI reiterated an “in-line” rating and issued a $154.00 price target on shares of United Parcel Service in a research report on Wednesday, March 27th. Argus downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. 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 research report on Wednesday, March 27th. Finally, TheStreet upgraded shares of United Parcel Service from a “c” rating to a “b-” rating in a report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $165.61.

United Parcel Service Price Performance

UPS opened at $145.43 on Tuesday. The stock has a market capitalization of $124.00 billion, a PE ratio of 18.67, a P/E/G ratio of 1.66 and a beta of 1.05. The company’s 50 day simple moving average is $149.44 and its 200 day simple moving average is $151.10. United Parcel Service, Inc. has a 1 year low of $133.68 and a 1 year high of $197.31. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.10 and a current ratio of 1.10.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, January 30th. The transportation company reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.46 by $0.01. The company 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% on a year-over-year basis. During the same quarter last year, the firm posted $3.62 earnings per share. As a group, sell-side analysts expect that United Parcel Service, Inc. will post 8.2 EPS for the current year.

United Parcel Service Increases Dividend

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

Insider Buying and Selling

In related news, Director Eva C. Boratto purchased 1,400 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was acquired 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 owns 1,400 shares in the company, valued at $199,220. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.13% of the company’s stock.

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.