OLD Second National Bank of Aurora Boosts Holdings in United Parcel Service, Inc. (NYSE:UPS)

OLD Second National Bank of Aurora increased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 1.2% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,177 shares of the transportation company’s stock after purchasing an additional 83 shares during the period. OLD Second National Bank of Aurora’s holdings in United Parcel Service were worth $979,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in UPS. Empower Advisory Group LLC lifted its position in United Parcel Service by 13.6% in the third quarter. Empower Advisory Group LLC now owns 804,971 shares of the transportation company’s stock valued at $109,750,000 after purchasing an additional 96,325 shares during the last quarter. Paulson Wealth Management Inc. raised its position in shares of United Parcel Service by 3.1% in the 3rd quarter. Paulson Wealth Management Inc. now owns 2,880 shares of the transportation company’s stock worth $393,000 after acquiring an additional 87 shares in the last quarter. American Assets Investment Management LLC boosted its holdings in shares of United Parcel Service by 50.0% during the 3rd quarter. American Assets Investment Management LLC now owns 15,000 shares of the transportation company’s stock valued at $2,045,000 after buying an additional 5,000 shares in the last quarter. Aptus Capital Advisors LLC lifted its holdings in shares of United Parcel Service by 6.5% during the third quarter. Aptus Capital Advisors LLC now owns 10,129 shares of the transportation company’s stock valued at $1,381,000 after purchasing an additional 620 shares during the last quarter. Finally, Commonwealth Retirement Investments LLC boosted its holdings in United Parcel Service by 4.2% in the third quarter. Commonwealth Retirement Investments LLC now owns 30,841 shares of the transportation company’s stock worth $4,205,000 after acquiring an additional 1,256 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

UPS has been the topic of a number of recent analyst reports. Bank of America increased their price target on shares of United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Robert W. Baird reduced their price target on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. JPMorgan Chase & Co. reduced their target price on shares of United Parcel Service from $140.00 to $139.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Stifel Nicolaus upped their price objective on United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company boosted their price objective on United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, United Parcel Service presently has an average rating of “Moderate Buy” and an average target price of $151.52.

United Parcel Service Stock Up 0.3 %

NYSE:UPS opened at $130.50 on Wednesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. The company’s fifty day moving average price is $132.17 and its 200-day moving average price is $134.88. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82. The firm has a market capitalization of $111.78 billion, a P/E ratio of 19.66, a PEG ratio of 2.16 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) 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 in the previous year, the firm posted $1.57 EPS. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, equities research analysts anticipate that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be paid a $1.63 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $6.52 annualized dividend and a dividend yield of 5.00%. United Parcel Service’s dividend payout ratio is presently 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.