3,031 Shares in United Parcel Service, Inc. (NYSE:UPS) Purchased by Heartland Bank & Trust Co

Heartland Bank & Trust Co acquired a new position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,031 shares of the transportation company's stock, valued at approximately $333,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UPS. IMG Wealth Management Inc. acquired a new stake in United Parcel Service during the fourth quarter worth about $25,000. Generali Investments Management Co LLC acquired a new stake in United Parcel Service during the fourth quarter worth about $26,000. Pinney & Scofield Inc. acquired a new stake in United Parcel Service during the fourth quarter worth about $27,000. Fourth Dimension Wealth LLC acquired a new stake in United Parcel Service during the fourth quarter worth about $28,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in United Parcel Service during the fourth quarter worth about $30,000. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Trading Up 0.2%

NYSE UPS opened at $99.36 on Monday. United Parcel Service, Inc. has a one year low of $90.55 and a one year high of $148.15. The firm has a 50 day simple moving average of $97.77 and a 200-day simple moving average of $111.42. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market cap of $84.14 billion, a price-to-earnings ratio of 14.48, a PEG ratio of 1.74 and a beta of 1.22.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.11. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The company had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $21.25 billion. During the same quarter in the previous year, the firm earned $1.43 earnings per share. The firm's quarterly revenue was down .9% on a year-over-year basis. Equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were paid a $1.64 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a yield of 6.60%. United Parcel Service's dividend payout ratio is currently 95.63%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Raymond James Financial cut their price objective on shares of United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating for the company in a research report on Wednesday, April 9th. Wolfe Research dropped their price target on shares of United Parcel Service from $133.00 to $113.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Wells Fargo & Company reiterated an "equal weight" rating and set a $98.00 price target (down from $120.00) on shares of United Parcel Service in a research report on Tuesday, April 22nd. Stifel Nicolaus dropped their price target on shares of United Parcel Service from $145.00 to $124.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Finally, UBS Group dropped their price target on shares of United Parcel Service from $141.00 to $127.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $120.26.

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.

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