OLD Second National Bank of Aurora Acquires 26,805 Shares of United Parcel Service, Inc. $UPS

Key Points

• OLD Second National Bank of Aurora increased its stake in United Parcel Service (UPS) by 6,119.9% in the second quarter, acquiring an additional 26,805 shares, bringing its total to 27,243 shares worth $2.75 million.
• Several institutional investors, including Citizens National Bank Trust Department and Saudi Central Bank, have also increased their positions in UPS, indicating a growing interest among institutional investors.
• UPS reported a quarterly earnings miss with EPS of $1.55, slightly below expectations, and its revenue declined 2.7% compared to the same quarter last year, signaling potential challenges ahead.

OLD Second National Bank of Aurora grew its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 6,119.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,243 shares of the transportation company's stock after acquiring an additional 26,805 shares during the quarter. OLD Second National Bank of Aurora's holdings in United Parcel Service were worth $2,750,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Graybill Wealth Management LTD. acquired a new stake in United Parcel Service during the 1st quarter worth approximately $26,000. Citizens National Bank Trust Department increased its position in shares of United Parcel Service by 525.0% during the first 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 in the last quarter. Hemington Wealth Management raised its holdings in shares of United Parcel Service by 68.9% during the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company's stock worth $31,000 after acquiring an additional 115 shares during the period. Saudi Central Bank bought a new stake in United Parcel Service in the 1st quarter valued at $32,000. Finally, Flaharty Asset Management LLC acquired a new position in United Parcel Service in the 1st quarter worth $33,000. Institutional investors own 60.26% of the company's stock.

Insiders Place Their Bets

In other United Parcel Service news, Director Christiana Smith Shi acquired 500 shares of the company's stock in a transaction on Friday, August 22nd. The shares were purchased at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the completion of the purchase, the director directly owned 500 shares of the company's stock, valued at approximately $44,085. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William R. Johnson acquired 5,000 shares of the business's stock in a transaction dated Thursday, July 31st. The stock was acquired at an average cost of $86.50 per share, with a total value of $432,500.00. Following the completion of the transaction, the director owned 10,160 shares of the company's stock, valued at approximately $878,840. The trade was a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 17,182 shares of company stock valued at $1,477,382 over the last 90 days. 0.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Vertical Research reissued a "hold" rating and issued a $103.00 price target on shares of United Parcel Service in a research note on Wednesday, July 30th. Barclays dropped their target price on United Parcel Service from $90.00 to $80.00 and set an "underweight" rating on the stock in a research report on Thursday, July 31st. BMO Capital Markets restated a "market perform" rating and issued a $96.00 target price (down previously from $125.00) on shares of United Parcel Service in a research note on Friday, September 19th. Bank of America decreased their price target on shares of United Parcel Service from $83.00 to $81.00 and set an "underperform" rating for the company in a research note on Friday, September 26th. Finally, Wall Street Zen lowered shares of United Parcel Service from a "hold" rating to a "sell" rating in a research report on Saturday, September 20th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $110.41.

United Parcel Service Price Performance

NYSE:UPS opened at $85.65 on Friday. The stock has a market capitalization of $72.60 billion, a PE ratio of 12.75, a P/E/G ratio of 1.55 and a beta of 1.10. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $145.01. The firm has a fifty day simple moving average of $86.54 and a 200 day simple moving average of $95.70. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm 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 company posted $1.79 earnings per share. The business's revenue was down 2.7% compared to the same quarter last year. On average, research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were issued a dividend of $1.64 per share. The ex-dividend date was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a yield of 7.7%. United Parcel Service's dividend payout ratio (DPR) is presently 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.

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