United Parcel Service, Inc. (NYSE:UPS) Stake Raised by Morton Community Bank

Morton Community Bank lifted its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 71.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,805 shares of the transportation company's stock after acquiring an additional 10,776 shares during the period. Morton Community Bank's holdings in United Parcel Service were worth $2,838,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pinney & Scofield Inc. acquired a new stake in shares of United Parcel Service during the fourth quarter valued at approximately $27,000. Fourth Dimension Wealth LLC acquired a new position in shares of United Parcel Service during the 4th quarter worth $28,000. Graybill Wealth Management LTD. acquired a new position in United Parcel Service during the first quarter worth $26,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of United Parcel Service in the 4th quarter valued at approximately $31,000. Finally, Citizens National Bank Trust Department lifted its stake in shares of United Parcel Service by 525.0% in the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock worth $27,000 after buying an additional 210 shares during the last quarter. Institutional investors own 60.26% of the company's stock.

Insider Activity

In other news, CEO Carol B. Tome purchased 11,682 shares of the company's stock in a transaction that occurred on Friday, August 1st. The stock was acquired at an average cost of $85.67 per share, with a total value of $1,000,796.94. Following the acquisition, the chief executive officer owned 24,718 shares in the company, valued at approximately $2,117,591.06. This trade represents a 89.61% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William R. Johnson acquired 5,000 shares of the stock in a transaction on Thursday, July 31st. The shares were purchased at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the transaction, the director directly owned 10,160 shares in the company, valued at approximately $878,840. This trade represents a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

UPS has been the subject of a number of research analyst reports. Oppenheimer reduced their price objective on United Parcel Service from $114.00 to $100.00 and set an "outperform" rating for the company in a research report on Wednesday, July 30th. BMO Capital Markets decreased their price objective on United Parcel Service from $130.00 to $125.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Wells Fargo & Company reduced their price target on United Parcel Service from $98.00 to $91.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 30th. Jefferies Financial Group lowered their target price on shares of United Parcel Service from $150.00 to $130.00 in a research note on Wednesday, April 30th. Finally, TD Cowen dropped their price target on United Parcel Service from $117.00 to $107.00 in a research report on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $112.81.

United Parcel Service Stock Performance

NYSE UPS opened at $86.51 on Friday. The firm has a market capitalization of $73.25 billion, a P/E ratio of 12.87, a price-to-earnings-growth ratio of 1.57 and a beta of 1.12. The company has a current ratio of 1.32, a quick ratio of 1.09 and a debt-to-equity ratio of 1.51. The firm's fifty day moving average price is $98.45 and its two-hundred day moving average price is $104.95. United Parcel Service, Inc. has a 1 year low of $84.28 and a 1 year high of $145.01.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its earnings results on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.01). The business had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%. During the same quarter in the prior year, the firm posted $1.79 earnings per share. The business's revenue was down 2.7% compared to the same quarter last year. As a group, research analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Monday, August 18th will be issued a dividend of $1.64 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $6.56 annualized dividend and a dividend yield of 7.6%. United Parcel Service's payout ratio 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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