1ST Source Bank Decreases Stake in United Parcel Service, Inc. (NYSE:UPS)

1ST Source Bank reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,139 shares of the transportation company’s stock after selling 150 shares during the period. 1ST Source Bank’s holdings in United Parcel Service were worth $912,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in UPS. BKM Wealth Management LLC acquired a new position in shares of United Parcel Service in the fourth quarter valued at about $117,000. Dynamic Advisor Solutions LLC boosted its position in United Parcel Service by 6.0% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 19,811 shares of the transportation company’s stock valued at $3,144,000 after buying an additional 1,116 shares during the last quarter. LexAurum Advisors LLC increased its holdings in United Parcel Service by 12.3% in the 4th quarter. LexAurum Advisors LLC now owns 1,734 shares of the transportation company’s stock worth $273,000 after buying an additional 190 shares during the period. Resource Consulting Group Inc. purchased a new position in United Parcel Service during the 4th quarter worth approximately $205,000. Finally, OneAscent Financial Services LLC boosted its holdings in shares of United Parcel Service by 104.3% in the 4th quarter. OneAscent Financial Services LLC now owns 2,901 shares of the transportation company’s stock valued at $456,000 after acquiring an additional 1,481 shares during the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on UPS. BMO Capital Markets boosted their target price on shares of United Parcel Service from $165.00 to $169.00 and gave the company a “market perform” rating in a research report on Wednesday, April 24th. Evercore ISI decreased their price objective on United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a report on Monday, June 24th. TD Cowen dropped their target price on United Parcel Service from $147.00 to $140.00 and set a “hold” rating on the stock in a report on Thursday, March 28th. Morgan Stanley lifted their price target on 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, Susquehanna upped their price objective on United Parcel Service from $150.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, United Parcel Service has a consensus rating of “Hold” and a consensus price target of $164.55.

United Parcel Service Price Performance

United Parcel Service stock traded up $0.42 during midday trading on Friday, reaching $145.18. The company had a trading volume of 3,073,801 shares, compared to its average volume of 3,811,202. United Parcel Service, Inc. has a 12-month low of $132.90 and a 12-month high of $192.98. The firm’s fifty day simple moving average is $139.40 and its 200-day simple moving average is $146.63. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.10 and a quick ratio of 1.04. The company has a market capitalization of $124.21 billion, a P/E ratio of 21.04, a P/E/G ratio of 1.85 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.10. The business had revenue of $21.70 billion for the quarter, compared to the consensus estimate of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. The business’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.20 earnings per share. As a group, equities analysts anticipate that United Parcel Service, Inc. will post 8.15 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Monday, May 13th were paid a dividend of $1.63 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $6.52 annualized dividend and a yield of 4.49%. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

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.