OLD National Bancorp IN Has $943,000 Holdings in United Parcel Service, Inc. (NYSE:UPS)

OLD National Bancorp IN raised its holdings in United Parcel Service, Inc. (NYSE:UPS) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,475 shares of the transportation company’s stock after acquiring an additional 331 shares during the period. OLD National Bancorp IN’s holdings in United Parcel Service were worth $943,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of UPS. Swedbank AB grew its position in shares of United Parcel Service by 6.3% in the 4th quarter. Swedbank AB now owns 298,088 shares of the transportation company’s stock valued at $37,589,000 after purchasing an additional 17,579 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in shares of United Parcel Service by 3.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 64,950 shares of the transportation company’s stock valued at $8,190,000 after buying an additional 1,997 shares during the period. R Squared Ltd bought a new stake in shares of United Parcel Service during the fourth quarter worth $226,000. Accordant Advisory Group Inc raised its holdings in shares of United Parcel Service by 7.0% during the fourth quarter. Accordant Advisory Group Inc now owns 14,463 shares of the transportation company’s stock worth $1,824,000 after acquiring an additional 942 shares during the period. Finally, Mayflower Financial Advisors LLC lifted its position in United Parcel Service by 6.8% in the 4th quarter. Mayflower Financial Advisors LLC now owns 5,383 shares of the transportation company’s stock valued at $679,000 after acquiring an additional 343 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the transaction, the insider now directly owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.13% of the company’s stock.

United Parcel Service Price Performance

Shares of UPS opened at $114.19 on Friday. The firm has a market capitalization of $97.45 billion, a PE ratio of 17.25, a PEG ratio of 1.88 and a beta of 1.00. 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 50-day moving average is $128.72 and its 200-day moving average is $130.61. United Parcel Service, Inc. has a fifty-two week low of $109.62 and a fifty-two week high of $158.95.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. During the same quarter in the prior year, the firm earned $2.47 earnings per share. Equities analysts forecast that United Parcel Service, Inc. will post 7.5 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were given a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 5.71%. The ex-dividend date of this dividend was Monday, November 18th. United Parcel Service’s payout ratio is 98.49%.

Analysts Set New Price Targets

UPS has been the subject of a number of research reports. Wolfe Research upgraded United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 target price for the company in a report on Wednesday, January 8th. Wells Fargo & Company dropped their target price on United Parcel Service from $150.00 to $128.00 and set an “overweight” rating on the stock in a research report on Friday. Argus raised United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Oppenheimer lifted their price objective on shares of United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Finally, StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $141.95.

About United Parcel Service

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.