Cadence Bank Purchases 1,262 Shares of United Parcel Service, Inc. $UPS

Cadence Bank lifted its stake in United Parcel Service, Inc. (NYSE:UPS) by 1.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,071 shares of the transportation company’s stock after acquiring an additional 1,262 shares during the quarter. Cadence Bank’s holdings in United Parcel Service were worth $8,257,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in UPS. Vanguard Group Inc. grew its position in United Parcel Service by 1.5% during the first quarter. Vanguard Group Inc. now owns 66,136,226 shares of the transportation company’s stock valued at $7,274,323,000 after buying an additional 999,832 shares during the period. Charles Schwab Investment Management Inc. grew its position in United Parcel Service by 7.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company’s stock valued at $2,754,751,000 after buying an additional 1,780,807 shares during the period. Goldman Sachs Group Inc. grew its position in United Parcel Service by 124.0% during the first quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company’s stock valued at $991,132,000 after buying an additional 4,988,044 shares during the period. Northern Trust Corp grew its position in United Parcel Service by 0.3% during the first quarter. Northern Trust Corp now owns 7,415,523 shares of the transportation company’s stock valued at $815,633,000 after buying an additional 23,918 shares during the period. Finally, Pacer Advisors Inc. grew its position in United Parcel Service by 1,056.6% during the first quarter. Pacer Advisors Inc. now owns 4,336,175 shares of the transportation company’s stock valued at $476,936,000 after buying an additional 3,961,255 shares during the period. 60.26% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director William R. Johnson purchased 5,000 shares of the business’s stock in a transaction dated Thursday, July 31st. The shares were purchased at an average cost of $86.50 per share, for a total transaction of $432,500.00. Following the completion of the acquisition, the director owned 10,160 shares in the company, valued at approximately $878,840. This trade represents a 96.90% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Carol B. Tome purchased 11,682 shares of the business’s stock in a transaction dated Friday, August 1st. The stock was bought at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the acquisition, the chief executive officer owned 24,718 shares of the company’s stock, valued at approximately $2,117,591.06. The trade was a 89.61% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

UPS has been the subject of several recent research reports. Argus cut their target price on shares of United Parcel Service from $150.00 to $120.00 in a research report on Friday, May 23rd. Bank of America reaffirmed a “neutral” rating and set a $98.00 price target on shares of United Parcel Service in a report on Tuesday, July 29th. Barclays lowered their price target on shares of United Parcel Service from $90.00 to $80.00 and set an “underweight” rating on the stock in a report on Thursday, July 31st. Stifel Canada lowered their price target on shares of United Parcel Service from $145.00 to $124.00 in a report on Wednesday, April 30th. Finally, BNP Paribas raised shares of United Parcel Service to a “hold” rating in a report on Thursday, July 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $112.81.

United Parcel Service Price Performance

UPS stock opened at $88.7140 on Friday. United Parcel Service, Inc. has a one year low of $84.28 and a one year high of $145.01. The company’s fifty day moving average price is $95.89 and its 200-day moving average price is $102.00. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32. The company has a market capitalization of $75.19 billion, a PE ratio of 13.20, a price-to-earnings-growth ratio of 1.58 and a beta of 1.12.

United Parcel Service (NYSE:UPS) last released 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 company had revenue of $21.20 billion during the quarter, compared to analysts’ expectations of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.United Parcel Service’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period last year, the firm posted $1.79 EPS. On average, equities analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Monday, August 18th will be given a dividend of $1.64 per share. The ex-dividend date is Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a yield of 7.4%. United Parcel Service’s payout ratio is 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.