Renasant Bank Purchases Shares of 9,341 United Parcel Service, Inc. $UPS

Renasant Bank bought a new stake in United Parcel Service, Inc. (NYSE:UPS) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 9,341 shares of the transportation company’s stock, valued at approximately $943,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of United Parcel Service by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 66,136,226 shares of the transportation company’s stock worth $7,274,323,000 after acquiring an additional 999,832 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in United Parcel Service by 7.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company’s stock worth $2,754,751,000 after purchasing an additional 1,780,807 shares during the period. Geode Capital Management LLC boosted its position in United Parcel Service by 4.8% during the second quarter. Geode Capital Management LLC now owns 16,623,834 shares of the transportation company’s stock worth $1,675,733,000 after purchasing an additional 762,407 shares in the last quarter. Goldman Sachs Group Inc. boosted 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 worth $991,132,000 after purchasing an additional 4,988,044 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in United Parcel Service by 0.3% in the first quarter. Northern Trust Corp now owns 7,415,523 shares of the transportation company’s stock valued at $815,633,000 after purchasing an additional 23,918 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Up 2.1%

Shares of NYSE UPS opened at $95.01 on Wednesday. The stock has a market cap of $80.53 billion, a PE ratio of 14.69, a P/E/G ratio of 2.29 and a beta of 1.11. The company has a current ratio of 1.30, a quick ratio of 1.32 and a debt-to-equity ratio of 1.50. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $138.67. The company has a 50-day moving average of $87.24 and a 200 day moving average of $92.87.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, October 28th. The transportation company reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.43. The business had revenue of $21.42 billion for the quarter, compared to analysts’ expectations of $20.94 billion. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.76 EPS. United Parcel Service has set its Q4 2025 guidance at EPS. As a group, sell-side analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Monday, November 17th will be issued a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.9%. The ex-dividend date is Monday, November 17th. United Parcel Service’s dividend payout ratio is presently 101.39%.

Insider Activity

In other news, Director Christiana Smith Shi purchased 500 shares of the stock in a transaction dated Friday, August 22nd. The shares were purchased at an average price of $88.17 per share, with a total value of $44,085.00. Following the transaction, the director owned 500 shares in the company, valued at $44,085. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on UPS shares. BMO Capital Markets reaffirmed a “market perform” rating and set a $96.00 target price (down from $125.00) on shares of United Parcel Service in a research note on Friday, September 19th. Weiss Ratings restated a “sell (d+)” rating on shares of United Parcel Service in a research report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price objective on shares of United Parcel Service from $85.00 to $97.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Vertical Research reiterated a “hold” rating and issued a $103.00 price objective on shares of United Parcel Service in a report on Wednesday, July 30th. Finally, Oppenheimer reduced their target price on United Parcel Service from $114.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $110.00.

United Parcel Service 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.