Cadence Bank Buys 36,595 Shares of United Parcel Service, Inc. (NYSE:UPS)

Cadence Bank grew its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 98.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 73,809 shares of the transportation company's stock after purchasing an additional 36,595 shares during the period. Cadence Bank's holdings in United Parcel Service were worth $9,307,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of UPS. IMG Wealth Management Inc. acquired a new position in United Parcel Service during the 4th quarter worth approximately $25,000. Generali Investments Management Co LLC purchased a new position in shares of United Parcel Service in the 4th quarter valued at about $26,000. IFS Advisors LLC lifted its stake in United Parcel Service by 232.3% during the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock worth $27,000 after purchasing an additional 151 shares during the last quarter. Runnymede Capital Advisors Inc. acquired a new position in United Parcel Service in the fourth quarter valued at approximately $30,000. Finally, Whipplewood Advisors LLC acquired a new stake in United Parcel Service during the fourth quarter worth approximately $34,000. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Stock Up 1.4 %

Shares of UPS traded up $1.34 during midday trading on Tuesday, reaching $97.59. 1,401,898 shares of the stock were exchanged, compared to its average volume of 6,368,032. The firm has a 50 day simple moving average of $110.04 and a 200-day simple moving average of $122.36. United Parcel Service, Inc. has a 12-month low of $90.55 and a 12-month high of $153.42. The company has a market cap of $83.36 billion, a price-to-earnings ratio of 14.44, a P/E/G ratio of 1.55 and a beta of 1.10. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings results 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 return on equity of 39.13% and a net margin of 6.35%. During the same quarter in the prior year, the firm posted $2.47 earnings per share. Research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were issued a dividend of $1.64 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This is a positive change from United Parcel Service's previous quarterly dividend of $1.63. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.72%. United Parcel Service's payout ratio is 97.04%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Wolfe Research cut their price target on shares of United Parcel Service from $133.00 to $113.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Bank of America dropped their price target on United Parcel Service from $133.00 to $129.00 and set a "buy" rating on the stock in a research report on Tuesday, March 25th. Citigroup cut their price objective on shares of United Parcel Service from $149.00 to $123.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Galvan Research dropped their price target on shares of United Parcel Service from $147.00 to $133.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of United Parcel Service from $120.00 to $115.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $128.74.

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.