Bancorpsouth Inc. Boosts Position in United Parcel Service, Inc. (UPS)

Bancorpsouth Inc. lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,669 shares of the transportation company’s stock after acquiring an additional 1,022 shares during the period. United Parcel Service comprises approximately 0.4% of Bancorpsouth Inc.’s holdings, making the stock its 28th largest holding. Bancorpsouth Inc.’s holdings in United Parcel Service were worth $4,277,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of UPS. First PREMIER Bank raised its position in shares of United Parcel Service by 5.0% during the 2nd quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock valued at $116,000 after acquiring an additional 50 shares in the last quarter. Ullmann Financial Group Inc. acquired a new stake in shares of United Parcel Service during the 1st quarter valued at approximately $126,000. Winslow Evans & Crocker Inc. raised its position in shares of United Parcel Service by 261.3% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock valued at $137,000 after acquiring an additional 899 shares in the last quarter. Parkside Financial Bank & Trust raised its position in shares of United Parcel Service by 14.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,240 shares of the transportation company’s stock valued at $137,000 after acquiring an additional 153 shares in the last quarter. Finally, Asset Dedication LLC raised its position in shares of United Parcel Service by 3.9% during the 2nd quarter. Asset Dedication LLC now owns 1,277 shares of the transportation company’s stock valued at $140,000 after acquiring an additional 48 shares in the last quarter. 53.11% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service, Inc. (NYSE UPS) opened at $112.94 on Monday. The company has a market capitalization of $97,323.79, a price-to-earnings ratio of 18.89, a PEG ratio of 2.03 and a beta of 0.92. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 9.33. United Parcel Service, Inc. has a fifty-two week low of $102.12 and a fifty-two week high of $121.75.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.45. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The business had revenue of $15.98 billion during the quarter, compared to analysts’ expectations of $15.62 billion. During the same quarter last year, the business posted $1.44 earnings per share. The company’s quarterly revenue was up 7.0% on a year-over-year basis. sell-side analysts predict that United Parcel Service, Inc. will post 6.01 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Investors of record on Monday, November 13th will be paid a dividend of $0.83 per share. The ex-dividend date is Friday, November 10th. This represents a $3.32 annualized dividend and a yield of 2.94%. United Parcel Service’s dividend payout ratio is currently 81.37%.

Several equities research analysts have weighed in on the company. Zacks Investment Research lowered United Parcel Service from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Goldman Sachs Group, Inc. (The) assumed coverage on United Parcel Service in a research report on Monday, November 13th. They issued a “buy” rating and a $148.00 target price on the stock. TheStreet raised United Parcel Service from a “c” rating to a “b” rating in a research report on Thursday, July 27th. Cowen and Company reaffirmed a “hold” rating on shares of United Parcel Service in a research report on Tuesday, September 26th. Finally, BidaskClub lowered United Parcel Service from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $120.74.

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In related news, EVP Alan Gershenhorn sold 17,699 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total transaction of $2,019,455.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.59% of the company’s stock.

About United Parcel Service

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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