Thomasville National Bank Has $1.27 Million Position in United Parcel Service, Inc. $UPS

Key Points

• Thomasville National Bank increased its holdings in United Parcel Service (UPS) by 367.1% during Q2, now owning 12,607 shares worth approximately $1.27 million.
• UPS reported earnings of $1.55 per share, slightly missing analysts' expectations, while revenue was $21.20 billion, surpassing estimates.
• The company declared a quarterly dividend of $1.64, translating to an annual yield of 7.8%, with a dividend payout ratio of 97.62%.

Thomasville National Bank grew its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 367.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,607 shares of the transportation company's stock after purchasing an additional 9,908 shares during the quarter. Thomasville National Bank's holdings in United Parcel Service were worth $1,273,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of UPS. Gallacher Capital Management LLC acquired a new position in United Parcel Service in the first quarter worth $620,000. Garde Capital Inc. acquired a new stake in shares of United Parcel Service during the first quarter worth $37,000. Golden State Wealth Management LLC lifted its position in shares of United Parcel Service by 61.3% in the 1st quarter. Golden State Wealth Management LLC now owns 1,576 shares of the transportation company's stock worth $173,000 after buying an additional 599 shares during the last quarter. CWA Asset Management Group LLC boosted its holdings in shares of United Parcel Service by 5.9% in the 1st quarter. CWA Asset Management Group LLC now owns 3,467 shares of the transportation company's stock valued at $381,000 after buying an additional 193 shares during the period. Finally, Advisor Resource Council acquired a new position in shares of United Parcel Service in the 1st quarter valued at about $437,000. Institutional investors own 60.26% of the company's stock.

United Parcel Service Price Performance

Shares of United Parcel Service stock traded down $0.91 on Friday, hitting $84.14. The company had a trading volume of 18,090,067 shares, compared to its average volume of 7,575,006. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $145.01. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32. The company has a market cap of $71.31 billion, a PE ratio of 12.52, a PEG ratio of 1.55 and a beta of 1.08. The business has a 50-day simple moving average of $89.48 and a 200-day simple moving average of $97.66.

United Parcel Service (NYSE:UPS - Get Free Report) last released its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing analysts' consensus estimates of $1.56 by ($0.01). United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The firm had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.90 billion. During the same quarter last year, the company earned $1.79 earnings per share. The business's revenue for the quarter was down 2.7% on a year-over-year basis. Research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were given a $1.64 dividend. The ex-dividend date was Monday, August 18th. This represents a $6.56 annualized dividend and a yield of 7.8%. United Parcel Service's payout ratio is 97.62%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on UPS shares. BMO Capital Markets restated a "market perform" rating and issued a $96.00 target price (down from $125.00) on shares of United Parcel Service in a research note on Friday. Evercore ISI reduced their price objective on United Parcel Service from $103.00 to $97.00 and set an "in-line" rating for the company in a research report on Wednesday, July 30th. Stifel Nicolaus lowered their price objective on United Parcel Service from $124.00 to $120.00 and set a "buy" rating for the company in a research note on Wednesday, July 30th. Barclays cut their target price on United Parcel Service from $90.00 to $80.00 and set an "underweight" rating on the stock in a research note on Thursday, July 31st. Finally, Morgan Stanley reduced their price target on shares of United Parcel Service from $80.00 to $75.00 and set an "underweight" rating for the company in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, United Parcel Service presently has a consensus rating of "Hold" and a consensus target price of $111.44.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, Director Christiana Smith Shi purchased 500 shares of the business's stock in a transaction on Friday, August 22nd. The stock was bought at an average cost of $88.17 per share, with a total value of $44,085.00. Following the acquisition, the director owned 500 shares of the company's stock, valued at $44,085. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Carol B. Tome bought 11,682 shares of the company's stock in a transaction that occurred on Friday, August 1st. The stock was acquired 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 directly owned 24,718 shares in the company, valued at approximately $2,117,591.06. This represents a 89.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 17,182 shares of company stock valued at $1,477,382. 0.13% of the stock is owned by insiders.

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.