Cullinan Associates Inc. Trims Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Cullinan Associates Inc. decreased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 7.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,921 shares of the transportation company’s stock after selling 7,389 shares during the quarter. Cullinan Associates Inc.’s holdings in United Parcel Service were worth $12,600,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. TruNorth Capital Management LLC purchased a new stake in shares of United Parcel Service during the 2nd quarter worth about $28,000. Stephens Consulting LLC increased its holdings in United Parcel Service by 869.6% in the first quarter. Stephens Consulting LLC now owns 223 shares of the transportation company’s stock valued at $33,000 after buying an additional 200 shares during the last quarter. Riverview Trust Co acquired a new stake in shares of United Parcel Service during the second quarter worth $32,000. Centerpoint Advisors LLC lifted its stake in United Parcel Service by 291.7% in the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after buying an additional 175 shares during the last quarter. Finally, Tortoise Investment Management LLC boosted its position in shares of United Parcel Service by 168.5% during the second quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after buying an additional 155 shares during the period. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on UPS shares. UBS Group cut their target price on United Parcel Service from $175.00 to $159.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Stephens lowered their price objective on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Citigroup began coverage on shares of United Parcel Service in a report on Wednesday, October 9th. They issued a “buy” rating and a $162.00 target price on the stock. Stifel Nicolaus cut their target price on shares of United Parcel Service from $170.00 to $151.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Finally, Oppenheimer decreased their price objective on United Parcel Service from $157.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, United Parcel Service presently has a consensus rating of “Moderate Buy” and an average target price of $151.05.

United Parcel Service Stock Up 1.2 %

Shares of UPS traded up $1.67 during mid-day trading on Friday, hitting $140.02. 540,124 shares of the company’s stock were exchanged, compared to its average volume of 4,200,104. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $163.82. The company has a market cap of $119.94 billion, a PE ratio of 22.57, a P/E/G ratio of 1.93 and a beta of 0.99. The company has a 50-day simple moving average of $130.54 and a 200 day simple moving average of $136.15.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.11. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. During the same period in the prior year, the firm posted $1.57 earnings per share. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, research analysts forecast that United Parcel Service, Inc. will post 7.44 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 19th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.66%. The ex-dividend date was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is presently 106.36%.

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.