United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by Cullinan Associates Inc.

Cullinan Associates Inc. increased its position in United Parcel Service, Inc. (NYSE:UPS) by 7.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,728 shares of the transportation company’s stock after buying an additional 4,092 shares during the period. Cullinan Associates Inc.’s holdings in United Parcel Service were worth $8,729,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of UPS. Tennessee Valley Asset Management Partners acquired a new position in United Parcel Service during the fourth quarter worth approximately $26,000. Life Planning Partners Inc bought a new position in United Parcel Service during the 4th quarter valued at $28,000. Northwest Financial Advisors bought a new position in United Parcel Service during the 4th quarter valued at $28,000. Pineridge Advisors LLC bought a new position in United Parcel Service during the 4th quarter valued at $31,000. Finally, Bourgeon Capital Management LLC acquired a new stake in shares of United Parcel Service during the fourth quarter worth $31,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Down 1.1 %

NYSE UPS traded down $1.49 during trading on Tuesday, reaching $134.46. The company’s stock had a trading volume of 1,145,290 shares, compared to its average volume of 4,034,686. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $115.04 billion, a PE ratio of 19.60, a PEG ratio of 1.74 and a beta of 0.98. The business has a 50-day moving average price of $141.71 and a 200-day moving average price of $148.50. United Parcel Service, Inc. has a 1-year low of $132.90 and a 1-year high of $192.98.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.10. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. The business had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.84 billion. During the same period in the previous year, the company earned $2.20 earnings per share. United Parcel Service’s revenue for the quarter was down 5.3% on a year-over-year basis. On average, research analysts forecast that United Parcel Service, Inc. will post 8.22 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Monday, May 13th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date was Friday, May 10th. United Parcel Service’s payout ratio is 94.49%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Stifel Nicolaus dropped their price objective on shares of United Parcel Service from $178.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. Morgan Stanley boosted their target price on shares of United Parcel Service from $95.00 to $100.00 and gave the stock an “underweight” rating in a report on Wednesday, March 27th. Bank of America boosted their target price on shares of United Parcel Service from $157.00 to $160.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Susquehanna lifted their target price on shares of United Parcel Service from $150.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Finally, Wells Fargo & Company initiated coverage on shares of United Parcel Service in a research report on Friday, June 7th. They issued an “overweight” rating and a $156.00 target price on the stock. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, United Parcel Service presently has an average rating of “Hold” and a consensus price target of $164.55.

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.