Cullinan Associates Inc. Sells 2,463 Shares of United Parcel Service, Inc. (NYSE:UPS)


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Cullinan Associates Inc. decreased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 5.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 40,480 shares of the transportation company’s stock after selling 2,463 shares during the quarter. Cullinan Associates Inc.’s holdings in United Parcel Service were worth $6,881,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in UPS. Great West Life Assurance Co. Can increased its stake in United Parcel Service by 3.9% in the 3rd quarter. Great West Life Assurance Co. Can now owns 617,284 shares of the transportation company’s stock valued at $102,899,000 after buying an additional 22,925 shares during the last quarter. Schonfeld Strategic Advisors LLC increased its stake in United Parcel Service by 126.0% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 26,000 shares of the transportation company’s stock valued at $4,332,000 after buying an additional 126,000 shares during the last quarter. Westover Capital Advisors LLC increased its stake in United Parcel Service by 1.1% in the 3rd quarter. Westover Capital Advisors LLC now owns 34,292 shares of the transportation company’s stock valued at $5,714,000 after buying an additional 373 shares during the last quarter. IHT Wealth Management LLC increased its stake in United Parcel Service by 19.2% in the 3rd quarter. IHT Wealth Management LLC now owns 6,319 shares of the transportation company’s stock valued at $1,053,000 after buying an additional 1,017 shares during the last quarter. Finally, Chiron Capital Management LLC purchased a new stake in United Parcel Service in the 3rd quarter valued at about $50,000. 55.68% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Laura J. Lane sold 2,375 shares of United Parcel Service stock in a transaction on Friday, February 26th. The shares were sold at an average price of $157.93, for a total transaction of $375,083.75. Also, insider Norman M. Brothers, Jr. sold 13,337 shares of United Parcel Service stock in a transaction on Monday, February 22nd. The stock was sold at an average price of $159.64, for a total transaction of $2,129,118.68. The disclosure for this sale can be found here. 0.57% of the stock is owned by company insiders.

NYSE:UPS traded up $1.11 during trading hours on Thursday, hitting $179.68. The stock had a trading volume of 36,041 shares, compared to its average volume of 3,512,069. The company has a 50 day simple moving average of $168.53 and a two-hundred day simple moving average of $166.35. The company has a debt-to-equity ratio of 4.16, a current ratio of 1.29 and a quick ratio of 1.29. United Parcel Service, Inc. has a one year low of $88.85 and a one year high of $181.19. The firm has a market capitalization of $155.79 billion, a price-to-earnings ratio of 34.17, a P/E/G ratio of 2.47 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, February 2nd. The transportation company reported $2.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.14 by $0.52. United Parcel Service had a net margin of 5.71% and a return on equity of 161.20%. The firm had revenue of $24.90 billion during the quarter, compared to the consensus estimate of $22.85 billion. During the same period last year, the firm earned $2.11 EPS. The business’s quarterly revenue was up 21.0% compared to the same quarter last year. Equities research analysts anticipate that United Parcel Service, Inc. will post 7.68 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 10th. Shareholders of record on Monday, February 22nd were issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.27%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.01. The ex-dividend date was Friday, February 19th. United Parcel Service’s dividend payout ratio (DPR) is presently 54.18%.

Several equities research analysts have recently issued reports on the stock. Vertical Research assumed coverage on shares of United Parcel Service in a research note on Thursday, April 1st. They set a “buy” rating and a $195.00 price target for the company. Barclays upgraded shares of United Parcel Service from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $155.00 to $180.00 in a research note on Wednesday. Craig Hallum raised their price target on shares of United Parcel Service from $12.00 to $25.00 in a research note on Monday, February 8th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their price target on shares of United Parcel Service from $190.00 to $200.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. set a $180.00 price target on shares of United Parcel Service and gave the stock a “neutral” rating in a research note on Wednesday, February 3rd. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. United Parcel Service has an average rating of “Hold” and a consensus target price of $163.32.

United Parcel Service Company Profile

United Parcel Service, Inc provides letter and package delivery, transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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

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