Cullinan Associates Inc. cut its stake in United Parcel Service, Inc. (NYSE:UPS) by 6.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 115,808 shares of the transportation company’s stock after selling 8,300 shares during the period. United Parcel Service comprises about 0.9% of Cullinan Associates Inc.’s investment portfolio, making the stock its 19th largest position. Cullinan Associates Inc.’s holdings in United Parcel Service were worth $11,295,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Capital Guardian Trust Co. bought a new position in United Parcel Service during the 3rd quarter worth about $109,000. Moneta Group Investment Advisors LLC grew its holdings in United Parcel Service by 118.8% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 1,105 shares of the transportation company’s stock worth $117,000 after acquiring an additional 600 shares in the last quarter. Psagot Investment House Ltd. bought a new position in United Parcel Service during the 3rd quarter worth about $121,000. Bell Rock Capital LLC bought a new position in United Parcel Service during the 3rd quarter worth about $127,000. Finally, ELM Advisors LLC bought a new position in United Parcel Service during the 3rd quarter worth about $140,000. Hedge funds and other institutional investors own 54.05% of the company’s stock.

Several brokerages have issued reports on UPS. Morgan Stanley dropped their target price on shares of United Parcel Service from $92.00 to $87.00 and set a “sell” rating on the stock in a report on Tuesday, December 4th. Robert W. Baird dropped their target price on shares of United Parcel Service from $128.00 to $124.00 and set a “neutral” rating on the stock in a report on Thursday, October 25th. Zacks Investment Research upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $132.00 target price on the stock in a report on Friday, October 12th. Credit Suisse Group dropped their target price on shares of United Parcel Service from $119.00 to $118.00 and set a “neutral” rating on the stock in a report on Thursday, October 25th. Finally, Raymond James dropped their target price on shares of United Parcel Service from $150.00 to $140.00 and set a “strong-buy” rating on the stock in a report on Thursday, October 25th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $123.83.

Shares of NYSE:UPS traded down $0.54 during trading on Friday, reaching $98.37. The stock had a trading volume of 256,243 shares, compared to its average volume of 3,714,972. United Parcel Service, Inc. has a one year low of $89.89 and a one year high of $135.53. The stock has a market capitalization of $84.14 billion, a P/E ratio of 16.31, a P/E/G ratio of 1.37 and a beta of 1.22. The company has a debt-to-equity ratio of 6.43, a quick ratio of 1.14 and a current ratio of 1.14.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Wednesday, October 24th. The transportation company reported $1.82 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.82. The firm had revenue of $17.44 billion during the quarter, compared to analyst estimates of $17.48 billion. United Parcel Service had a net margin of 7.68% and a return on equity of 307.54%. United Parcel Service’s revenue was up 7.9% on a year-over-year basis. During the same period last year, the firm posted $1.45 EPS. On average, research analysts forecast that United Parcel Service, Inc. will post 7.22 EPS for the current year.

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United Parcel Service Company Profile

United Parcel Service, Inc provides letter and package delivery, specialized 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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