United Parcel Service, Inc. $UPS Shares Acquired by Cullen Capital Management LLC

Cullen Capital Management LLC boosted its position in United Parcel Service, Inc. (NYSE:UPS) by 9.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,323,656 shares of the transportation company’s stock after buying an additional 112,642 shares during the quarter. United Parcel Service makes up about 1.5% of Cullen Capital Management LLC’s investment portfolio, making the stock its 29th biggest holding. Cullen Capital Management LLC owned approximately 0.16% of United Parcel Service worth $133,610,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in United Parcel Service by 63.8% in the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock worth $1,529,000 after purchasing an additional 4,723 shares during the period. Kovitz Investment Group Partners LLC raised its holdings in shares of United Parcel Service by 72.9% during the first quarter. Kovitz Investment Group Partners LLC now owns 37,076 shares of the transportation company’s stock worth $4,078,000 after purchasing an additional 15,631 shares during the period. Fox Run Management L.L.C. raised its holdings in shares of United Parcel Service by 187.7% during the first quarter. Fox Run Management L.L.C. now owns 6,660 shares of the transportation company’s stock worth $733,000 after purchasing an additional 4,345 shares during the period. Horizon Investments LLC lifted its position in shares of United Parcel Service by 4.3% in the 1st quarter. Horizon Investments LLC now owns 15,066 shares of the transportation company’s stock worth $1,657,000 after buying an additional 617 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of United Parcel Service by 7.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 4,184 shares of the transportation company’s stock valued at $460,000 after buying an additional 299 shares during the period. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Trading Up 0.4%

Shares of UPS stock opened at $100.91 on Monday. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $136.99. The firm has a market capitalization of $85.61 billion, a PE ratio of 15.60, a price-to-earnings-growth ratio of 2.41 and a beta of 1.11. The stock has a fifty day moving average of $92.40 and a two-hundred day moving average of $92.65. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.30 and a current ratio of 1.30.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.74 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.43. The business had revenue of $21.42 billion for the quarter, compared to analysts’ expectations of $20.94 billion. United Parcel Service had a net margin of 6.15% and a return on equity of 40.07%. The company’s revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.76 earnings per share. As a group, research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, November 17th were issued a $1.64 dividend. The ex-dividend date was Monday, November 17th. This represents a $6.56 annualized dividend and a dividend yield of 6.5%. United Parcel Service’s dividend payout ratio (DPR) is 101.39%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Weiss Ratings reissued a “sell (d+)” rating on shares of United Parcel Service in a report on Wednesday, October 8th. Truist Financial upped their price objective on United Parcel Service from $100.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $96.00 target price (down from $125.00) on shares of United Parcel Service in a research report on Friday, September 19th. Finally, Stephens raised shares of United Parcel Service to a “hold” rating in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $110.00.

United Parcel Service 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.