United Parcel Service, Inc. $UPS Stock Position Raised by Cullen Investment Group LTD.

Cullen Investment Group LTD. increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 14.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,314 shares of the transportation company’s stock after acquiring an additional 10,545 shares during the quarter. United Parcel Service makes up approximately 0.9% of Cullen Investment Group LTD.’s holdings, making the stock its 29th biggest holding. Cullen Investment Group LTD.’s holdings in United Parcel Service were worth $7,142,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cornerstone Wealth Group LLC lifted its holdings in shares of United Parcel Service by 3.9% in the 2nd quarter. Cornerstone Wealth Group LLC now owns 2,557 shares of the transportation company’s stock worth $258,000 after purchasing an additional 97 shares during the last quarter. Bangor Savings Bank grew its stake in United Parcel Service by 1.9% during the 2nd quarter. Bangor Savings Bank now owns 5,413 shares of the transportation company’s stock worth $546,000 after buying an additional 101 shares during the last quarter. First Dallas Securities Inc. increased its position in United Parcel Service by 0.9% in the first quarter. First Dallas Securities Inc. now owns 11,421 shares of the transportation company’s stock worth $1,256,000 after buying an additional 102 shares during the period. Fortis Capital Advisors LLC lifted its stake in United Parcel Service by 3.4% in the first quarter. Fortis Capital Advisors LLC now owns 3,185 shares of the transportation company’s stock valued at $350,000 after buying an additional 104 shares during the last quarter. Finally, Wright Investors Service Inc. lifted its stake in United Parcel Service by 1.3% in the second quarter. Wright Investors Service Inc. now owns 7,861 shares of the transportation company’s stock valued at $793,000 after buying an additional 104 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Price Performance

NYSE UPS opened at $100.15 on Wednesday. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $136.99. The firm has a market capitalization of $84.97 billion, a PE ratio of 15.48, a P/E/G ratio of 2.39 and a beta of 1.11. The company’s 50 day simple moving average is $92.95 and its 200 day simple moving average is $92.68. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.30 and a quick ratio of 1.30.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, October 28th. The transportation company reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.43. The firm had revenue of $21.42 billion during the quarter, compared to the consensus estimate of $20.94 billion. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.76 earnings per share. As a group, equities research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, November 17th were paid a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $6.56 annualized dividend and a yield of 6.6%. United Parcel Service’s dividend payout ratio (DPR) is currently 101.39%.

Analyst Upgrades and Downgrades

UPS has been the subject of several recent research reports. JPMorgan Chase & Co. upped their price target on shares of United Parcel Service from $85.00 to $97.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. BMO Capital Markets restated a “market perform” rating and issued a $96.00 target price (down previously from $125.00) on shares of United Parcel Service in a research report on Friday, September 19th. Weiss Ratings restated a “sell (d+)” rating on shares of United Parcel Service in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reduced their price objective on United Parcel Service from $100.00 to $88.00 and set a “hold” rating for the company in a research report on Thursday, October 2nd. Finally, Stifel Nicolaus raised their target price on United Parcel Service from $110.00 to $112.00 and gave the company a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $110.09.

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.