United Parcel Service Inc. (UPS) Shares Sold by Cullinan Associates Inc.
Cullinan Associates Inc. cut its stake in shares of United Parcel Service Inc. (NYSE:UPS) by 0.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 257,552 shares of the company’s stock after selling 364 shares during the period. United Parcel Service makes up about 2.4% of Cullinan Associates Inc.’s holdings, making the stock its 5th largest position. Cullinan Associates Inc.’s holdings in United Parcel Service were worth $28,166,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the stock. Cohen & Steers Inc. increased its stake in United Parcel Service by 575,888.1% in the second quarter. Cohen & Steers Inc. now owns 8,639,821 shares of the company’s stock valued at $662,156,000 after buying an additional 8,638,321 shares during the last quarter. Boston Partners increased its stake in United Parcel Service by 351.3% in the second quarter. Boston Partners now owns 2,498,630 shares of the company’s stock valued at $269,152,000 after buying an additional 1,944,957 shares during the last quarter. Alliancebernstein L.P. increased its stake in United Parcel Service by 113.8% in the second quarter. Alliancebernstein L.P. now owns 2,702,306 shares of the company’s stock valued at $291,092,000 after buying an additional 1,438,539 shares during the last quarter. Janus Capital Management LLC increased its stake in United Parcel Service by 169.9% in the second quarter. Janus Capital Management LLC now owns 2,139,432 shares of the company’s stock valued at $230,460,000 after buying an additional 1,346,617 shares during the last quarter. Finally, Emerald Acquisition Ltd. purchased a new stake in United Parcel Service during the second quarter valued at $133,157,000. 53.29% of the stock is owned by institutional investors and hedge funds.
United Parcel Service Inc. (NYSE:UPS) traded up 0.53% during mid-day trading on Friday, hitting $114.09. The company had a trading volume of 1,992,446 shares. The company’s 50 day moving average price is $108.90 and its 200-day moving average price is $107.31. The company has a market cap of $99.56 billion, a PE ratio of 20.33 and a beta of 0.89. United Parcel Service Inc. has a one year low of $87.30 and a one year high of $114.31.
United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, October 27th. The company reported $1.44 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.44. United Parcel Service had a return on equity of 195.68% and a net margin of 8.33%. The business earned $14.93 billion during the quarter, compared to analyst estimates of $14.72 billion. During the same quarter in the previous year, the firm posted $1.39 EPS. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. Equities research analysts anticipate that United Parcel Service Inc. will post $5.82 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Monday, November 14th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $3.12 dividend on an annualized basis and a yield of 2.73%. United Parcel Service’s dividend payout ratio is currently 55.52%.
Several equities research analysts recently weighed in on the company. BMO Capital Markets assumed coverage on United Parcel Service in a report on Thursday. They set an “outperform” rating and a $125.00 price target for the company. They noted that the move was a valuation call. Barclays PLC increased their price target on United Parcel Service from $110.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, September 12th. Zacks Investment Research downgraded United Parcel Service from a “hold” rating to a “sell” rating in a report on Wednesday, September 28th. Morgan Stanley set a $91.00 price target on United Parcel Service and gave the stock a “sell” rating in a report on Monday, August 1st. Finally, Argus increased their price target on United Parcel Service from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, August 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. United Parcel Service presently has an average rating of “Hold” and a consensus target price of $113.17.
United Parcel Service Company Profile
United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. It delivers packages each business day in over 220 countries and territories. The Company operates in three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight.
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