Cullinan Associates Inc. Acquires 14,488 Shares of United Parcel Service, Inc. $UPS

Cullinan Associates Inc. lifted its stake in United Parcel Service, Inc. (NYSE:UPS) by 18.5% in the 1st quarter, HoldingsChannel reports. The firm owned 92,789 shares of the transportation company’s stock after acquiring an additional 14,488 shares during the period. Cullinan Associates Inc.’s holdings in United Parcel Service were worth $9,129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. bought a new stake in United Parcel Service during the fourth quarter valued at about $25,000. IFC & Insurance Marketing Inc. purchased a new position in shares of United Parcel Service during the 4th quarter valued at about $25,000. Coston McIsaac & Partners lifted its position in shares of United Parcel Service by 77.8% during the 4th quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock valued at $27,000 after buying an additional 119 shares in the last quarter. Torren Management LLC bought a new position in shares of United Parcel Service during the 4th quarter valued at approximately $29,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in United Parcel Service in the 4th quarter worth approximately $29,000. 60.26% of the stock is owned by institutional investors.

United Parcel Service Price Performance

Shares of United Parcel Service stock traded up $1.88 on Friday, hitting $112.61. 3,408,694 shares of the company traded hands, compared to its average volume of 4,506,363. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $122.41. The business has a 50-day simple moving average of $105.35 and a 200 day simple moving average of $105.59. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market capitalization of $95.72 billion, a P/E ratio of 18.22, a price-to-earnings-growth ratio of 1.79 and a beta of 1.05.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. The firm had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.99 billion. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. United Parcel Service’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.49 earnings per share. Research analysts expect that United Parcel Service, Inc. will post 7.11 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, May 18th were issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend was Monday, May 18th. United Parcel Service’s dividend payout ratio is 106.15%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on UPS. UBS Group lowered their price target on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Stephens upgraded shares of United Parcel Service to a “strong-buy” rating in a research report on Wednesday. Citigroup upped their target price on shares of United Parcel Service from $127.00 to $132.00 and gave the stock a “buy” rating in a report on Thursday. Weiss Ratings lowered United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. Finally, Evercore decreased their price target on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a report on Wednesday, April 22nd. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, United Parcel Service currently has a consensus rating of “Hold” and a consensus price target of $111.10.

United Parcel Service News Roundup

Here are the key news stories impacting United Parcel Service this week:

• Positive Sentiment: Citigroup raised its price target on UPS to $132 and reiterated a buy rating, while Stephens upgraded the stock to strong-buy, signaling Wall Street sees more upside. Article Title
• Positive Sentiment: UPS was added to the Russell 1000 Value Defensive and Russell 1000 Defensive indexes, which can support demand from index-focused investors and highlight the stock’s defensive appeal. Article Title
• Positive Sentiment: Unusually heavy call option buying suggests traders are positioning for continued gains in UPS shares.
• Positive Sentiment: Several articles pointed to UPS’s strong earnings-beat history and growing investor attention ahead of the next quarterly report, reinforcing expectations for another solid print. Article Title
• Neutral Sentiment: UPS is reshaping its network, likely as part of ongoing operational efficiency efforts, but the article did not indicate an immediate material financial impact. Article Title
• Neutral Sentiment: UPS and FedEx remaining top logistics companies by market cap is a reminder of the company’s scale, but this is more a sector ranking than a stock-moving catalyst. Article Title
• Negative Sentiment: The U.S. Postal Service Inspector General flagged UPS’s air cargo contract with USPS, urging a re-evaluation over volume-guarantee risks and even possible termination if issues are not addressed, which adds uncertainty around parcel volumes and contract revenue. Article Title

United Parcel Service Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.