United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Cullen Investment Group LTD.

Cullen Investment Group LTD. decreased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 7.7% in the 4th quarter, HoldingsChannel reports. The firm owned 9,222 shares of the transportation company’s stock after selling 769 shares during the quarter. Cullen Investment Group LTD.’s holdings in United Parcel Service were worth $1,163,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Thoroughbred Financial Services LLC increased its stake in United Parcel Service by 106.1% in the second quarter. Thoroughbred Financial Services LLC now owns 4,363 shares of the transportation company’s stock valued at $597,000 after purchasing an additional 2,246 shares during the period. Quantbot Technologies LP purchased a new stake in shares of United Parcel Service in the 2nd quarter worth about $2,986,000. Citizens Financial Group Inc. RI increased its stake in shares of United Parcel Service by 6.1% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 14,349 shares of the transportation company’s stock worth $1,964,000 after purchasing an additional 823 shares in the last quarter. Excalibur Management Corp raised its holdings in shares of United Parcel Service by 5.3% in the second quarter. Excalibur Management Corp now owns 12,826 shares of the transportation company’s stock worth $1,755,000 after acquiring an additional 646 shares during the last quarter. Finally, Edgestream Partners L.P. lifted its holdings in United Parcel Service by 1,134.0% in the 2nd quarter. Edgestream Partners L.P. now owns 55,764 shares of the transportation company’s stock valued at $7,631,000 after purchasing an additional 51,245 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Up 1.5 %

UPS stock opened at $125.14 on Tuesday. The company’s 50 day moving average is $129.38 and its 200 day moving average is $131.08. The stock has a market cap of $106.79 billion, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 2.11 and a beta of 1.00. United Parcel Service, Inc. has a 1-year low of $121.56 and a 1-year high of $161.35. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. The company had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.57 EPS. Sell-side analysts predict that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 5.21%. The ex-dividend date was Monday, November 18th. United Parcel Service’s payout ratio is 98.49%.

Insiders Place Their Bets

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the transaction, the insider now owns 45,098 shares in the company, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.13% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on UPS. Susquehanna boosted their target price on shares of United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, October 25th. UBS Group upped their target price on shares of United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Citigroup dropped their price objective on United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. The Goldman Sachs Group cut their target price on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Finally, Argus raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $151.10.

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.