Cullinan Associates Inc. Has $8.58 Million Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Cullinan Associates Inc. lowered its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 6.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 78,019 shares of the transportation company's stock after selling 5,407 shares during the quarter. Cullinan Associates Inc.'s holdings in United Parcel Service were worth $8,581,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in UPS. Vanguard Group Inc. boosted its holdings in shares of United Parcel Service by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company's stock valued at $8,213,699,000 after buying an additional 370,705 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in United Parcel Service by 6.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company's stock worth $2,933,674,000 after purchasing an additional 1,337,058 shares during the last quarter. Geode Capital Management LLC boosted its stake in United Parcel Service by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company's stock worth $1,979,695,000 after purchasing an additional 414,710 shares during the last quarter. Franklin Resources Inc. boosted its stake in United Parcel Service by 15.6% during the 4th quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock worth $1,384,567,000 after purchasing an additional 1,484,452 shares during the last quarter. Finally, FMR LLC boosted its stake in United Parcel Service by 2.5% during the 4th quarter. FMR LLC now owns 10,895,828 shares of the transportation company's stock worth $1,373,964,000 after purchasing an additional 268,278 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on UPS shares. Deutsche Bank Aktiengesellschaft initiated coverage on shares of United Parcel Service in a research report on Friday, March 7th. They set a "hold" rating and a $119.00 price target on the stock. Truist Financial decreased their price objective on United Parcel Service from $140.00 to $130.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Hsbc Global Res downgraded United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. Wall Street Zen downgraded United Parcel Service from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Finally, Wells Fargo & Company reiterated an "equal weight" rating and issued a $98.00 price objective (down previously from $120.00) on shares of United Parcel Service in a research report on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $120.26.

United Parcel Service Stock Up 0.3%

NYSE:UPS traded up $0.26 during trading hours on Tuesday, hitting $100.66. 3,675,220 shares of the company's stock traded hands, compared to its average volume of 5,188,838. The firm has a market cap of $85.24 billion, a P/E ratio of 14.67, a P/E/G ratio of 1.76 and a beta of 1.22. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $148.15. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. The stock's fifty day moving average price is $97.81 and its two-hundred day moving average price is $111.24.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.11. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The company had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. During the same period in the prior year, the firm posted $1.43 EPS. The business's revenue was down .9% compared to the same quarter last year. On average, research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were paid a $1.64 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.52%. United Parcel Service's payout ratio is presently 95.63%.

About United Parcel Service

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.