Cullen Capital Management LLC Increases Holdings in United Parcel Service, Inc. $UPS

Cullen Capital Management LLC increased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 5.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,395,278 shares of the transportation company’s stock after acquiring an additional 71,622 shares during the period. Cullen Capital Management LLC’s holdings in United Parcel Service were worth $116,548,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in shares of United Parcel Service by 63.8% in the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock worth $1,529,000 after buying an additional 4,723 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in United Parcel Service in the 2nd quarter worth $277,000. Belpointe Asset Management LLC lifted its stake in United Parcel Service by 6.7% in the 2nd quarter. Belpointe Asset Management LLC now owns 7,654 shares of the transportation company’s stock worth $773,000 after purchasing an additional 483 shares in the last quarter. RMG Wealth Management LLC bought a new position in shares of United Parcel Service during the 2nd quarter valued at about $34,000. Finally, KLP Kapitalforvaltning AS grew its position in shares of United Parcel Service by 5.3% during the second quarter. KLP Kapitalforvaltning AS now owns 263,293 shares of the transportation company’s stock valued at $26,577,000 after purchasing an additional 13,200 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on UPS shares. Citigroup cut their price target on United Parcel Service from $126.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, January 28th. HSBC upgraded United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of United Parcel Service from $88.00 to $106.00 and gave the stock a “hold” rating in a research report on Wednesday, January 28th. Wall Street Zen upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Hsbc Global Res raised shares of United Parcel Service from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, United Parcel Service has an average rating of “Hold” and a consensus target price of $113.67.

Insider Activity

In related news, insider Norman M. Brothers, Jr. sold 25,014 shares of the business’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total transaction of $2,655,236.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Trading Up 4.4%

UPS stock opened at $116.76 on Thursday. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $123.70. The stock has a market capitalization of $99.06 billion, a price-to-earnings ratio of 17.80, a price-to-earnings-growth ratio of 1.77 and a beta of 1.11. The company has a quick ratio of 1.30, a current ratio of 1.22 and a debt-to-equity ratio of 1.45. The firm’s fifty day simple moving average is $102.86 and its two-hundred day simple moving average is $93.84.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, January 27th. The transportation company reported $2.38 EPS for the quarter, beating the consensus estimate of $2.20 by $0.18. United Parcel Service had a net margin of 6.28% and a return on equity of 38.30%. The company had revenue of $24.50 billion for the quarter, compared to the consensus estimate of $23.91 billion. During the same period in the prior year, the firm posted $2.75 EPS. The firm’s revenue was down 3.2% compared to the same quarter last year. As a group, analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Tuesday, February 17th will be issued a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Tuesday, February 17th. United Parcel Service’s dividend payout ratio is presently 100.00%.

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.