Cullinan Associates Inc. Sells 47,862 Shares of United Parcel Service, Inc. $UPS

Cullinan Associates Inc. reduced its stake in United Parcel Service, Inc. (NYSE:UPS) by 51.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 44,927 shares of the transportation company’s stock after selling 47,862 shares during the period. Cullinan Associates Inc.’s holdings in United Parcel Service were worth $4,830,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of United Parcel Service during the 4th quarter worth approximately $25,000. IFC & Insurance Marketing Inc. purchased a new position in shares of United Parcel Service in the fourth quarter valued at $25,000. Coston McIsaac & Partners increased its position in United Parcel Service by 77.8% in the fourth quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock worth $27,000 after purchasing an additional 119 shares during the last quarter. Torren Management LLC bought a new stake in United Parcel Service in the fourth quarter worth $29,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in United Parcel Service during the fourth quarter valued at $29,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $105.40 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.58. The stock’s fifty day moving average price is $108.20 and its 200-day moving average price is $106.04. The firm has a market cap of $89.67 billion, a P/E ratio of 19.59, a P/E/G ratio of 1.90 and a beta of 1.06. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $122.41.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, July 28th. The transportation company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.11. United Parcel Service had a net margin of 5.08% and a return on equity of 37.50%. The company had revenue of $22.83 billion during the quarter, compared to analyst estimates of $21.86 billion. During the same period in the prior year, the firm earned $1.55 earnings per share. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. United Parcel Service has set its FY 2026 guidance at 7.220-7.220 EPS. On average, equities research analysts expect that United Parcel Service, Inc. will post 7.22 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Monday, August 17th will be paid a dividend of $1.64 per share. The ex-dividend date is Monday, August 17th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.2%. United Parcel Service’s dividend payout ratio (DPR) is currently 121.93%.

Analyst Ratings Changes

UPS has been the topic of a number of research reports. UBS Group boosted their target price on shares of United Parcel Service from $123.00 to $124.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Citigroup lifted their price target on United Parcel Service from $127.00 to $132.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Susquehanna boosted their price objective on United Parcel Service from $118.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Weiss Ratings raised United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, August 17th. Finally, Stifel Nicolaus increased their price target on United Parcel Service from $114.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $117.41.

About United Parcel Service

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.