Cullen Frost Bankers Inc. Sells 3,253 Shares of United Parcel Service, Inc. (UPS)

Cullen Frost Bankers Inc. cut its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 14.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,752 shares of the transportation company’s stock after selling 3,253 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in United Parcel Service were worth $2,235,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. State of Wisconsin Investment Board grew its holdings in United Parcel Service by 50.0% in the second quarter. State of Wisconsin Investment Board now owns 718,476 shares of the transportation company’s stock valued at $79,456,000 after purchasing an additional 239,350 shares during the period. Brookstone Capital Management grew its holdings in United Parcel Service by 9.0% in the second quarter. Brookstone Capital Management now owns 55,120 shares of the transportation company’s stock valued at $6,096,000 after purchasing an additional 4,541 shares during the period. Wesbanco Bank Inc. grew its holdings in United Parcel Service by 9.4% in the second quarter. Wesbanco Bank Inc. now owns 61,892 shares of the transportation company’s stock valued at $6,845,000 after purchasing an additional 5,325 shares during the period. Sawyer & Company Inc purchased a new stake in United Parcel Service in the fourth quarter valued at approximately $2,779,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in United Parcel Service in the third quarter valued at approximately $8,978,000. Institutional investors and hedge funds own 53.51% of the company’s stock.

United Parcel Service, Inc. (NYSE UPS) opened at $109.28 on Friday. United Parcel Service, Inc. has a 12-month low of $102.12 and a 12-month high of $135.53. The company has a debt-to-equity ratio of 19.69, a quick ratio of 1.06 and a current ratio of 1.22. The company has a market cap of $94,170.00, a price-to-earnings ratio of 19.48, a PEG ratio of 1.69 and a beta of 0.91.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, February 1st. The transportation company reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.01. United Parcel Service had a net margin of 7.45% and a return on equity of 477.77%. The business had revenue of $18.83 billion for the quarter, compared to analysts’ expectations of $18.20 billion. During the same period in the previous year, the company posted $1.63 earnings per share. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. research analysts anticipate that United Parcel Service, Inc. will post 7.23 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 7th. Stockholders of record on Tuesday, February 20th will be given a dividend of $0.91 per share. This is a boost from United Parcel Service’s previous quarterly dividend of $0.83. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.33%. United Parcel Service’s payout ratio is presently 59.18%.

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of United Parcel Service from $113.00 to $114.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. Loop Capital lifted their price target on shares of United Parcel Service from $120.00 to $128.00 and gave the company a “hold” rating in a research report on Friday, October 27th. Credit Suisse Group reaffirmed a “hold” rating and set a $116.00 price target (up from $108.00) on shares of United Parcel Service in a research report on Thursday, October 12th. They noted that the move was a valuation call. Deutsche Bank raised shares of United Parcel Service from a “hold” rating to a “buy” rating and lifted their price target for the company from $125.00 to $135.00 in a research report on Monday, December 4th. Finally, Morgan Stanley lifted their price target on shares of United Parcel Service from $79.00 to $90.00 and gave the company an “underweight” rating in a research report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $126.47.

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United Parcel Service Company Profile

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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