Cullen Frost Bankers Inc. Sells 13,144 Shares of United Parcel Service, Inc. (NYSE:UPS)

Cullen Frost Bankers Inc. reduced its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 34.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,783 shares of the transportation company’s stock after selling 13,144 shares during the period. Cullen Frost Bankers Inc.’s holdings in United Parcel Service were worth $2,726,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Generali Investments Management Co LLC purchased a new position in United Parcel Service during the fourth quarter valued at approximately $26,000. Graybill Wealth Management LTD. purchased a new stake in United Parcel Service during the 1st quarter valued at about $26,000. Pinney & Scofield Inc. bought a new position in shares of United Parcel Service in the 4th quarter worth approximately $27,000. Citizens National Bank Trust Department grew its holdings in United Parcel Service by 525.0% during the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company’s stock valued at $27,000 after buying an additional 210 shares in the last quarter. Finally, Fourth Dimension Wealth LLC purchased a new position in shares of United Parcel Service in the fourth quarter valued at $28,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $99.49 on Friday. United Parcel Service, Inc. has a fifty-two week low of $90.55 and a fifty-two week 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 firm has a fifty day moving average price of $99.79 and a 200 day moving average price of $108.33. The firm has a market cap of $84.25 billion, a price-to-earnings ratio of 14.50, a P/E/G ratio of 1.92 and a beta of 1.21.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.11. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The business had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. During the same quarter last year, the firm posted $1.43 EPS. The company’s revenue for the quarter was down .9% on a year-over-year basis. As a group, sell-side analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were paid a dividend of $1.64 per share. The ex-dividend date was Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.59%. United Parcel Service’s dividend payout ratio (DPR) is presently 95.63%.

Analyst Ratings Changes

UPS has been the subject of a number of recent research reports. Wells Fargo & Company reiterated an “equal weight” rating and issued a $98.00 target price (down from $120.00) on shares of United Parcel Service in a report on Tuesday, April 22nd. UBS Group dropped their target price on United Parcel Service from $128.00 to $124.00 and set a “buy” rating on the stock in a report on Wednesday, July 2nd. Bank of America upped their price objective on United Parcel Service from $111.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, May 16th. Hsbc Global Res downgraded United Parcel Service from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 1st. Finally, Galvan Research reduced their target price on United Parcel Service from $147.00 to $133.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, United Parcel Service has an average rating of “Hold” and an average price target of $119.13.

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.