Boston Trust Walden Corp Sells 61,792 Shares of United Parcel Service, Inc. (NYSE:UPS)

Boston Trust Walden Corp lowered its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 10.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 547,181 shares of the transportation company’s stock after selling 61,792 shares during the quarter. Boston Trust Walden Corp’s holdings in United Parcel Service were worth $60,184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Altus Wealth Group LLC boosted its position in United Parcel Service by 4.6% during the 4th quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company’s stock valued at $255,000 after acquiring an additional 89 shares in the last quarter. Morningstar Investment Management LLC lifted its stake in shares of United Parcel Service by 1.9% in the 4th quarter. Morningstar Investment Management LLC now owns 5,052 shares of the transportation company’s stock valued at $637,000 after purchasing an additional 95 shares during the period. Colonial Trust Co SC boosted its position in shares of United Parcel Service by 1.4% during the fourth quarter. Colonial Trust Co SC now owns 7,227 shares of the transportation company’s stock valued at $911,000 after purchasing an additional 98 shares in the last quarter. Juncture Wealth Strategies LLC boosted its position in shares of United Parcel Service by 2.5% during the first quarter. Juncture Wealth Strategies LLC now owns 4,124 shares of the transportation company’s stock valued at $454,000 after purchasing an additional 101 shares in the last quarter. Finally, Cohen & Steers Inc. grew its stake in United Parcel Service by 5.3% in the fourth quarter. Cohen & Steers Inc. now owns 2,054 shares of the transportation company’s stock worth $259,000 after purchasing an additional 104 shares during the period. 60.26% of the stock is owned by institutional investors.

United Parcel Service Trading Down 0.6%

Shares of NYSE:UPS opened at $99.12 on Thursday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. United Parcel Service, Inc. has a 1 year low of $90.55 and a 1 year high of $148.15. The company has a market cap of $83.93 billion, a P/E ratio of 14.45, a PEG ratio of 1.75 and a beta of 1.22. The stock’s fifty day moving average price is $97.67 and its 200-day moving average price is $112.10.

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

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were issued a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 6.62%. United Parcel Service’s payout ratio is 95.63%.

Wall Street Analyst Weigh In

Several brokerages have commented on UPS. JPMorgan Chase & Co. lowered their price objective on United Parcel Service from $120.00 to $115.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. Susquehanna decreased their price target on shares of United Parcel Service from $120.00 to $110.00 and set a “neutral” rating for the company in a research note on Wednesday, April 30th. HSBC cut shares of United Parcel Service from a “buy” rating to a “hold” rating and set a $105.00 price target for the company. in a research report on Thursday, May 1st. Galvan Research cut their price objective on shares of United Parcel Service from $147.00 to $133.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Finally, Wall Street Zen lowered shares of United Parcel Service from a “buy” rating to a “hold” rating in a report on Wednesday, May 7th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $120.26.

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.