Boston Trust Walden Corp Cuts Stake in United Parcel Service, Inc. (NYSE:UPS)

Boston Trust Walden Corp trimmed its stake in United Parcel Service, Inc. (NYSE:UPS) by 2.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 608,973 shares of the transportation company’s stock after selling 15,532 shares during the quarter. Boston Trust Walden Corp’s holdings in United Parcel Service were worth $76,791,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of UPS. Rice Partnership LLC increased its holdings in shares of United Parcel Service by 652.0% during the 4th quarter. Rice Partnership LLC now owns 15,039 shares of the transportation company’s stock worth $1,896,000 after buying an additional 13,039 shares during the last quarter. Resonant Capital Advisors LLC grew its position in United Parcel Service by 1.5% during the fourth quarter. Resonant Capital Advisors LLC now owns 11,054 shares of the transportation company’s stock valued at $1,394,000 after acquiring an additional 159 shares during the period. HHM Wealth Advisors LLC increased its stake in United Parcel Service by 87.1% during the fourth quarter. HHM Wealth Advisors LLC now owns 2,574 shares of the transportation company’s stock worth $325,000 after acquiring an additional 1,198 shares during the last quarter. Willis Investment Counsel raised its holdings in shares of United Parcel Service by 1.0% in the 4th quarter. Willis Investment Counsel now owns 171,522 shares of the transportation company’s stock worth $21,629,000 after purchasing an additional 1,721 shares during the period. Finally, SkyOak Wealth LLC lifted its stake in shares of United Parcel Service by 11.6% in the 4th quarter. SkyOak Wealth LLC now owns 19,089 shares of the transportation company’s stock valued at $2,407,000 after purchasing an additional 1,990 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on UPS. Wolfe Research raised shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 target price for the company in a research report on Wednesday, January 8th. Barclays reissued an “underweight” rating and issued a $120.00 target price on shares of United Parcel Service in a research note on Monday, October 21st. Argus raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Wells Fargo & Company cut their price objective on United Parcel Service from $150.00 to $128.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, JPMorgan Chase & Co. lowered their target price on United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a research note on Friday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.95.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the sale, the insider now directly owns 45,098 shares in the company, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by insiders.

United Parcel Service Trading Down 0.6 %

Shares of NYSE UPS opened at $114.19 on Monday. The stock has a market capitalization of $97.45 billion, a P/E ratio of 16.89, a PEG ratio of 1.63 and a beta of 0.98. The stock’s 50 day moving average price is $128.31 and its two-hundred day moving average price is $130.16. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 52-week low of $109.62 and a 52-week high of $158.95.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same period in the prior year, the firm earned $2.47 earnings per share. On average, analysts anticipate that United Parcel Service, Inc. will post 8.61 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, December 5th. Shareholders of record on Monday, November 18th were issued a $1.63 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 5.71%. United Parcel Service’s dividend payout ratio is currently 96.45%.

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.