Boston Trust Walden Corp Decreases Holdings in United Parcel Service, Inc. $UPS

Key Points

• Boston Trust Walden Corp reduced its holdings in United Parcel Service, Inc. by 7.8% in Q2, owning 504,416 shares valued at approximately $50.9 million.
• Several institutional investors made significant moves, with RFG Advisory LLC increasing its stake by 247.4% and Alpine Woods Capital Investors LLC boosting its position by 52.4% during the same quarter.
• UPS declared a quarterly dividend of $1.64 per share with a 7.9% yield, while its earnings per share for the last quarter missed analysts' expectations by $0.01.

Boston Trust Walden Corp reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 7.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 504,416 shares of the transportation company's stock after selling 42,765 shares during the quarter. Boston Trust Walden Corp owned about 0.06% of United Parcel Service worth $50,916,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. TD Asset Management Inc raised its stake in shares of United Parcel Service by 1.4% in the second quarter. TD Asset Management Inc now owns 361,180 shares of the transportation company's stock valued at $36,458,000 after acquiring an additional 4,885 shares during the period. Morningstar Investment Management LLC purchased a new position in shares of United Parcel Service during the second quarter valued at $836,000. Harbour Trust & Investment Management Co lifted its position in shares of United Parcel Service by 4.0% in the 2nd quarter. Harbour Trust & Investment Management Co now owns 6,077 shares of the transportation company's stock worth $613,000 after purchasing an additional 234 shares during the period. RFG Advisory LLC increased its holdings in shares of United Parcel Service by 247.4% in the 2nd quarter. RFG Advisory LLC now owns 31,416 shares of the transportation company's stock valued at $3,171,000 after acquiring an additional 22,374 shares during the period. Finally, Alpine Woods Capital Investors LLC boosted its position in United Parcel Service by 52.4% during the second quarter. Alpine Woods Capital Investors LLC now owns 17,176 shares of the transportation company's stock valued at $1,734,000 after purchasing an additional 5,907 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other United Parcel Service news, CEO Carol B. Tome bought 11,682 shares of the stock in a transaction dated Friday, August 1st. The shares were acquired at an average cost of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the transaction, the chief executive officer owned 24,718 shares in the company, valued at approximately $2,117,591.06. The trade was a 89.61% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christiana Smith Shi purchased 500 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were acquired at an average price of $88.17 per share, with a total value of $44,085.00. Following the purchase, the director owned 500 shares in the company, valued at $44,085. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 17,182 shares of company stock valued at $1,477,382 over the last quarter. Company insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on UPS. BNP Paribas raised United Parcel Service to a "hold" rating in a research report on Thursday, July 3rd. Barclays cut their price target on United Parcel Service from $90.00 to $80.00 and set an "underweight" rating on the stock in a research report on Thursday, July 31st. JPMorgan Chase & Co. cut their target price on shares of United Parcel Service from $96.00 to $85.00 and set a "neutral" rating for the company in a report on Wednesday, October 8th. Wells Fargo & Company cut their price objective on United Parcel Service from $98.00 to $91.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 30th. Finally, BMO Capital Markets restated a "market perform" rating and set a $96.00 price target (down previously from $125.00) on shares of United Parcel Service in a research report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $109.31.

United Parcel Service Price Performance

UPS stock opened at $83.20 on Tuesday. The business has a fifty day moving average of $85.70 and a two-hundred day moving average of $94.04. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $145.01. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. The stock has a market cap of $70.51 billion, a price-to-earnings ratio of 12.38, a price-to-earnings-growth ratio of 1.53 and a beta of 1.10.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.56 by ($0.01). United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The company had revenue of $21.20 billion during the quarter, compared to analysts' expectations of $20.90 billion. During the same period last year, the firm posted $1.79 earnings per share. United Parcel Service's revenue was down 2.7% on a year-over-year basis. As a group, research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were given a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 annualized dividend and a yield of 7.9%. United Parcel Service's payout ratio is 97.62%.

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.

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