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

Boston Trust Walden Corp lessened its position in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 10.1% in the first quarter, according to the company in its most recent 13F filing 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 period. Boston Trust Walden Corp owned about 0.06% of United Parcel Service worth $60,184,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Altus Wealth Group LLC boosted its holdings in United Parcel Service by 4.6% in the 4th quarter. Altus Wealth Group LLC now owns 2,022 shares of the transportation company's stock valued at $255,000 after purchasing an additional 89 shares during the period. Morningstar Investment Management LLC boosted its holdings in 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 holdings in United Parcel Service by 1.4% in the 4th 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 during the period. Juncture Wealth Strategies LLC boosted its holdings in United Parcel Service by 2.5% in the 1st 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 during the period. Finally, Cohen & Steers Inc. boosted its holdings in United Parcel Service by 5.3% in the 4th quarter. Cohen & Steers Inc. now owns 2,054 shares of the transportation company's stock valued at $259,000 after purchasing an additional 104 shares during the period. Institutional investors own 60.26% of the company's stock.

United Parcel Service Trading Up 0.2%

NYSE UPS traded up $0.15 on Friday, hitting $99.36. The company's stock had a trading volume of 11,093,220 shares, compared to its average volume of 5,205,517. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. United Parcel Service, Inc. has a 1-year low of $90.55 and a 1-year high of $148.15. The company's 50-day moving average is $97.77 and its 200 day moving average is $111.65. The firm has a market cap of $84.14 billion, a PE ratio of 14.48, a PEG ratio of 1.74 and a beta of 1.22.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $21.50 billion during the quarter, compared to analysts' expectations of $21.25 billion. During the same period in the prior year, the company posted $1.43 EPS. The company's revenue was down .9% on a year-over-year basis. As a group, analysts predict 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 declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were given a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.60%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's dividend payout ratio (DPR) is currently 95.63%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on UPS. JPMorgan Chase & Co. cut their price objective on shares of United Parcel Service from $120.00 to $115.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Citigroup dropped their target price on shares of United Parcel Service from $149.00 to $123.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. UBS Group dropped their target price on shares of United Parcel Service from $141.00 to $127.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Wells Fargo & Company restated an "equal weight" rating and issued a $98.00 target price (down from $120.00) on shares of United Parcel Service in a research report on Tuesday, April 22nd. Finally, HSBC cut shares of United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 target price for the company. in a research report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, thirteen have issued 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, the stock presently has a consensus rating of "Hold" and an average price target of $120.26.

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.