Boston Trust Walden Corp Sells 41,473 Shares of United Parcel Service, Inc. $UPS

Key Points

• Boston Trust Walden cut its UPS stake by 12.5%, selling 41,473 shares in the third quarter; it retained 290,025 shares valued at approximately $27.1 million.
• Analyst views were mixed: UPS had a consensus “Hold” rating and an average price target of $118.45, while several firms raised targets and BNP Paribas Exane maintained an “Underperform” rating.
• UPS reported quarterly earnings of $1.69 per share on $22.85 billion in revenue and declared a $1.64 quarterly dividend, equivalent to $6.56 annually.

Boston Trust Walden Corp reduced its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 12.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 290,025 shares of the transportation company's stock after selling 41,473 shares during the quarter. Boston Trust Walden Corp's holdings in United Parcel Service were worth $27,100,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in UPS. Cordgrass Capital Advisors LLC boosted its holdings in shares of United Parcel Service by 1.5% in the third quarter. Cordgrass Capital Advisors LLC now owns 20,205 shares of the transportation company's stock worth $1,888,000 after buying an additional 304 shares during the last quarter. Ascent Group LLC increased its holdings in United Parcel Service by 3.6% during the third quarter. Ascent Group LLC now owns 27,184 shares of the transportation company's stock valued at $2,540,000 after buying an additional 940 shares during the last quarter. MH & Associates Securities Management Corp ADV bought a new position in United Parcel Service in the third quarter worth approximately $2,317,000. Compass Financial Management LLC raised its position in United Parcel Service by 2.1% in the third quarter. Compass Financial Management LLC now owns 6,393 shares of the transportation company's stock worth $597,000 after acquiring an additional 131 shares during the period. Finally, Rakuten Investment Management Inc. boosted its stake in shares of United Parcel Service by 10.1% during the 3rd quarter. Rakuten Investment Management Inc. now owns 134,320 shares of the transportation company's stock worth $12,617,000 after acquiring an additional 12,316 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on UPS. BNP Paribas Exane reduced their price target on United Parcel Service from $90.00 to $85.00 and set an "underperform" rating for the company in a research report on Wednesday, September 30th. The Goldman Sachs Group boosted their price objective on United Parcel Service from $128.00 to $132.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. Citigroup increased their target price on shares of United Parcel Service from $122.00 to $131.00 and gave the stock a "buy" rating in a report on Wednesday, October 28th. Barclays raised their target price on shares of United Parcel Service from $80.00 to $95.00 and gave the stock an "underweight" rating in a research note on Wednesday, October 28th. Finally, Truist Financial lifted their price target on shares of United Parcel Service from $115.00 to $120.00 and gave the company a "buy" rating in a report on Wednesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $118.45.

United Parcel Service Stock Performance

NYSE:UPS opened at $110.83 on Friday. The stock's fifty day moving average is $99.76 and its 200 day moving average is $104.70. United Parcel Service, Inc. has a fifty-two week low of $90.84 and a fifty-two week high of $122.41. The firm has a market capitalization of $94.29 billion, a PE ratio of 16.57, a PEG ratio of 2.05 and a beta of 0.98. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.18 and a current ratio of 1.24.

United Parcel Service (NYSE:UPS - Get Free Report) last released its earnings results on Wednesday, November 4th. The transportation company reported $1.69 earnings per share for the quarter. United Parcel Service had a return on equity of 37.78% and a net margin of 4.84%. The business had revenue of $22.85 billion for the quarter. On average, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.28 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Monday, November 16th will be issued a $1.64 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.9%. United Parcel Service's dividend payout ratio is currently 126.15%.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, insider Matthew Guffey sold 8,318 shares of the company's stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $105.39, for a total value of $876,634.02. Following the sale, the insider directly owned 271 shares of the company's stock, valued at approximately $28,560.69. This represents a 96.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.19% of the company's stock.

Key United Parcel Service News

Here are the key news stories impacting United Parcel Service this week:

• Positive Sentiment: UPS reported quarterly EPS of $1.69 and revenue of $22.85 billion. An update highlighted stronger-than-expected results, higher full-year guidance and confidence in further margin improvement after reducing Amazon delivery volumes—factors that may support earnings growth. Is United Parcel Service (UPS) Undervalued Following Strong Results And Higher Guidance?
• Positive Sentiment: The company declared its regular $1.64 quarterly dividend, equivalent to $6.56 annually and a roughly 5.7% yield. Maintaining the payout may appeal to income-focused investors. UPS Announces Quarterly Dividend
• Neutral Sentiment: UPS appointed Reckitt CFO Shannon Eisenhardt to its board and Audit Committee. The appointment adds financial leadership, though its near-term effect on results is unclear. UPS Appoints Shannon Eisenhardt to Board of Directors
• Negative Sentiment: The dividend has been unchanged for seven quarters, and UPS reportedly distributes nearly 90% of free cash flow through the payout. That may limit room for increases and raises concern about dividend flexibility. UPS Has Paid the Same $1.64 Dividend for 7 Quarters. Should Retirees Worry?

United Parcel Service Company Profile

United Parcel Service, Inc NYSE: UPS is a global package delivery and logistics company. Its services include the transportation and delivery of packages and freight, time-definite express delivery, supply chain management, customs brokerage, and logistics consulting. UPS serves businesses and consumers through ground, air, and international delivery networks.

The company operates across the United States and in international markets throughout Europe, Asia-Pacific, Latin America, Canada, and other regions.

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