Mutual of America Capital Management LLC Sells 2,562 Shares of United Parcel Service, Inc. (NYSE:UPS)

Mutual of America Capital Management LLC trimmed its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 2.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,067 shares of the transportation company's stock after selling 2,562 shares during the quarter. Mutual of America Capital Management LLC's holdings in United Parcel Service were worth $9,357,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IMG Wealth Management Inc. bought a new position in United Parcel Service during the fourth quarter worth $25,000. Generali Investments Management Co LLC acquired a new stake in shares of United Parcel Service during the fourth quarter worth $26,000. Pinney & Scofield Inc. acquired a new stake in shares of United Parcel Service during the fourth quarter worth $27,000. Citizens National Bank Trust Department lifted its holdings in shares of United Parcel Service by 525.0% during the first quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock worth $27,000 after buying an additional 210 shares in the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new stake in shares of United Parcel Service during the fourth quarter worth $28,000. 60.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

UPS has been the subject of a number of research reports. Wolfe Research dropped their target price on United Parcel Service from $133.00 to $113.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Citigroup lifted their target price on United Parcel Service from $122.00 to $127.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. BNP Paribas raised United Parcel Service to a "hold" rating in a report on Thursday, July 3rd. UBS Group dropped their target price on United Parcel Service from $128.00 to $124.00 and set a "buy" rating for the company in a report on Wednesday, July 2nd. Finally, Susquehanna dropped their price target on 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. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $119.13.

United Parcel Service Trading Down 0.1%

Shares of NYSE:UPS traded down $0.14 during midday trading on Thursday, hitting $99.49. 3,947,045 shares of the stock were exchanged, compared to its average volume of 5,260,258. The stock has a market capitalization of $84.25 billion, a price-to-earnings ratio of 14.50, a P/E/G ratio of 1.92 and a beta of 1.21. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. The business's 50-day moving average price is $99.79 and its 200 day moving average price is $108.33. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.11. The company had revenue of $21.50 billion for the quarter, compared to analysts' expectations of $21.25 billion. United Parcel Service had a return on equity of 40.15% and a net margin of 6.44%. The business's quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.43 earnings per share. Analysts predict 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, June 5th. Stockholders of record on Monday, May 19th were issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 6.59%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's dividend payout ratio (DPR) is currently 95.63%.

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.