Amalgamated Bank Sells 3,387 Shares of United Parcel Service, Inc. (NYSE:UPS)

Amalgamated Bank trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 143,693 shares of the transportation company’s stock after selling 3,387 shares during the period. Amalgamated Bank’s holdings in United Parcel Service were worth $19,591,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Blackston Financial Advisory Group LLC boosted its stake in shares of United Parcel Service by 1.4% during the 2nd quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock worth $694,000 after purchasing an additional 69 shares during the period. Cigna Investments Inc. New boosted its stake in shares of United Parcel Service by 1.0% during the 3rd quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company’s stock worth $1,024,000 after purchasing an additional 75 shares during the period. Gleason Group Inc. boosted its stake in shares of United Parcel Service by 1.2% during the 2nd quarter. Gleason Group Inc. now owns 6,496 shares of the transportation company’s stock worth $889,000 after purchasing an additional 77 shares during the period. Rogco LP boosted its stake in shares of United Parcel Service by 1.9% during the 1st quarter. Rogco LP now owns 4,206 shares of the transportation company’s stock worth $625,000 after purchasing an additional 78 shares during the period. Finally, Paulson Wealth Management Inc. boosted its stake in shares of United Parcel Service by 3.0% during the 1st quarter. Paulson Wealth Management Inc. now owns 2,743 shares of the transportation company’s stock worth $408,000 after purchasing an additional 79 shares during the period. 60.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on UPS shares. Robert W. Baird decreased their price objective on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Stephens decreased their price objective on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Oppenheimer lifted their price objective on shares of United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a report on Monday, October 28th. Bank of America lifted their price objective on shares of United Parcel Service from $132.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, Wells Fargo & Company lifted their price objective on shares of United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, United Parcel Service currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.71.

United Parcel Service Stock Down 0.8 %

NYSE:UPS opened at $133.00 on Tuesday. The company has a market cap of $113.93 billion, a PE ratio of 20.09, a P/E/G ratio of 2.21 and a beta of 0.99. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82. The company has a current ratio of 1.14, a quick ratio of 1.25 and a debt-to-equity ratio of 1.20. The company’s 50 day moving average is $131.58 and its two-hundred day moving average is $135.46.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.13. The company had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. United Parcel Service’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.57 EPS. Analysts anticipate that United Parcel Service, Inc. will post 7.47 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 4.90%. The ex-dividend date was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is currently 98.49%.

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.