Amalgamated Bank Sells 5,709 Shares of United Parcel Service, Inc. (NYSE:UPS)

Amalgamated Bank trimmed its position in United Parcel Service, Inc. (NYSE:UPS) by 3.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 147,080 shares of the transportation company’s stock after selling 5,709 shares during the quarter. Amalgamated Bank’s holdings in United Parcel Service were worth $20,128,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Wellington Management Group LLP increased its stake in United Parcel Service by 87.6% during the fourth quarter. Wellington Management Group LLP now owns 18,152,900 shares of the transportation company’s stock worth $2,854,180,000 after acquiring an additional 8,475,698 shares during the last quarter. First Trust Advisors LP increased its stake in United Parcel Service by 208.1% during the fourth quarter. First Trust Advisors LP now owns 1,717,391 shares of the transportation company’s stock worth $270,025,000 after acquiring an additional 1,160,005 shares during the last quarter. Spirepoint Private Client LLC bought a new stake in United Parcel Service during the first quarter worth approximately $160,787,000. Confluence Investment Management LLC bought a new stake in United Parcel Service during the first quarter worth approximately $100,176,000. Finally, Interval Partners LP bought a new stake in United Parcel Service during the first quarter worth approximately $90,099,000. 60.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on UPS. Barclays reduced their price objective on United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Stephens dropped their target price on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Stifel Nicolaus dropped their target price on United Parcel Service from $170.00 to $151.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Wells Fargo & Company dropped their target price on United Parcel Service from $156.00 to $134.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. dropped their target price on United Parcel Service from $150.00 to $144.00 and set a “neutral” rating for the company in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, United Parcel Service presently has a consensus rating of “Moderate Buy” and an average target price of $149.68.

United Parcel Service Stock Performance

Shares of NYSE:UPS opened at $130.70 on Wednesday. The company has a market capitalization of $111.82 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 1.89 and a beta of 0.99. United Parcel Service, Inc. has a 52 week low of $123.12 and a 52 week high of $163.82. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.18. The firm has a 50 day moving average of $130.68 and a 200 day moving average of $139.62.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.20). United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The business had revenue of $21.82 billion for the quarter, compared to analysts’ expectations of $22.17 billion. During the same quarter in the prior year, the company posted $2.54 EPS. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, sell-side analysts predict that United Parcel Service, Inc. will post 7.43 earnings per share for the current fiscal 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 dividend of $1.63 per share. The ex-dividend date was Monday, August 19th. This represents a $6.52 annualized dividend and a dividend yield of 4.99%. United Parcel Service’s dividend payout ratio is presently 94.49%.

Insider Activity

In other United Parcel Service news, Director William R. Johnson acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was purchased at an average price of $128.61 per share, for a total transaction of $643,050.00. Following the acquisition, the director now owns 5,160 shares in the company, valued at approximately $663,627.60. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.13% of the company’s stock.

United Parcel Service Company 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.