Amalgamated Bank Has $9 Million Stake in United Parcel Service, Inc. (UPS)

Amalgamated Bank grew its position in United Parcel Service, Inc. (NYSE:UPS) by 55.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 81,397 shares of the transportation company’s stock after acquiring an additional 28,996 shares during the period. Amalgamated Bank’s holdings in United Parcel Service were worth $9,002,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of UPS. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its holdings in United Parcel Service by 0.3% during the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,482 shares of the transportation company’s stock worth $163,000 after buying an additional 5 shares in the last quarter. Founders Capital Management boosted its holdings in United Parcel Service by 0.3% during the second quarter. Founders Capital Management now owns 5,367 shares of the transportation company’s stock worth $594,000 after buying an additional 15 shares in the last quarter. Bollard Group LLC boosted its holdings in United Parcel Service by 0.8% during the second quarter. Bollard Group LLC now owns 2,239 shares of the transportation company’s stock worth $248,000 after buying an additional 17 shares in the last quarter. Guardian Life Insurance Co. of America boosted its holdings in United Parcel Service by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 2,659 shares of the transportation company’s stock worth $285,000 after buying an additional 18 shares in the last quarter. Finally, Conservest Capital Advisors Inc. boosted its holdings in United Parcel Service by 0.8% during the second quarter. Conservest Capital Advisors Inc. now owns 2,913 shares of the transportation company’s stock worth $322,000 after buying an additional 23 shares in the last quarter. 52.87% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently commented on UPS shares. Zacks Investment Research downgraded shares of United Parcel Service from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Cowen and Company reissued a “hold” rating on shares of United Parcel Service in a report on Wednesday, July 19th. BidaskClub downgraded shares of United Parcel Service from a “hold” rating to a “sell” rating in a report on Friday, July 28th. TheStreet raised shares of United Parcel Service from a “c” rating to a “b” rating in a report on Thursday, July 27th. Finally, Citigroup Inc. raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and upped their price target for the company from $115.00 to $128.00 in a report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $119.22.

In related news, EVP Alan Gershenhorn sold 17,699 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $114.10, for a total transaction of $2,019,455.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.59% of the company’s stock.

United Parcel Service, Inc. (UPS) opened at $113.23 on Friday. The company has a debt-to-equity ratio of 9.33, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market cap of $97,604.27, a P/E ratio of 18.93, a PEG ratio of 2.04 and a beta of 0.92. United Parcel Service, Inc. has a 52-week low of $102.12 and a 52-week high of $121.75.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, October 26th. The transportation company reported $1.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.45. The business had revenue of $15.98 billion during the quarter, compared to analyst estimates of $15.62 billion. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. The company’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.44 earnings per share. analysts forecast that United Parcel Service, Inc. will post 6.01 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Friday, November 10th. United Parcel Service’s dividend payout ratio is presently 81.37%.

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United Parcel Service Company Profile

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.

Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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