Birch Hill Investment Advisors LLC Reduces Holdings in United Parcel Service, Inc. $UPS

Key Points

• Birch Hill Investment Advisors LLC reduced its holdings in United Parcel Service, Inc. by 27.1% during the second quarter, selling 5,580 shares to own a total of 14,981 shares valued at $1,512,000.
• Several institutional investors, including Goldman Sachs and Pacer Advisors, made significant increases in their stakes in UPS, with Goldman Sachs boosting its ownership by 124.0%.
• United Parcel Service's recent earnings report showed a slight miss in earnings per share, reporting $1.55 against estimates of $1.56, and a 2.7% decrease in revenue year-over-year.

Birch Hill Investment Advisors LLC trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 27.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,981 shares of the transportation company's stock after selling 5,580 shares during the quarter. Birch Hill Investment Advisors LLC's holdings in United Parcel Service were worth $1,512,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of UPS. Goldman Sachs Group Inc. boosted its stake in United Parcel Service by 124.0% during the first quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company's stock worth $991,132,000 after buying an additional 4,988,044 shares during the period. Pacer Advisors Inc. boosted its stake in United Parcel Service by 1,056.6% during the first quarter. Pacer Advisors Inc. now owns 4,336,175 shares of the transportation company's stock worth $476,936,000 after buying an additional 3,961,255 shares during the period. Nuveen LLC purchased a new position in United Parcel Service during the first quarter worth $201,358,000. Charles Schwab Investment Management Inc. boosted its stake in United Parcel Service by 7.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company's stock worth $2,754,751,000 after buying an additional 1,780,807 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in United Parcel Service by 443.6% during the second quarter. Assenagon Asset Management S.A. now owns 1,549,962 shares of the transportation company's stock worth $156,453,000 after buying an additional 1,264,842 shares during the period. 60.26% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Christiana Smith Shi bought 500 shares of United Parcel Service stock in a transaction on Friday, August 22nd. The stock was acquired at an average cost of $88.17 per share, for a total transaction of $44,085.00. Following the completion of the acquisition, the director owned 500 shares of the company's stock, valued at $44,085. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director William R. Johnson bought 5,000 shares of United Parcel Service stock in a transaction on Thursday, July 31st. The stock was purchased at an average price of $86.50 per share, with a total value of $432,500.00. Following the completion of the acquisition, the director directly owned 10,160 shares of the company's stock, valued at $878,840. This represents a 96.90% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 17,182 shares of company stock worth $1,477,382. 0.13% of the stock is owned by corporate insiders.

United Parcel Service Stock Performance

UPS stock opened at $88.07 on Wednesday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32. The business has a 50-day moving average price of $85.61 and a 200 day moving average price of $93.30. The company has a market capitalization of $74.64 billion, a P/E ratio of 13.11, a PEG ratio of 1.61 and a beta of 1.10. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $145.01.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.01). The firm had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The business's revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.79 earnings per share. As a group, equities research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were issued a $1.64 dividend. The ex-dividend date was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a yield of 7.4%. United Parcel Service's payout ratio is currently 97.62%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on shares of United Parcel Service from $100.00 to $88.00 and set a "hold" rating for the company in a research note on Thursday, October 2nd. Citigroup lowered their target price on shares of United Parcel Service from $114.00 to $112.00 and set a "buy" rating for the company in a research note on Monday, October 13th. Truist Financial lowered their target price on shares of United Parcel Service from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Wednesday, July 30th. Bank of America lowered their target price on shares of United Parcel Service from $83.00 to $81.00 and set an "underperform" rating for the company in a research note on Friday, September 26th. Finally, Barclays lowered their target price on shares of United Parcel Service from $90.00 to $80.00 and set an "underweight" rating for the company in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, United Parcel Service currently has a consensus rating of "Hold" and a consensus price target of $109.31.

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.

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