Birch Hill Investment Advisors LLC Trims Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

Birch Hill Investment Advisors LLC decreased its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 46.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,561 shares of the transportation company's stock after selling 17,741 shares during the period. Birch Hill Investment Advisors LLC's holdings in United Parcel Service were worth $2,262,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in United Parcel Service by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company's stock valued at $8,213,699,000 after purchasing an additional 370,705 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in United Parcel Service by 6.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 23,264,665 shares of the transportation company's stock valued at $2,933,674,000 after acquiring an additional 1,337,058 shares during the last quarter. Geode Capital Management LLC lifted its stake in United Parcel Service by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company's stock valued at $1,979,695,000 after purchasing an additional 414,710 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of United Parcel Service by 15.6% during the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock valued at $1,384,567,000 after purchasing an additional 1,484,452 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of United Parcel Service by 2.5% during the fourth quarter. FMR LLC now owns 10,895,828 shares of the transportation company's stock worth $1,373,964,000 after acquiring an additional 268,278 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Stock Up 1.1%

Shares of NYSE:UPS opened at $101.07 on Tuesday. The business's 50 day simple moving average is $97.68 and its two-hundred day simple moving average is $112.27. The firm has a market cap of $85.59 billion, a P/E ratio of 14.95, a PEG ratio of 1.55 and a beta of 1.22. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. United Parcel Service, Inc. has a 52-week low of $90.55 and a 52-week high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.11. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The company had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. During the same period in the prior year, the firm earned $1.43 earnings per share. United Parcel Service's revenue for the quarter was down .9% on a year-over-year basis. As a group, research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.49%. The ex-dividend date was Monday, May 19th. United Parcel Service's payout ratio is currently 95.63%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on UPS shares. HSBC lowered shares of United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 target price on the stock. in a research note on Thursday, May 1st. Barclays decreased their price target on United Parcel Service from $100.00 to $90.00 and set an "underweight" rating on the stock in a research note on Monday, March 31st. Truist Financial reduced their price target on shares of United Parcel Service from $140.00 to $130.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Galvan Research reduced their price target on shares of United Parcel Service from $147.00 to $133.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Finally, Wall Street Zen downgraded United Parcel Service from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, United Parcel Service has an average rating of "Hold" and an average price target of $120.26.

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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