Birch Hill Investment Advisors LLC Buys 40 Shares of United Parcel Service, Inc. (UPS)

Birch Hill Investment Advisors LLC increased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 211,608 shares of the transportation company’s stock after buying an additional 40 shares during the quarter. United Parcel Service accounts for 2.1% of Birch Hill Investment Advisors LLC’s investment portfolio, making the stock its 21st largest holding. Birch Hill Investment Advisors LLC’s holdings in United Parcel Service were worth $23,402,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in UPS. BlackRock Inc. grew its holdings in United Parcel Service by 2,550.9% during the first quarter. BlackRock Inc. now owns 45,051,373 shares of the transportation company’s stock worth $4,834,013,000 after buying an additional 43,351,873 shares in the last quarter. Lazard Asset Management LLC grew its holdings in United Parcel Service by 3,875,867.0% during the first quarter. Lazard Asset Management LLC now owns 4,341,083 shares of the transportation company’s stock worth $465,797,000 after buying an additional 4,340,971 shares in the last quarter. Federated Investors Inc. PA grew its holdings in United Parcel Service by 2,005.9% during the second quarter. Federated Investors Inc. PA now owns 1,518,872 shares of the transportation company’s stock worth $167,972,000 after buying an additional 1,446,749 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in United Parcel Service by 5.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 24,295,470 shares of the transportation company’s stock worth $2,606,905,000 after buying an additional 1,246,981 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in United Parcel Service by 4.0% during the first quarter. Wellington Management Group LLP now owns 29,387,614 shares of the transportation company’s stock worth $3,153,291,000 after buying an additional 1,117,802 shares in the last quarter. Institutional investors and hedge funds own 53.07% of the company’s stock.

United Parcel Service, Inc. (UPS) opened at $114.81 on Tuesday. United Parcel Service, Inc. has a 1 year low of $102.12 and a 1 year high of $121.75. The company has a debt-to-equity ratio of 9.33, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $97,573.69, a price-to-earnings ratio of 18.93, a PEG ratio of 2.04 and a beta of 0.92.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th will be given a dividend of $0.83 per share. The ex-dividend date is Friday, November 10th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.89%. United Parcel Service’s dividend payout ratio is presently 81.37%.

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In other news, EVP Alan Gershenhorn sold 17,699 shares of the company’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total transaction of $2,019,455.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.59% of the stock is owned by corporate insiders.

Several brokerages recently issued reports on UPS. Goldman Sachs Group, Inc. (The) began coverage on United Parcel Service in a report on Monday. They set a “buy” rating and a $148.00 price target for the company. Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $123.00 price target (up previously from $116.00) on shares of United Parcel Service in a report on Wednesday, September 20th. BidaskClub downgraded United Parcel Service from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Zacks Investment Research downgraded United Parcel Service from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Finally, Credit Suisse Group reiterated a “neutral” rating and set a $108.00 price target on shares of United Parcel Service in a report on Tuesday, August 15th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $120.74.

About United Parcel Service

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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