Birch Hill Investment Advisors LLC Sells 8,397 Shares of United Parcel Service, Inc. (NYSE:UPS)

13 Oct 2024, 13:42 by Michael Walen · The Markets Daily

Birch Hill Investment Advisors LLC decreased its stake in shares of United Parcel Service, Inc. (NYSE:UPS – Free Report) by 16.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 42,865 shares of the transportation company’s stock after selling 8,397 shares during the period. Birch Hill Investment Advisors LLC’s holdings in United Parcel Service were worth $5,844,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cullen Investment Group LTD. lifted its holdings in United Parcel Service by 0.7% during the 1st quarter. Cullen Investment Group LTD. now owns 9,921 shares of the transportation company’s stock valued at $1,480,000 after buying an additional 68 shares in the last quarter. Blackston Financial Advisory Group LLC lifted its holdings in United Parcel Service by 1.4% during the 2nd quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock valued at $694,000 after buying an additional 69 shares in the last quarter. Versant Capital Management Inc increased its position in United Parcel Service by 2.2% during the 1st quarter. Versant Capital Management Inc now owns 3,212 shares of the transportation company’s stock valued at $477,000 after purchasing an additional 70 shares during the period. Moody National Bank Trust Division increased its position in United Parcel Service by 0.8% during the 1st quarter. Moody National Bank Trust Division now owns 9,113 shares of the transportation company’s stock valued at $1,354,000 after purchasing an additional 71 shares during the period. Finally, Legacy Wealth Asset Management LLC increased its position in United Parcel Service by 2.1% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 3,490 shares of the transportation company’s stock valued at $519,000 after purchasing an additional 73 shares during the period. Institutional investors own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on UPS. BMO Capital Markets cut their target price on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 24th. Wells Fargo & Company raised their target price on shares of United Parcel Service from $134.00 to $142.00 and gave the company an “overweight” rating in a research report on Thursday. Barclays cut their target price on shares of United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Stephens cut their price objective on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Finally, Evercore ISI lowered their target price on shares of United Parcel Service from $157.00 to $145.00 and set an “in-line” rating for the company in a research note on Monday, June 24th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $151.24.

Check Out Our Latest Analysis on UPS

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, Director William R. Johnson purchased 5,000 shares of United Parcel Service stock in a transaction dated Thursday, July 25th. The shares were acquired at an average price of $128.61 per share, with a total value of $643,050.00. Following the completion of the transaction, the director now owns 5,160 shares of the company’s stock, valued at $663,627.60. This trade represents a 3,100.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by corporate insiders.

United Parcel Service Stock Performance

UPS opened at $134.60 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a fifty day moving average price of $129.21 and a 200 day moving average price of $137.03. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $163.82. The stock has a market cap of $115.30 billion, a P/E ratio of 21.96, a P/E/G ratio of 1.95 and a beta of 0.99.

United Parcel Service (NYSE:UPS – Get Free Report) last issued its quarterly earnings results 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 return on equity of 35.27% and a net margin of 5.87%. The company had revenue of $21.82 billion during the quarter, compared to analysts’ expectations of $22.17 billion. During the same period in the previous year, the firm posted $2.54 EPS. United Parcel Service’s revenue was down 1.1% compared to the same quarter last year. Equities research analysts anticipate that United Parcel Service, Inc. will post 7.43 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were given a $1.63 dividend. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 4.84%. United Parcel Service’s payout ratio is currently 106.36%.

United Parcel Service Company Profile

(Free Report)