Birch Hill Investment Advisors LLC decreased its stake in United Parcel Service, Inc. (NYSE:UPS) by 4.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 211,568 shares of the transportation company’s stock after selling 8,995 shares during the period. United Parcel Service accounts for approximately 1.9% of Birch Hill Investment Advisors LLC’s investment portfolio, making the stock its 21st largest position. Birch Hill Investment Advisors LLC’s holdings in United Parcel Service were worth $22,701,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UPS. Trust Department MB Financial Bank N A raised its position in United Parcel Service by 0.6% in the first quarter. Trust Department MB Financial Bank N A now owns 4,613 shares of the transportation company’s stock worth $495,000 after buying an additional 27 shares during the period. Lederer & Associates Investment Counsel CA raised its position in United Parcel Service by 3.1% in the first quarter. Lederer & Associates Investment Counsel CA now owns 20,055 shares of the transportation company’s stock worth $2,152,000 after buying an additional 600 shares during the period. Professional Advisory Services Inc. bought a new position in United Parcel Service during the first quarter worth about $12,953,000. Macnealy Hoover Investment Management Inc. raised its position in United Parcel Service by 1.0% in the first quarter. Macnealy Hoover Investment Management Inc. now owns 10,439 shares of the transportation company’s stock worth $1,120,000 after buying an additional 104 shares during the period. Finally, Quotient Investors LLC raised its position in United Parcel Service by 10.9% in the first quarter. Quotient Investors LLC now owns 5,100 shares of the transportation company’s stock worth $547,000 after buying an additional 500 shares during the period. Institutional investors and hedge funds own 52.93% of the company’s stock.

United Parcel Service, Inc. (UPS) traded up 0.30% during mid-day trading on Monday, hitting $113.74. The stock had a trading volume of 281,884 shares. United Parcel Service, Inc. has a one year low of $102.12 and a one year high of $120.44. The stock has a market cap of $98.50 billion, a P/E ratio of 27.97 and a beta of 0.88. The company has a 50 day moving average price of $112.04 and a 200 day moving average price of $108.21.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.12. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. The business had revenue of $15.75 billion for the quarter, compared to analyst estimates of $15.49 billion. During the same period in the previous year, the business earned $1.43 EPS. The firm’s revenue was up 7.7% on a year-over-year basis. On average, equities analysts anticipate that United Parcel Service, Inc. will post $6.01 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Monday, August 14th will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.32 annualized dividend and a dividend yield of 2.93%. United Parcel Service’s dividend payout ratio (DPR) is currently 81.57%.

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A number of research analysts recently issued reports on the company. Robert W. Baird reiterated a “hold” rating and issued a $118.00 target price on shares of United Parcel Service in a report on Friday. Credit Suisse Group reiterated a “neutral” rating and issued a $108.00 target price on shares of United Parcel Service in a report on Tuesday, August 15th. BidaskClub upgraded United Parcel Service from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. Citigroup Inc. upgraded United Parcel Service from a “neutral” rating to a “buy” rating and lifted their target price for the company from $115.00 to $128.00 in a report on Tuesday, August 8th. Finally, TheStreet upgraded United Parcel Service from a “c” rating to a “b” rating in a report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $114.80.

In other news, insider James J. Barber sold 3,556 shares of United Parcel Service stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $110.85, for a total transaction of $394,182.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Kathleen M. Gutmann sold 2,000 shares of United Parcel Service stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $107.49, for a total transaction of $214,980.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,255 shares of company stock worth $2,628,619. 0.59% of the stock is owned by company insiders.

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.

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

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