Baystate Wealth Management LLC cut its stake in United Parcel Service, Inc. (NYSE:UPS) by 1.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,537 shares of the transportation company’s stock after selling 68 shares during the period. Baystate Wealth Management LLC’s holdings in United Parcel Service were worth $369,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in UPS. Tompkins Financial Corp increased its position in United Parcel Service by 8.1% in the first quarter. Tompkins Financial Corp now owns 1,001 shares of the transportation company’s stock valued at $106,000 after buying an additional 75 shares during the period. First PREMIER Bank increased its position in United Parcel Service by 11.1% in the first quarter. First PREMIER Bank now owns 997 shares of the transportation company’s stock valued at $107,000 after buying an additional 100 shares during the period. Lombard Odier & Cie Canada Limited Partnership acquired a new position in United Parcel Service during the third quarter valued at approximately $120,000. Hirtle Callaghan & Co LLC acquired a new position in United Parcel Service during the third quarter valued at approximately $123,000. Finally, Financial Architects Inc increased its position in United Parcel Service by 21.6% in the third quarter. Financial Architects Inc now owns 1,136 shares of the transportation company’s stock valued at $124,000 after buying an additional 202 shares during the period. 53.67% of the stock is owned by institutional investors.
United Parcel Service, Inc. (NYSE:UPS) traded up 0.30% during mid-day trading on Friday, hitting $110.59. 4,107,588 shares of the stock traded hands. The company’s 50 day moving average is $106.48 and its 200 day moving average is $109.41. United Parcel Service, Inc. has a 12 month low of $102.12 and a 12 month high of $120.44. The company has a market cap of $95.97 billion, a P/E ratio of 28.25 and a beta of 0.89.
United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, April 27th. The transportation company reported $1.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.03. United Parcel Service had a net margin of 5.60% and a return on equity of 320.39%. The firm had revenue of $15.32 billion during the quarter, compared to analyst estimates of $15.19 billion. During the same quarter in the prior year, the business earned $1.27 earnings per share. United Parcel Service’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, analysts expect that United Parcel Service, Inc. will post $5.95 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, May 31st. Investors of record on Monday, May 15th were given a dividend of $0.83 per share. The ex-dividend date was Thursday, May 11th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 3.00%. United Parcel Service’s dividend payout ratio is 84.69%.
Several research analysts recently commented on the stock. Bank of America Corporation downgraded shares of United Parcel Service from a “buy” rating to a “neutral” rating and set a $114.00 price objective for the company. in a report on Wednesday, February 22nd. Aegis reaffirmed a “buy” rating on shares of United Parcel Service in a report on Thursday, February 23rd. Morgan Stanley cut their price objective on shares of United Parcel Service to $77.00 in a report on Wednesday, February 22nd. BMO Capital Markets reaffirmed a “market perform” rating and issued a $115.00 price objective on shares of United Parcel Service in a report on Wednesday, February 22nd. Finally, Zacks Investment Research raised shares of United Parcel Service from a “sell” rating to a “hold” rating in a report on Saturday, March 25th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $114.00.
In related news, SVP Kathleen M. Gutmann sold 2,000 shares of the company’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $107.49, for a total transaction of $214,980.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.59% of the stock is currently owned by corporate 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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