United Parcel Service, Inc. (NYSE:UPS) Position Boosted by Nicholas Hoffman & Company LLC.

Nicholas Hoffman & Company LLC. increased its position in United Parcel Service, Inc. (NYSE:UPS) by 246.4% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 12,077 shares of the transportation company’s stock after buying an additional 8,591 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in United Parcel Service were worth $1,296,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Flinton Capital Management LLC acquired a new position in shares of United Parcel Service during the fourth quarter valued at about $1,011,000. Sand Hill Global Advisors LLC boosted its position in shares of United Parcel Service by 0.4% in the fourth quarter. Sand Hill Global Advisors LLC now owns 37,672 shares of the transportation company’s stock valued at $4,319,000 after buying an additional 155 shares during the period. Cantab Capital Partners LLP purchased a new stake in United Parcel Service during the fourth quarter valued at $533,000. Baillie Gifford & Co. boosted its stake in United Parcel Service by 3.2% in the fourth quarter. Baillie Gifford & Co. now owns 207,840 shares of the transportation company’s stock valued at $23,827,000 after buying an additional 6,468 shares during the period. Finally, Folger Hill Asset Management LP boosted its stake in United Parcel Service by 179.6% in the fourth quarter. Folger Hill Asset Management LP now owns 64,054 shares of the transportation company’s stock valued at $7,343,000 after buying an additional 41,142 shares during the period. Institutional investors and hedge funds own 53.10% of the company’s stock.

Shares of United Parcel Service, Inc. (NYSE:UPS) traded up 0.03% during midday trading on Tuesday, reaching $111.89. 2,809,476 shares of the company’s stock traded hands. The firm has a market capitalization of $96.78 billion, a PE ratio of 27.51 and a beta of 0.88. United Parcel Service, Inc. has a one year low of $102.12 and a one year high of $120.44. The stock’s 50-day moving average price is $110.81 and its 200 day moving average price is $108.17.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Monday, August 14th will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date is Thursday, August 10th. United Parcel Service’s payout ratio is presently 81.57%.

WARNING: This article was first posted by BBNS and is the property of of BBNS. If you are viewing this article on another website, it was illegally copied and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this article can be accessed at https://baseballnewssource.com/markets/nicholas-hoffman-company-llc-raises-position-in-united-parcel-service-inc-nyseups-updated-updated-updated/1196018.html.

Several research firms have recently weighed in on UPS. Citigroup Inc. upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $115.00 to $128.00 in a research report on Tuesday. BidaskClub raised shares of United Parcel Service from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Cowen and Company reissued a “hold” rating on shares of United Parcel Service in a research note on Wednesday, July 19th. Seaport Global Securities assumed coverage on shares of United Parcel Service in a research note on Tuesday, June 6th. They set a “neutral” rating on the stock. Finally, Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $116.00 price objective on shares of United Parcel Service in a research note on Friday, May 19th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $114.79.

In other news, insider James J. Barber sold 3,556 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $110.85, for a total value of $394,182.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kathleen M. Gutmann sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $107.49, for a total value of $214,980.00. The disclosure for this sale can be found here. Insiders own 0.59% of the company’s stock.

United Parcel Service Company Profile

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)

Receive News & Ratings for United Parcel Service Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Parcel Service Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Los Angeles Dodgers Alex Wood Has Shoulder Inflammation
Los Angeles Dodgers Alex Wood Has Shoulder Inflammation
Blues Jays Ready to Take Flight
Blues Jays Ready to Take Flight
Umpires Ending Protest Over Incident With Ian Kinsler
Umpires Ending Protest Over Incident With Ian Kinsler
Kris Bryant Back in Spotlight, Cubs Pushing for Playoff Berth
Kris Bryant Back in Spotlight, Cubs Pushing for Playoff Berth
Despite Changes to Reduce The Length of Games, MLB Games are Actually Getting Longer
Despite Changes to Reduce The Length of Games, MLB Games are Actually Getting Longer
Despite Hitting Home Run, Judge Sets Longest Game Streak for Strikeouts
Despite Hitting Home Run, Judge Sets Longest Game Streak for Strikeouts


Leave a Reply

 
© 2006-2017 BBNS.