Boston Financial Mangement LLC Has $517,000 Holdings in United Parcel Service, Inc. (NYSE:UPS)

Boston Financial Mangement LLC cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 21.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,676 shares of the transportation company’s stock after selling 1,260 shares during the quarter. Boston Financial Mangement LLC’s holdings in United Parcel Service were worth $517,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its holdings in shares of United Parcel Service by 0.3% in the 1st quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,477 shares of the transportation company’s stock valued at $159,000 after purchasing an additional 4 shares during the period. Weatherly Asset Management L. P. raised its holdings in shares of United Parcel Service by 0.4% in the 1st quarter. Weatherly Asset Management L. P. now owns 4,159 shares of the transportation company’s stock valued at $446,000 after purchasing an additional 15 shares during the period. Founders Capital Management raised its holdings in shares of United Parcel Service by 0.3% in the 2nd quarter. Founders Capital Management now owns 5,367 shares of the transportation company’s stock valued at $594,000 after purchasing an additional 15 shares during the period. Bollard Group LLC raised its holdings in shares of United Parcel Service by 0.8% in the 2nd quarter. Bollard Group LLC now owns 2,239 shares of the transportation company’s stock valued at $248,000 after purchasing an additional 17 shares during the period. Finally, Guardian Life Insurance Co. of America grew its stake in United Parcel Service by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,659 shares of the transportation company’s stock valued at $285,000 after buying an additional 18 shares during the last quarter. 52.94% of the stock is currently owned by hedge funds and other institutional investors.

In other United Parcel Service news, EVP Alan Gershenhorn sold 17,699 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total value of $2,019,455.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James J. Barber sold 3,556 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $110.85, for a total value of $394,182.60. The disclosure for this sale can be found here. Insiders own 0.59% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Boston Financial Mangement LLC Has $517,000 Holdings in United Parcel Service, Inc. (NYSE:UPS)” was originally reported by BBNS and is owned by of BBNS. If you are accessing this article on another site, it was stolen and republished in violation of US and international trademark & copyright laws. The original version of this article can be read at https://baseballnewssource.com/markets/united-parcel-service-inc-ups-shares-sold-by-boston-financial-mangement-llc/1608838.html.

United Parcel Service, Inc. (NYSE:UPS) opened at 117.90 on Friday. The stock’s 50 day moving average is $113.62 and its 200-day moving average is $109.06. United Parcel Service, Inc. has a one year low of $102.12 and a one year high of $120.44. The firm has a market capitalization of $102.10 billion, a PE ratio of 28.99 and a beta of 0.88.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, July 27th. The transportation company reported $1.58 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 firm had revenue of $15.75 billion for the quarter, compared to analyst estimates of $15.49 billion. During the same quarter in the prior year, the firm earned $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, analysts anticipate that United Parcel Service, Inc. will post $6.01 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 30th. Shareholders of record on Monday, August 14th were issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend was Thursday, August 10th. United Parcel Service’s payout ratio is presently 81.57%.

A number of brokerages recently commented on UPS. Zacks Investment Research lowered shares of United Parcel Service from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. BidaskClub upgraded shares of United Parcel Service from a “strong sell” rating to a “sell” rating in a research report on Friday, August 11th. Credit Suisse Group reiterated a “neutral” rating and set a $108.00 price target on shares of United Parcel Service in a research report on Tuesday, August 15th. Citigroup Inc. upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and increased their price target for the stock from $115.00 to $128.00 in a research report on Tuesday, August 8th. Finally, Cowen and Company reiterated a “hold” rating on shares of United Parcel Service in a research report on Wednesday, July 19th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the stock. United Parcel Service currently has a consensus rating of “Hold” and an average price target of $114.80.

United Parcel Service 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

Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22
Tigers Player Might Play All Nine Positions During Same Game
Tigers Player Might Play All Nine Positions During Same Game
Fans Kicked Out of Fenway Park After Racist Banner Hung on Green Monster
Fans Kicked Out of Fenway Park After Racist Banner Hung on Green Monster
Dodgers End Losing Streak at 11 Behind Ace Clayton Kershaw
Dodgers End Losing Streak at 11 Behind Ace Clayton Kershaw
Cleveland Indians Winning Streak Reaches 18
Cleveland Indians Winning Streak Reaches 18


Leave a Reply

 
© 2006-2017 BBNS.