Chicago Partners Investment Group LLC Sells 1,167 Shares of United Parcel Service, Inc. (NYSE:UPS)

Chicago Partners Investment Group LLC cut its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 37.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,933 shares of the transportation company’s stock after selling 1,167 shares during the period. Chicago Partners Investment Group LLC’s holdings in United Parcel Service were worth $207,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake in shares of United Parcel Service by 0.3% in the first quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,477 shares of the transportation company’s stock worth $159,000 after buying an additional 4 shares during the last quarter. Weatherly Asset Management L. P. boosted its stake in shares of United Parcel Service by 0.4% in the first quarter. Weatherly Asset Management L. P. now owns 4,159 shares of the transportation company’s stock worth $446,000 after buying an additional 15 shares during the last quarter. Bollard Group LLC boosted its stake in shares of United Parcel Service by 0.8% in the first quarter. Bollard Group LLC now owns 2,222 shares of the transportation company’s stock worth $238,000 after buying an additional 17 shares during the last quarter. Cadence Bank NA boosted its stake in shares of United Parcel Service by 1.0% in the first quarter. Cadence Bank NA now owns 2,534 shares of the transportation company’s stock worth $272,000 after buying an additional 25 shares during the last quarter. Finally, Trust Department MB Financial Bank N A boosted its stake in shares of 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 last quarter. Institutional investors own 52.90% of the company’s stock.

United Parcel Service, Inc. (NYSE UPS) opened at 113.34 on Friday. The stock has a market capitalization of $98.15 billion, a PE ratio of 27.87 and a beta of 0.88. The firm has a 50-day moving average of $111.59 and a 200-day moving average of $107.96. United Parcel Service, Inc. has a one year low of $102.12 and a one year high of $120.44.

United Parcel Service (NYSE:UPS) last released 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 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 quarter in the previous year, the business earned $1.43 earnings per share. The firm’s revenue was up 7.7% compared to the same quarter last year. On average, equities research analysts forecast that United Parcel Service, Inc. will post $6.01 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Monday, August 14th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Thursday, August 10th. United Parcel Service’s payout ratio is presently 81.57%.

ILLEGAL ACTIVITY WARNING: This story was first published by Community Financial News and is the property of of Community Financial News. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright laws. The original version of this story can be read at https://www.com-unik.info/2017/08/19/united-parcel-service-inc-nyseups-shares-sold-by-chicago-partners-investment-group-llc-updated.html.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of United Parcel Service from a “hold” rating to a “sell” rating in a report on Monday, July 17th. BidaskClub raised shares of United Parcel Service from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. Credit Suisse Group reissued a “neutral” rating and set a $108.00 price target on shares of United Parcel Service in a report on Tuesday. Citigroup Inc. raised 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 report on Tuesday, August 8th. Finally, Cowen and Company reissued a “hold” rating on shares of United Parcel Service in a report on Wednesday, July 19th. Two investment 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’s stock. United Parcel Service currently has an average rating of “Hold” and a consensus price target of $114.57.

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

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.

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

What are top analysts saying about United Parcel Service Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for United Parcel Service Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit