Neville Rodie & Shaw Inc. Sells 357 Shares of United Parcel Service, Inc. (UPS)

Neville Rodie & Shaw Inc. decreased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 0.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 60,539 shares of the transportation company’s stock after selling 357 shares during the quarter. Neville Rodie & Shaw Inc.’s holdings in United Parcel Service were worth $6,695,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. lifted its position in United Parcel Service by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 47,140,675 shares of the transportation company’s stock valued at $5,058,196,000 after acquiring an additional 1,030,326 shares in the last quarter. BlackRock Inc. lifted its position in United Parcel Service by 2,550.9% in the 1st quarter. BlackRock Inc. now owns 45,051,373 shares of the transportation company’s stock valued at $4,834,013,000 after acquiring an additional 43,351,873 shares in the last quarter. Wellington Management Group LLP lifted its position in United Parcel Service by 4.0% in the 1st quarter. Wellington Management Group LLP now owns 29,387,614 shares of the transportation company’s stock valued at $3,153,291,000 after acquiring an additional 1,117,802 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in United Parcel Service by 5.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 24,295,470 shares of the transportation company’s stock valued at $2,606,905,000 after acquiring an additional 1,246,981 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its position in United Parcel Service by 10.0% in the 1st quarter. Clearbridge Investments LLC now owns 6,520,411 shares of the transportation company’s stock valued at $699,640,000 after acquiring an additional 593,756 shares in the last quarter. 52.94% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “Neville Rodie & Shaw Inc. Sells 357 Shares of United Parcel Service, Inc. (UPS)” was first published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark legislation. The correct version of this piece of content can be viewed at https://www.chaffeybreeze.com/2017/09/16/neville-rodie-shaw-inc-sells-357-shares-of-united-parcel-service-inc-ups.html.

Shares of United Parcel Service, Inc. (UPS) traded up 0.44% during midday trading on Friday, hitting $117.90. 3,411,257 shares of the stock traded hands. United Parcel Service, Inc. has a 52 week low of $102.12 and a 52 week high of $120.44. The company’s 50-day moving average is $113.62 and its 200 day moving average is $109.06. 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.12. The firm had revenue of $15.75 billion for the quarter, compared to the consensus estimate of $15.49 billion. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. The business’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.43 earnings per share. Analysts anticipate that United Parcel Service, Inc. will post $6.01 earnings per share for the current year.

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

Several brokerages recently weighed in on UPS. Credit Suisse Group reaffirmed a “neutral” rating and issued a $108.00 price target on shares of United Parcel Service in a research report on Tuesday, August 15th. Robert W. Baird reaffirmed a “hold” rating and issued a $118.00 price target on shares of United Parcel Service in a research report on Friday, August 25th. Zacks Investment Research cut shares of United Parcel Service from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. BidaskClub cut shares of United Parcel Service from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Finally, Citigroup Inc. raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and raised their price target for the company from $115.00 to $128.00 in a research report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. United Parcel Service currently has a consensus rating of “Hold” and a consensus target price of $114.80.

In other news, insider James J. Barber sold 3,556 shares of the company’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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Alan Gershenhorn sold 17,699 shares of the company’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 transaction of $2,019,455.90. The disclosure for this sale can be found here. Corporate 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.

Want to see what other hedge funds are holding UPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Parcel Service, Inc. (NYSE:UPS).

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 MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply