United Parcel Service, Inc. (UPS) Stake Lowered by Beaumont Financial Partners LLC

Beaumont Financial Partners LLC reduced its holdings in United Parcel Service, Inc. (NYSE:UPS) by 5.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,808 shares of the transportation company’s stock after selling 203 shares during the quarter. Beaumont Financial Partners LLC’s holdings in United Parcel Service were worth $421,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its holdings in shares of United Parcel Service by 0.3% in the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,482 shares of the transportation company’s stock valued at $163,000 after buying an additional 5 shares during the period. Founders Capital Management lifted 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 buying an additional 15 shares during the period. Bollard Group LLC lifted 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 buying an additional 17 shares during the period. Guardian Life Insurance Co. of America lifted its holdings in shares of 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 period. Finally, Conservest Capital Advisors Inc. lifted its holdings in shares of United Parcel Service by 0.8% in the 2nd quarter. Conservest Capital Advisors Inc. now owns 2,913 shares of the transportation company’s stock valued at $322,000 after buying an additional 23 shares during the period. 53.07% of the stock is owned by institutional investors and hedge funds.

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In other news, EVP Alan Gershenhorn sold 17,699 shares of United Parcel Service stock in a transaction 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 is available at this link. 0.59% of the stock is owned by insiders.

Several analysts have recently commented on UPS shares. Zacks Investment Research cut United Parcel Service from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Goldman Sachs Group, Inc. (The) initiated coverage on United Parcel Service in a report on Monday. They set a “buy” rating and a $148.00 price objective for the company. TheStreet raised United Parcel Service from a “c” rating to a “b” rating in a report on Thursday, July 27th. Cowen and Company reaffirmed a “hold” rating on shares of United Parcel Service in a report on Tuesday, September 26th. Finally, BidaskClub cut United Parcel Service from a “hold” rating to a “sell” rating in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the stock. United Parcel Service has a consensus rating of “Hold” and a consensus target price of $120.74.

United Parcel Service, Inc. (UPS) opened at $114.07 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 9.33. The firm has a market capitalization of $98,935.22, a price-to-earnings ratio of 19.20, a price-to-earnings-growth ratio of 2.06 and a beta of 0.92. United Parcel Service, Inc. has a 1 year low of $102.12 and a 1 year high of $121.75.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, October 26th. The transportation company reported $1.45 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.45. The business had revenue of $15.98 billion during the quarter, compared to the consensus estimate of $15.62 billion. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.44 earnings per share. sell-side analysts forecast that United Parcel Service, Inc. will post 6.01 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Friday, November 10th. United Parcel Service’s dividend payout ratio is currently 81.37%.

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)

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