FOURPOINTS Investment Managers S.A.S. Cuts Stake in United Parcel Service, Inc. (NYSE:UPS)

FOURPOINTS Investment Managers S.A.S. lowered its position in United Parcel Service, Inc. (NYSE:UPS) by 22.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,200 shares of the transportation company’s stock after selling 5,300 shares during the period. United Parcel Service accounts for about 2.0% of FOURPOINTS Investment Managers S.A.S.’s holdings, making the stock its 25th largest position. FOURPOINTS Investment Managers S.A.S.’s holdings in United Parcel Service were worth $1,953,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tompkins Financial Corp increased its position in United Parcel Service by 8.1% in the first quarter. Tompkins Financial Corp now owns 1,001 shares of the transportation company’s stock worth $106,000 after buying an additional 75 shares in the last quarter. First PREMIER Bank increased its position in United Parcel Service by 11.1% in the first quarter. First PREMIER Bank now owns 997 shares of the transportation company’s stock worth $107,000 after buying an additional 100 shares in the last quarter. Parkside Financial Bank & Trust increased its position in United Parcel Service by 17.3% in the first quarter. Parkside Financial Bank & Trust now owns 1,087 shares of the transportation company’s stock worth $116,000 after buying an additional 160 shares in the last quarter. Security National Trust Co. increased its position in United Parcel Service by 8.9% in the first quarter. Security National Trust Co. now owns 1,244 shares of the transportation company’s stock worth $134,000 after buying an additional 102 shares in the last quarter. Finally, Financial Architects Inc increased its position in United Parcel Service by 14.3% in the first quarter. Financial Architects Inc now owns 1,301 shares of the transportation company’s stock worth $140,000 after buying an additional 163 shares in the last quarter. Institutional investors and hedge funds own 53.10% of the company’s stock.

United Parcel Service, Inc. (NYSE:UPS) traded up 0.19% during trading on Thursday, reaching $111.79. The company’s stock had a trading volume of 311,918 shares. The stock’s 50 day moving average is $110.96 and its 200 day moving average is $108.07. United Parcel Service, Inc. has a 12 month low of $102.12 and a 12 month high of $120.44. The company has a market cap of $96.81 billion, a price-to-earnings ratio of 27.49 and a beta of 0.88.

United Parcel Service (NYSE:UPS) last posted 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 return on equity of 417.18% and a net margin of 5.68%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.43 earnings per share. On average, equities analysts expect that United Parcel Service, Inc. will post $6.01 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Monday, August 14th will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, August 10th. This represents a $3.32 annualized dividend and a dividend yield of 2.95%. United Parcel Service’s dividend payout ratio is currently 81.57%.

COPYRIGHT VIOLATION WARNING: “FOURPOINTS Investment Managers S.A.S. Cuts Stake in United Parcel Service, Inc. (NYSE:UPS)” was first reported by Ticker Report and is the sole property of of Ticker Report. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international copyright legislation. The legal version of this piece can be accessed at https://www.tickerreport.com/banking-finance/2800222/fourpoints-investment-managers-s-a-s-cuts-stake-in-united-parcel-service-inc-nyseups.html.

A number of research firms have weighed in on UPS. BidaskClub downgraded United Parcel Service from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Citigroup Inc. raised United Parcel Service from a “neutral” rating to a “buy” rating and raised their price objective for the company from $115.00 to $128.00 in a research report on Tuesday. TheStreet raised United Parcel Service from a “c” rating to a “b” rating in a research report on Thursday, July 27th. Zacks Investment Research cut United Parcel Service from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, Seaport Global Securities assumed coverage on United Parcel Service in a research report on Tuesday, June 6th. They issued a “neutral” rating for the company. 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 company presently has a consensus rating of “Hold” and a consensus price target of $114.79.

In related news, insider James J. Barber sold 3,556 shares of the stock in a transaction on Monday, July 31st. The stock was 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 available at the SEC website. Also, SVP Kathleen M. Gutmann sold 2,000 shares of the stock in a transaction 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. Corporate 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.

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

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.