3,068 Shares in United Parcel Service, Inc. (UPS) Purchased by Smith Chas P & Associates PA Cpas

Smith Chas P & Associates PA Cpas purchased a new stake in shares of United Parcel Service, Inc. (NYSE:UPS) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 3,068 shares of the transportation company’s stock, valued at approximately $339,000.

Several other hedge funds have also made changes to their positions in UPS. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its holdings in United Parcel Service by 0.3% during the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,482 shares of the transportation company’s stock worth $163,000 after acquiring an additional 5 shares during the period. Founders Capital Management increased its holdings in United Parcel Service by 0.3% during the 2nd quarter. Founders Capital Management now owns 5,367 shares of the transportation company’s stock worth $594,000 after acquiring an additional 15 shares during the period. Bollard Group LLC increased its holdings in United Parcel Service by 0.8% during the 2nd quarter. Bollard Group LLC now owns 2,239 shares of the transportation company’s stock worth $248,000 after acquiring an additional 17 shares during the period. Guardian Life Insurance Co. of America increased its holdings in United Parcel Service by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,659 shares of the transportation company’s stock worth $285,000 after acquiring an additional 18 shares during the period. Finally, Conservest Capital Advisors Inc. increased its holdings in United Parcel Service by 0.8% during the 2nd quarter. Conservest Capital Advisors Inc. now owns 2,913 shares of the transportation company’s stock worth $322,000 after acquiring an additional 23 shares during the period. Institutional investors own 52.86% of the company’s stock.

United Parcel Service, Inc. (NYSE:UPS) opened at 117.68 on Wednesday. United Parcel Service, Inc. has a one year low of $102.12 and a one year high of $120.80. The company has a market cap of $101.91 billion, a price-to-earnings ratio of 28.94 and a beta of 0.90. The stock has a 50 day moving average of $117.23 and a 200-day moving average of $110.85.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, July 27th. The transportation company reported $1.58 EPS for the quarter, topping the 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 firm had revenue of $15.75 billion for the quarter, compared to the consensus estimate of $15.49 billion. During the same quarter in the previous year, the firm earned $1.43 earnings per share. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, equities analysts predict that United Parcel Service, Inc. will post $6.01 EPS for the current fiscal year.

A number of analysts recently weighed in on UPS shares. BidaskClub raised shares of United Parcel Service from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Cowen and Company reaffirmed a “hold” rating on shares of United Parcel Service in a report on Wednesday, July 19th. Robert W. Baird reaffirmed a “hold” rating and set a $118.00 target price on shares of United Parcel Service in a report on Friday, August 25th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $127.00 target price on shares of United Parcel Service in a report on Monday, July 3rd. Finally, Zacks Investment Research lowered shares of United Parcel Service from a “hold” rating to a “sell” rating in a report on Monday, July 17th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $117.25.

WARNING: This story was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another domain, it was stolen and reposted in violation of United States & international copyright law. The original version of this story can be accessed at https://ledgergazette.com/2017/10/18/3068-shares-in-united-parcel-service-inc-ups-purchased-by-smith-chas-p-associates-pa-cpas.html.

In related news, EVP Alan Gershenhorn sold 17,699 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $114.10, for a total v

Several other hedge funds have also made changes to their positions in UPS. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its holdings in United Parcel Service by 0.3% during the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,482 shares of the transportation company’s stock worth $163,000 after acquiring an additional 5 shares during the period. Founders Capital Management increased its holdings in United Parcel Service by 0.3% during the 2nd quarter. Founders Capital Management now owns 5,367 shares of the transportation company’s stock worth $594,000 after acquiring an additional 15 shares during the period. Bollard Group LLC increased its holdings in United Parcel Service by 0.8% during the 2nd quarter. Bollard Group LLC now owns 2,239 shares of the transportation company’s stock worth $248,000 after acquiring an additional 17 shares during the period. Guardian Life Insurance Co. of America increased its holdings in United Parcel Service by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,659 shares of the transportation company’s stock worth $285,000 after acquiring an additional 18 shares during the period. Finally, Conservest Capital Advisors Inc. increased its holdings in United Parcel Service by 0.8% during the 2nd quarter. Conservest Capital Advisors Inc. now owns 2,913 shares of the transportation company’s stock worth $322,000 after acquiring an additional 23 shares during the period. Institutional investors own 52.86% of the company’s stock.

United Parcel Service, Inc. (NYSE:UPS) opened at 117.68 on Wednesday. United Parcel Service, Inc. has a one year low of $102.12 and a one year high of $120.80. The company has a market cap of $101.91 billion, a price-to-earnings ratio of 28.94 and a beta of 0.90. The stock has a 50 day moving average of $117.23 and a 200-day moving average of $110.85.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, July 27th. The transportation company reported $1.58 EPS for the quarter, topping the 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 firm had revenue of $15.75 billion for the quarter, compared to the consensus estimate of $15.49 billion. During the same quarter in the previous year, the firm earned $1.43 earnings per share. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, equities analysts predict that United Parcel Service, Inc. will post $6.01 EPS for the current fiscal year.

A number of analysts recently weighed in on UPS shares. BidaskClub raised shares of United Parcel Service from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Cowen and Company reaffirmed a “hold” rating on shares of United Parcel Service in a report on Wednesday, July 19th. Robert W. Baird reaffirmed a “hold” rating and set a $118.00 target price on shares of United Parcel Service in a report on Friday, August 25th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $127.00 target price on shares of United Parcel Service in a report on Monday, July 3rd. Finally, Zacks Investment Research lowered shares of United Parcel Service from a “hold” rating to a “sell” rating in a report on Monday, July 17th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $117.25.

WARNING: This story was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another domain, it was stolen and reposted in violation of United States & international copyright law. The original version of this story can be accessed at https://ledgergazette.com/2017/10/18/3068-shares-in-united-parcel-service-inc-ups-purchased-by-smith-chas-p-associates-pa-cpas.html.

In related news, EVP Alan Gershenhorn sold 17,699 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $114.10, for a total value of $2,019,455.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider James J. Barber sold 3,556 shares of the business’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $110.85, for a total transaction of $394,182.60. The disclosure for this sale can be found here. 0.59% of the stock is currently owned by insiders.

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)

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