Genovese Burford & Brothers Wealth & Retirement Plan Management LLC Lifted Holding in United Parcel Service, Inc. (UPS)

Genovese Burford & Brothers Wealth & Retirement Plan Management LLC Lifted Holding in United Parcel Service, Inc. (UPS)

Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.3% during the first quarter, according to its most recent filing with the SEC. The fund owned 1,477 shares of the transportation company’s stock after buying an additional 4 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC’s holdings in United Parcel Service were worth $159,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. iAB Financial Bank raised its stake in shares of United Parcel Service by 2.9% in the first quarter. iAB Financial Bank now owns 8,850 shares of the transportation company’s stock valued at $950,000 after buying an additional 250 shares in the last quarter. First Merchants Corp raised its stake in shares of United Parcel Service by 2.4% in the first quarter. First Merchants Corp now owns 6,946 shares of the transportation company’s stock valued at $746,000 after buying an additional 165 shares in the last quarter. Clarkston Capital Partners LLC raised its stake in shares of United Parcel Service by 7.9% in the first quarter. Clarkston Capital Partners LLC now owns 192,019 shares of the transportation company’s stock valued at $20,604,000 after buying an additional 14,075 shares in the last quarter. Trust Co. of Toledo NA OH raised its stake in shares of United Parcel Service by 1.7% in the third quarter. Trust Co. of Toledo NA OH now owns 14,977 shares of the transportation company’s stock valued at $1,638,000 after buying an additional 249 shares in the last quarter. Finally, Oak Associates Ltd. OH raised its stake in shares of United Parcel Service by 12.3% in the third quarter. Oak Associates Ltd. OH now owns 161,747 shares of the transportation company’s stock valued at $17,430,000 after buying an additional 17,683 shares in the last quarter. 53.19% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service, Inc. (NYSE UPS) opened at 107.66 on Friday. The firm’s 50 day moving average price is $105.69 and its 200-day moving average price is $109.85. United Parcel Service, Inc. has a 1-year low of $101.95 and a 1-year high of $120.44. The stock has a market cap of $93.42 billion, a price-to-earnings ratio of 27.50 and a beta of 0.91.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, April 27th. The transportation company reported $1.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.03. United Parcel Service had a net margin of 5.63% and a return on equity of 193.90%. The firm had revenue of $15.32 billion for the quarter, compared to the consensus estimate of $15.19 billion. During the same quarter in the previous year, the firm posted $1.27 EPS. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. On average, equities analysts anticipate that United Parcel Service, Inc. will post $5.95 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 31st. Investors of record on Monday, May 15th were paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 3.08%. The ex-dividend date was Thursday, May 11th. United Parcel Service’s dividend payout ratio (DPR) is 80.62%.

Several brokerages have recently commented on UPS. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $116.00 price objective on shares of United Parcel Service in a report on Friday, May 19th. TheStreet lowered United Parcel Service from an “a-” rating to a “c” rating in a report on Thursday, February 2nd. Aegis upgraded United Parcel Service from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a report on Wednesday, February 8th. They noted that the move was a valuation call. Zacks Investment Research upgraded United Parcel Service from a “sell” rating to a “hold” rating in a report on Tuesday, March 7th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $115.00 price objective on shares of United Parcel Service in a report on Wednesday, February 22nd. One analyst has rated the stock with a sell rating, ten 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 an average target price of $114.00.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “UPS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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