Everett Harris & Company Has Cut Its United Parcel Service (UPS) Stake by $1.46 Million; Share Value Declined; As Dominion Diamond Com (DDC) Stock Price Rose, Gabelli Securities Has Upped by $1.98 Million Its Holding

February 25, 2018 - By Henry Gaston

Everett Harris & Company decreased its stake in United Parcel Service (UPS) by 1.36% based on its latest 2017Q3 regulatory filing with the SEC. Everett Harris & Company sold 12,140 shares as the company’s stock declined 3.26% while stock markets rallied. The institutional investor held 878,629 shares of the transportation company at the end of 2017Q3, valued at $105.52 million, down from 890,769 at the end of the previous reported quarter. Everett Harris & Company who had been investing in United Parcel Service for a number of months, seems to be less bullish one the $90.73B market cap company. The stock increased 0.50% or $0.53 during the last trading session, reaching $105.61. About 4.42 million shares traded. United Parcel Service, Inc. (NYSE:UPS) has risen 2.10% since February 25, 2017 and is uptrending. It has underperformed by 14.60% the S&P500.

Gabelli Securities Inc increased its stake in Dominion Diamond Corp Com (DDC) by 30.47% based on its latest 2017Q3 regulatory filing with the SEC. Gabelli Securities Inc bought 141,150 shares as the company’s stock rose 28.76% with the market. The hedge fund held 604,392 shares of the precious metals company at the end of 2017Q3, valued at $8.57 million, up from 463,242 at the end of the previous reported quarter. Gabelli Securities Inc who had been investing in Dominion Diamond Corp Com for a number of months, seems to be bullish on the $ market cap company. The stock decreased 0.07% or $0.01 during the last trading session, reaching $14.24. About 988,206 shares traded or Infinity% up from the average. Dominion Diamond Corporation (NYSE:DDC) has risen 25.12% since February 25, 2017 and is uptrending. It has outperformed by 8.42% the S&P500.

Among 5 analysts covering Dominion Diamond Corp (NYSE:DDC), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. Dominion Diamond Corp had 20 analyst reports since August 25, 2015 according to SRatingsIntel. RBC Capital Markets maintained Dominion Diamond Corporation (NYSE:DDC) on Tuesday, September 5 with “Hold” rating. The stock has “Neutral” rating by Citigroup on Wednesday, July 19. RBC Capital Markets maintained it with “Hold” rating and $1200 target in Tuesday, June 20 report. As per Thursday, October 12, the company rating was maintained by RBC Capital Markets. The stock of Dominion Diamond Corporation (NYSE:DDC) has “Sell” rating given on Monday, August 31 by Zacks. The company was upgraded on Tuesday, August 25 by Zacks. The firm earned “Sector Perform” rating on Monday, June 13 by RBC Capital Markets. The firm has “Market Perform” rating given on Tuesday, July 18 by BMO Capital Markets. The firm has “Buy” rating by Gabelli given on Monday, April 3. On Tuesday, July 18 the stock rating was maintained by RBC Capital Markets with “Hold”.

Gabelli Securities Inc, which manages about $1.30B and $867.10M US Long portfolio, decreased its stake in Sciclone Pharmaceuticals Incco (NASDAQ:SCLN) by 35,000 shares to 67,261 shares, valued at $753,000 in 2017Q3, according to the filing. It also reduced its holding in Incyte Genomics Inc Com (NASDAQ:INCY) by 14,900 shares in the quarter, leaving it with 14,200 shares, and cut its stake in Pandora Media Inc Com (NYSE:P).

Among 24 analysts covering United Parcel Service (NYSE:UPS), 9 have Buy rating, 1 Sell and 14 Hold. Therefore 38% are positive. United Parcel Service had 69 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of United Parcel Service, Inc. (NYSE:UPS) has “Hold” rating given on Thursday, February 1 by Susquehanna. The stock of United Parcel Service, Inc. (NYSE:UPS) earned “Hold” rating by Robert W. Baird on Friday, October 27. Stephens maintained United Parcel Service, Inc. (NYSE:UPS) rating on Monday, January 8. Stephens has “Hold” rating and $147.0 target. The company was maintained on Thursday, February 1 by BMO Capital Markets. As per Monday, December 11, the company rating was maintained by Morgan Stanley. The firm has “Neutral” rating by JP Morgan given on Thursday, October 12. The firm has “Hold” rating given on Thursday, July 27 by Stifel Nicolaus. The stock of United Parcel Service, Inc. (NYSE:UPS) earned “Buy” rating by Deutsche Bank on Monday, January 8. Cowen & Co maintained it with “Hold” rating and $115.0 target in Monday, September 25 report. The firm has “Neutral” rating given on Friday, October 27 by UBS.

Analysts await United Parcel Service, Inc. (NYSE:UPS) to report earnings on April, 26. They expect $1.54 EPS, up 16.67% or $0.22 from last year’s $1.32 per share. UPS’s profit will be $1.32B for 17.14 P/E if the $1.54 EPS becomes a reality. After $1.67 actual EPS reported by United Parcel Service, Inc. for the previous quarter, Wall Street now forecasts -7.78% negative EPS growth.

Everett Harris & Company, which manages about $6.37B and $3.33 billion US Long portfolio, upped its stake in Spectra Energy Partners Lp (NYSE:SEP) by 11,950 shares to 106,293 shares, valued at $4.72M in 2017Q3, according to the filing. It also increased its holding in Ishares Core Msci Emerging Mar (IEMG) by 147,275 shares in the quarter, for a total of 1.71M shares, and has risen its stake in Microsoft Corp. (NASDAQ:MSFT).

Investors sentiment increased to 1.14 in 2017 Q3. Its up 0.09, from 1.05 in 2017Q2. It is positive, as 46 investors sold UPS shares while 390 reduced holdings. 104 funds opened positions while 395 raised stakes. 451.38 million shares or 0.77% more from 447.95 million shares in 2017Q2 were reported. First Fincl Corporation In invested in 6,252 shares. Wade G W And has invested 1.33% in United Parcel Service, Inc. (NYSE:UPS). New York-based Nbt Bancshares N A Ny has invested 0.16% in United Parcel Service, Inc. (NYSE:UPS). Lowe Brockenbrough Inc has invested 0.23% of its portfolio in United Parcel Service, Inc. (NYSE:UPS). Mariner Wealth Advisors Limited owns 168,387 shares. Advsrs Asset Management holds 0.21% or 102,955 shares in its portfolio. Moreover, Luminus Mgmt Lc has 2.12% invested in United Parcel Service, Inc. (NYSE:UPS) for 665,725 shares. Palouse Mgmt invested in 0.91% or 22,720 shares. Primecap Mngmt Co Ca owns 3.75M shares. Supplemental Annuity Collective Trust Of Nj accumulated 12,859 shares. Gam Holdg Ag reported 29,583 shares. Vident Inv Advisory Ltd Liability has invested 0.05% in United Parcel Service, Inc. (NYSE:UPS). Raymond James Associate invested 0.33% in United Parcel Service, Inc. (NYSE:UPS). Miller Investment Management LP has invested 0.72% in United Parcel Service, Inc. (NYSE:UPS). Horrell Cap Incorporated accumulated 28,070 shares.

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By1 Henry Gaston

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