As American Express Co (AXP) Stock Price Declined, Shareholder Qv Investors Cut Its Position; As United Parcel Service Cl B (UPS) Stock Rose, Vestor Capital Has Lowered Stake

June 18, 2018 - By Vivian Currie

United Parcel Service, Inc. (NYSE:UPS) Logo

Vestor Capital Llc decreased its stake in United Parcel Service Inc Cl B (UPS) by 95.45% based on its latest 2018Q1 regulatory filing with the SEC. Vestor Capital Llc sold 17,396 shares as the company’s stock rose 6.87% while stock markets declined. The institutional investor held 830 shares of the transportation company at the end of 2018Q1, valued at $87,000, down from 18,226 at the end of the previous reported quarter. Vestor Capital Llc who had been investing in United Parcel Service Inc Cl B for a number of months, seems to be less bullish one the $100.60 billion market cap company. The stock decreased 0.02% or $0.02 during the last trading session, reaching $116.75. About 1.39M shares traded. United Parcel Service, Inc. (NYSE:UPS) has risen 9.01% since June 18, 2017 and is uptrending. It has underperformed by 3.56% the S&P500. Some Historical UPS News: 25/04/2018 – UPS – ANNOUNCED FURTHER ACTIONS WITHIN COMPANY’S ORGANIZATIONAL TRANSFORMATION INITIATIVES; 24/04/2018 – AMS SAYS UNNAMED BIG CONSUMER CUSTOMER IS PREPARING MAJOR RAMP-UPS IN H2 2018 FOR ITS OPTICAL SENSORS; 23/05/2018 – UPS SAYS GOAL IS TO PUSH LARGE ITEMS TO FREIGHT NETWORK; 04/05/2018 – Mackenzie Ivy Global Balanced Cuts UPS, Buys More Oracle; 20/04/2018 – 3U HOLDING TO SELL HANOVER PORTFOLIO; UPS 2018 EBITDA GUIDANCE; 09/04/2018 – S&PGR Ups ACI Worldwide To ‘BB’ On Performance, Low Leverage; 11/04/2018 – UPS Study: Purchases From Marketplaces Nearly Universal; Retail Now Global As E-Commerce Shoppers Cross Borders; 24/05/2018 – Russian AgroTech Start-Ups Will Get Acquainted With France; 24/05/2018 – UPS Launches New Technology To Optimize Field Inventory For Critical Medical Devices; 26/04/2018 – United Parcel Service Sees 2018 Capex $6.5 Billion-$7 Billion

Qv Investors Inc decreased its stake in American Express Co (AXP) by 7.3% based on its latest 2018Q1 regulatory filing with the SEC. Qv Investors Inc sold 45,140 shares as the company’s stock declined 0.53% with the market. The institutional investor held 572,849 shares of the consumer services company at the end of 2018Q1, valued at $53.44 million, down from 617,989 at the end of the previous reported quarter. Qv Investors Inc who had been investing in American Express Co for a number of months, seems to be less bullish one the $84.56 billion market cap company. The stock decreased 0.24% or $0.24 during the last trading session, reaching $98.28. About 2.42M shares traded. American Express Company (NYSE:AXP) has risen 30.55% since June 18, 2017 and is uptrending. It has outperformed by 17.98% the S&P500. Some Historical AXP News: 08/03/2018 – Is More of the Same Enough for American Express? — Heard on the Street; 12/03/2018 – EverCompliant Secures Strategic Investment From American Express Ventures to Help Fight Electronic Money Laundering; 14/05/2018 – AMERICAN EXPRESS CO FILES FOR POTENTIAL NOTES AND FLOATING NOTES DUE 2021, SIZE NOT DISCLOSED – SEC FILING; 15/03/2018 – AMERICAN EXPRESS, CONFERMA COLLABORATE ON CORPORATE TRAVEL; 18/04/2018 – AMERICAN EXPRESS CO – QTRLY CONSOLIDATED PROVISIONS FOR LOSSES WERE $775 MLN, UP 35 PERCENT FROM $573 MLN A YEAR AGO; 15/05/2018 – American Express USCS Card Member Net Write-off Rate, Principal Only, Was 2.3 % for April; 17/05/2018 – American Express Issues $1.2B of 3.375% Notes Due May 2021 and $800M Floating Rate Notes Due May 2021; 18/04/2018 – AMERICAN EXPRESS 1Q REV. $9.7B; 16/04/2018 – American Express to Offer New ‘Starwood Preferred Guest American Express Luxury Card’; 20/03/2018 – American Express: Attack Didn’t Compromise Platforms Card Members Use to Manage Accounts

Among 38 analysts covering American Express Company (NYSE:AXP), 13 have Buy rating, 3 Sell and 22 Hold. Therefore 34% are positive. American Express Company had 123 analyst reports since July 23, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, October 19 by Jefferies. On Monday, February 12 the stock rating was upgraded by Nomura to “Buy”. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Friday, July 14. The firm earned “Buy” rating on Tuesday, February 20 by Oppenheimer. Credit Suisse maintained the shares of AXP in report on Thursday, October 22 with “Underperform” rating. Keefe Bruyette & Woods downgraded American Express Company (NYSE:AXP) on Friday, January 22 to “Market Perform” rating. The rating was maintained by Susquehanna with “Buy” on Thursday, April 19. The firm has “Market Perform” rating by Wood given on Thursday, April 21. The company was maintained on Friday, January 22 by Oppenheimer. As per Friday, August 18, the company rating was maintained by Keefe Bruyette & Woods.

Since January 2, 2018, it had 0 insider buys, and 8 selling transactions for $12.05 million activity. Petrino Richard sold $1.02M worth of stock. CAMPBELL JEFFREY C also sold $889,103 worth of American Express Company (NYSE:AXP) shares. Shares for $1.32 million were sold by Bush James Peter on Thursday, February 1. $5.07 million worth of American Express Company (NYSE:AXP) shares were sold by Cox L Kevin. Another trade for 3,804 shares valued at $376,710 was sold by Buckminster Douglas E..

More important recent American Express Company (NYSE:AXP) news were published by: Benzinga.com which released: “Similar To Uber, eBay Network Effects Offer Big Upside” on June 08, 2018, also Globenewswire.com published article titled: “New Research: Key Drivers of Growth for Global Payments, Patterson-UTI Energy, Celanese, Westlake Chemical, Las …”, Fool.com published: “Better Buy: Berkshire Hathaway vs. American Express” on June 13, 2018. More interesting news about American Express Company (NYSE:AXP) was released by: Seekingalpha.com and their article: “China’s Huge Online Retail Market Opens Up To American Express” with publication date: May 31, 2018.

Investors sentiment decreased to 0.81 in Q1 2018. Its down 0.08, from 0.89 in 2017Q4. It worsened, as 52 investors sold AXP shares while 462 reduced holdings. 99 funds opened positions while 318 raised stakes. 695.82 million shares or 0.87% less from 701.90 million shares in 2017Q4 were reported. Investment House Ltd Llc accumulated 8,425 shares. Tci Wealth Advsrs invested in 4,283 shares or 0.19% of the stock. Baillie Gifford And Company accumulated 863,087 shares or 0.09% of the stock. Suntrust Banks has invested 0.09% in American Express Company (NYSE:AXP). Joel Isaacson stated it has 0.11% in American Express Company (NYSE:AXP). Zeke Capital Advisors Ltd Liability owns 32,358 shares. Drexel Morgan And, a Pennsylvania-based fund reported 19,039 shares. Walleye Trading Ltd Liability Corporation has 28,125 shares. Chemung Canal Tru reported 7,704 shares. Ronna Sue Cohen stated it has 0.17% in American Express Company (NYSE:AXP). City invested in 0.05% or 1,586 shares. Hussman Strategic Advsr owns 0.93% invested in American Express Company (NYSE:AXP) for 36,000 shares. Eqis Mngmt Incorporated reported 14,893 shares or 0.07% of all its holdings. Pacifica Capital Invs Limited Liability Corporation holds 0.92% of its portfolio in American Express Company (NYSE:AXP) for 18,438 shares. Osterweis Cap Management Incorporated reported 6,375 shares.

Analysts await American Express Company (NYSE:AXP) to report earnings on July, 18. They expect $1.81 earnings per share, up 23.13% or $0.34 from last year’s $1.47 per share. AXP’s profit will be $1.56 billion for 13.57 P/E if the $1.81 EPS becomes a reality. After $1.86 actual earnings per share reported by American Express Company for the previous quarter, Wall Street now forecasts -2.69% negative EPS growth.

Qv Investors Inc, which manages about $1.15B US Long portfolio, upped its stake in National Oilwell Varco Inc (NYSE:NOV) by 9,200 shares to 837,387 shares, valued at $30.82 million in 2018Q1, according to the filing. It also increased its holding in Macy’s Inc (NYSE:M) by 14,900 shares in the quarter, for a total of 1.83M shares, and has risen its stake in Berkshire Hathaway Inc (BRKB).

Analysts await United Parcel Service, Inc. (NYSE:UPS) to report earnings on July, 26. They expect $1.91 EPS, up 20.89% or $0.33 from last year’s $1.58 per share. UPS’s profit will be $1.65 billion for 15.28 P/E if the $1.91 EPS becomes a reality. After $1.55 actual EPS reported by United Parcel Service, Inc. for the previous quarter, Wall Street now forecasts 23.23% EPS growth.

Among 24 analysts covering United Parcel Service (NYSE:UPS), 12 have Buy rating, 1 Sell and 11 Hold. Therefore 50% are positive. United Parcel Service had 75 analyst reports since July 29, 2015 according to SRatingsIntel. The stock has “Buy” rating by Deutsche Bank on Monday, December 4. Oppenheimer maintained United Parcel Service, Inc. (NYSE:UPS) on Tuesday, February 20 with “Buy” rating. The stock of United Parcel Service, Inc. (NYSE:UPS) earned “Hold” rating by Robert W. Baird on Thursday, February 1. On Tuesday, September 22 the stock rating was maintained by S&P Research with “Buy”. The rating was initiated by Deutsche Bank on Wednesday, November 2 with “Hold”. On Thursday, February 1 the stock rating was maintained by Stephens with “Hold”. The firm has “Hold” rating given on Friday, October 27 by Loop Capital. The company was maintained on Thursday, February 1 by BMO Capital Markets. Macquarie Research maintained the shares of UPS in report on Wednesday, October 28 with “Neutral” rating. BMO Capital Markets maintained it with “Market Perform” rating and $128 target in Friday, October 27 report.

More notable recent United Parcel Service, Inc. (NYSE:UPS) news were published by: Globenewswire.com which released: “Kevin Warren Named UPS Chief Marketing Officer” on May 25, 2018, also Bizjournals.com with their article: “A UPS strike today would be different from 1997 — Fortune explains how” published on June 12, 2018, Globenewswire.com published: “10 Semi-Finalists Advance Closer To $25000 Grand Prize In Small Biz Salute Pitch Off Contest” on June 18, 2018. More interesting news about United Parcel Service, Inc. (NYSE:UPS) were released by: Bizjournals.com and their article: “UPDATE: UPS says teamsters strike not imminent despite vote approval” published on June 06, 2018 as well as Globenewswire.com‘s news article titled: “UPS Expands Ocean Freight Service In 130 New Trade Lanes” with publication date: June 07, 2018.

Vestor Capital Llc, which manages about $525.40 million and $482.49M US Long portfolio, upped its stake in Wisdomtree Largecap Dividend E (DLN) by 7,874 shares to 55,799 shares, valued at $4.94M in 2018Q1, according to the filing. It also increased its holding in Ishares Msci United Kingdom by 13,555 shares in the quarter, for a total of 143,352 shares, and has risen its stake in Wisdomtree Tr Smallcap Div Fd (DES).

Since February 26, 2018, it had 0 buys, and 2 sales for $650,730 activity. Another trade for 1,500 shares valued at $170,130 was sold by Brothers Norman M. Jr.

United Parcel Service, Inc. (NYSE:UPS) Institutional Positions Chart

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