Investors Buy United Parcel Service, Inc. (UPS) on Weakness

Investors bought shares of United Parcel Service, Inc. (NYSE:UPS) on weakness during trading on Tuesday. $57.84 million flowed into the stock on the tick-up and $37.47 million flowed out of the stock on the tick-down, for a money net flow of $20.37 million into the stock. Of all equities tracked, United Parcel Service had the 12th highest net in-flow for the day. United Parcel Service traded down ($1.08) for the day and closed at $119.71

UPS has been the subject of several research analyst reports. Zacks Investment Research downgraded United Parcel Service from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. BidaskClub raised United Parcel Service from a “strong sell” rating to a “sell” rating in a research note on Friday, August 11th. Sanford C. Bernstein reissued an “outperform” rating and set a $127.00 target price on shares of United Parcel Service in a research note on Monday, July 3rd. Citigroup Inc. raised United Parcel Service from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $115.00 to $128.00 in a research note on Tuesday, August 8th. Finally, TheStreet raised United Parcel Service from a “c” rating to a “b” rating in a research note on Thursday, July 27th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $115.27.

The company has a market cap of $103.05 billion, a price-to-earnings ratio of 29.26 and a beta of 0.90. The company’s 50 day moving average is $116.22 and its 200 day moving average is $110.20.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, July 27th. The transportation company reported $1.58 EPS for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.12. The business had revenue of $15.75 billion for the quarter, compared to analysts’ expectations 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 period in the previous year, the firm earned $1.43 EPS. On average, equities analysts predict that United Parcel Service, Inc. will post $6.01 EPS for the current fiscal year.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. V Wealth Management LLC purchased a new position in shares of United Parcel Service during the second quarter valued at approximately $102,000. First PREMIER Bank increased its stake in shares of United Parcel Service by 5.0% during the second quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock valued at $116,000 after buying an additional 50 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of United Parcel Service by 17.3% during the first quarter. Parkside Financial Bank & Trust now owns 1,087 shares of the transportation company’s stock valued at $116,000 after buying an additional 160 shares during the period. Ullmann Financial Group Inc. purchased a new position in shares of United Parcel Service during the first quarter valued at approximately $126,000. Finally, Winslow Evans & Crocker Inc. increased its stake in shares of United Parcel Service by 261.3% during the second quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock valued at $137,000 after buying an additional 899 shares during the period. 52.86% of the stock is currently owned by hedge funds and other institutional investors.

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United Parcel Service Company Profile

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.

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