Investors Sell Shares of United Parcel Service, Inc. (UPS) on Strength (UPS)

Traders sold shares of United Parcel Service, Inc. (NYSE:UPS) on strength during trading on Friday. $75.76 million flowed into the stock on the tick-up and $149.53 million flowed out of the stock on the tick-down, for a money net flow of $73.77 million out of the stock. Of all stocks tracked, United Parcel Service had the 10th highest net out-flow for the day. United Parcel Service traded up $1.42 for the day and closed at $120.75

A number of analysts have recently weighed in on the company. Loop Capital upped their price objective on United Parcel Service from $120.00 to $128.00 and gave the stock a “hold” rating in a research report on Friday. Stifel Nicolaus upped their price objective on United Parcel Service from $103.00 to $112.00 and gave the stock a “hold” rating in a research report on Friday. UBS AG upped their price objective on United Parcel Service from $117.00 to $126.00 and gave the stock a “neutral” rating in a research report on Friday. BMO Capital Markets upped their price objective on United Parcel Service from $115.00 to $128.00 and gave the stock a “market perform” rating in a research report on Friday. Finally, BidaskClub raised United Parcel Service from a “strong sell” rating to a “sell” rating in a research report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company’s stock. United Parcel Service currently has a consensus rating of “Hold” and an average price target of $119.11.

The company has a market capitalization of $104.57 billion, a P/E ratio of 29.69 and a beta of 0.90. The stock’s 50-day moving average is $118.08 and its 200-day moving average is $111.54.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.45. The company had revenue of $15.98 billion during the quarter, compared to the consensus estimate of $15.62 billion. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. The company’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.44 EPS. Analysts forecast that United Parcel Service, Inc. will post $6.01 EPS for the current fiscal year.

In other news, 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 transaction of $394,182.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Alan Gershenhorn sold 17,699 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $114.10, for a total transaction of $2,019,455.90. The disclosure for this sale can be found here. Insiders own 0.59% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in UPS. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in United Parcel Service by 0.3% in the 2nd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,482 shares of the transportation company’s stock valued at $163,000 after buying an additional 5 shares during the period. Founders Capital Management grew its position in United Parcel Service by 0.3% in the second quarter. Founders Capital Management now owns 5,367 shares of the transportation company’s stock worth $594,000 after acquiring an additional 15 shares in the last quarter. Bollard Group LLC grew its position in United Parcel Service by 0.8% in the second quarter. Bollard Group LLC now owns 2,239 shares of the transportation company’s stock worth $248,000 after acquiring an additional 17 shares in the last quarter. Guardian Life Insurance Co. of America grew its position in United Parcel Service by 0.7% in the first 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 in the last quarter. Finally, Conservest Capital Advisors Inc. grew its position in United Parcel Service by 0.8% in the second 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 in the last quarter. Institutional investors and hedge funds own 52.92% of the company’s stock.

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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.

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