Traders sold shares of United Parcel Service, Inc. (NYSE:UPS) on strength during trading hours on Thursday. $96.01 million flowed into the stock on the tick-up and $143.22 million flowed out of the stock on the tick-down, for a money net flow of $47.21 million out of the stock. Of all equities tracked, United Parcel Service had the 0th highest net out-flow for the day. United Parcel Service traded up $0.78 for the day and closed at $119.33
UPS has been the subject of a number of research reports. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $127.00 target price on shares of United Parcel Service in a report on Monday, July 3rd. Zacks Investment Research downgraded United Parcel Service from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Cowen and Company reaffirmed a “hold” rating on shares of United Parcel Service in a report on Wednesday, July 19th. BidaskClub downgraded United Parcel Service from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, TheStreet raised United Parcel Service from a “c” rating to a “b” rating in a report on Thursday, July 27th. One 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 stock. The company presently has an average rating of “Hold” and a consensus target price of $119.11.
The stock’s 50 day moving average is $118.40 and its 200 day moving average is $111.69. The company has a market capitalization of $104.57 billion, a P/E ratio of 29.69 and a beta of 0.90.
United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.45. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The company had revenue of $15.98 billion during the quarter, compared to analysts’ expectations of $15.62 billion. During the same period in the previous year, the firm posted $1.44 earnings per share. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities analysts anticipate that United Parcel Service, Inc. will post $6.01 earnings per share for the current year.
In other news, EVP Alan Gershenhorn sold 17,699 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total value of $2,019,455.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James J. Barber sold 3,556 shares of the business’s stock in a transaction on Monday, July 31st. The stock was 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. Insiders own 0.59% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. V Wealth Management LLC acquired a new position in shares of United Parcel Service in the second quarter worth $102,000. Parkside Financial Bank & Trust raised its holdings in shares of United Parcel Service by 17.3% in the first quarter. Parkside Financial Bank & Trust now owns 1,087 shares of the transportation company’s stock worth $116,000 after acquiring an additional 160 shares during the last quarter. First PREMIER Bank raised its holdings in shares of United Parcel Service by 5.0% in the second quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock worth $116,000 after acquiring an additional 50 shares during the last quarter. Ullmann Financial Group Inc. acquired a new position in shares of United Parcel Service in the first quarter worth $126,000. Finally, Winslow Evans & Crocker Inc. raised its holdings in shares of United Parcel Service by 261.3% in the second quarter. Winslow Evans & Crocker Inc. now owns 1,243 shares of the transportation company’s stock worth $137,000 after acquiring an additional 899 shares during the last quarter. 52.92% of the stock is owned by institutional investors.
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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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