United Parcel Service Inc. (UPS) Hits New 52-Week High at $109.56
United Parcel Service Inc. (NYSE:UPS)’s share price hit a new 52-week high on Friday . The company traded as high as $109.56 and last traded at $109.49, with a volume of 1,174,721 shares. The stock had previously closed at $107.85.
UPS has been the topic of a number of research analyst reports. Morgan Stanley restated an “underweight” rating and issued a $88.00 target price on shares of United Parcel Service in a research note on Monday, April 4th. Zacks Investment Research upgraded United Parcel Service from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a research note on Tuesday, April 26th. Vetr cut United Parcel Service from a “hold” rating to a “sell” rating and set a $98.71 price objective for the company. in a report on Thursday, March 17th. Citigroup Inc. reiterated a “hold” rating on shares of United Parcel Service in a report on Thursday, June 30th. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $112.00 price objective (up from $109.00) on shares of United Parcel Service in a report on Monday, May 2nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $108.23.
The firm has a market capitalization of $96.60 billion and a price-to-earnings ratio of 19.89. The firm has a 50 day moving average of $104.49 and a 200-day moving average of $100.73.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, April 28th. The company reported $1.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.05. During the same quarter in the previous year, the firm earned $1.12 earnings per share. The business earned $14.40 billion during the quarter, compared to analysts’ expectations of $14.57 billion. United Parcel Service’s revenue was up 3.2% on a year-over-year basis. On average, equities analysts forecast that United Parcel Service Inc. will post $5.81 earnings per share for the current year.
In other news, SVP David A. Barnes sold 11,712 shares of the business’s stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of $102.47, for a total value of $1,200,128.64. Following the transaction, the senior vice president now directly owns 150,747 shares in the company, valued at $15,447,045.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Several large investors have recently modified their holdings of the company. Park National boosted its stake in shares of United Parcel Service by 2.0% in the fourth quarter. Park National now owns 102,892 shares of the company’s stock valued at $9,902,000 after buying an additional 2,018 shares during the period. Linscomb & Williams Inc. purchased a new stake in shares of United Parcel Service during the fourth quarter valued at about $3,447,000. Trust Co. of Vermont boosted its stake in shares of United Parcel Service by 9.1% in the fourth quarter. Trust Co. of Vermont now owns 13,956 shares of the company’s stock valued at $1,343,000 after buying an additional 1,167 shares during the period. Tocqueville Asset Management L.P. boosted its stake in shares of United Parcel Service by 22.2% in the fourth quarter. Tocqueville Asset Management L.P. now owns 24,328 shares of the company’s stock valued at $2,341,000 after buying an additional 4,415 shares during the period. Finally, Simmons First Trust Co. NA boosted its stake in shares of United Parcel Service by 55.3% in the fourth quarter. Simmons First Trust Co. NA now owns 11,406 shares of the company’s stock valued at $1,098,000 after buying an additional 4,062 shares during the period.
United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. It delivers packages each business day in over 220 countries and territories. The Company operates in three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight.
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