United Parcel Service Inc. (NYSE:UPS)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $109.56 and last traded at $109.49, with a volume of 1,174,721 shares traded. The stock had previously closed at $107.85.

A number of equities analysts have commented on UPS shares. 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 shares of 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 downgraded shares of United Parcel Service from a “hold” rating to a “sell” rating and set a $98.71 target price on the stock. in a research note on Thursday, March 17th. Citigroup Inc. restated a “hold” rating on shares of United Parcel Service in a research note on Thursday, June 30th. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $112.00 target price (up from $109.00) on shares of United Parcel Service in a research note on Monday, May 2nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. United Parcel Service currently has an average rating of “Hold” and an average price target of $108.23.

The stock has a 50-day moving average price of $104.73 and a 200-day moving average price of $100.82. The company has a market capitalization of $96.67 billion and a price-to-earnings ratio of 19.90.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, April 28th. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.05. During the same period last year, the firm posted $1.12 earnings per share. The company 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. Equities analysts expect that United Parcel Service Inc. will post $5.81 EPS for the current year.

In other news, SVP David A. Barnes sold 11,712 shares of the business’s stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $102.47, for a total value of $1,200,128.64. Following the sale, the senior vice president now directly owns 150,747 shares of the company’s stock, valued at approximately $15,447,045.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Other hedge funds and institutional investors have made changes to their positions in the company. Alerus Investment Advisors Corp boosted its position in shares of United Parcel Service by 69.2% in the fourth quarter. Alerus Investment Advisors Corp now owns 10,423 shares of the company’s stock worth $1,003,000 after buying an additional 4,263 shares during the period. Wetherby Asset Management Inc. boosted its position in shares of United Parcel Service by 1.1% in the fourth quarter. Wetherby Asset Management Inc. now owns 10,801 shares of the company’s stock worth $1,040,000 after buying an additional 119 shares during the period. Oxbow Advisors LLC acquired a new position in shares of United Parcel Service during the fourth quarter worth $1,146,000. Wedbush Securities Inc. boosted its position in shares of United Parcel Service by 8.6% in the fourth quarter. Wedbush Securities Inc. now owns 12,034 shares of the company’s stock worth $1,158,000 after buying an additional 955 shares during the period. Finally, JLB & Associates Inc. boosted its position in shares of United Parcel Service by 0.5% in the fourth quarter. JLB & Associates Inc. now owns 12,384 shares of the company’s stock worth $1,191,000 after buying an additional 60 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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