Shares of United Parcel Service Inc. (NYSE:UPS) reached a new 52-week high on Thursday . The stock traded as high as $111.81 and last traded at $111.32, with a volume of 1,070,346 shares trading hands. The stock had previously closed at $110.79.

Several research firms have weighed in on UPS. Citigroup Inc. reiterated a “hold” rating on shares of United Parcel Service in a research note on Thursday, June 30th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $112.00 price target (up previously from $109.00) on shares of United Parcel Service in a research note on Monday, May 2nd. Morgan Stanley reiterated a “sell” rating on shares of United Parcel Service in a research note on Saturday, April 30th. Zacks Investment Research upgraded United Parcel Service from a “hold” rating to a “buy” rating and set a $118.00 price target on the stock in a research note on Tuesday, April 26th. Finally, Cowen and Company boosted their price target on United Parcel Service from $102.00 to $110.00 and gave the company a “market perform” rating in a research note on Friday, April 29th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $108.23.

The company’s 50-day moving average price is $105.51 and its 200 day moving average price is $101.10. The stock has a market capitalization of $98.13 billion and a price-to-earnings ratio of 20.20.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, April 28th. The company reported $1.27 EPS for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.05. The firm had revenue of $14.40 billion for the quarter, compared to analyst estimates of $14.57 billion. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.12 EPS. Equities analysts expect that United Parcel Service Inc. will post $5.81 EPS for the current fiscal year.

In other news, SVP David A. Barnes sold 11,712 shares of United Parcel Service stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of $102.47, for a total transaction of $1,200,128.64. Following the sale, the senior vice president now owns 150,747 shares in the company, valued at $15,447,045.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Other hedge funds have recently bought and sold shares of the company. Alerus Investment Advisors Corp boosted its stake in 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 valued at $1,040,000 after buying an additional 119 shares during the period. 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 valued at $1,158,000 after buying an additional 955 shares during the period. Fiduciary Trust Co. boosted its position in shares of United Parcel Service by 0.9% in the fourth quarter. Fiduciary Trust Co. now owns 12,432 shares of the company’s stock valued at $1,196,000 after buying an additional 105 shares during the period. Finally, Wills Financial Group Inc. boosted its position in shares of United Parcel Service by 32.0% in the fourth quarter. Wills Financial Group Inc. now owns 12,453 shares of the company’s stock valued at $1,198,000 after buying an additional 3,020 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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