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 Thursday. $40.96 million flowed into the stock on the tick-up and $59.53 million flowed out of the stock on the tick-down, for a money net flow of $18.57 million out of the stock. Of all companies tracked, United Parcel Service had the 0th highest net out-flow for the day. United Parcel Service traded up $0.71 for the day and closed at $111.50
A number of equities analysts recently commented on UPS shares. Morgan Stanley restated an “underweight” rating and set a $88.00 target price on shares of United Parcel Service in a report 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 for the company in a report on Tuesday, April 26th. Cowen and Company upped their target price on United Parcel Service from $102.00 to $110.00 and gave the company a “market perform” rating in a report on Friday, April 29th. Citigroup Inc. upped their target price on United Parcel Service from $102.00 to $109.00 and gave the company a “neutral” rating in a report on Friday, April 29th. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and set a $112.00 target price (up previously from $109.00) on shares of United Parcel Service in a report on Monday, May 2nd. Two 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’s stock. The company has an average rating of “Hold” and a consensus target price of $108.23.
The firm has a market cap of $98.00 billion and a P/E ratio of 20.18. The company’s 50 day moving average is $106.03 and its 200-day moving average is $101.28.
United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, April 28th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.05. During the same quarter in the previous year, the firm earned $1.12 EPS. The business had revenue of $14.40 billion for the quarter, compared to analysts’ expectations of $14.57 billion. United Parcel Service’s revenue was up 3.2% compared to the same quarter last year. Equities analysts predict that United Parcel Service Inc. will post $5.81 EPS for the current fiscal year.
In related news, SVP David A. Barnes sold 11,712 shares of the business’s stock in a transaction on 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 completion of the transaction, the senior vice president now owns 150,747 shares in the company, valued at approximately $15,447,045.09. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
A number of large investors have recently modified their holdings of the stock. Wedbush Securities Inc. raised its stake 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. Fiduciary Trust Co. raised its stake 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 worth $1,196,000 after buying an additional 105 shares during the period. Leisure Capital Management raised its stake in shares of United Parcel Service by 3.8% in the fourth quarter. Leisure Capital Management now owns 16,800 shares of the company’s stock worth $1,617,000 after buying an additional 611 shares during the period. Community Bank N.A. raised its stake in shares of United Parcel Service by 1.5% in the fourth quarter. Community Bank N.A. now owns 16,928 shares of the company’s stock worth $1,629,000 after buying an additional 250 shares during the period. Finally, Hendershot Investments Inc. raised its stake in shares of United Parcel Service by 4.9% in the fourth quarter. Hendershot Investments Inc. now owns 76,922 shares of the company’s stock worth $7,402,000 after buying an additional 3,604 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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