Investors Buy Shares of United Parcel Service Inc. (UPS) on Weakness
Traders purchased shares of United Parcel Service Inc. (NYSE:UPS) on weakness during trading hours on Monday. $52.02 million flowed into the stock on the tick-up and $36.14 million flowed out of the stock on the tick-down, for a money net flow of $15.88 million into the stock. Of all stocks tracked, United Parcel Service had the 16th highest net in-flow for the day. United Parcel Service traded down ($0.74) for the day and closed at $109.83
Several research analysts have recently commented on UPS shares. Zacks Investment Research raised United Parcel Service from a “hold” rating to a “buy” rating and set a $118.00 price objective for the company in a report on Tuesday, April 26th. Citigroup Inc. reissued a “hold” rating on shares of United Parcel Service in a report on Thursday, June 30th. Morgan Stanley set a $91.00 target price on United Parcel Service and gave the stock a “sell” rating in a research report on Monday, August 1st. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $112.00 target price (up previously from $109.00) on shares of United Parcel Service in a research report on Monday, May 2nd. Finally, Cowen and Company boosted their target price on United Parcel Service from $102.00 to $110.00 and gave the stock a “market perform” rating in a research report on Friday, April 29th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $108.70.
The stock’s 50-day moving average is $109.60 and its 200-day moving average is $104.46. The firm has a market cap of $96.44 billion and a PE ratio of 19.74.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Friday, July 29th. The company reported $1.43 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.43. The business had revenue of $14.60 billion for the quarter, compared to the consensus estimate of $14.65 billion. During the same period in the prior year, the business posted $1.35 earnings per share. United Parcel Service’s revenue was up 3.8% on a year-over-year basis. Equities analysts anticipate that United Parcel Service Inc. will post $5.81 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Tuesday, August 16th will be paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Friday, August 12th.
In other United Parcel Service news, insider James J. Barber sold 2,268 shares of United Parcel Service stock in a transaction on Friday, August 12th. The stock was sold at an average price of $109.79, for a total transaction of $249,003.72. Following the completion of the sale, the insider now directly owns 31,418 shares of the company’s stock, valued at approximately $3,449,382.22. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP David A. Barnes sold 11,712 shares of United Parcel Service stock in a transaction 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 $15,447,045.09. The disclosure for this sale can be found here.
A number of large investors have recently modified their holdings of the stock. Private Capital Management Inc. purchased a new stake in shares of United Parcel Service during the fourth quarter worth $1,097,000. Wills Financial Group Inc. raised its stake 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 worth $1,198,000 after buying an additional 3,020 shares during the period. ARGI Investment Services LLC raised its stake in shares of United Parcel Service by 14.1% in the fourth quarter. ARGI Investment Services LLC now owns 12,598 shares of the company’s stock worth $1,212,000 after buying an additional 1,553 shares during the period. Stephens Inc. AR raised its stake in shares of United Parcel Service by 11.5% in the fourth quarter. Stephens Inc. AR now owns 16,583 shares of the company’s stock worth $1,596,000 after buying an additional 1,708 shares during the period. Finally, Flippin Bruce & Porter Inc. raised its stake in shares of United Parcel Service by 10.2% in the fourth quarter. Flippin Bruce & Porter Inc. now owns 16,675 shares of the company’s stock worth $1,605,000 after buying an additional 1,550 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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