Traders Buy Shares of United Parcel Service Inc. (UPS) on Weakness
Investors purchased shares of United Parcel Service Inc. (NYSE:UPS) on weakness during trading on Thursday. $94.53 million flowed into the stock on the tick-up and $31.65 million flowed out of the stock on the tick-down, for a money net flow of $62.88 million into the stock. Of all stocks tracked, United Parcel Service had the 18th highest net in-flow for the day. United Parcel Service traded down ($0.16) for the day and closed at $109.22
A number of research firms recently issued reports on UPS. Morgan Stanley set a $91.00 target price on shares of United Parcel Service and gave the company a “sell” rating in a research note on Monday, August 1st. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $116.00 target price (up from $112.00) on shares of United Parcel Service in a research note on Tuesday, August 2nd. Sanford C. Bernstein reiterated an “outperform” rating on shares of United Parcel Service in a research note on Thursday, May 26th. Zacks Investment Research upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a research note on Wednesday, June 29th. Finally, Argus raised their target price on shares of United Parcel Service from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $108.70.
The company has a 50-day moving average price of $109.56 and a 200-day moving average price of $105.11. The firm has a market capitalization of $96.23 billion and a P/E ratio of 19.70.
United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Friday, July 29th. The company reported $1.43 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.43. The business earned $14.60 billion during the quarter, compared to the consensus estimate of $14.65 billion. During the same period in the prior year, the firm earned $1.35 EPS. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, analysts anticipate that United Parcel Service Inc. will post $5.81 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Stockholders of record on Tuesday, August 16th were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend was Friday, August 12th.
In other news, insider James J. Barber sold 2,268 shares of the business’s stock in a transaction on Friday, August 12th. The shares were sold at an average price of $109.79, for a total value of $249,003.72. Following the sale, the insider now owns 31,418 shares of the company’s stock, valued at $3,449,382.22. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Other hedge funds have made changes to their positions in the company. Private Capital Management Inc. acquired a new stake in shares of United Parcel Service during the fourth quarter worth approximately $1,097,000. 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 in the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in shares of United Parcel Service by 2.6% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 61,823 shares of the company’s stock worth $5,948,000 after buying an additional 1,576 shares in the last quarter. Birch Hill Investment Advisors LLC raised its stake in shares of United Parcel Service by 0.3% in the fourth quarter. Birch Hill Investment Advisors LLC now owns 223,321 shares of the company’s stock worth $21,490,000 after buying an additional 625 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in shares of United Parcel Service by 41.5% in the fourth quarter. BNP Paribas Arbitrage SA now owns 330,040 shares of the company’s stock worth $31,760,000 after buying an additional 96,790 shares in the last quarter.
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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