Investors Sell United Parcel Service Inc. (UPS) on Strength (UPS)
Investors sold shares of United Parcel Service Inc. (NYSE:UPS) on strength during trading hours 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 stocks 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 research analysts have recently issued reports on UPS shares. Morgan Stanley restated an “underweight” rating and set a $88.00 price target on shares of United Parcel Service in a report on Monday, April 4th. Sanford C. Bernstein restated an “outperform” rating on shares of United Parcel Service in a report on Thursday, May 26th. Vetr lowered shares of United Parcel Service from a “hold” rating to a “sell” rating and set a $98.71 price target on the stock. in a report on Thursday, March 17th. Zacks Investment Research upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $118.00 price target on the stock in a report on Tuesday, April 26th. Finally, Citigroup Inc. restated a “hold” rating on shares of United Parcel Service in a report on Thursday, June 30th. Two equities research 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. United Parcel Service presently has an average rating of “Hold” and a consensus price target of $108.23.
The stock has a 50 day moving average of $105.78 and a 200-day moving average of $101.18. The stock has a market capitalization of $98.42 billion and a price-to-earnings ratio of 20.26.
United Parcel Service (NYSE:UPS) last announced its earnings results 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. The business earned $14.40 billion during the quarter, compared to the consensus estimate of $14.57 billion. The company’s revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.12 EPS. On average, analysts anticipate that United Parcel Service Inc. will post $5.81 earnings per share for the current year.
In other news, SVP David A. Barnes sold 11,712 shares of the business’s stock in a transaction dated 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 completion of the sale, the senior vice president now owns 150,747 shares of the company’s stock, valued at $15,447,045.09. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Several large investors have made changes to their positions in the stock. Park National boosted its stake in shares of United Parcel Service by 2.0% in the fourth quarter. Park National now owns 102,892 shares of the company’s stock worth $9,902,000 after buying an additional 2,018 shares during the last quarter. Swiss National Bank boosted its stake in shares of United Parcel Service by 1.2% in the fourth quarter. Swiss National Bank now owns 1,612,977 shares of the company’s stock worth $155,217,000 after buying an additional 18,400 shares during the last quarter. Patriot Wealth Management Inc. boosted its stake in shares of United Parcel Service by 0.3% in the fourth quarter. Patriot Wealth Management Inc. now owns 65,200 shares of the company’s stock worth $6,274,000 after buying an additional 190 shares during the last quarter. Smith Asset Management Group LP acquired a new stake in shares of United Parcel Service during the fourth quarter worth about $1,209,000. Finally, Cadence Capital Management LLC boosted its stake in United Parcel Service by 17.9% in the fourth quarter. Cadence Capital Management LLC now owns 126,002 shares of the company’s stock valued at $12,125,000 after buying an additional 19,150 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.