United Parcel Service Inc. (UPS) Reaches New 52-Week High at $111.81
Shares of United Parcel Service Inc. (NYSE:UPS) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $111.81 and last traded at $111.32, with a volume of 1,070,346 shares changing hands. The stock had previously closed at $110.79.
A number of analysts recently issued reports on UPS shares. Morgan Stanley reaffirmed an “underweight” rating and issued a $88.00 target price on shares of United Parcel Service in a research report on Monday, April 4th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of United Parcel Service in a research report on Thursday, May 26th. Zacks Investment Research raised United Parcel Service from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a research report on Tuesday, April 26th. Citigroup Inc. reaffirmed a “hold” rating on shares of United Parcel Service in a research report on Thursday, June 30th. Finally, Oppenheimer Holdings Inc. reaffirmed 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. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $108.23.
The stock has a market capitalization of $98.00 billion and a P/E ratio of 20.18. The stock has a 50 day moving average price of $106.03 and a 200 day moving average price of $101.28.
United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, April 28th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.05. The company had revenue of $14.40 billion for the quarter, compared to the consensus estimate of $14.57 billion. United Parcel Service’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the company earned $1.12 EPS. On average, equities analysts expect that United Parcel Service Inc. will post $5.81 EPS for the current year.
In related news, SVP David A. Barnes sold 11,712 shares of the company’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 sale, 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 Securities & Exchange Commission, which is available at this hyperlink.
Several large investors have bought and sold shares of the company. Wedbush Securities Inc. raised its stake in 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 in the last quarter. Fiduciary Trust Co. raised its stake in 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 in the last quarter. Leisure Capital Management raised its stake in 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 in the last quarter. Community Bank N.A. raised its stake in 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 in the last quarter. Finally, Hendershot Investments Inc. raised its stake in 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 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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