Traders Sell Shares of United Parcel Service Inc. (UPS) on Strength (UPS)
Investors sold shares of United Parcel Service Inc. (NYSE:UPS) on strength during trading on Wednesday. $34.15 million flowed into the stock on the tick-up and $61.09 million flowed out of the stock on the tick-down, for a money net flow of $26.94 million out of the stock. Of all companies tracked, United Parcel Service had the 15th highest net out-flow for the day. United Parcel Service traded up $0.20 for the day and closed at $109.64
UPS has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of 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. Citigroup Inc. restated 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 shares of United Parcel Service and gave the company a “sell” rating in a report on Monday, August 1st. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $112.00 target price (up from $109.00) on shares of United Parcel Service in a report on Monday, May 2nd. Finally, Cowen and Company lifted their price target on shares of United Parcel Service from $102.00 to $110.00 and gave the company a “market perform” rating in a research report on Friday, April 29th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $108.70.
The stock has a 50 day moving average price of $109.63 and a 200 day moving average price of $104.60. The company has a market capitalization of $96.27 billion and a price-to-earnings ratio of 19.71.
United Parcel Service (NYSE:UPS) last announced its earnings results on Friday, July 29th. The company reported $1.43 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.43. The company had revenue of $14.60 billion for the quarter, compared to the consensus estimate of $14.65 billion. During the same period in the previous year, the company earned $1.35 EPS. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. Equities research analysts expect that United Parcel Service Inc. will post $5.81 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Tuesday, August 16th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, August 12th. This represents a $3.12 dividend on an annualized basis and a yield of 2.85%.
In other United Parcel Service news, insider James J. Barber sold 2,268 shares of the company’s stock in a transaction that occurred 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 owns 31,418 shares of the company’s stock, valued at $3,449,382.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Other large investors have bought and sold shares of the company. Private Capital Management Inc. acquired a new stake in United Parcel Service during the fourth quarter valued at $1,097,000. ARGI Investment Services LLC boosted its stake in United Parcel Service by 14.1% in the fourth quarter. ARGI Investment Services LLC now owns 12,598 shares of the company’s stock valued at $1,212,000 after buying an additional 1,553 shares in the last quarter. Stephens Inc. AR boosted its stake in United Parcel Service by 11.5% in the fourth quarter. Stephens Inc. AR now owns 16,583 shares of the company’s stock valued at $1,596,000 after buying an additional 1,708 shares in the last quarter. Flippin Bruce & Porter Inc. boosted its stake in United Parcel Service by 10.2% in the fourth quarter. Flippin Bruce & Porter Inc. now owns 16,675 shares of the company’s stock valued at $1,605,000 after buying an additional 1,550 shares in the last quarter. Finally, Farr Miller & Washington LLC DC boosted its stake in United Parcel Service by 1.3% in the fourth quarter. Farr Miller & Washington LLC DC now owns 21,466 shares of the company’s stock valued at $2,066,000 after buying an additional 277 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.