Traders sold shares of United Parcel Service, Inc. (NYSE:UPS) on strength during trading on Tuesday. $49.45 million flowed into the stock on the tick-up and $77.03 million flowed out of the stock on the tick-down, for a money net flow of $27.58 million out of the stock. Of all stocks tracked, United Parcel Service had the 12th highest net out-flow for the day. United Parcel Service traded up $0.03 for the day and closed at $111.89

A number of brokerages have issued reports on UPS. Zacks Investment Research downgraded United Parcel Service from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. BidaskClub downgraded United Parcel Service from a “sell” rating to a “strong sell” rating in a research report on Saturday. Citigroup Inc. upgraded United Parcel Service from a “neutral” rating to a “buy” rating and increased their price target for the stock from $115.00 to $128.00 in a research report on Tuesday. Cowen and Company reiterated a “hold” rating on shares of United Parcel Service in a research report on Wednesday, July 19th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $127.00 price target on shares of United Parcel Service in a research report on Monday, July 3rd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $114.79.

The company has a market capitalization of $96.78 billion, a PE ratio of 27.51 and a beta of 0.88. The company’s 50 day moving average is $110.81 and its 200-day moving average is $108.17.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, July 27th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.12. United Parcel Service had a return on equity of 417.18% and a net margin of 5.68%. The firm had revenue of $15.75 billion during the quarter, compared to the consensus estimate of $15.49 billion. During the same period in the previous year, the firm posted $1.43 EPS. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. Equities analysts forecast that United Parcel Service, Inc. will post $6.01 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Monday, August 14th will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, August 10th. This represents a $3.32 annualized dividend and a dividend yield of 2.97%. United Parcel Service’s dividend payout ratio is currently 81.57%.

In related news, insider James J. Barber sold 3,556 shares of United Parcel Service stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $110.85, for a total transaction of $394,182.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Kathleen M. Gutmann sold 2,000 shares of United Parcel Service stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $107.49, for a total value of $214,980.00. The disclosure for this sale can be found here. Insiders own 0.59% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of UPS. Vanguard Group Inc. increased its position in shares of United Parcel Service by 2.2% in the first quarter. Vanguard Group Inc. now owns 47,140,675 shares of the transportation company’s stock valued at $5,058,196,000 after buying an additional 1,030,326 shares in the last quarter. BlackRock Inc. increased its position in shares of United Parcel Service by 2,550.9% in the first quarter. BlackRock Inc. now owns 45,051,373 shares of the transportation company’s stock valued at $4,834,013,000 after buying an additional 43,351,873 shares in the last quarter. Wellington Management Group LLP increased its position in shares of United Parcel Service by 4.0% in the first quarter. Wellington Management Group LLP now owns 29,387,614 shares of the transportation company’s stock valued at $3,153,291,000 after buying an additional 1,117,802 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of United Parcel Service by 5.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 24,295,470 shares of the transportation company’s stock valued at $2,606,905,000 after buying an additional 1,246,981 shares in the last quarter. Finally, Clearbridge Investments LLC increased its position in shares of United Parcel Service by 10.0% in the first quarter. Clearbridge Investments LLC now owns 6,520,411 shares of the transportation company’s stock valued at $699,640,000 after buying an additional 593,756 shares in the last quarter. Hedge funds and other institutional investors own 53.10% of the company’s stock.

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About United Parcel Service

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.

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