Traders Buy United Parcel Service, Inc. (UPS) on Weakness
Traders bought shares of United Parcel Service, Inc. (NYSE:UPS) on weakness during trading hours on Thursday. $115.69 million flowed into the stock on the tick-up and $43.00 million flowed out of the stock on the tick-down, for a money net flow of $72.69 million into the stock. Of all stocks tracked, United Parcel Service had the 4th highest net in-flow for the day. United Parcel Service traded down ($0.61) for the day and closed at $114.36
Several equities analysts have recently commented on the company. Zacks Investment Research downgraded United Parcel Service from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. BidaskClub upgraded United Parcel Service from a “strong sell” rating to a “sell” rating in a research report on Friday, August 11th. Credit Suisse Group reiterated a “neutral” rating and issued a $108.00 target price on shares of United Parcel Service in a research report on Tuesday, August 15th. Citigroup Inc. upgraded United Parcel Service from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $115.00 to $128.00 in a research report on Tuesday, August 8th. Finally, Cowen and Company reiterated a “hold” rating on shares of United Parcel Service in a research report on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $114.80.
The company has a market capitalization of $99.06 billion, a P/E ratio of 28.13 and a beta of 0.88. The firm has a 50 day moving average price of $112.60 and a 200-day moving average price of $108.49.
United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, July 27th. The transportation company reported $1.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.12. The business had revenue of $15.75 billion during the quarter, compared to the consensus estimate of $15.49 billion. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.43 earnings per share. Equities research analysts forecast that United Parcel Service, Inc. will post $6.01 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 30th. Shareholders of record on Monday, August 14th were paid a $0.83 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $3.32 annualized dividend and a dividend yield of 2.90%. United Parcel Service’s dividend payout ratio (DPR) is 81.57%.
In other news, SVP Kathleen M. Gutmann sold 2,000 shares of United Parcel Service stock in a transaction on Monday, June 5th. The shares were sold at an average price of $107.49, for a total transaction of $214,980.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Alan Gershenhorn sold 17,699 shares of United Parcel Service stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total transaction of $2,019,455.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,255 shares of company stock valued at $2,628,619. Insiders own 0.59% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. V Wealth Management LLC purchased a new stake in United Parcel Service during the second quarter valued at about $102,000. Parkside Financial Bank & Trust boosted its stake in United Parcel Service by 17.3% in the first quarter. Parkside Financial Bank & Trust now owns 1,087 shares of the transportation company’s stock valued at $116,000 after buying an additional 160 shares during the period. First PREMIER Bank boosted its stake in United Parcel Service by 5.0% in the second quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock valued at $116,000 after buying an additional 50 shares during the period. Ullmann Financial Group Inc. purchased a new stake in United Parcel Service during the first quarter valued at about $126,000. Finally, Security National Trust Co. boosted its stake in United Parcel Service by 8.9% in the first quarter. Security National Trust Co. now owns 1,244 shares of the transportation company’s stock valued at $134,000 after buying an additional 102 shares during the period. 52.93% of the stock is owned by institutional investors and hedge funds.
United Parcel Service Company Profile
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.