Traders Sell United Parcel Service, Inc. (UPS) on Strength (UPS)
Traders sold shares of United Parcel Service, Inc. (NYSE:UPS) on strength during trading hours on Monday. $24.36 million flowed into the stock on the tick-up and $60.13 million flowed out of the stock on the tick-down, for a money net flow of $35.77 million out of the stock. Of all stocks tracked, United Parcel Service had the 24th highest net out-flow for the day. United Parcel Service traded up $0.03 for the day and closed at $114.39
A number of equities research analysts have issued reports on the company. Robert W. Baird reaffirmed a “hold” rating and set a $118.00 target price on shares of United Parcel Service in a research report on Friday, August 25th. Credit Suisse Group reaffirmed a “neutral” rating and set a $108.00 target price on shares of United Parcel Service in a research report on Tuesday, August 15th. BidaskClub raised United Parcel Service from a “strong sell” rating to a “sell” rating in a research report on Friday, August 11th. Citigroup Inc raised United Parcel Service from a “neutral” rating to a “buy” rating and increased their price objective for the company from $115.00 to $128.00 in a research report on Tuesday, August 8th. Finally, TheStreet raised United Parcel Service from a “c” rating to a “b” rating in a research report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $114.80.
The stock has a market capitalization of $99.06 billion, a price-to-earnings ratio of 28.13 and a beta of 0.88. The company’s 50-day moving average price is $112.60 and its 200 day moving average price is $108.49.
United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, beating 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 return on equity of 417.18% and a net margin of 5.68%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.43 EPS. Equities research analysts predict that United Parcel Service, Inc. will post $6.01 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Monday, August 14th were given a dividend of $0.83 per share. The ex-dividend date was Thursday, August 10th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.90%. United Parcel Service’s payout ratio is 81.57%.
In other news, EVP Alan Gershenhorn sold 17,699 shares of the company’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James J. Barber sold 3,556 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $110.85, for a total value of $394,182.60. The disclosure for this sale can be found here. Corporate insiders own 0.59% of the company’s stock.
Several large investors have recently added to or reduced their stakes in UPS. V Wealth Management LLC bought a new stake in shares of United Parcel Service during the 2nd quarter valued at $102,000. Parkside Financial Bank & Trust lifted its position in shares of United Parcel Service by 17.3% during the 1st quarter. Parkside Financial Bank & Trust now owns 1,087 shares of the transportation company’s stock valued at $116,000 after acquiring an additional 160 shares during the period. First PREMIER Bank lifted its position in shares of United Parcel Service by 5.0% during the 2nd quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock valued at $116,000 after acquiring an additional 50 shares during the period. Ullmann Financial Group Inc. bought a new stake in shares of United Parcel Service during the 1st quarter valued at $126,000. Finally, Security National Trust Co. lifted its position in shares of United Parcel Service by 8.9% during the 1st quarter. Security National Trust Co. now owns 1,244 shares of the transportation company’s stock valued at $134,000 after acquiring an additional 102 shares during the period. Hedge funds and other institutional investors own 52.93% of the company’s stock.
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.