TheStreet upgraded shares of United Parcel Service, Inc. (NYSE:UPS) from a c rating to a b rating in a research report sent to investors on Thursday morning.
UPS has been the topic of a number of other reports. Zacks Investment Research lowered shares of United Parcel Service from a hold rating to a sell rating in a research report on Monday, July 17th. Cowen and Company reiterated a hold rating on shares of United Parcel Service in a research report on Wednesday, July 19th. Oppenheimer Holdings, Inc. reiterated an outperform rating and issued a $116.00 price objective on shares of United Parcel Service in a research report on Friday, May 19th. Sanford C. Bernstein reiterated an outperform rating and issued a $127.00 price objective on shares of United Parcel Service in a research report on Monday, July 3rd. Finally, BidaskClub upgraded shares of United Parcel Service from a sell rating to a hold rating in a research report on Wednesday, June 28th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. United Parcel Service presently has a consensus rating of Hold and a consensus target price of $114.57.
United Parcel Service (UPS) traded up 1.73% during trading on Thursday, hitting $109.66. 4,274,849 shares of the company traded hands. The company’s 50-day moving average is $110.53 and its 200 day moving average is $108.24. The firm has a market cap of $95.62 billion, a price-to-earnings ratio of 26.96 and a beta of 0.88. United Parcel Service has a 52-week low of $102.12 and a 52-week high of $120.44.
United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, July 27th. The transportation company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.12. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. The firm had revenue of $15.75 billion for the quarter, compared to analyst estimates of $15.49 billion. During the same period last year, the firm posted $1.43 EPS. United Parcel Service’s quarterly revenue was up 7.7% on a year-over-year basis. On average, equities analysts anticipate that United Parcel Service will post $5.98 earnings per share for the current year.
In other news, SVP Kathleen M. Gutmann sold 2,000 shares of United Parcel Service stock in a transaction on Monday, June 5th. The stock was sold at an average price of $107.49, for a total transaction of $214,980.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.59% of the company’s stock.
A number of hedge funds have recently bought and sold shares of UPS. Access Financial Services Inc. bought a new stake in United Parcel Service during the fourth quarter worth approximately $1,137,000. Wealthfront Inc. boosted its stake in United Parcel Service by 15.1% in the fourth quarter. Wealthfront Inc. now owns 18,623 shares of the transportation company’s stock worth $2,135,000 after buying an additional 2,443 shares in the last quarter. Perigon Wealth Management LLC boosted its stake in United Parcel Service by 35.7% in the fourth quarter. Perigon Wealth Management LLC now owns 6,244 shares of the transportation company’s stock worth $666,000 after buying an additional 1,642 shares in the last quarter. USA Financial Portformulas Corp boosted its stake in United Parcel Service by 317.1% in the fourth quarter. USA Financial Portformulas Corp now owns 30,769 shares of the transportation company’s stock worth $3,527,000 after buying an additional 23,392 shares in the last quarter. Finally, HighPoint Advisor Group LLC boosted its stake in United Parcel Service by 888.0% in the fourth quarter. HighPoint Advisor Group LLC now owns 179,121 shares of the transportation company’s stock worth $1,914,000 after buying an additional 160,991 shares in the last quarter. Hedge funds and other institutional investors own 53.24% 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.
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