Traders bought shares of United Parcel Service (NYSE:UPS) on weakness during trading hours on Tuesday. $134.59 million flowed into the stock on the tick-up and $69.32 million flowed out of the stock on the tick-down, for a money net flow of $65.27 million into the stock. Of all equities tracked, United Parcel Service had the 18th highest net in-flow for the day. United Parcel Service traded down ($0.89) for the day and closed at $108.22
Several analysts have issued reports on the stock. Credit Suisse Group reissued a “hold” rating and set a $137.00 target price on shares of United Parcel Service in a research note on Wednesday, January 17th. Robert W. Baird reissued a “hold” rating and set a $130.00 target price on shares of United Parcel Service in a research note on Tuesday, January 9th. Deutsche Bank reissued a “buy” rating and set a $145.00 target price (up from $135.00) on shares of United Parcel Service in a research note on Monday, January 8th. Knight Equity reissued a “buy” rating and set a $135.00 target price (down from $145.00) on shares of United Parcel Service in a research note on Monday, January 8th. Finally, BMO Capital Markets boosted their target price on shares of United Parcel Service to $130.00 and gave the company a “market perform” rating in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $124.73.
The company has a debt-to-equity ratio of 19.69, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market capitalization of $93,528.09, a price-to-earnings ratio of 18.01, a price-to-earnings-growth ratio of 1.63 and a beta of 1.03.
In other news, SVP Teri P. Mcclure sold 4,500 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $106.80, for a total value of $480,600.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.56% of the company’s stock.
A number of large investors have recently modified their holdings of UPS. Renaissance Technologies LLC bought a new stake in United Parcel Service in the fourth quarter worth $76,351,000. Bank of New York Mellon Corp boosted its holdings in United Parcel Service by 10.5% during the fourth quarter. Bank of New York Mellon Corp now owns 6,087,376 shares of the transportation company’s stock valued at $725,311,000 after acquiring an additional 577,544 shares during the period. Millennium Management LLC bought a new stake in United Parcel Service during the fourth quarter valued at about $59,380,000. Mackenzie Financial Corp boosted its holdings in United Parcel Service by 18.2% during the fourth quarter. Mackenzie Financial Corp now owns 2,790,072 shares of the transportation company’s stock valued at $332,437,000 after acquiring an additional 428,742 shares during the period. Finally, Bank of Montreal Can boosted its holdings in United Parcel Service by 49.3% during the fourth quarter. Bank of Montreal Can now owns 996,463 shares of the transportation company’s stock valued at $118,729,000 after acquiring an additional 328,966 shares during the period. Hedge funds and other institutional investors own 54.13% of the company’s stock.
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About United Parcel Service
United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
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