Investors Buy Shares of United Parcel Service (UPS) on Weakness

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.

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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.



United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, February 1st. The transportation company reported $1.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.01. United Parcel Service had a net margin of 7.45% and a return on equity of 477.77%. The business had revenue of $18.83 billion for the quarter, compared to the consensus estimate of $18.20 billion. During the same period in the prior year, the business posted $1.63 earnings per share. United Parcel Service’s revenue for the quarter was up 11.2% compared to the same quarter last year. equities research analysts predict that United Parcel Service will post 7.22 EPS for the current fiscal year.

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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