Traders Sell United Parcel Service, Inc. (UPS) on Strength (UPS)

Investors sold shares of United Parcel Service, Inc. (NYSE:UPS) on strength during trading on Tuesday. $49.45 million flowed into the stock on the tick-up and $77.03 million flowed out of the stock on the tick-down, for a money net flow of $27.58 million out of the stock. Of all equities tracked, United Parcel Service had the 0th highest net out-flow for the day. United Parcel Service traded up $0.03 for the day and closed at $111.89

UPS has been the subject of several recent analyst reports. Zacks Investment Research raised shares of United Parcel Service from a “sell” rating to a “hold” rating in a research note on Monday, May 1st. BidaskClub raised shares of United Parcel Service from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $116.00 price objective on shares of United Parcel Service in a research note on Friday, May 19th. Cowen and Company reaffirmed a “hold” rating on shares of United Parcel Service in a research note on Wednesday, July 19th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $127.00 price objective on shares of United Parcel Service in a research note on Monday, July 3rd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $114.79.

The stock’s 50 day moving average is $110.96 and its 200 day moving average is $108.07. The company has a market capitalization of $96.64 billion, a price-to-earnings ratio of 27.44 and a beta of 0.88.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, July 27th. The transportation company reported $1.58 earnings per share (EPS) 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 business had revenue of $15.75 billion during the quarter, compared to analyst estimates of $15.49 billion. During the same period last year, the firm posted $1.43 EPS. The company’s revenue was up 7.7% on a year-over-year basis. Equities research analysts anticipate that United Parcel Service, Inc. will post $6.01 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Monday, August 14th will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date is Thursday, August 10th. United Parcel Service’s dividend payout ratio (DPR) is currently 81.57%.

In related news, insider James J. Barber sold 3,556 shares of the firm’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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Kathleen M. Gutmann sold 2,000 shares of the firm’s 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 disclosure for this sale can be found here. Company insiders own 0.59% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of UPS. Vanguard Group Inc. raised its position in United Parcel Service by 2.2% in the first quarter. Vanguard Group Inc. now owns 47,140,675 shares of the transportation company’s stock worth $5,058,196,000 after buying an additional 1,030,326 shares during the period. BlackRock Inc. raised its position in United Parcel Service by 2,550.9% in the first quarter. BlackRock Inc. now owns 45,051,373 shares of the transportation company’s stock worth $4,834,013,000 after buying an additional 43,351,873 shares during the period. Wellington Management Group LLP raised its position in United Parcel Service by 4.0% in the first quarter. Wellington Management Group LLP now owns 29,387,614 shares of the transportation company’s stock worth $3,153,291,000 after buying an additional 1,117,802 shares during the period. Massachusetts Financial Services Co. MA raised its position in United Parcel Service by 5.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 24,295,470 shares of the transportation company’s stock worth $2,606,905,000 after buying an additional 1,246,981 shares during the period. Finally, Clearbridge Investments LLC raised its position in United Parcel Service by 10.0% in the first quarter. Clearbridge Investments LLC now owns 6,520,411 shares of the transportation company’s stock worth $699,640,000 after buying an additional 593,756 shares during the period. 53.10% of the stock is owned by hedge funds and other institutional investors.

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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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