Traders Buy United Parcel Service, Inc. (UPS) on Weakness

Investors bought shares of United Parcel Service, Inc. (NYSE:UPS) on weakness during trading hours on Tuesday. $132.12 million flowed into the stock on the tick-up and $44.79 million flowed out of the stock on the tick-down, for a money net flow of $87.33 million into the stock. Of all companies tracked, United Parcel Service had the 5th highest net in-flow for the day. United Parcel Service traded down ($0.74) for the day and closed at $114.07

Several research firms have recently weighed in on UPS. Zacks Investment Research cut shares of United Parcel Service from a “hold” rating to a “sell” rating in a report on Monday, July 17th. BidaskClub raised shares of United Parcel Service from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. Credit Suisse Group AG reissued a “hold” rating and set a $116.00 price objective (up from $108.00) on shares of United Parcel Service in a report on Thursday, October 12th. They noted that the move was a valuation call. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $123.00 price objective on shares of United Parcel Service in a report on Monday, November 6th. Finally, BMO Capital Markets boosted their price objective on shares of United Parcel Service from $115.00 to $128.00 and gave the company a “market perform” rating in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $120.74.

The stock has a market capitalization of $98,440.00, a PE ratio of 18.93, a price-to-earnings-growth ratio of 2.04 and a beta of 0.92. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 9.33.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.45. The business had revenue of $15.98 billion during the quarter, compared to analyst estimates of $15.62 billion. United Parcel Service had a net margin of 5.58% and a return on equity of 551.29%. The company’s revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.44 earnings per share. sell-side analysts anticipate that United Parcel Service, Inc. will post 6.01 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Monday, November 13th will be given a $0.83 dividend. The ex-dividend date is Friday, November 10th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.89%. United Parcel Service’s payout ratio is currently 81.57%.

In related news, EVP Alan Gershenhorn sold 17,699 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $114.10, for a total transaction of $2,019,455.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.59% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of the stock. Beacon Investment Advisory Services Inc. bought a new position in shares of United Parcel Service during the third quarter worth $7,629,000. Madison Investment Holdings Inc. boosted its position in shares of United Parcel Service by 0.6% during the third quarter. Madison Investment Holdings Inc. now owns 243,985 shares of the transportation company’s stock worth $29,300,000 after acquiring an additional 1,447 shares during the last quarter. Bank of Nova Scotia Trust Co. boosted its position in shares of United Parcel Service by 6.1% during the third quarter. Bank of Nova Scotia Trust Co. now owns 30,919 shares of the transportation company’s stock worth $3,713,000 after acquiring an additional 1,768 shares during the last quarter. Zions Bancorporation boosted its position in shares of United Parcel Service by 8.0% during the third quarter. Zions Bancorporation now owns 9,282 shares of the transportation company’s stock worth $1,114,000 after acquiring an additional 687 shares during the last quarter. Finally, Vident Investment Advisory LLC bought a new position in shares of United Parcel Service during the third quarter worth $888,000. Hedge funds and other institutional investors own 53.07% of the company’s stock.

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United Parcel Service Company Profile

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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