Investors Sell Shares of United Parcel Service (UPS) on Strength (UPS)

Investors sold shares of United Parcel Service (NYSE:UPS) on strength during trading hours on Monday. $55.14 million flowed into the stock on the tick-up and $113.50 million flowed out of the stock on the tick-down, for a money net flow of $58.36 million out of the stock. Of all companies tracked, United Parcel Service had the 17th highest net out-flow for the day. United Parcel Service traded up $1.70 for the day and closed at $117.08

A number of brokerages have weighed in on UPS. Robert W. Baird reiterated a “hold” rating and issued a $120.00 price objective on shares of United Parcel Service in a research report on Tuesday, April 10th. BMO Capital Markets upped their price objective on shares of United Parcel Service to $130.00 and gave the stock a “market perform” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded shares of United Parcel Service from a “hold” rating to a “strong-buy” rating and set a $150.00 price objective for the company in a research report on Thursday, February 1st. Stephens reiterated a “hold” rating and issued a $126.00 price objective on shares of United Parcel Service in a research report on Monday, April 9th. Finally, Knight Equity downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $135.00 to $115.00 in a research report on Thursday, February 22nd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. United Parcel Service currently has an average rating of “Hold” and an average price target of $124.26.

The company has a market capitalization of $99.42 billion, a P/E ratio of 19.48, a PEG ratio of 1.73 and a beta of 1.02. The company has a debt-to-equity ratio of 14.84, a quick ratio of 1.22 and a current ratio of 1.22.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, April 26th. The transportation company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01. United Parcel Service had a net margin of 7.53% and a return on equity of 417.48%. The business had revenue of $17.11 billion during the quarter, compared to analysts’ expectations of $16.49 billion. During the same quarter in the previous year, the company earned $1.32 earnings per share. The company’s quarterly revenue was up 10.3% on a year-over-year basis. analysts anticipate that United Parcel Service will post 7.23 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 6th. Investors of record on Monday, May 21st will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Friday, May 18th. This represents a $3.64 annualized dividend and a yield of 3.11%. United Parcel Service’s dividend payout ratio is presently 60.57%.

In related news, SVP Teri P. Mcclure sold 4,500 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $106.80, for a total transaction of $480,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Norman M. Brothers, Jr. sold 1,500 shares of the company’s stock in a transaction dated Tuesday, May 1st. The shares were sold at an average price of $113.42, for a total transaction of $170,130.00. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Summit Trail Advisors LLC boosted its holdings in United Parcel Service by 9,926.3% in the 1st quarter. Summit Trail Advisors LLC now owns 331,670 shares of the transportation company’s stock valued at $332,000 after purchasing an additional 328,362 shares during the last quarter. WINTON GROUP Ltd boosted its holdings in United Parcel Service by 212.4% in the 1st quarter. WINTON GROUP Ltd now owns 6,427 shares of the transportation company’s stock valued at $673,000 after purchasing an additional 4,370 shares during the last quarter. Cypress Capital Group boosted its holdings in United Parcel Service by 55.1% in the 1st quarter. Cypress Capital Group now owns 6,327 shares of the transportation company’s stock valued at $663,000 after purchasing an additional 2,247 shares during the last quarter. Rational Advisors LLC boosted its holdings in United Parcel Service by 225.1% in the 1st quarter. Rational Advisors LLC now owns 7,653 shares of the transportation company’s stock valued at $801,000 after purchasing an additional 5,299 shares during the last quarter. Finally, Wesbanco Bank Inc. boosted its holdings in United Parcel Service by 22.0% in the 1st quarter. Wesbanco Bank Inc. now owns 56,298 shares of the transportation company’s stock valued at $5,892,000 after purchasing an additional 10,150 shares during the last quarter. 53.60% of the stock is owned by institutional investors.

United Parcel Service Company Profile

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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