Investors bought shares of United Parcel Service (NYSE:UPS) on weakness during trading on Monday. $117.77 million flowed into the stock on the tick-up and $73.78 million flowed out of the stock on the tick-down, for a money net flow of $43.99 million into the stock. Of all stocks tracked, United Parcel Service had the 12th highest net in-flow for the day. United Parcel Service traded down ($0.73) for the day and closed at $104.60
A number of brokerages have weighed in on UPS. Credit Suisse Group reiterated a “hold” rating and issued a $137.00 price objective on shares of United Parcel Service in a research note on Wednesday, January 17th. Robert W. Baird reiterated a “hold” rating and issued a $130.00 price objective on shares of United Parcel Service in a research note on Tuesday, January 9th. Deutsche Bank reiterated a “buy” rating and issued a $145.00 price objective (up previously from $135.00) on shares of United Parcel Service in a research note on Monday, January 8th. Knight Equity reiterated a “buy” rating and issued a $135.00 price objective (down previously from $145.00) on shares of United Parcel Service in a research note on Monday, January 8th. Finally, BMO Capital Markets boosted their price objective on United Parcel Service to $130.00 and gave the company a “market perform” rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. United Parcel Service currently has a consensus rating of “Hold” and a consensus target price of $125.26.
The company has a debt-to-equity ratio of 19.69, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market capitalization of $90,753.70, a P/E ratio of 17.40, a P/E/G ratio of 1.58 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 that occurred on Monday, February 26th. The stock was sold at an average price of $106.80, for a total transaction of $480,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.56% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the business. Chemical Bank raised its position in United Parcel Service by 9.3% in the fourth quarter. Chemical Bank now owns 11,252 shares of the transportation company’s stock worth $1,341,000 after acquiring an additional 957 shares in the last quarter. Green Square Capital LLC raised its position in United Parcel Service by 33.2% in the fourth quarter. Green Square Capital LLC now owns 75,806 shares of the transportation company’s stock worth $9,032,000 after acquiring an additional 18,915 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in United Parcel Service by 6.8% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 122,127 shares of the transportation company’s stock worth $14,551,000 after acquiring an additional 7,802 shares in the last quarter. Wagner Wealth Management LLC purchased a new position in United Parcel Service in the fourth quarter worth $115,000. Finally, KCM Investment Advisors LLC grew its holdings in United Parcel Service by 6.5% in the fourth quarter. KCM Investment Advisors LLC now owns 93,032 shares of the transportation company’s stock valued at $11,085,000 after purchasing an additional 5,710 shares during the last quarter. Hedge funds and other institutional investors own 54.06% 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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