Investors Buy United Parcel Service (UPS) on Weakness

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.

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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.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, February 1st. The transportation company reported $1.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.01. United Parcel Service had a return on equity of 477.77% and a net margin of 7.45%. The business had revenue of $18.83 billion during the quarter, compared to analysts’ expectations of $18.20 billion. During the same quarter in the prior year, the business earned $1.63 earnings per share. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. analysts forecast that United Parcel Service will post 7.23 earnings per share for the current fiscal year.

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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