Investors Buy United Parcel Service (UPS) on Weakness

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Investors bought shares of United Parcel Service, Inc. (NYSE:UPS) on weakness during trading hours on Thursday. $192.14 million flowed into the stock on the tick-up and $131.25 million flowed out of the stock on the tick-down, for a money net flow of $60.89 million into the stock. Of all equities tracked, United Parcel Service had the 4th highest net in-flow for the day. United Parcel Service traded down ($2.50) for the day and closed at $105.88

A number of equities research analysts recently weighed in on UPS shares. Stifel Nicolaus raised shares of United Parcel Service from a “hold” rating to a “buy” rating and lowered their target price for the company from $127.00 to $121.00 in a research note on Tuesday, March 6th. Loop Capital lifted their price target on shares of United Parcel Service to $139.00 and gave the stock a “buy” rating in a research note on Wednesday, May 30th. Bank of America raised shares of United Parcel Service from a “neutral” rating to a “buy” rating in a research note on Monday, May 14th. Robert W. Baird reissued a “hold” rating and set a $120.00 price target on shares of United Parcel Service in a research note on Tuesday, April 10th. Finally, Stephens reissued a “hold” rating and set a $126.00 price target on shares of United Parcel Service in a research note on Monday, April 9th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $124.47.

The company has a debt-to-equity ratio of 14.84, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market capitalization of $94.42 billion, a P/E ratio of 17.62, a price-to-earnings-growth ratio of 1.64 and a beta of 1.03.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, April 26th. The transportation company reported $1.55 EPS for the quarter, topping the consensus estimate 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 company had revenue of $17.11 billion for the quarter, compared to the consensus estimate of $16.49 billion. During the same period in the previous year, the firm earned $1.32 earnings per share. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. analysts predict that United Parcel Service, Inc. will post 7.23 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 6th. Investors of record on Monday, May 21st were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend was Friday, May 18th. United Parcel Service’s payout ratio is 60.57%.

In related news, SVP Norman M. Brothers, Jr. sold 1,500 shares of United Parcel Service stock in a transaction on Tuesday, May 1st. The shares were sold at an average price of $113.42, for a total value of $170,130.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.56% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Segall Bryant & Hamill LLC boosted its holdings in United Parcel Service by 0.6% in the first quarter. Segall Bryant & Hamill LLC now owns 69,630 shares of the transportation company’s stock valued at $7,287,000 after acquiring an additional 439 shares in the last quarter. Gould Asset Management LLC CA boosted its holdings in United Parcel Service by 27.8% in the fourth quarter. Gould Asset Management LLC CA now owns 2,300 shares of the transportation company’s stock valued at $274,000 after acquiring an additional 500 shares in the last quarter. Granite Springs Asset Management LLC boosted its holdings in United Parcel Service by 28.3% in the first quarter. Granite Springs Asset Management LLC now owns 2,273 shares of the transportation company’s stock valued at $238,000 after acquiring an additional 502 shares in the last quarter. Assetmark Inc. boosted its holdings in United Parcel Service by 2.3% in the fourth quarter. Assetmark Inc. now owns 24,662 shares of the transportation company’s stock valued at $2,926,000 after acquiring an additional 545 shares in the last quarter. Finally, Sandy Spring Bank boosted its holdings in United Parcel Service by 2.7% in the first quarter. Sandy Spring Bank now owns 20,735 shares of the transportation company’s stock valued at $2,170,000 after acquiring an additional 545 shares in the last quarter. Institutional investors and hedge funds own 53.45% of the company’s stock.

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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