Investors purchased shares of United Parcel Service, Inc. (NYSE:UPS) on weakness during trading on Wednesday. $76.64 million flowed into the stock on the tick-up and $41.13 million flowed out of the stock on the tick-down, for a money net flow of $35.51 million into the stock. Of all stocks tracked, United Parcel Service had the 16th highest net in-flow for the day. United Parcel Service traded down ($0.71) for the day and closed at $119.00

Several research firms have weighed in on UPS. Robert W. Baird reiterated a “hold” rating and issued a $118.00 target price on shares of United Parcel Service in a report on Sunday. Cowen and Company reiterated a “hold” rating on shares of United Parcel Service in a report on Tuesday, September 26th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $123.00 target price (up from $116.00) on shares of United Parcel Service in a report on Wednesday, September 20th. Credit Suisse Group reiterated a “neutral” rating and issued a $108.00 target price on shares of United Parcel Service in a report on Tuesday, August 15th. Finally, BidaskClub upgraded shares of United Parcel Service from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $115.27.

The firm has a market cap of $103.05 billion, a PE ratio of 29.26 and a beta of 0.90. The firm has a 50 day moving average of $116.22 and a 200 day moving average of $110.20.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.46 by $0.12. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. The business had revenue of $15.75 billion for the quarter, compared to analysts’ expectations of $15.49 billion. During the same period last year, the company earned $1.43 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. On average, analysts predict that United Parcel Service, Inc. will post $6.01 earnings per share for the current year.

In other United Parcel Service news, insider James J. Barber sold 3,556 shares of United Parcel Service stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $110.85, for a total transaction of $394,182.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Alan Gershenhorn sold 17,699 shares of United Parcel Service stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders own 0.59% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Bank of The Ozarks lifted its position in United Parcel Service by 17.9% during the first quarter. Bank of The Ozarks now owns 5,823 shares of the transportation company’s stock valued at $625,000 after buying an additional 886 shares in the last quarter. Airain ltd acquired a new position in United Parcel Service during the first quarter valued at approximately $762,000. Vanguard Group Inc. lifted its position in United Parcel Service by 2.2% during the first quarter. Vanguard Group Inc. now owns 47,140,675 shares of the transportation company’s stock valued at $5,058,196,000 after buying an additional 1,030,326 shares in the last quarter. Bragg Financial Advisors Inc lifted its position in United Parcel Service by 374.8% during the first quarter. Bragg Financial Advisors Inc now owns 30,853 shares of the transportation company’s stock valued at $657,000 after buying an additional 24,355 shares in the last quarter. Finally, IBM Retirement Fund lifted its position in United Parcel Service by 72.5% during the second quarter. IBM Retirement Fund now owns 16,882 shares of the transportation company’s stock valued at $2,087,000 after buying an additional 7,094 shares in the last quarter. 52.86% of the stock is currently owned by hedge funds and other institutional investors.

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About United Parcel Service

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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