A number of other equities research analysts have also commented on the stock. Wells Fargo & Co assumed coverage on shares of United Parcel Service in a report on Monday, October 28th. They set an “outperform” rating and a $138.00 price objective on the stock. Morgan Stanley decreased their price objective on shares of United Parcel Service from $85.00 to $78.00 and set an “underweight” rating on the stock in a report on Thursday. BMO Capital Markets lowered shares of United Parcel Service from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $125.00 to $123.00 in a report on Tuesday. JPMorgan Chase & Co. set a $135.00 price objective on shares of United Parcel Service and gave the stock a “neutral” rating in a report on Friday, October 4th. Finally, GMP Securities raised shares of United Parcel Service to a “reduce” rating in a report on Monday, October 28th. Three analysts have rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $121.52.
NYSE:UPS traded up $0.16 during mid-day trading on Thursday, reaching $116.95. 4,320,625 shares of the company were exchanged, compared to its average volume of 3,153,013. United Parcel Service has a 12 month low of $89.89 and a 12 month high of $125.31. The company has a fifty day moving average of $119.42 and a 200 day moving average of $113.00. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 4.27. The stock has a market cap of $101.34 billion, a PE ratio of 16.15, a PEG ratio of 1.80 and a beta of 1.22.
In other United Parcel Service news, COO James J. Barber sold 1,500 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $116.43, for a total transaction of $174,645.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.17% of the company’s stock.
Several large investors have recently made changes to their positions in UPS. Capital Advisors Ltd. LLC raised its position in shares of United Parcel Service by 65.0% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 297 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 117 shares during the period. Kavar Capital Partners LLC acquired a new stake in shares of United Parcel Service in the 2nd quarter valued at approximately $38,000. NumerixS Investment Technologies Inc acquired a new stake in shares of United Parcel Service in the 2nd quarter valued at approximately $38,000. Earnest Partners LLC acquired a new stake in shares of United Parcel Service in the 2nd quarter valued at approximately $40,000. Finally, Glassman Wealth Services raised its position in shares of United Parcel Service by 22.5% in the 3rd quarter. Glassman Wealth Services now owns 501 shares of the transportation company’s stock valued at $60,000 after acquiring an additional 92 shares during the period. Institutional investors and hedge funds own 55.81% 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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