United Parcel Service, Inc. (NYSE:UPS) insider Norman M. Brothers, Jr. sold 13,337 shares of the company’s stock in a transaction on Monday, February 22nd. The stock was sold at an average price of $159.64, for a total transaction of $2,129,118.68.
Shares of NYSE:UPS traded up $1.06 during trading hours on Monday, hitting $161.60. 3,893,507 shares of the company’s stock traded hands, compared to its average volume of 3,850,015. The firm has a market capitalization of $139.69 billion, a P/E ratio of 30.52, a price-to-earnings-growth ratio of 2.47 and a beta of 0.98. The business has a fifty day moving average price of $161.21 and a 200-day moving average price of $164.30. United Parcel Service, Inc. has a 1 year low of $82.00 and a 1 year high of $178.01. The company has a debt-to-equity ratio of 4.16, a current ratio of 1.29 and a quick ratio of 1.29.
United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, February 2nd. The transportation company reported $2.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.14 by $0.52. United Parcel Service had a return on equity of 161.20% and a net margin of 5.71%. The company had revenue of $24.90 billion during the quarter, compared to analysts’ expectations of $22.85 billion. During the same quarter in the previous year, the business earned $2.11 EPS. United Parcel Service’s revenue was up 21.0% compared to the same quarter last year. As a group, equities analysts predict that United Parcel Service, Inc. will post 7.68 earnings per share for the current year.
UPS has been the topic of several research analyst reports. Oppenheimer reiterated a “buy” rating and issued a $186.00 price target on shares of United Parcel Service in a research note on Sunday, November 1st. Barclays boosted their target price on United Parcel Service from $145.00 to $155.00 and gave the stock an “underweight” rating in a research report on Monday, January 11th. JPMorgan Chase & Co. set a $180.00 price target on United Parcel Service and gave the company a “neutral” rating in a report on Wednesday, February 3rd. Argus upped their price objective on United Parcel Service from $156.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, October 29th. Finally, Morgan Stanley increased their target price on United Parcel Service from $74.00 to $80.00 and gave the company an “underweight” rating in a research report on Wednesday, February 3rd. Four investment analysts have rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. United Parcel Service has a consensus rating of “Hold” and a consensus price target of $157.91.
A number of hedge funds have recently bought and sold shares of the stock. JJJ Advisors Inc. boosted its position in United Parcel Service by 243.8% in the 4th quarter. JJJ Advisors Inc. now owns 165 shares of the transportation company’s stock valued at $28,000 after buying an additional 117 shares during the period. Oder Investment Management LLC bought a new stake in shares of United Parcel Service during the fourth quarter valued at approximately $29,000. Inspire Advisors LLC purchased a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $29,000. West Financial Advisors LLC purchased a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $34,000. Finally, McCarthy Asset Management Inc. bought a new position in United Parcel Service in the fourth quarter worth approximately $35,000. 55.68% of the stock is currently owned by institutional investors.
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.
Further Reading: Profit margin is different from the revenue
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