Traders Buy United Parcel Service, Inc. (UPS) on Weakness on Insider Selling

Investors bought shares of United Parcel Service, Inc. (NYSE:UPS) on weakness during trading on Tuesday following insider selling activity. $81.56 million flowed into the stock on the tick-up and $43.01 million flowed out of the stock on the tick-down, for a money net flow of $38.55 million into the stock. Of all companies tracked, United Parcel Service had the 12th highest net in-flow for the day. United Parcel Service traded down ($0.12) for the day and closed at $110.17Specifically, insider James J. Barber sold 3,556 shares of United Parcel Service stock in a transaction on Monday, July 31st. The stock was 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 Securities & Exchange Commission, which can be accessed through this link. Also, SVP Kathleen M. Gutmann sold 2,000 shares of the business’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $107.49, for a total value of $214,980.00. The disclosure for this sale can be found here. Insiders own 0.59% of the company’s stock.

Several equities research analysts have recently weighed in on UPS shares. Zacks Investment Research raised United Parcel Service from a “sell” rating to a “hold” rating in a research report on Monday, May 1st. BidaskClub raised United Parcel Service from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $116.00 price target on shares of United Parcel Service in a research note on Friday, May 19th. Cowen and Company restated a “hold” rating on shares of United Parcel Service in a research note on Wednesday, July 19th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $127.00 price objective on shares of United Parcel Service in a research note on Monday, July 3rd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $114.57.

The stock has a 50-day moving average price of $111.59 and a 200 day moving average price of $107.96. The firm has a market capitalization of $98.15 billion, a price-to-earnings ratio of 27.87 and a beta of 0.88.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Monday, August 14th will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Thursday, August 10th. United Parcel Service’s dividend payout ratio is 81.57%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. V Wealth Management LLC purchased a new position in United Parcel Service during the second quarter worth about $102,000. Tompkins Financial Corp boosted its position in United Parcel Service by 8.1% in the first quarter. Tompkins Financial Corp now owns 1,001 shares of the transportation company’s stock worth $106,000 after buying an additional 75 shares during the period. Parkside Financial Bank & Trust boosted its position in United Parcel Service by 17.3% in the first quarter. Parkside Financial Bank & Trust now owns 1,087 shares of the transportation company’s stock worth $116,000 after buying an additional 160 shares during the period. First PREMIER Bank boosted its position in United Parcel Service by 5.0% in the second quarter. First PREMIER Bank now owns 1,047 shares of the transportation company’s stock worth $116,000 after buying an additional 50 shares during the period. Finally, Ullmann Financial Group Inc. purchased a new position in United Parcel Service during the first quarter worth about $126,000. Hedge funds and other institutional investors own 52.90% of the company’s stock.

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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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