The stock of United Parcel Service, Inc. (NYSE:UPS) is a huge mover today! About 677,620 shares traded hands. United Parcel Service, Inc. (NYSE:UPS) has risen 8.38% since March 8, 2016 and is uptrending. It has underperformed by 0.94% the S&P500.
The move comes after 9 months positive chart setup for the $95.67 billion company. It was reported on Oct, 11 by Barchart.com. We have $183.70 PT which if reached, will make NYSE:UPS worth $66.01 billion more.
Analysts await United Parcel Service, Inc. (NYSE:UPS) to report earnings on October, 25. They expect $1.43 EPS, up 2.88% or $0.04 from last year’s $1.39 per share. UPS’s profit will be $1.26 billion for 19.00 P/E if the $1.43 EPS becomes a reality. After $1.43 actual EPS reported by United Parcel Service, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
United Parcel Service, Inc. (NYSE:UPS) Ratings Coverage
Out of 9 analysts covering United Parcel Service (NYSE:UPS), 4 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 44% are positive. United Parcel Service has been the topic of 16 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock of United Parcel Service, Inc. (NYSE:UPS) has “Buy” rating given on Wednesday, July 29 by S&P Research. The rating was maintained by Citigroup with “Neutral” on Friday, April 29. The firm has “Underweight” rating by Morgan Stanley given on Tuesday, February 23. The stock has “Buy” rating given by Argus Research on Tuesday, August 2. The firm earned “Hold” rating on Tuesday, August 25 by Zacks. The rating was maintained by S&P Research with “Buy” on Tuesday, September 22. Zacks upgraded United Parcel Service, Inc. (NYSE:UPS) on Tuesday, September 1 to “Hold” rating. Macquarie Research maintained the stock with “Neutral” rating in Wednesday, October 28 report. On Friday, August 14 the stock rating was downgraded by Zacks to “Buy”. The firm has “Outperform” rating by Oppenheimer given on Wednesday, February 3.
According to Zacks Investment Research, “United Parcel Service, Inc. is the world’s largest express carrier, the world’s largest package delivery company and a leading global provider of specialized transportation and logistics services. Their primary business is the time-definite delivery of packages and documents throughout the United States and in over 200 other countries and territories. They have established a vast and reliable global transportation infrastructure, developed a comprehensive, competitive and guaranteed portfolio of services and consistently supported these services with advanced technology.”
Insitutional Activity: The institutional sentiment decreased to 1.09 in Q2 2016. Its down 0.04, from 1.13 in 2016Q1. The ratio turned negative, as 66 funds sold all United Parcel Service, Inc. shares owned while 406 reduced positions. 89 funds bought stakes while 424 increased positions. They now own 457.99 million shares or 5.18% less from 483.01 million shares in 2016Q1.
First Manhattan Communications last reported 365,376 shares in the company. Wellington Shields And Ltd Co has 2,300 shares for 0.15% of their US portfolio. Park National Oh has 98,107 shares for 0.67% of their US portfolio. Stephens Mngmt Grp Ltd has 330 shares for 0% of their US portfolio. Ancora Limited Liability Com holds 0.28% or 22,466 shares in its portfolio. Moreover, Riggs Asset Managment has 0% invested in United Parcel Service, Inc. (NYSE:UPS) for 46 shares. Winton Cap Group Incorporated Limited has 0.07% invested in the company for 38,251 shares. Inv Of Virginia Limited Liability last reported 31,865 shares in the company. Moreover, Letko Brosseau And Assocs has 1.1% invested in United Parcel Service, Inc. (NYSE:UPS) for 1.07M shares. The New York-based Grisanti Mgmt Limited Liability Corporation has invested 6.03% in United Parcel Service, Inc. (NYSE:UPS). Merriman Wealth Mgmt accumulated 4.21% or 138,598 shares. Cap Advsr Ltd Company holds 0% of its portfolio in United Parcel Service, Inc. (NYSE:UPS) for 30 shares. Ardevora Asset Mgmt Ltd Liability Partnership, a United Kingdom-based fund reported 200,903 shares. Beacon Fincl Grp has invested 1.85% of its portfolio in United Parcel Service, Inc. (NYSE:UPS). Moreover, Amf Pensionsforsakring Ab has 0.55% invested in United Parcel Service, Inc. (NYSE:UPS) for 398,423 shares.
Insider Transactions: Since May 25, 2016, the stock had 0 insider purchases, and 2 insider sales for $1.45 million net activity. $249,004 worth of United Parcel Service, Inc. (NYSE:UPS) shares were sold by Barber James J.. Another trade for 11,712 shares valued at $1.20M was sold by BARNES DAVID A.
Another recent and important United Parcel Service, Inc. (NYSE:UPS) news was published by Fool.com which published an article titled: “Why United Parcel Service and FedEx Corporation Are Hiking Prices” on October 01, 2016.
UPS Company Profile
United Parcel Service, Inc. (UPS), incorporated on July 15, 1999, is a package delivery company. The Firm is a well-known provider of global supply chain management solutions. It delivers packages each business day in over 220 countries and territories. The Firm operates in three divisions: U.S. Domestic Package, International Package, and Supply Chain & Freight. WorldShip, a desktop shipping application of UPS, provides middle market and large clients with shipping capabilities. Customers can create custom labels, set up shipment alerts, create and upload customs documentation, track and export shipments, create reports and integrate with their enterprise resource planning and accounting systems to streamline shipping with real-time connectivity. UPS marketplace shipping, which integrates www.ups.com with eBay and Amazon, allows marketplace sellers to ship their orders via www.ups.com or WorldShip. UPS marketplace shipping provides shipment processing; multiple payment options, including PayPal; order and shipment history, and automatic tracking updates. It also provides customizable supply chain control and visibility. The Firm serves the global market for logistics services, which include transportation, distribution, forwarding, ground freight, ocean freight, air freight, brokerage and financing.
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