Price Action Don’t Lie: Could United Parcel Service, Inc. See a Reversal After Breaking Its 52-Week High?

Price Action Don't Lie: Could United Parcel Service, Inc. See a Reversal After Breaking Its 52 Week High?

The stock of United Parcel Service, Inc. (NYSE:UPS) hit a new 52-week high and has $117.94 target or 3.00% above today’s $114.50 share price. The 8 months bullish chart indicates low risk for the $100.45 billion company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $117.94 price target is reached, the company will be worth $3.01 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 476,680 shares traded hands. United Parcel Service, Inc. (NYSE:UPS) has risen 8.03% since April 20, 2016 and is uptrending. It has outperformed by 3.48% the S&P500.

United Parcel Service, Inc. (NYSE:UPS) Ratings Coverage

Out of 11 analysts covering United Parcel Service (NYSE:UPS), 5 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 45% are positive. United Parcel Service has been the topic of 18 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by Zacks given on Tuesday, September 1. On Wednesday, July 29 the stock rating was maintained by S&P Research with “Buy”. Deutsche Bank initiated it with “Hold” rating and $117 target price in Wednesday, November 2 report. The stock of United Parcel Service, Inc. (NYSE:UPS) has “Buy” rating given on Thursday, September 17 by Zacks. The rating was maintained by Cowen & Co with “Market Perform” on Friday, April 29. The rating was downgraded by Zacks to “Buy” on Friday, August 14. Zacks upgraded United Parcel Service, Inc. (NYSE:UPS) rating on Tuesday, August 25. Zacks has “Hold” rating and $107 price target. Macquarie Research maintained the stock with “Neutral” rating in Wednesday, October 28 report. Morgan Stanley reinitiated the shares of UPS in a report on Tuesday, February 23 with “Underweight” rating. The stock of United Parcel Service, Inc. (NYSE:UPS) has “Outperform” rating given on Wednesday, February 3 by Oppenheimer.

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 1.05 in 2016 Q2. Its down 0.04, from 1.09 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.
Waters Parkerson Com Limited Liability Com has 1.28% invested in the company for 111,251 shares. Putnam Fl Investment Mngmt Com accumulated 0.18% or 13,936 shares. Associated Banc holds 0.5% of its portfolio in United Parcel Service, Inc. (NYSE:UPS) for 72,509 shares. The Wisconsin-based Johnson Grp Inc has invested 0.34% in United Parcel Service, Inc. (NYSE:UPS). Hancock Hldgs owns 2,114 shares or 0.01% of their US portfolio. Butensky Cohen Fincl Security holds 0% of its portfolio in United Parcel Service, Inc. (NYSE:UPS) for 32 shares. Bancshares Of America Corporation De has 0.32% invested in the company for 12.93M shares. Intact Inv accumulated 0.42% or 95,600 shares. The California-based Ep Wealth Advsr has invested 1.06% in United Parcel Service, Inc. (NYSE:UPS). The North Carolina-based Bragg Fincl Advsrs Incorporated has invested 0.16% in United Parcel Service, Inc. (NYSE:UPS). Rnc Mngmt Limited Liability Corporation holds 2.21% or 219,721 shares in its portfolio. Edge Wealth accumulated 0.52% or 11,566 shares. Baldwin Brothers Ma last reported 0% of its portfolio in the stock. Lodestar Counsel Il has invested 1.15% of its portfolio in United Parcel Service, Inc. (NYSE:UPS). New England Research And Management Inc accumulated 5,300 shares or 0.49% of the stock.

Insider Transactions: Since May 25, 2016, the stock had 0 insider buys, and 1 insider sale for $249,004 net activity. BARNES DAVID A sold $1.20 million worth of stock. $249,004 worth of shares were sold by Barber James J. on Friday, August 12.

More notable recent United Parcel Service, Inc. (NYSE:UPS) news were published by: Investorplace.com which released: “Trade of the Day: United Parcel Service, Inc. (UPS) Stock Will Deliver” on November 21, 2016, also Fool.com with their article: “United Parcel Service, Inc. Grows Profits, but Margin Declines” published on October 28, 2016, Bloomberg.com published: “UPS Drops After Announcing Multibillion-Dollar Plane Purchase” on October 27, 2016. More interesting news about United Parcel Service, Inc. (NYSE:UPS) were released by: Investorplace.com and their article: “UPS Strike? United Parcel Service, Inc. Aircraft Workers Vote ‘Yes'” published on November 14, 2016 as well as Investorplace.com‘s news article titled: “Trade of the Day: United Parcel Service, Inc. (NYSE:UPS)” with publication date: November 07, 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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