Worth Watching: What’s United Parcel Service, Inc. Upside After Achieving All Time High?

Worth Watching: What's United Parcel Service, Inc. Upside After Achieving All Time High?

The stock of United Parcel Service, Inc. (NYSE:UPS) reached all time high today, Nov, 22 and still has $119.07 target or 4.00% above today’s $114.49 share price. This indicates more upside for the $100.44B company. This technical setup was reported by Barchart.com. If the $119.07 PT is reached, the company will be worth $4.02 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 789,219 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 company was upgraded on Tuesday, September 1 by Zacks. The firm has “Neutral” rating by Macquarie Research given on Wednesday, October 28. Argus Research maintained the stock with “Buy” rating in Tuesday, August 2 report. Zacks upgraded the shares of UPS in a report on Tuesday, August 25 to “Hold” rating. Zacks downgraded the stock to “Buy” rating in Friday, August 14 report. S&P Research maintained the shares of UPS in a report on Wednesday, July 29 with “Buy” rating. The stock has “Neutral” rating given by Citigroup on Friday, April 29. Morgan Stanley reinitiated the shares of UPS in a report on Tuesday, February 23 with “Underweight” rating. Zacks upgraded United Parcel Service, Inc. (NYSE:UPS) on Thursday, September 17 to “Buy” rating. The rating was maintained by Oppenheimer on Wednesday, February 3 with “Outperform”.

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 fall, 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.
The Oregon-based Ferguson Wellman Management Incorporated has invested 0.02% in United Parcel Service, Inc. (NYSE:UPS). Gemmer Asset Mgmt Limited Liability has 0.02% invested in the company for 383 shares. Advisor Prtnrs Limited Liability Company owns 11,368 shares or 0.43% of their US portfolio. Jane Street Gru owns 4,485 shares or 0% of their US portfolio. Alphamark Advisors last reported 0.01% of its portfolio in the stock. Legal & General Public Limited Liability Com has invested 0.4% of its portfolio in United Parcel Service, Inc. (NYSE:UPS). The Massachusetts-based Eaton Vance Mgmt has invested 0.41% in United Parcel Service, Inc. (NYSE:UPS). Wellington Shields Communication Lc reported 2,300 shares or 0.15% of all its holdings. Fuller Thaler Asset Mgmt reported 6,100 shares or 0.01% of all its holdings. Cls Ltd accumulated 0.01% or 2,797 shares. Pensionfund Dsm Netherlands has 0.73% invested in the company for 50,900 shares. Wealthcare Cap Management Ltd Liability Corp owns 12 shares or 0% of their US portfolio. Foothills Asset holds 21,530 shares or 1.83% of its portfolio. Td Asset Mgmt Inc has invested 0.3% of its portfolio in United Parcel Service, Inc. (NYSE:UPS). Cordasco Network accumulated 0.02% or 150 shares.

Insider Transactions: Since May 25, 2016, the stock had 0 buys, and 1 sale for $249,004 net activity. The insider Barber James J. sold $249,004. 11,712 United Parcel Service, Inc. (NYSE:UPS) shares with value of $1.20M were sold by BARNES DAVID A.

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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