United Parcel Service, Inc. (NYSE:UPS) – Investment analysts at Seaport Global Securities reduced their Q3 2017 earnings per share estimates for shares of United Parcel Service in a report released on Friday. Seaport Global Securities analyst K. Sterling now expects that the transportation company will post earnings per share of $1.44 for the quarter, down from their prior estimate of $1.45. Seaport Global Securities currently has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for United Parcel Service’s Q4 2017 earnings at $1.67 EPS, FY2017 earnings at $6.01 EPS, Q1 2018 earnings at $1.42 EPS, Q2 2018 earnings at $1.56 EPS, Q3 2018 earnings at $1.57 EPS and FY2018 earnings at $6.38 EPS.
A number of other brokerages have also recently issued reports on UPS. Zacks Investment Research cut United Parcel Service from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Cowen and Company reissued a “hold” rating on shares of United Parcel Service in a report on Wednesday, July 19th. BidaskClub raised United Parcel Service from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Sanford C. Bernstein reissued an “outperform” rating and set a $127.00 price objective on shares of United Parcel Service in a report on Monday, July 3rd. Finally, TheStreet raised United Parcel Service from a “c” rating to a “b” rating in a report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $114.57.
United Parcel Service (UPS) opened at 110.17 on Monday. The company has a 50 day moving average price of $110.66 and a 200-day moving average price of $108.10. The company has a market cap of $95.30 billion, a PE ratio of 27.09 and a beta of 0.88. United Parcel Service has a 12 month low of $102.12 and a 12 month high of $120.44.
United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Thursday, July 27th. The transportation company reported $1.58 EPS for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.12. United Parcel Service had a return on equity of 417.18% and a net margin of 5.68%. The company had revenue of $15.75 billion for the quarter, compared to analysts’ expectations of $15.49 billion. During the same quarter last year, the business earned $1.43 earnings per share. United Parcel Service’s revenue was up 7.7% on a year-over-year basis.
Several institutional investors have recently made changes to their positions in the stock. M Holdings Securities Inc. raised its position in shares of United Parcel Service by 3.7% in the fourth quarter. M Holdings Securities Inc. now owns 4,270 shares of the transportation company’s stock valued at $489,000 after buying an additional 152 shares during the period. Pegasus Partners Ltd. raised its position in shares of United Parcel Service by 2.8% in the fourth quarter. Pegasus Partners Ltd. now owns 18,356 shares of the transportation company’s stock valued at $2,104,000 after buying an additional 504 shares during the period. Kentucky Retirement Systems purchased a new position in shares of United Parcel Service during the fourth quarter valued at approximately $5,735,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of United Parcel Service during the fourth quarter valued at approximately $2,559,000. Finally, Beacon Financial Group raised its position in shares of United Parcel Service by 1.2% in the first quarter. Beacon Financial Group now owns 79,609 shares of the transportation company’s stock valued at $8,491,000 after buying an additional 942 shares during the period. Hedge funds and other institutional investors own 53.20% of the company’s stock.
In other news, insider James J. Barber sold 3,556 shares of the stock in a transaction dated 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 document filed with the SEC, which is available through the SEC website. Also, SVP Kathleen M. Gutmann sold 2,000 shares of the stock in a transaction dated Monday, June 5th. The shares were 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. 0.59% of the stock is currently owned by corporate insiders.
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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