Insider Selling: Mitchell R. Nichols Sells 4,525 Shares of United Parcel Service Stock (UPS)
United Parcel Service (NYSE:UPS) SVP Mitchell R. Nichols sold 4,525 shares of United Parcel Service stock on the open market in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $99.40, for a total transaction of $449,785.00. Following the transaction, the senior vice president now directly owns 38,308 shares of the company’s stock, valued at approximately $3,807,815. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on UPS shares. Analysts at Atlantic Securities downgraded shares of United Parcel Service from an “overweight” rating to a “neutral” rating in a research note on Thursday. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of United Parcel Service in a research note on Wednesday. They now have a $120.00 price target on the stock, down previously from $122.00. Finally, analysts at Barclays reiterated an “overweight” rating on shares of United Parcel Service in a research note on Wednesday. They now have a $116.00 price target on the stock, down previously from $120.00. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. United Parcel Service has a consensus rating of “Buy” and an average price target of $108.27.
United Parcel Service (NYSE:UPS) traded down 2.27% on Thursday, hitting $97.09. 3,853,527 shares of the company’s stock traded hands. United Parcel Service has a 1-year low of $85.18 and a 1-year high of $105.37. The stock has a 50-day moving average of $102.5 and a 200-day moving average of $99.39. The company has a market cap of $89.605 billion and a P/E ratio of 25.63.
United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by $0.04. The company had revenue of $14.27 billion for the quarter, compared to the consensus estimate of $14.10 billion. During the same quarter in the previous year, the company posted $1.13 earnings per share. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. Analysts expect that United Parcel Service will post $5.03 EPS for the current fiscal year.
United Parcel Service, Inc (NYSE:UPS) is a package delivery company.
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