Shares of United Parcel Service, Inc. (NYSE:UPS) are trading considerably higher this morning after the company reported better than expected fourth quarter earnings. The company posted an EPS for the quarter of $1.57, beating analyst estimates of $1.42 quite handedly. On the revenue front United Parcel Service, Inc. (NYSE:UPS) brought in $16.05 billion for the quarter, beating last year’s fourth quarter number of $15.9 billion, and coming in just shy of the analyst estimate of $16.28 billion.
“This was the fourth consecutive quarter that UPS exceeded our financial expectations,” said Richard Peretz, UPS chief financial officer. “Our business generated strong results in 2015. While we face uncertain macro-economic conditions, we are continuing to invest for profitable growth,” Peretz continued. “Our guidance for 2016 full- year diluted earnings per share is $5.70 to $5.90 an increase of 5% to 9% over adjusted 2015 results. Excluding the 2015 discrete tax credits, the growth rate is 7% to 11%.”
The company has also issued full-year 2016 guidance. They expect to earning between $5.70 and $5.90 per share for the year, while analysts expected guidance to come in at around $5.73 per share. The stock is currently trading higher by 1.59% or $1.5 following the positive news, hitting $95.58 per share at the time of us publishing this article. About 622,219 shares traded hands. UPS has declined 5.30% since June 26, 2015 and is downtrending. It has outperformed the S&P500 by 3.56%.
From a total of 4 analysts covering United Parcel Service (NYSE:UPS) stock, 2 rate it a “Buy”, 0 a “Sell”, and 2 a “Hold”. This means that 50% of the ratings are positive. The highest target price is $120 while the lowest target price is $105. The mean of all analyst targets is $110.33 which is 15.43% above today’s ($95.58) stock price. United Parcel Service was the topic of 10 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. Macquarie Research maintained shares on October 28 with a “Neutral” rating. S&P Research maintained shares with a”Buy” rating and a $120 target share price in their report from a July 29. Zacks upgraded UPS stock in a recent report from September 17 to a “Buy” rating.
The institutional sentiment increased to 1.14 in Q2 2015. It’s up 0.09, from 1.05 in 2015Q2. The ratio is positive, as 66 funds sold all their United Parcel Service, Inc. shares they owned while 396 reduced their positions. 79 funds bought stakes while 446 increased their total positions. Institutions now own 430.04 million shares which is 7.72% less than the previous share count of 466.03 million in 2015Q2.
Manchester Capital Management Llc holds 42.57% of its total portfolio in United Parcel Service, Inc., equating to 2.57 million shares. Lyons Wealth Management Llc. owns 263,913 shares representing 33.41% of their total US portfolio. Moreover, Cfo4life L.P. has 31.96% of their total portfolio invested in the company, equating to 304,586 shares. The Illinois-based South Georgia Capital Llc has a total of 31.84% of their portfolio invested in the stock. S. R. Schill & Associates, a Washington-based fund reported 333,100 shares owned.
Since August 3, 2015, the stock had 0 insider buys, and 1 insider sale for a total of $1.01 million in net activity. Kuehn Kurt P sold 10,338 shares worth $1.01 million. Barber James J. sold 2,331 shares worth $239,118.
United Parcel Service, Inc. is a package delivery company. The company has a market cap of $85.11 billion. The Firm is a well-known provider of global supply chain management solutions. It has 21.89 P/E ratio. It delivers packages in over 220 countries and territories.