UPS Set to Announce Earnings Amid Significant Market Movements
UNITED PARCEL SERVICE ($UPS) is anticipated to disclose its quarterly earnings on Tuesday, April 29th, prior to the market’s opening, according to Finnhub. Analysts project revenue of $21,294,927,769 alongside earnings of $1.41 per share.
Insider Trading at UNITED PARCEL SERVICE
Over the past six months, insiders at UNITED PARCEL SERVICE have conducted two trades involving $UPS Stock. Notably, no shares were purchased, while two were sold.
Here’s a summary of recent insider trading of $UPS Stock:
- NANDO CESARONE (President, US Operations) sold 10,000 shares for approximately $1,371,022
- NORMAN M. JR BROTHERS (Chief Legal & Compliance Officer) sold 7,325 shares for approximately $1,015,009
Hedge Fund Movements for UNITED PARCEL SERVICE
In the latest quarter, 961 institutional investors increased their positions in UNITED PARCEL SERVICE, while 1,100 decreased theirs.
Some notable recent transactions include:
- GOLDMAN SACHS GROUP INC divested 3,912,816 shares (-49.5%), valued at approximately $493,406,097
- BLACKROCK, INC. sold 2,062,958 shares (-3.8%), totaling around $260,139,003
- FRANKLIN RESOURCES INC added 1,484,452 shares (+15.6%), valued at about $187,189,397
- BANK OF NEW YORK MELLON CORP reduced holdings by 1,463,587 shares (-22.6%), totaling around $184,558,320
- AMERIPRISE FINANCIAL INC decreased its position by 1,421,041 shares (-44.5%), worth approximately $179,193,270
- VAN ECK ASSOCIATES CORP increased its holdings by 1,378,136 shares (+77.7%), valued at about $173,782,949
- JPMORGAN CHASE & CO reduced its position by 1,343,899 shares (-5.6%), worth approximately $169,465,663
UNITED PARCEL SERVICE Government Contracts Overview
In the past year, $UPS received a total of $213,277,313 in award payments.
Key recent awards include:
- Shipping Charges: $24,612,551
- Consolidated Small Package Transportation Shipments by Decentralized Ordering Officers: $19,767,567
- Consolidated Transportation Shipments by Decentralized Ordering Officers: $15,234,773
- Consolidated Transportation Shipments by Decentralized Ordering Officers: $14,042,074
- Consolidated Transportation Shipments by Decentralized Ordering Officers: $13,852,188
Congressional Trading of $UPS Stock
In the past six months, members of Congress traded $UPS Stock on 12 occasions, with six being purchases and six being sales.
Analyst Ratings for UNITED PARCEL SERVICE
Recent reports from Wall Street analysts reflect a cautious optimism regarding $UPS. Two firms have assigned buy ratings, with no sell ratings issued.
Here are some recent analyst ratings:
- Wolfe Research issued an “Outperform” rating on January 8, 2025
- BMO Capital issued an “Outperform” rating on December 10, 2024
Price Targets for $UPS
Analysts have offered various price targets for $UPS in recent months. Currently, the median target stands at $132.5, based on assessments from two analysts.
Notable recent price targets include:
- Rick Paterson from Loop Capital Markets set a target price of $115.0 on February 3, 2025
- Fadi Chamoun from BMO Capital established a target price of $150.0 on December 10, 2024
This article is not financial advice. Please regard Quiver Quantitative’s disclaimers for further insight, as there may be inaccuracies due to errors in ticker-mapping and other anomalies.
