Forte Capital LLC ADV Sells 1,126 Shares of United Parcel Service, Inc. (NYSE:UPS)

Forte Capital LLC ADV trimmed its holdings in United Parcel Service, Inc. (NYSE:UPS) by 8.6% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 11,920 shares of the transportation company’s stock after selling 1,126 shares during the quarter. Forte Capital LLC ADV’s holdings in United Parcel Service were worth $1,625,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in UPS. GSA Capital Partners LLP grew its holdings in shares of United Parcel Service by 186.1% in the first quarter. GSA Capital Partners LLP now owns 6,235 shares of the transportation company’s stock worth $927,000 after purchasing an additional 4,056 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of United Parcel Service by 2.3% in the first quarter. Geneos Wealth Management Inc. now owns 4,549 shares of the transportation company’s stock worth $676,000 after purchasing an additional 101 shares during the last quarter. Advisory Services Network LLC grew its stake in shares of United Parcel Service by 27.9% in the first quarter. Advisory Services Network LLC now owns 46,934 shares of the transportation company’s stock worth $6,976,000 after purchasing an additional 10,235 shares during the last quarter. OLD Second National Bank of Aurora raised its position in United Parcel Service by 1.9% during the 1st quarter. OLD Second National Bank of Aurora now owns 7,132 shares of the transportation company’s stock valued at $1,060,000 after purchasing an additional 134 shares during the last quarter. Finally, CFO4Life Group LLC grew its position in shares of United Parcel Service by 1.7% in the 1st quarter. CFO4Life Group LLC now owns 322,198 shares of the transportation company’s stock worth $47,888,000 after buying an additional 5,328 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. UBS Group lifted their price target on shares of United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a report on Friday, October 25th. TD Cowen started coverage on shares of United Parcel Service in a research report on Thursday, August 22nd. They set a “hold” rating and a $144.00 price target on the stock. Stephens lowered their price objective on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Argus raised United Parcel Service from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Wells Fargo & Company increased their target price on United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $151.71.

United Parcel Service Stock Up 0.1 %

UPS stock opened at $133.93 on Thursday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.25. United Parcel Service, Inc. has a 1-year low of $123.12 and a 1-year high of $163.82. The stock has a market capitalization of $114.72 billion, a P/E ratio of 20.23, a P/E/G ratio of 2.19 and a beta of 0.99. The business has a fifty day moving average price of $131.83 and a 200-day moving average price of $135.39.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The firm had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. During the same quarter last year, the firm posted $1.57 EPS. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. Equities analysts forecast that United Parcel Service, Inc. will post 7.47 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 4.87%. United Parcel Service’s payout ratio is 98.49%.

About United Parcel Service

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.