Forte Capital LLC ADV Sells 350 Shares of United Parcel Service, Inc. (NYSE:UPS)

Forte Capital LLC ADV cut its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,094 shares of the transportation company’s stock after selling 350 shares during the quarter. Forte Capital LLC ADV’s holdings in United Parcel Service were worth $2,216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. OFI Invest Asset Management purchased a new position in United Parcel Service in the third quarter worth $25,000. Tennessee Valley Asset Management Partners bought a new position in shares of United Parcel Service during the 4th quarter valued at about $26,000. Life Planning Partners Inc purchased a new position in shares of United Parcel Service during the 4th quarter valued at about $28,000. Bourgeon Capital Management LLC bought a new stake in United Parcel Service in the 4th quarter worth approximately $31,000. Finally, VisionPoint Advisory Group LLC boosted its stake in United Parcel Service by 69.5% in the third quarter. VisionPoint Advisory Group LLC now owns 239 shares of the transportation company’s stock worth $37,000 after buying an additional 98 shares in the last quarter. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Down 0.5 %

Shares of UPS traded down $0.79 during trading hours on Friday, hitting $146.43. The company had a trading volume of 2,039,256 shares, compared to its average volume of 3,606,672. The firm has a fifty day moving average price of $149.39 and a 200-day moving average price of $150.67. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10. The stock has a market capitalization of $124.85 billion, a price-to-earnings ratio of 21.22, a P/E/G ratio of 1.68 and a beta of 1.05. United Parcel Service, Inc. has a 52-week low of $133.68 and a 52-week high of $192.98.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.10. The firm had revenue of $21.70 billion during the quarter, compared to analyst estimates of $21.84 billion. United Parcel Service had a return on equity of 37.42% and a net margin of 6.60%. United Parcel Service’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.20 EPS. On average, equities research analysts forecast that United Parcel Service, Inc. will post 8.23 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Monday, May 13th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $6.52 annualized dividend and a dividend yield of 4.45%. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on UPS shares. UBS Group upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $160.00 to $175.00 in a report on Tuesday, February 6th. Evercore ISI restated an “in-line” rating and set a $154.00 price target on shares of United Parcel Service in a research report on Wednesday, March 27th. Robert W. Baird raised United Parcel Service from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $165.00 to $170.00 in a research note on Friday, February 16th. Oppenheimer boosted their target price on United Parcel Service from $153.00 to $157.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Finally, Raymond James reduced their price target on United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $165.23.

United Parcel Service Company Profile

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.