Forum Financial Management LP Raises Holdings in United Parcel Service, Inc. (NYSE:UPS)

Forum Financial Management LP raised its position in United Parcel Service, Inc. (NYSE:UPS) by 40.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,242 shares of the transportation company’s stock after purchasing an additional 1,223 shares during the quarter. Forum Financial Management LP’s holdings in United Parcel Service were worth $535,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UPS. Diamant Asset Management Inc. grew its stake in United Parcel Service by 2.8% during the 3rd quarter. Diamant Asset Management Inc. now owns 4,060 shares of the transportation company’s stock worth $554,000 after buying an additional 110 shares during the last quarter. Te Ahumairangi Investment Management Ltd grew its position in shares of United Parcel Service by 12.2% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 17,236 shares of the transportation company’s stock worth $2,337,000 after acquiring an additional 1,880 shares during the last quarter. Eaton Financial Holdings Company LLC bought a new stake in United Parcel Service in the 3rd quarter valued at about $1,021,000. Pine Valley Investments Ltd Liability Co boosted its stake in United Parcel Service by 25.9% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 26,457 shares of the transportation company’s stock valued at $3,607,000 after purchasing an additional 5,444 shares during the period. Finally, World Investment Advisors LLC grew its position in United Parcel Service by 79.6% in the 3rd quarter. World Investment Advisors LLC now owns 17,675 shares of the transportation company’s stock worth $2,410,000 after purchasing an additional 7,836 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Ratings Changes

UPS has been the subject of a number of recent analyst reports. Bank of America decreased their target price on shares of United Parcel Service from $133.00 to $129.00 and set a “buy” rating for the company in a research report on Tuesday, March 25th. StockNews.com upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Friday. Raymond James cut their target price on United Parcel Service from $145.00 to $130.00 and set a “strong-buy” rating for the company in a research report on Wednesday, April 9th. Wells Fargo & Company dropped their price objective on United Parcel Service from $128.00 to $120.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Finally, Galvan Research decreased their target price on United Parcel Service from $147.00 to $133.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $129.70.

United Parcel Service Stock Up 2.3 %

Shares of UPS stock opened at $96.34 on Monday. The company has a market capitalization of $82.29 billion, a price-to-earnings ratio of 14.25, a PEG ratio of 1.55 and a beta of 1.10. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The stock’s 50 day simple moving average is $110.40 and its 200 day simple moving average is $122.61. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $153.42.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same quarter in the previous year, the business earned $2.47 earnings per share. As a group, research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Tuesday, February 18th were paid a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 6.81%. The ex-dividend date of this dividend was Tuesday, February 18th. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio (DPR) is presently 97.04%.

United Parcel Service 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.