FORA Capital LLC Sells 81,008 Shares of United Parcel Service, Inc. (NYSE:UPS)

FORA Capital LLC reduced its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 94.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,138 shares of the transportation company’s stock after selling 81,008 shares during the quarter. FORA Capital LLC’s holdings in United Parcel Service were worth $648,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in UPS. Principal Financial Group Inc. lifted its stake in shares of United Parcel Service by 4.3% during the 3rd quarter. Principal Financial Group Inc. now owns 829,280 shares of the transportation company’s stock worth $113,064,000 after buying an additional 33,989 shares during the last quarter. Onyx Bridge Wealth Group LLC acquired a new stake in United Parcel Service during the fourth quarter worth approximately $461,000. HF Advisory Group LLC bought a new stake in shares of United Parcel Service during the fourth quarter worth approximately $1,305,000. Allspring Global Investments Holdings LLC increased its stake in shares of United Parcel Service by 27.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 131,623 shares of the transportation company’s stock worth $16,304,000 after purchasing an additional 28,108 shares during the period. Finally, Global Wealth Management Investment Advisory Inc. lifted its holdings in United Parcel Service by 42.5% during the 4th quarter. Global Wealth Management Investment Advisory Inc. now owns 34,113 shares of the transportation company’s stock worth $4,302,000 after purchasing an additional 10,176 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on UPS. HSBC cut United Parcel Service from a “buy” rating to a “hold” rating and set a $105.00 price objective on the stock. in a research report on Thursday, May 1st. Baird R W downgraded shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 31st. Robert W. Baird downgraded United Parcel Service from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $160.00 to $130.00 in a research report on Friday, January 31st. Galvan Research dropped their price objective on United Parcel Service from $147.00 to $133.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Finally, Truist Financial reduced their target price on United Parcel Service from $140.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $120.87.

United Parcel Service Price Performance

UPS stock opened at $95.92 on Friday. The company has a market capitalization of $81.93 billion, a P/E ratio of 14.19, a PEG ratio of 1.55 and a beta of 1.23. The company has a fifty day moving average price of $104.28 and a 200-day moving average price of $118.93. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. United Parcel Service, Inc. has a 52-week low of $90.55 and a 52-week high of $153.42.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.38 by $0.11. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. The firm had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. During the same period in the previous year, the business earned $1.43 EPS. The business’s quarterly revenue was down .9% compared to the same quarter last year. As a group, equities analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.84%. The ex-dividend date of this dividend is Monday, May 19th. United Parcel Service’s dividend payout ratio is currently 95.63%.

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.