Forge Financial Services LLC Buys New Holdings in United Parcel Service, Inc. (NYSE:UPS)

Forge Financial Services LLC purchased a new position in United Parcel Service, Inc. (NYSE:UPS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,400 shares of the transportation company's stock, valued at approximately $681,000. United Parcel Service comprises approximately 0.6% of Forge Financial Services LLC's holdings, making the stock its 15th biggest position.

Other institutional investors also recently bought and sold shares of the company. IMG Wealth Management Inc. purchased a new stake in shares of United Parcel Service in the fourth quarter valued at $25,000. Generali Investments Management Co LLC bought a new position in United Parcel Service during the 4th quarter valued at about $26,000. IFS Advisors LLC raised its position in United Parcel Service by 232.3% in the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company's stock worth $27,000 after purchasing an additional 151 shares during the period. Runnymede Capital Advisors Inc. bought a new stake in United Parcel Service in the fourth quarter worth about $30,000. Finally, Whipplewood Advisors LLC bought a new stake in United Parcel Service in the fourth quarter worth about $34,000. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Stock Down 2.5 %

Shares of NYSE UPS traded down $2.50 during mid-day trading on Friday, reaching $97.62. 9,564,186 shares of the company were exchanged, compared to its average volume of 4,715,593. United Parcel Service, Inc. has a 1 year low of $95.53 and a 1 year high of $153.42. The firm has a 50-day moving average of $115.82 and a 200 day moving average of $125.64. The stock has a market cap of $83.39 billion, a price-to-earnings ratio of 14.44, a P/E/G ratio of 1.55 and a beta of 0.94. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16.

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United Parcel Service (NYSE:UPS - Get Free Report) last announced its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating the consensus estimate 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 period in the prior year, the business earned $2.47 earnings per share. On average, research analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 6.72%. The ex-dividend date was Tuesday, February 18th. This is an increase from United Parcel Service's previous quarterly dividend of $1.63. United Parcel Service's payout ratio is currently 97.04%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on UPS. StockNews.com upgraded United Parcel Service from a "hold" rating to a "buy" rating in a report on Wednesday, March 5th. BMO Capital Markets upgraded United Parcel Service from a "market perform" rating to an "outperform" rating and reduced their target price for the stock from $155.00 to $150.00 in a research note on Tuesday, December 10th. Baird R W downgraded United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 31st. JPMorgan Chase & Co. cut their price target on shares of United Parcel Service from $135.00 to $120.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Finally, The Goldman Sachs Group decreased their price objective on shares of United Parcel Service from $166.00 to $147.00 and set a "buy" rating for the company in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, United Parcel Service presently has a consensus rating of "Moderate Buy" and a consensus price target of $133.18.

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.