Forsta AP Fonden Acquires 18,500 Shares of United Parcel Service, Inc. (NYSE:UPS)

Forsta AP Fonden increased its stake in United Parcel Service, Inc. (NYSE:UPS) by 12.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 171,600 shares of the transportation company’s stock after purchasing an additional 18,500 shares during the period. Forsta AP Fonden’s holdings in United Parcel Service were worth $23,396,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Blackston Financial Advisory Group LLC boosted its holdings in United Parcel Service by 1.4% during the 2nd quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock valued at $694,000 after acquiring an additional 69 shares during the period. Cornerstone Wealth Management LLC boosted its position in United Parcel Service by 0.9% in the 1st quarter. Cornerstone Wealth Management LLC now owns 8,538 shares of the transportation company’s stock valued at $1,269,000 after buying an additional 73 shares during the period. Legacy Wealth Asset Management LLC grew its stake in United Parcel Service by 2.1% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 3,490 shares of the transportation company’s stock worth $519,000 after acquiring an additional 73 shares in the last quarter. MV Capital Management Inc. increased its position in shares of United Parcel Service by 8.6% during the first quarter. MV Capital Management Inc. now owns 969 shares of the transportation company’s stock worth $144,000 after acquiring an additional 77 shares during the period. Finally, Gleason Group Inc. raised its stake in shares of United Parcel Service by 1.2% during the second quarter. Gleason Group Inc. now owns 6,496 shares of the transportation company’s stock valued at $889,000 after acquiring an additional 77 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Price Performance

Shares of United Parcel Service stock traded down $0.92 on Friday, hitting $137.43. The company’s stock had a trading volume of 4,916,651 shares, compared to its average volume of 4,221,229. The company has a market capitalization of $117.72 billion, a price-to-earnings ratio of 22.43, a price-to-earnings-growth ratio of 1.93 and a beta of 0.99. The firm has a fifty day moving average price of $130.89 and a 200-day moving average price of $136.08. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $163.82.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.11. The company had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $22.10 billion. United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.57 earnings per share. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.44 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were issued a $1.63 dividend. The ex-dividend date was Monday, August 19th. This represents a $6.52 dividend on an annualized basis and a yield of 4.74%. United Parcel Service’s payout ratio is currently 106.36%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on UPS shares. Bank of America raised their price objective on United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday. The Goldman Sachs Group lowered their price objective on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. Robert W. Baird cut their target price on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Citigroup initiated coverage on shares of United Parcel Service in a research note on Wednesday, October 9th. They set a “buy” rating and a $162.00 price objective on the stock. Finally, Susquehanna boosted their price objective on shares of United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, United Parcel Service currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.43.

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.