Forza Wealth Management LLC Makes New Investment in United Parcel Service, Inc. $UPS

Key Points

• Forza Wealth Management LLC has made a new investment in United Parcel Service by purchasing 4,670 shares valued at approximately $471,000 during the second quarter.
• Insider transactions include CEO Carol B. Tome acquiring 11,682 shares for nearly $1 million, leading to an 89.61% increase in her ownership.
• United Parcel Service reported a 1.55 EPS for its last quarter, missing expectations slightly, and announced a quarterly dividend of $1.64, reflecting a yield of 7.9%.

Forza Wealth Management LLC purchased a new position in United Parcel Service, Inc. (NYSE:UPS - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,670 shares of the transportation company's stock, valued at approximately $471,000.

Other institutional investors have also modified their holdings of the company. Founders Capital Management LLC grew its stake in shares of United Parcel Service by 8.3% in the second quarter. Founders Capital Management LLC now owns 111,405 shares of the transportation company's stock worth $11,245,000 after acquiring an additional 8,579 shares in the last quarter. Gallacher Capital Management LLC acquired a new position in shares of United Parcel Service in the first quarter worth $620,000. Garde Capital Inc. acquired a new position in shares of United Parcel Service in the first quarter worth $37,000. Capital CS Group LLC grew its stake in shares of United Parcel Service by 3.6% in the second quarter. Capital CS Group LLC now owns 235,090 shares of the transportation company's stock worth $23,730,000 after acquiring an additional 8,070 shares in the last quarter. Finally, CX Institutional grew its stake in shares of United Parcel Service by 39.9% in the second quarter. CX Institutional now owns 60,165 shares of the transportation company's stock worth $6,073,000 after acquiring an additional 17,152 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company's stock.

Insider Activity at United Parcel Service

In other United Parcel Service news, CEO Carol B. Tome bought 11,682 shares of United Parcel Service stock in a transaction dated Friday, August 1st. The stock was acquired at an average cost of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the acquisition, the chief executive officer owned 24,718 shares of the company's stock, valued at approximately $2,117,591.06. This represents a 89.61% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christiana Smith Shi bought 500 shares of United Parcel Service stock in a transaction dated Friday, August 22nd. The stock was acquired at an average cost of $88.17 per share, with a total value of $44,085.00. Following the completion of the acquisition, the director directly owned 500 shares of the company's stock, valued at approximately $44,085. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 17,182 shares of company stock valued at $1,477,382 over the last ninety days. Insiders own 0.13% of the company's stock.

United Parcel Service Price Performance

Shares of UPS opened at $83.46 on Wednesday. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $145.01. The stock has a market cap of $70.74 billion, a PE ratio of 12.42, a price-to-earnings-growth ratio of 1.56 and a beta of 1.08. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32. The firm has a fifty day moving average price of $87.26 and a 200 day moving average price of $96.00.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing analysts' consensus estimates of $1.56 by ($0.01). United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The company had revenue of $21.20 billion during the quarter, compared to analysts' expectations of $20.90 billion. During the same period last year, the firm earned $1.79 earnings per share. United Parcel Service's revenue was down 2.7% on a year-over-year basis. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were given a $1.64 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a yield of 7.9%. United Parcel Service's payout ratio is 97.62%.

Wall Street Analysts Forecast Growth

Several research firms have commented on UPS. UBS Group dropped their price target on shares of United Parcel Service from $124.00 to $118.00 and set a "buy" rating for the company in a research note on Wednesday, July 30th. Wolfe Research decreased their price objective on shares of United Parcel Service from $113.00 to $112.00 and set an "outperform" rating for the company in a research report on Tuesday, July 1st. Wall Street Zen cut shares of United Parcel Service from a "hold" rating to a "sell" rating in a research report on Saturday, September 20th. Evercore ISI decreased their price objective on shares of United Parcel Service from $103.00 to $97.00 and set an "in-line" rating for the company in a research report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of United Parcel Service from $110.00 to $107.00 and set a "neutral" rating for the company in a research report on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $111.38.

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.

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