Main Street Financial Solutions LLC Buys 3,073 Shares of United Parcel Service, Inc. (NYSE:UPS)

Main Street Financial Solutions LLC increased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 55.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,590 shares of the transportation company’s stock after purchasing an additional 3,073 shares during the quarter. Main Street Financial Solutions LLC’s holdings in United Parcel Service were worth $1,171,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in UPS. TruNorth Capital Management LLC bought a new stake in United Parcel Service during the 2nd quarter worth $28,000. Riverview Trust Co bought a new position in United Parcel Service in the 2nd quarter valued at approximately $32,000. Centerpoint Advisors LLC grew its holdings in United Parcel Service by 291.7% during the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after acquiring an additional 175 shares during the last quarter. Tortoise Investment Management LLC raised its stake in shares of United Parcel Service by 168.5% during the second quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 155 shares during the last quarter. Finally, PSI Advisors LLC grew its stake in shares of United Parcel Service by 408.2% in the third quarter. PSI Advisors LLC now owns 249 shares of the transportation company’s stock worth $34,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 60.26% of the company’s stock.

Analyst Ratings Changes

UPS has been the topic of a number of analyst reports. UBS Group upped their price target on United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Susquehanna raised their price target on shares of United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Citigroup reduced their price objective on shares of United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a research note on Tuesday. Stifel Nicolaus increased their price objective on shares of United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Robert W. Baird dropped 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 report on Wednesday, July 24th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, United Parcel Service presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.52.

United Parcel Service Price Performance

Shares of NYSE:UPS opened at $133.72 on Thursday. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82. The stock’s 50 day moving average is $132.17 and its 200-day moving average is $134.88. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $114.54 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 2.14 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.13. The firm had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The business’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.57 earnings per share. Sell-side analysts forecast that United Parcel Service, Inc. will post 7.48 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be paid a dividend of $1.63 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 4.88%. United Parcel Service’s dividend payout ratio (DPR) is currently 98.49%.

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.