Principal Street Partners LLC Sells 8,195 Shares of United Parcel Service, Inc. (NYSE:UPS)

Principal Street Partners LLC lessened its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 19.6% during the third quarter, Holdings Channel.com reports. The firm owned 33,554 shares of the transportation company’s stock after selling 8,195 shares during the period. Principal Street Partners LLC’s holdings in United Parcel Service were worth $4,575,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. TruNorth Capital Management LLC bought a new stake in shares of United Parcel Service during the second quarter valued at approximately $28,000. Riverview Trust Co acquired a new position in United Parcel Service during the second quarter worth $32,000. Centerpoint Advisors LLC lifted its stake in shares of United Parcel Service by 291.7% in the second quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after buying an additional 175 shares in the last quarter. Princeton Global Asset Management LLC grew its holdings in shares of United Parcel Service by 720.0% during the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after buying an additional 216 shares during the last quarter. Finally, Tortoise Investment Management LLC raised its holdings in shares of United Parcel Service by 168.5% in the 2nd quarter. Tortoise Investment Management LLC now owns 247 shares of the transportation company’s stock worth $34,000 after acquiring an additional 155 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

UPS has been the subject of several analyst reports. Susquehanna increased their price objective on United Parcel Service from $135.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. dropped their price objective on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. UBS Group lifted their price objective on shares of United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Evercore ISI increased their target price on shares of United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a report on Tuesday, October 22nd. Finally, Citigroup cut their price target on shares of United Parcel Service from $163.00 to $158.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $151.52.

United Parcel Service Price Performance

UPS opened at $137.01 on Tuesday. The firm has a 50-day moving average price of $133.15 and a 200-day moving average price of $134.03. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82. 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 company has a market capitalization of $116.92 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 2.21 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, beating analysts’ consensus estimates of $1.63 by $0.13. The business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. United Parcel Service’s revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.57 EPS. Equities analysts expect that United Parcel Service, Inc. will post 7.48 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be issued 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 4.76%. United Parcel Service’s dividend payout ratio (DPR) is 98.49%.

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.