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

Main Street Financial Solutions LLC lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 55.7% during the third quarter, according to its most recent disclosure 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 period. Main Street Financial Solutions LLC’s holdings in United Parcel Service were worth $1,171,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Blackston Financial Advisory Group LLC boosted its stake in shares of United Parcel Service by 1.4% in the 2nd quarter. Blackston Financial Advisory Group LLC now owns 5,068 shares of the transportation company’s stock worth $694,000 after buying an additional 69 shares during the last quarter. Cigna Investments Inc. New boosted its position in United Parcel Service by 1.0% in the third quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company’s stock worth $1,024,000 after purchasing an additional 75 shares during the last quarter. Gleason Group Inc. grew its stake in United Parcel Service by 1.2% in the 2nd quarter. Gleason Group Inc. now owns 6,496 shares of the transportation company’s stock valued at $889,000 after purchasing an additional 77 shares during the period. Nicholas Hoffman & Company LLC. increased its position in shares of United Parcel Service by 0.5% during the 2nd quarter. Nicholas Hoffman & Company LLC. now owns 15,837 shares of the transportation company’s stock valued at $2,167,000 after purchasing an additional 79 shares during the last quarter. Finally, Horan Capital Advisors LLC. raised its stake in shares of United Parcel Service by 0.4% during the 2nd quarter. Horan Capital Advisors LLC. now owns 23,029 shares of the transportation company’s stock worth $3,152,000 after purchasing an additional 83 shares during the period. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

United Parcel Service Stock Performance

NYSE UPS opened at $133.72 on Thursday. The company’s 50 day simple moving average is $132.17 and its two-hundred day simple moving average is $134.88. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. United Parcel Service, Inc. has a 1 year low of $123.12 and a 1 year high of $163.82. The stock has a market capitalization of $114.54 billion, a PE ratio of 20.20, a P/E/G ratio of 2.14 and a beta of 0.99.

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

United Parcel Service Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on UPS shares. Stephens reduced their price target on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 24th. Citigroup reduced their target price on shares of United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a research report on Tuesday. UBS Group lifted their price target 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 upped their price objective on United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a research note on Tuesday, October 22nd. Finally, Stifel Nicolaus raised their target price on United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $151.52.

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.