MainStreet Investment Advisors LLC Sells 24,220 Shares of United Parcel Service, Inc. $UPS

MainStreet Investment Advisors LLC trimmed its holdings in United Parcel Service, Inc. (NYSE:UPSFree Report) by 85.9% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 3,988 shares of the transportation company’s stock after selling 24,220 shares during the quarter. MainStreet Investment Advisors LLC’s holdings in United Parcel Service were worth $333,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of UPS. Evelyn Partners Investment Management Europe Ltd lifted its stake in shares of United Parcel Service by 110.1% in the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 250 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 131 shares during the last quarter. Salzhauer Michael bought a new stake in United Parcel Service in the third quarter valued at approximately $31,000. Physician Wealth Advisors Inc. boosted its stake in shares of United Parcel Service by 76.5% during the third quarter. Physician Wealth Advisors Inc. now owns 376 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 163 shares during the period. Twin Peaks Wealth Advisors LLC bought a new position in shares of United Parcel Service in the second quarter worth approximately $34,000. Finally, Avion Wealth increased its stake in shares of United Parcel Service by 284.1% in the third quarter. Avion Wealth now owns 434 shares of the transportation company’s stock worth $36,000 after buying an additional 321 shares during the period. 60.26% of the stock is owned by institutional investors.

United Parcel Service Trading Down 1.4%

UPS opened at $115.06 on Tuesday. The stock has a market cap of $97.62 billion, a PE ratio of 17.54, a PEG ratio of 1.85 and a beta of 1.11. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.45. The business has a 50 day moving average of $108.11 and a 200-day moving average of $96.06. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $123.70.

United Parcel Service (NYSE:UPSGet Free Report) last issued its quarterly earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.18. The company had revenue of $24.48 billion for the quarter, compared to analysts’ expectations of $23.91 billion. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.75 earnings per share. Equities research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Tuesday, February 17th will be paid a dividend of $1.64 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.7%. United Parcel Service’s dividend payout ratio (DPR) is currently 100.00%.

Trending Headlines about United Parcel Service

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Insider Activity

In other news, insider Norman M. Brothers, Jr. sold 25,014 shares of the business’s stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total value of $2,655,236.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on UPS shares. Truist Financial increased their price target on shares of United Parcel Service from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Citigroup lowered their price objective on shares of United Parcel Service from $126.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft upped their price target on United Parcel Service from $88.00 to $106.00 and gave the company a “hold” rating in a research report on Wednesday, January 28th. TD Cowen lifted their price objective on United Parcel Service from $101.00 to $115.00 and gave the stock a “hold” rating in a research report on Wednesday, January 28th. Finally, Wolfe Research restated a “peer perform” rating on shares of United Parcel Service in a report on Thursday, January 8th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $113.67.

Get Our Latest Stock Report on UPS

United Parcel Service Profile

(Free Report)

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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