MainStreet Investment Advisors LLC Decreases Holdings in United Parcel Service, Inc. $UPS

MainStreet Investment Advisors LLC lessened its stake in United Parcel Service, Inc. (NYSE:UPSFree Report) by 85.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 large investors have also bought and sold shares of UPS. CFS Investment Advisory Services LLC lifted its position in shares of United Parcel Service by 2.6% during the 3rd quarter. CFS Investment Advisory Services LLC now owns 4,268 shares of the transportation company’s stock valued at $372,000 after buying an additional 108 shares during the last quarter. Center for Financial Planning Inc. lifted its holdings in United Parcel Service by 4.6% during the third quarter. Center for Financial Planning Inc. now owns 2,558 shares of the transportation company’s stock valued at $214,000 after purchasing an additional 112 shares during the last quarter. Wealth Advisory Solutions LLC lifted its holdings in United Parcel Service by 2.3% during the third quarter. Wealth Advisory Solutions LLC now owns 5,163 shares of the transportation company’s stock valued at $431,000 after purchasing an additional 118 shares during the last quarter. Westside Investment Management Inc. increased its stake in shares of United Parcel Service by 14.8% in the second quarter. Westside Investment Management Inc. now owns 960 shares of the transportation company’s stock worth $97,000 after purchasing an additional 124 shares in the last quarter. Finally, Country Trust Bank increased its stake in shares of United Parcel Service by 4.8% in the second quarter. Country Trust Bank now owns 2,747 shares of the transportation company’s stock worth $277,000 after purchasing an additional 125 shares in the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

More United Parcel Service News

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Insider Activity

In other news, insider Norman M. Brothers, Jr. sold 25,014 shares of United Parcel Service stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total transaction of $2,655,236.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Stock Performance

NYSE:UPS opened at $115.06 on Tuesday. The stock has a market cap of $97.62 billion, a P/E 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’s 50-day moving average price is $108.11 and its two-hundred day moving average price is $96.06. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $123.70.

United Parcel Service (NYSE:UPSGet Free Report) last posted its quarterly earnings data 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 net margin of 6.28% and a return on equity of 38.30%. United Parcel Service’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.75 earnings per share. As a group, equities analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on UPS shares. HSBC upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Wednesday, January 28th. Oppenheimer lifted their price target on United Parcel Service from $107.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, January 28th. Wall Street Zen upgraded United Parcel Service from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Stephens raised their target price on United Parcel Service from $113.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 28th. Finally, Truist Financial raised their price objective 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. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $113.67.

Read Our Latest Report on UPS

United Parcel Service Company 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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