Main Street Financial Solutions LLC Cuts Position in United Parcel Service, Inc. (NYSE:UPS)

Main Street Financial Solutions LLC lowered its holdings in United Parcel Service, Inc. (NYSE:UPS) by 46.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 4,596 shares of the transportation company’s stock after selling 3,994 shares during the quarter. Main Street Financial Solutions LLC’s holdings in United Parcel Service were worth $580,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in UPS. IMG Wealth Management Inc. acquired a new stake in United Parcel Service in the 4th quarter valued at $25,000. Generali Investments Management Co LLC acquired a new stake in shares of United Parcel Service in the fourth quarter valued at about $26,000. IFS Advisors LLC raised its holdings in shares of United Parcel Service by 232.3% during the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after buying an additional 151 shares during the period. Runnymede Capital Advisors Inc. acquired a new position in United Parcel Service during the 4th quarter worth approximately $30,000. Finally, Whipplewood Advisors LLC purchased a new position in United Parcel Service in the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

United Parcel Service Price Performance

Shares of UPS opened at $94.30 on Thursday. United Parcel Service, Inc. has a 12 month low of $90.55 and a 12 month high of $153.42. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The stock has a fifty day moving average price of $111.12 and a 200 day moving average price of $123.27. The company has a market cap of $80.55 billion, a P/E ratio of 13.95, a PEG ratio of 1.55 and a beta of 1.10.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same quarter last year, the company earned $2.47 earnings per share. On average, research analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Tuesday, February 18th were paid a $1.64 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $6.56 annualized dividend and a dividend yield of 6.96%. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio (DPR) is presently 97.04%.

Wall Street Analyst Weigh In

UPS has been the topic of a number of recent research reports. Bank of America reduced their target price on shares of United Parcel Service from $133.00 to $129.00 and set a “buy” rating on the stock in a research report on Tuesday, March 25th. Morgan Stanley decreased their price objective on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Stifel Nicolaus dropped their target price on United Parcel Service from $156.00 to $153.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Evercore ISI increased their price target on United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a report on Wednesday, January 22nd. Finally, Susquehanna dropped their price objective on United Parcel Service from $130.00 to $120.00 and set a “neutral” rating on the stock in a report on Tuesday, April 1st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, United Parcel Service has a consensus rating of “Hold” and a consensus price target of $131.32.

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.