United Parcel Service, Inc. (NYSE:UPS) Shares Sold by Main Street Financial Solutions LLC

Main Street Financial Solutions LLC cut its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 46.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Diamant Asset Management Inc. grew its position in United Parcel Service by 2.8% during the third quarter. Diamant Asset Management Inc. now owns 4,060 shares of the transportation company's stock worth $554,000 after buying an additional 110 shares during the period. Te Ahumairangi Investment Management Ltd grew its holdings in shares of United Parcel Service by 12.2% in the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 17,236 shares of the transportation company's stock worth $2,337,000 after acquiring an additional 1,880 shares during the period. Eaton Financial Holdings Company LLC acquired a new stake in shares of United Parcel Service in the 3rd quarter worth approximately $1,021,000. Pine Valley Investments Ltd Liability Co increased its stake in United Parcel Service by 25.9% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 26,457 shares of the transportation company's stock valued at $3,607,000 after purchasing an additional 5,444 shares in the last quarter. Finally, World Investment Advisors LLC raised its holdings in United Parcel Service by 79.6% during the third quarter. World Investment Advisors LLC now owns 17,675 shares of the transportation company's stock worth $2,410,000 after purchasing an additional 7,836 shares during the last quarter. Hedge funds and other institutional investors own 60.26% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Wolfe Research dropped their price target on United Parcel Service from $133.00 to $113.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Susquehanna reduced their price target on shares of United Parcel Service from $130.00 to $120.00 and set a "neutral" rating on the stock in a report on Tuesday, April 1st. StockNews.com raised United Parcel Service from a "hold" rating to a "buy" rating in a research note on Friday. JPMorgan Chase & Co. lowered their target price on United Parcel Service from $120.00 to $115.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Finally, Barclays cut their price target on United Parcel Service from $100.00 to $90.00 and set an "underweight" rating for the company in a report on Monday, March 31st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $129.70.

United Parcel Service Stock Down 1.4 %

NYSE UPS traded down $1.34 during mid-day trading on Monday, reaching $95.09. 714,555 shares of the company's stock traded hands, compared to its average volume of 4,814,483. The company has a fifty day simple moving average of $110.40 and a 200-day simple moving average of $122.61. United Parcel Service, Inc. has a 1-year low of $90.55 and a 1-year high of $153.42. The company has a market cap of $81.22 billion, a price-to-earnings ratio of 14.07, a P/E/G ratio of 1.55 and a beta of 1.10. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 period last year, the firm earned $2.47 earnings per share. As a group, equities research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th were given a dividend of $1.64 per share. This is a boost from United Parcel Service's previous quarterly dividend of $1.63. The ex-dividend date was Tuesday, February 18th. This represents a $6.56 annualized dividend and a dividend yield of 6.90%. United Parcel Service's dividend payout ratio (DPR) is presently 97.04%.

About United Parcel Service

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.