TCM Advisors LLC Reduces Position in United Parcel Service, Inc. $UPS

TCM Advisors LLC decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 79.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,500 shares of the transportation company’s stock after selling 32,202 shares during the period. TCM Advisors LLC’s holdings in United Parcel Service were worth $858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brown Advisory Inc. grew its stake in United Parcel Service by 2.8% during the 2nd quarter. Brown Advisory Inc. now owns 90,268 shares of the transportation company’s stock valued at $9,112,000 after purchasing an additional 2,465 shares during the last quarter. SCS Capital Management LLC purchased a new position in shares of United Parcel Service in the second quarter worth about $783,000. Great Diamond Partners LLC acquired a new stake in shares of United Parcel Service during the second quarter worth about $221,000. First Trust Advisors LP lifted its holdings in shares of United Parcel Service by 11.0% during the second quarter. First Trust Advisors LP now owns 2,420,639 shares of the transportation company’s stock worth $244,339,000 after purchasing an additional 239,695 shares during the period. Finally, McGowan Group Asset Management Inc. purchased a new stake in United Parcel Service in the second quarter valued at approximately $21,974,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

United Parcel Service Stock Down 3.6%

UPS stock opened at $94.71 on Friday. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $136.99. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.30 and a current ratio of 1.30. The firm’s fifty day moving average is $90.80 and its 200 day moving average is $92.65. The firm has a market cap of $80.35 billion, a PE ratio of 14.64, a P/E/G ratio of 2.35 and a beta of 1.11.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, October 28th. The transportation company reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.43. United Parcel Service had a net margin of 6.15% and a return on equity of 40.07%. The business had revenue of $21.42 billion for the quarter, compared to analyst estimates of $20.94 billion. During the same period in the prior year, the company posted $1.76 EPS. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. On average, research analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Monday, November 17th were issued a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend was Monday, November 17th. United Parcel Service’s dividend payout ratio (DPR) is presently 101.39%.

Analysts Set New Price Targets

A number of research firms have issued reports on UPS. Wells Fargo & Company raised their price target on shares of United Parcel Service from $91.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 29th. Truist Financial increased their price objective on shares of United Parcel Service from $100.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Susquehanna boosted their target price on shares of United Parcel Service from $100.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. BMO Capital Markets reaffirmed a “market perform” rating and set a $96.00 price target (down from $125.00) on shares of United Parcel Service in a research report on Friday, September 19th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on United Parcel Service from $100.00 to $88.00 and set a “hold” rating for the company in a research note on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $110.00.

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.