TCM Advisors LLC Buys 33,002 Shares of United Parcel Service, Inc. $UPS

Key Points

• TCM Advisors LLC increased its stake in United Parcel Service (UPS) by 428.6%, acquiring an additional 33,002 shares to total 40,702 shares, now worth approximately $4.5 million.
• Multiple hedge funds have also boosted their shares in UPS, with Goldman Sachs increasing its position by 124% and Pacer Advisors by 1,056.6% during the same quarter.
• UPS announced a quarterly dividend of $1.64 per share, reflecting a 7.5% yield, with a payout ratio of 97.62%.

TCM Advisors LLC raised its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 428.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,702 shares of the transportation company's stock after buying an additional 33,002 shares during the period. United Parcel Service accounts for 0.4% of TCM Advisors LLC's holdings, making the stock its 6th largest holding. TCM Advisors LLC's holdings in United Parcel Service were worth $4,477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in UPS. Goldman Sachs Group Inc. boosted its position in United Parcel Service by 124.0% in the first quarter. Goldman Sachs Group Inc. now owns 9,011,107 shares of the transportation company's stock valued at $991,132,000 after buying an additional 4,988,044 shares in the last quarter. Pacer Advisors Inc. boosted its position in United Parcel Service by 1,056.6% in the first quarter. Pacer Advisors Inc. now owns 4,336,175 shares of the transportation company's stock valued at $476,936,000 after buying an additional 3,961,255 shares in the last quarter. Nuveen LLC acquired a new stake in United Parcel Service in the first quarter valued at approximately $201,358,000. Charles Schwab Investment Management Inc. boosted its position in United Parcel Service by 7.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 25,045,472 shares of the transportation company's stock valued at $2,754,751,000 after buying an additional 1,780,807 shares in the last quarter. Finally, Castlekeep Investment Advisors LLC acquired a new stake in United Parcel Service in the fourth quarter valued at approximately $145,846,000. Institutional investors and hedge funds own 60.26% of the company's stock.

Insider Buying and Selling at United Parcel Service

In related news, Director Christiana Smith Shi purchased 500 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was purchased at an average cost of $88.17 per share, with a total value of $44,085.00. Following the completion of the purchase, the director owned 500 shares in the company, valued at approximately $44,085. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Carol B. Tome purchased 11,682 shares of the firm's stock in a transaction on Friday, August 1st. The stock was bought at an average cost of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the purchase, the chief executive officer owned 24,718 shares of the company's stock, valued at approximately $2,117,591.06. This represents a 89.61% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 17,182 shares of company stock valued at $1,477,382. Corporate insiders own 0.13% of the company's stock.

United Parcel Service Price Performance

UPS stock opened at $87.48 on Wednesday. The firm has a market cap of $74.15 billion, a price-to-earnings ratio of 13.02, a PEG ratio of 1.61 and a beta of 1.12. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.51. United Parcel Service, Inc. has a 12-month low of $84.28 and a 12-month high of $145.01. The company's fifty day simple moving average is $95.38 and its 200 day simple moving average is $101.57.

United Parcel Service (NYSE:UPS - Get Free Report) last released its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.01). The firm had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.90 billion. United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. United Parcel Service's quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.79 EPS. On average, analysts expect that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Monday, August 18th will be paid a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 7.5%. The ex-dividend date of this dividend is Monday, August 18th. United Parcel Service's payout ratio is 97.62%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on UPS. Wolfe Research cut their target price on shares of United Parcel Service from $113.00 to $112.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 1st. Jefferies Financial Group cut their price target on shares of United Parcel Service from $150.00 to $130.00 in a report on Wednesday, April 30th. Susquehanna cut their price target on shares of United Parcel Service from $110.00 to $100.00 and set a "neutral" rating on the stock in a report on Wednesday, July 30th. Evercore ISI cut their price target on shares of United Parcel Service from $103.00 to $97.00 and set an "in-line" rating on the stock in a report on Wednesday, July 30th. Finally, Argus cut their price target on shares of United Parcel Service from $150.00 to $120.00 in a report on Friday, May 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $112.81.

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.

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