United Parcel Service, Inc. (NYSE:UPS) Stake Lessened by TCTC Holdings LLC

Key Points

• TCTC Holdings LLC reduced its stake in United Parcel Service (UPS) by 6.2%, now holding 65,295 shares valued at approximately $7.18 million.
• UPS reported a quarterly earnings per share (EPS) of $1.49, exceeding expectations, with a revenue of $21.50 billion for the quarter.
• The company declared a quarterly dividend of $1.64 per share, representing an annualized dividend yield of 6.47% with a payout ratio of 95.63%.

TCTC Holdings LLC cut its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 6.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 65,295 shares of the transportation company's stock after selling 4,293 shares during the period. TCTC Holdings LLC's holdings in United Parcel Service were worth $7,182,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Pinney & Scofield Inc. acquired a new position in United Parcel Service in the 4th quarter valued at $27,000. Fourth Dimension Wealth LLC purchased a new stake in shares of United Parcel Service during the 4th quarter valued at $28,000. Graybill Wealth Management LTD. purchased a new stake in shares of United Parcel Service during the 1st quarter valued at $26,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of United Parcel Service during the 4th quarter valued at $31,000. Finally, Citizens National Bank Trust Department grew its stake in shares of United Parcel Service by 525.0% during the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock valued at $27,000 after buying an additional 210 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Performance

Shares of NYSE:UPS traded down $1.69 during trading hours on Friday, hitting $84.47. The stock had a trading volume of 7,839,329 shares, compared to its average volume of 6,241,754. The stock's fifty day simple moving average is $99.53 and its 200 day simple moving average is $106.42. United Parcel Service, Inc. has a 1-year low of $84.43 and a 1-year high of $145.01. The firm has a market capitalization of $71.53 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 1.51 and a beta of 1.21. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.09 and a current ratio of 1.32.

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

United Parcel Service Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were paid a $1.64 dividend. The ex-dividend date was Monday, May 19th. This represents a $6.56 annualized dividend and a dividend yield of 7.8%. United Parcel Service's dividend payout ratio (DPR) is presently 97.62%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on UPS. UBS Group lowered their price objective on shares of United Parcel Service from $124.00 to $118.00 and set a "buy" rating for the company in a research note on Wednesday. HSBC cut shares of United Parcel Service from a "buy" rating to a "hold" rating and decreased their price target for the stock from $140.00 to $105.00 in a research report on Thursday, May 1st. Hsbc Global Res cut shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 1st. Susquehanna decreased their price target on shares of United Parcel Service from $110.00 to $100.00 and set a "neutral" rating for the company in a research report on Wednesday. Finally, Morgan Stanley decreased their price target on shares of United Parcel Service from $80.00 to $75.00 and set an "underweight" rating for the company in a research report on Wednesday. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $112.81.

United Parcel Service 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.