CapWealth Advisors LLC Acquires 19,188 Shares of United Parcel Service, Inc. $UPS

CapWealth Advisors LLC increased its stake in United Parcel Service, Inc. (NYSE:UPS) by 9.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 216,227 shares of the transportation company’s stock after purchasing an additional 19,188 shares during the quarter. United Parcel Service makes up approximately 1.6% of CapWealth Advisors LLC’s investment portfolio, making the stock its 28th biggest position. CapWealth Advisors LLC’s holdings in United Parcel Service were worth $18,061,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Coastline Trust Co raised its stake in shares of United Parcel Service by 35.8% in the third quarter. Coastline Trust Co now owns 2,240 shares of the transportation company’s stock worth $187,000 after buying an additional 590 shares during the period. Financial Consulate Inc. bought a new position in shares of United Parcel Service during the 3rd quarter valued at approximately $757,000. Salomon & Ludwin LLC increased its holdings in United Parcel Service by 217.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 802 shares of the transportation company’s stock worth $70,000 after acquiring an additional 549 shares in the last quarter. Romano Brothers AND Company raised its stake in United Parcel Service by 3.5% during the 3rd quarter. Romano Brothers AND Company now owns 60,260 shares of the transportation company’s stock worth $5,034,000 after acquiring an additional 2,046 shares during the period. Finally, Twin Lakes Capital Management LLC lifted its holdings in United Parcel Service by 1.4% during the third quarter. Twin Lakes Capital Management LLC now owns 10,714 shares of the transportation company’s stock valued at $895,000 after purchasing an additional 143 shares in the last quarter. Institutional investors own 60.26% of the company’s stock.

United Parcel Service Stock Performance

United Parcel Service stock opened at $99.23 on Friday. The company’s 50-day moving average is $96.52 and its 200 day moving average is $92.87. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $136.99. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a market capitalization of $84.19 billion, a P/E ratio of 15.34, a price-to-earnings-growth ratio of 2.36 and a beta of 1.11.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, October 28th. The transportation company reported $1.74 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $20.94 billion. During the same period in the prior year, the firm earned $1.76 EPS. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. 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 declared a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, November 17th were given a dividend of $1.64 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.6%. United Parcel Service’s dividend payout ratio is presently 101.39%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on UPS shares. UBS Group increased their price objective on shares of United Parcel Service from $110.00 to $113.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Truist Financial upped their target price on shares of United Parcel Service from $100.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Bank of America decreased their price target on United Parcel Service from $83.00 to $81.00 and set an “underperform” rating on the stock in a report on Friday, September 26th. Deutsche Bank Aktiengesellschaft dropped 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. Finally, JPMorgan Chase & Co. increased their target price on United Parcel Service from $85.00 to $97.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. One 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 given a Sell rating to the stock. Based on data from MarketBeat, United Parcel Service has a consensus rating of “Hold” and a consensus target price of $110.09.

About United Parcel Service

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.