Covenant Partners LLC Decreases Stake in United Parcel Service, by 16.0% in Q1
June 30, 2023
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United Parcel Service ($NYSE:UPS), Inc. (UPS), commonly referred to as UPS, is an American multinational package delivery and supply chain management company. The filing did not specify any reasons for the decrease in stake. Analysts have speculated that the fall could be due to market conditions or internal decisions made by Covenant Partners LLC. It is also possible that investors are choosing to deploy their funds elsewhere, given the current market situation.
Analysis
GoodWhale has performed an analysis of UNITED PARCEL SERVICE’s fundamentals. Our Star Chart indicates that UNITED PARCEL SERVICE has a high health score of 8/10 considering its cashflows and debt, making it capable to pay off debt and fund future operations. Based on our analysis, we classify UNITED PARCEL SERVICE as ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. Considering its strength in dividend, profitability, and medium in asset and growth, UNITED PARCEL SERVICE is likely to appeal to value and income investors. At the same time, those investors looking for growth opportunities may find UNITED PARCEL SERVICE appealing as well. UNITED PARCEL SERVICE’s strong cashflow position also makes it a suitable option for investors seeking stability in the long-term, as the company is able to cover existing debts and meet other financial obligations. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for UPS. More…
| Total Revenues | Net Income | Net Margin |
| 98.89k | 10.78k | 9.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for UPS. More…
| Operations | Investing | Financing |
| 11.98k | -8.71k | -9.21k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for UPS. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 72.19k | 52.14k | 23.39 |
Key Ratios Snapshot
Some of the financial key ratios for UPS are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.7% | 18.9% | 14.8% |
| FCF Margin | ROE | ROA |
| 7.2% | 46.1% | 12.7% |
Peers
There is intense competition between United Parcel Service Inc and its competitors: Deutsche Post AG, Expeditors International of Washington Inc, Kuehne + Nagel International AG. All these companies are striving to get a larger share of the global market for logistics and transportation services.
– Deutsche Post AG ($OTCPK:DPSTF)
Deutsche Post AG, together with its subsidiaries, provides postal and logistics services in Germany and internationally. The company operates through three segments: Post, Express, and Parcel (PEPS); eCommerce Parcel; and Supply Chain. The Post segment offers various postal services, including the delivery of letters and parcels, as well as direct marketing products. The Express segment provides international express mail, national express mail, and express courier services. The Parcel (PEPS) segment offers parcel services. The eCommerce Parcel segment engages in the provision of parcel services for business customers and private individuals. The Supply Chain segment offers a range of logistics solutions, including air and ocean freight, warehousing, and contract logistics. Deutsche Post AG was founded in 1995 and is headquartered in Bonn, Germany.
– Expeditors International of Washington Inc ($NASDAQ:EXPD)
Expeditors International of Washington Inc is a Fortune 500 company that provides global logistics services. It is headquartered in Seattle, Washington and has over 300 offices in 70 countries. The company is a leading provider of transportation and logistics services, and its core business is facilitating the movement of goods and people around the world. Expeditors has a diversified business model that includes airfreight, ocean freight, customs brokerage, and warehousing and distribution. The company’s global logistics network includes a comprehensive range of transportation and distribution services that allow it to provide end-to-end solutions for its customers. Expeditors is a publicly traded company listed on the NASDAQ stock exchange under the ticker symbol EXPD.
– Kuehne + Nagel International AG ($OTCPK:KHNGF)
Kuehne + Nagel International AG, together with its subsidiaries, provides logistics and transportation services worldwide. The company operates through four segments: Sea Logistics, Air Logistics, Land Logistics, and Overland Logistics. It offers transport and storage solutions for various goods, including chemicals and oil, fashion, food, and beverages, general cargo, healthcare, high-tech products, automotive parts, and others. The company was founded in 1890 and is headquartered in Schindellegi, Switzerland.
Summary
United Parcel Service, Inc. (UPS) is a popular investment opportunity, with many investors recently making changes to their holdings. This could indicate a shift in investor perception, that the stock may not be as profitable as it had been previously. Analysts have noted the positive performance of UPS in recent times, citing its strong balance sheet and commitment to cost-cutting.
In the coming months, investors should consider any further changes to their portfolio and continue to look for trends in the stock’s performance. Furthermore, closely monitoring news related to the company should also help inform decision making.
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