United Parcel Service Inc (UPS)

[MiamiGent]

UPS offers pilot buyout as demand falters
REUTERS

LOS ANGELES (Reuters) -United Parcel Service ( UPS ) on Thursday said it has offered early retirement to some pilots as the world's biggest package delivery firm grapples with a weak air freight market and rising labor costs.

(con't)

[DarkPool]

Going way lower. Wouldn't be surprised this new contract bankrupts them. Long amazon!!!!! They'll be much cheaper than UPS now

[Whale Gunna]

They’re pricing all retail out of this universe.. Fed Ex and especially DHL far cheaper for the same service.

[MiamiGent]

Absolutely. Unavoidable step.

[bar1080]

UPS is always raising its prices. Always.

[bar1080]

UPS is always raising its prices. Always.

[Prudent Capitalist]

This deal will also force UPS to raise its prices for shipping services.

[MiamiGent]

UPS Teamsters local unions endorse agreement with delivery giant UPS
REUTERS - 6:46 PM ET 7/31/2023

(Reuters) - The Teamsters local unions, which represent 340,000 workers at United Parcel Service ( UPS ), voted 161-1 on Monday to endorse the tentative agreement reached with the delivery giant on July 25.

The agreement, estimated to be at $30 billion by the union, provides historic wage increases, one more paid holiday and air conditioning in the company's ubiquitous brown delivery trucks.

It also eliminates a two-tier pay system and forced overtime for delivery drivers.

(con't)

[MiamiGent]

UPS labor deal could pressure delivery firm's annual outlook, say analysts
BY Aishwarya Nair, REUTERS - 7/26/2023

(Reuters) - A tentative labor deal between United Parcel Service ( UPS ) and the Teamsters union on Tuesday could pressure full-year outlook for the world's largest parcel delivery firm, according to analysts.

The five-year contract, which the head of the union claims to be worth $30 billion in new money, covers about 340,000 U.S. employees and provides wage increases, and one more paid holiday among other benefits.

(con't)

[Craig305]

Strike has been averted. Union and UPS have reached a deal!!

[Craig305]

Tuesday is an important day for UPS.
They will present a new proposal to the union. Let's see how the union President responds to it.
The only sticking point in the negotiations is the part time pay for the warehouse workers.

[MiamiGent]

Brinkmanship, for sure.

The Union President is in Washington today, trying to convince politicians that the union requests are reasonable.
Good insight, Craig.

Keep us posted here and on my board, if you would.
MG

[Craig305]

That is why I do not believe this strike will happen. I believe the union President is making a lot of noise and self promoting the union to make a move to Amazon next.

[MiamiGent]

UPS strike in US could be costliest in at least a century
BY Lisa Baertlein, REUTERS

https://stockcharts.com/h-sc/ui?s=UPS

(Reuters) -A threatened U.S. strike at United Parcel Service ( UPS ) could be "one of the costliest in at least a century," a think tank specializing in the economic impact of labor actions said on Thursday.

Potential losses from a 10-day strike at the world's biggest package delivery company could top $7 billion, according to an estimate from Michigan-based Anderson Economic Group (AEG). That number includes UPS customer losses of $4 billion and lost direct wages of more than $1 billion.

(con't)

[bar1080]

UPS Quarterly Dividends

 
 Date	Dividends 
 May 12, 2023	1.62 Dividend 
 Feb 17, 2023	1.62 Dividend 
 Nov 10, 2022	1.52 Dividend 
 Aug 12, 2022	1.52 Dividend 
 May 13, 2022	1.52 Dividend 
 Feb 18, 2022	1.52 Dividend 
 Nov 19, 2021	1.02 Dividend 
 Aug 20, 2021	1.02 Dividend 
 May 21, 2021	1.02 Dividend 
 Feb 19, 2021	1.02 Dividend 
 Nov 12, 2020	1.01 Dividend 
 Aug 21, 2020	1.01 Dividend 
 May 22, 2020	1.01 Dividend 
 Feb 24, 2020	1.01 Dividend 
 Nov 15, 2019	0.96 Dividend 
 Aug 16, 2019	0.96 Dividend 
 May 17, 2019	0.96 Dividend 
 Feb 25, 2019	0.96 Dividend 
 Nov 16, 2018	0.91 Dividend 
 Aug 17, 2018	0.91 Dividend

[Prudent Capitalist]

Yes. Great news bar. We have a lot of UPS in my wife's retirement account, and all dividends have been automatically reinvested for years.

[bar1080]

UPS raises dividend to boost implied yield above 3.6%, sets new $5 billion stock buyback program

"United Parcel Service Inc. (UPS) raised its quarterly dividend by 6.6%, to $1.62 a share from $1.52 a share, and set a new $5 billion share repurchase program. The package delivery giant’s new dividend will be payable March 10 to shareholders of record on Feb. 21. Based on Monday’s stock closing price of $176.97, the new annual dividend rate implies a dividend yield of 3.66%, which compares with rival FedEx Corp.’s (FDX) current yield of 2.50% and the implied yield for the S&P 500 (SPX) of 1.69%.

https://finance.yahoo.com/m/72c0441e-b067-3de2-a815-5e66d4356c56/ups-raises-dividend-to-boost.html

[Badali]

Long week ahead and no one wants to hold the share so traders are dumping now
After break 177 if this does not hold 160 then it will go to 115 or 100
I am watching now

[Prudent Capitalist]

Fantastic quarter for UPS in this current environment. Still a great sizable long-term holding for my wife and me.

[bar1080]

UPS beats earnings estimates as higher prices drive profit

https://finance.yahoo.com/video/ups-beats-earnings-estimates-higher-132114275.html

[bar1080]

Yes, sustainable, after 48% div increase.

[tw0122]

UPS CEO increases her pay

This month, as hundreds of its Philly-area workers receive a pay cut, UPS is reporting record share prices, and quarterly earnings that nearly doubled from 2020 to 2021 for a profit of $3.9 billion.

“They’re not hurting,” Hooker Jr. said at the rally. “The CEO gets on TV and says they’re a year ahead of schedule while making $14.4 million herself. So you’re gonna take from the people that made those profits available?”

[tw0122]

UPS is a strong buy! Cutting workers wages from $19 to $15 an hour will save company millions!!

UPS cuts wages 20% for hundreds of part-time Philly workers, taking them by surprise

The teamsters union says the pay reduction was illegal.

?

Workers and labor advocates protested a UPS wage cut on Oregon Avenue 

JORDAN LEVY / BILLY PENN

?

 

Jordan Levy

Yesterday, 10:15 a.m.

Two thousand UPS workers in the Philadelphia region have signed onto a demand to raise wages after part-time employees were hit with an unannounced pay cut.

A Thursday morning protest organized by the Teamsters 623 Local union drew about 75 workers, elected officials, and organizers to the South Philly UPS complex. The Oregon Avenue shipping center employs more than 1,350 people across customer service, drivers, and warehousing, according to a union spokesperson.

Shamar Hudson, a warehouse worker getting off his shift as the rally began, told Billy Penn there wasn’t any warning from management before his pay was slashed from $19 to $15 an hour

[bar1080]

UPS "CEO says results are sustainable"

"UPS CEO Carol Tome says the shipping giant is firing on all 12 cylinders as it focuses on more profitable packages and feels the tailwinds of greater online shopping and increased shipments of health care products such as COVID-19 vaccines.

"We think they [the results] are sustainable," Tome told Yahoo Finance Live in an exclusive interview."

"On Tuesday, UPS smashed analyst sales and profit forecasts on the back of a strong holiday shopping season online. The company's operating profit margins expanded in all business segments, in part fueled by Tome's strategy to zero in on things UPS does well and trim other areas. "

https://finance.yahoo.com/news/ups-stock-rips-to-a-record-high-ceo-says-results-are-sustainable-183455444.html

[Prudent Capitalist]

+14.3% thus far today and set a new 52-week high. The dividend boost is huge at 48% increase. We have all of our dividends automatically reinvested in our UPS position at no cost to us.

[bar1080]

UPS boosts dividend by 48%, stock rises. Very welcome amid a weak stock market.

https://finance.yahoo.com/video/ups-boosts-dividend-48-stock-145839790.html

[NewJerichoMan]

It's going to be a UPS kind of day.

[NewJerichoMan]

$UPS looks like it's about to test the 50-day MA again.

$UPS = well run business. WalMart is projecting record XMAS sales. Customers have lots of cash saved up from CoVid; spending more on goods because they can't spend on services (restaurants, vacays, etc.), i.e., stuff that increasingly requires a delivery service. Omicron is on the way. All very bullish things for UPS's business model.

[bar1080]

MFool: Why does Buffett own such a tiny_UPS_position?

"3 Stocks Warren Buffett Should Use His $149 Billion Stash to Buy"

"Berkshire Hathaway technically owns shares of package delivery giant UPS. But the stake makes up less than a hundredth of a percent of its portfolio. UPS is Buffett's smallest stock holding, but there are many reasons it deserves to be one of his largest."

https://www.fool.com/investing/2021/11/13/3-stocks-warren-buffett-should-use-his-149-billion/

[bar1080]

Quite a surprise! Another reason I (and Charlie) say "The More You Trade, The More You Lose." Now, if BRK would just move up a bit..."

[Prudent Capitalist]

Great Q. And UPS upped guidance and increased its projected margins going forward.

[NewJerichoMan]

$212 in pre-market.

[bar1080]

"UPS EPS beats by $0.16, beats on revenue, raises FY2021 guidance"

https://seekingalpha.com/news/3757887-ups-eps-beats-by-016-beats-on-revenue-raises-fy2021-guidance

[NewJerichoMan]

And we know they'll be better-than-expected because... well-run company. I fear as interest rates go up, it'll take a not insignificant bite out of UPS. And, DWAC was impossible to resist today.

[bar1080]

UPS reports earnings next Tuesday, I think. Of course I'm holding as I have for >a decade.

[Prudent Capitalist]

There are still strong buy recommendations with price targets from $233 - $251, so I will continue to hold. UPS is a strong hold IMO.

[NewJerichoMan]

Several reasons. Mostly, it's reached over-bought territory and the stock hasn't done well there recently and starting other positions today.

[bar1080]

Why did you sell now?

[NewJerichoMan]

Out at ~$196.

Round 2, after one factors for slightly larger position plus no tax shield, netted about the same profit as Round 1. However, Round 1 was ~7 months vs ~2 weeks for Round 2.

[NewJerichoMan]

Still in. Not time to sell yet.

[bar1080]

What happened to your "flip?" Are you in, or out, or watching... or all of the above?

[NewJerichoMan]

Market looks like it'll extend gains from yesterday. Correlation? UPS will probably continue upward as well.

Plenty of resistance points before it summits $200 again but I'm watching $196 with particular attention.

[NewJerichoMan]

Blew through the 200-day MA and now testing the 50-day MA.

[NewJerichoMan]

UPS is popping this morning. Not sure why. Don't care. It was over-sold.

[NewJerichoMan]

UPS is a market stock. Stock should be inline for a good couple days with the debt ceiling drama, China drama, and other drama behind it for the moment.

[NewJerichoMan]

In for a flip at $178.xx. We'll see how she goes.

[NewJerichoMan]

Photo of Berkshire's returns for the past few years.




My returns are crushing his for the past couple years. AND my primary residence is nicer than his! Lol.

Lots of way to trade. No one is asking you to subscribe to my way of trading.

[bar1080]

Photo of Buffett's Omaha office showing computer used for charting and T/A. Oh, that's right. Buffett doesn't have a computer in his office. TA is utter nonsense. Tea leaves. He rarely trades his stocks. Has held some UPS for years.

[NewJerichoMan]

UPS on edge of losing major support: 200-day MA (daily chart).

Significant gap downward to high $170's. I think UPS's stock price trades in step with the overall market, as well as based on yield moreso than being driven by the company's performance. Yield is still low in the 2.2%ish range while the 10-year is at 1.5%ish.

Stock is significantly oversold and still in danger of dropping several more dollars. If that happens, I might have to buy back in for the bounce.

[NewJerichoMan]

UPS is a well-run company. I'm just surprised at what a laggard the stock has been during long stretches of the pandemic. It was basically $115 before the pandemic (late 2019) and today, it's precariously sitting above the 200-day MA ($184ish) at $185. That's a 60% increase, which is nothing to scoff at but it should be more. E-commerce will continue to expand and grow, and with it UPS's prospects.