Venture Visionary Partners LLC Purchases 23,935 Shares of United Parcel Service, Inc. $UPS

Venture Visionary Partners LLC raised its position in United Parcel Service, Inc. (NYSE:UPS) by 97.6% in the 2nd quarter, Holdings Channel reports. The firm owned 48,449 shares of the transportation company’s stock after buying an additional 23,935 shares during the period. Venture Visionary Partners LLC’s holdings in United Parcel Service were worth $4,890,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in UPS. Graybill Wealth Management LTD. acquired a new position in shares of United Parcel Service in the first quarter valued at approximately $26,000. Citizens National Bank Trust Department boosted its holdings in shares of United Parcel Service by 525.0% in the first 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. Hemington Wealth Management boosted its holdings in shares of United Parcel Service by 68.9% in the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock valued at $31,000 after buying an additional 115 shares during the period. Saudi Central Bank acquired a new position in shares of United Parcel Service in the first quarter valued at approximately $32,000. Finally, Flaharty Asset Management LLC acquired a new position in shares of United Parcel Service in the first quarter valued at approximately $33,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on UPS. Susquehanna reduced 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 report on Wednesday, July 30th. UBS Group reduced their price target on shares of United Parcel Service from $124.00 to $118.00 and set a “buy” rating for the company in a report on Wednesday, July 30th. Wall Street Zen cut shares of United Parcel Service from a “hold” rating to a “sell” rating in a report on Saturday, September 20th. Wolfe Research reduced their target price on shares of United Parcel Service from $113.00 to $112.00 and set an “outperform” rating for the company in a report on Tuesday, July 1st. Finally, BNP Paribas upgraded shares of United Parcel Service to a “hold” rating in a report on Thursday, July 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $111.38.

Insider Buying and Selling at United Parcel Service

In other news, CEO Carol B. Tome purchased 11,682 shares of the business’s stock in a transaction on Friday, August 1st. The stock was purchased at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the purchase, the chief executive officer directly owned 24,718 shares in the company, valued at $2,117,591.06. The trade was a 89.61% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William R. Johnson purchased 5,000 shares of the business’s stock in a transaction on Thursday, July 31st. The stock was purchased at an average price of $86.50 per share, with a total value of $432,500.00. Following the purchase, the director owned 10,160 shares of the company’s stock, valued at approximately $878,840. The trade was a 96.90% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 17,182 shares of company stock worth $1,477,382 over the last quarter. 0.13% of the stock is currently owned by insiders.

United Parcel Service Stock Performance

Shares of UPS stock opened at $84.46 on Tuesday. The stock has a market cap of $71.59 billion, a P/E ratio of 12.57, a P/E/G ratio of 1.54 and a beta of 1.08. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.32. The company has a fifty day moving average price of $87.61 and a two-hundred day moving average price of $96.09. United Parcel Service, Inc. has a one year low of $82.00 and a one year high of $145.01.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing analysts’ consensus estimates 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%. The business’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.79 EPS. As a group, equities analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were paid a $1.64 dividend. The ex-dividend date was Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a yield of 7.8%. United Parcel Service’s dividend payout ratio (DPR) is currently 97.62%.

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.