Venturi Wealth Management LLC Has $1.66 Million Holdings in United Parcel Service, Inc. $UPS

Venturi Wealth Management LLC cut its holdings in United Parcel Service, Inc. (NYSE:UPS) by 2.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,483 shares of the transportation company’s stock after selling 365 shares during the period. Venturi Wealth Management LLC’s holdings in United Parcel Service were worth $1,664,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Godsey & Gibb Inc. increased its holdings in United Parcel Service by 3.5% during the second quarter. Godsey & Gibb Inc. now owns 161,606 shares of the transportation company’s stock worth $16,312,000 after buying an additional 5,470 shares during the last quarter. 626 Financial LLC acquired a new position in United Parcel Service during the second quarter worth $228,000. KLP Kapitalforvaltning AS increased its holdings in United Parcel Service by 5.3% during the second quarter. KLP Kapitalforvaltning AS now owns 263,293 shares of the transportation company’s stock worth $26,577,000 after buying an additional 13,200 shares during the last quarter. RMG Wealth Management LLC acquired a new position in United Parcel Service during the second quarter worth $34,000. Finally, Richwood Investment Advisors LLC increased its holdings in United Parcel Service by 1.9% during the second quarter. Richwood Investment Advisors LLC now owns 6,089 shares of the transportation company’s stock worth $615,000 after buying an additional 115 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at United Parcel Service

In other United Parcel Service news, Director William R. Johnson purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 31st. The shares were acquired at an average cost of $86.50 per share, for a total transaction of $432,500.00. Following the completion of 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christiana Smith Shi purchased 500 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was acquired at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the completion of the purchase, the director directly owned 500 shares of the company’s stock, valued at $44,085. This represents a ? increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 17,182 shares of company stock worth $1,477,382. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Trading Up 0.3%

UPS stock opened at $86.27 on Thursday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32. The company’s 50-day simple moving average is $85.79 and its 200 day simple moving average is $94.85. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $145.01. The company has a market capitalization of $73.12 billion, a PE ratio of 12.84, a price-to-earnings-growth ratio of 1.58 and a beta of 1.10.

United Parcel Service (NYSE:UPS) last released 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 business had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.90 billion. During the same quarter last year, the company posted $1.79 earnings per share. The company’s revenue was down 2.7% on a year-over-year basis. As a group, sell-side analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors 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 annualized dividend and a dividend yield of 7.6%. United Parcel Service’s dividend payout ratio is 97.62%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on shares of United Parcel Service from $100.00 to $88.00 and set a “hold” rating on the stock in a report on Thursday, October 2nd. Evercore ISI lowered their target price on shares of United Parcel Service from $103.00 to $97.00 and set an “in-line” rating on the stock in a report on Wednesday, July 30th. Wolfe Research lowered their target price on shares of United Parcel Service from $113.00 to $112.00 and set an “outperform” rating on the stock in a report on Tuesday, July 1st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of United Parcel Service in a research report on Wednesday. Finally, Stifel Nicolaus reduced their price objective on shares of United Parcel Service from $124.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $109.38.

United Parcel Service Company 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.