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

Key Points

• Venture Visionary Partners LLC increased its stake in United Parcel Service (UPS) by 97.6% in Q2, acquiring an additional 23,935 shares, bringing their total holdings to 48,449 shares valued at approximately $4.89 million.
• United Parcel Service's recent quarterly earnings report showed earnings per share of $1.55, missing expectations by $0.01, with revenue of $21.20 billion beating estimates.
• The company declared a quarterly dividend of $1.64 per share, representing a 7.8% dividend yield and a payout ratio of 97.62%.

Venture Visionary Partners LLC raised its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 97.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,449 shares of the transportation company's stock after purchasing an additional 23,935 shares during the period. Venture Visionary Partners LLC's holdings in United Parcel Service were worth $4,890,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Juncture Wealth Strategies LLC boosted its holdings in United Parcel Service by 2.5% in the 1st quarter. Juncture Wealth Strategies LLC now owns 4,124 shares of the transportation company's stock valued at $454,000 after purchasing an additional 101 shares during the period. Bangor Savings Bank boosted its holdings in United Parcel Service by 1.9% in the 2nd quarter. Bangor Savings Bank now owns 5,413 shares of the transportation company's stock valued at $546,000 after purchasing an additional 101 shares during the period. First Dallas Securities Inc. boosted its holdings in United Parcel Service by 0.9% in the 1st quarter. First Dallas Securities Inc. now owns 11,421 shares of the transportation company's stock valued at $1,256,000 after purchasing an additional 102 shares during the period. TCV Trust & Wealth Management Inc. lifted its holdings in shares of United Parcel Service by 1.4% during the 1st quarter. TCV Trust & Wealth Management Inc. now owns 7,544 shares of the transportation company's stock worth $830,000 after acquiring an additional 103 shares during the period. Finally, Fortis Capital Advisors LLC boosted its position in shares of United Parcel Service by 3.4% during the 1st quarter. Fortis Capital Advisors LLC now owns 3,185 shares of the transportation company's stock valued at $350,000 after acquiring an additional 104 shares in the last quarter. 60.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In other United Parcel Service news, CEO Carol B. Tome purchased 11,682 shares of the company's stock in a transaction that occurred on Friday, August 1st. The stock was acquired at an average cost of $85.67 per share, with a total value 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 approximately $2,117,591.06. This represents a 89.61% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William R. Johnson purchased 5,000 shares of the company's stock in a transaction that occurred on Thursday, July 31st. The shares were acquired at an average cost of $86.50 per share, with a total value of $432,500.00. Following the completion of the purchase, the director owned 10,160 shares of the company's stock, valued at $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 acquired a total of 17,182 shares of company stock valued at $1,477,382 over the last ninety days. Insiders own 0.13% of the company's stock.

United Parcel Service Stock Performance

UPS stock opened at $84.46 on Tuesday. 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 50 day moving average price of $87.61 and a 200 day moving average price of $96.09. United Parcel Service, Inc. has a fifty-two week low of $82.00 and a fifty-two week high of $145.01. The stock has a market capitalization of $71.59 billion, a PE ratio of 12.57, a price-to-earnings-growth ratio of 1.54 and a beta of 1.08.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.01). The company had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.90 billion. United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The business's revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.79 EPS. 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, September 4th. Investors of record on Monday, August 18th were paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend was Monday, August 18th. United Parcel Service's payout ratio is 97.62%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on UPS shares. Wall Street Zen lowered shares of United Parcel Service from a "hold" rating to a "sell" rating in a research report on Saturday, September 20th. Susquehanna decreased their target price on shares of United Parcel Service from $110.00 to $100.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 30th. Truist Financial decreased their target price on shares of United Parcel Service from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Wednesday, July 30th. Evercore ISI decreased 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 research report on Wednesday, July 30th. Finally, Morgan Stanley decreased their target price on shares of United Parcel Service from $80.00 to $75.00 and set an "underweight" rating on the stock in a research report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, United Parcel Service currently has an average rating of "Hold" and a consensus price target of $111.38.

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.

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