Venture Visionary Partners LLC Purchases 10,456 Shares of United Parcel Service, Inc. $UPS

Key Points

• Venture Visionary Partners LLC increased its holdings in United Parcel Service (UPS) by 74.4%, acquiring an additional 10,456 shares and bringing their total shares to 24,514, valued at $2.696 million.
• CEO Carol B. Tome purchased 11,682 shares of the company at an average price of $85.67, increasing her ownership by 89.61%, while Director William R. Johnson also increased his stake significantly with a purchase of 5,000 shares.
• UPS recently declared a quarterly dividend of $1.64 per share, with a dividend yield of 7.5%, reflecting a high payout ratio of 97.62%.

Venture Visionary Partners LLC grew its position in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 74.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,514 shares of the transportation company's stock after acquiring an additional 10,456 shares during the period. Venture Visionary Partners LLC's holdings in United Parcel Service were worth $2,696,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of UPS. Graybill Wealth Management LTD. bought a new position in shares of United Parcel Service during the first quarter valued at about $26,000. Pinney & Scofield Inc. bought a new position in United Parcel Service in the fourth quarter worth about $27,000. Citizens National Bank Trust Department raised its stake in 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 worth $27,000 after buying an additional 210 shares in the last quarter. Fourth Dimension Wealth LLC bought a new position in United Parcel Service in the fourth quarter worth about $28,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new position in United Parcel Service in the fourth quarter worth about $31,000. 60.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Carol B. Tome purchased 11,682 shares of the business's stock in a transaction dated Friday, August 1st. The shares were purchased at an average price of $85.67 per share, for a total transaction of $1,000,796.94. Following the completion of the acquisition, the chief executive officer directly owned 24,718 shares in the company, valued at $2,117,591.06. This represents a 89.61% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William R. Johnson purchased 5,000 shares of the business's stock in a transaction dated Thursday, July 31st. The shares were purchased at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the acquisition, 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. Corporate insiders own 0.13% of the company's stock.

United Parcel Service Price Performance

Shares of NYSE UPS opened at $87.7170 on Wednesday. United Parcel Service, Inc. has a fifty-two week low of $84.28 and a fifty-two week high of $145.01. The company has a 50 day simple moving average of $96.69 and a two-hundred day simple moving average of $102.44. The company has a market capitalization of $74.35 billion, a price-to-earnings ratio of 13.05, a P/E/G ratio of 1.59 and a beta of 1.12. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $20.90 billion. During the same period in the prior year, the business posted $1.79 EPS. United Parcel Service's revenue for the quarter was down 2.7% on a year-over-year basis. Analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Monday, August 18th will be issued a dividend of $1.64 per share. The ex-dividend date is Monday, August 18th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 7.5%. United Parcel Service's dividend payout ratio is presently 97.62%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Susquehanna decreased 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 research note on Wednesday, July 30th. BMO Capital Markets decreased their price target on shares of United Parcel Service from $130.00 to $125.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. BNP Paribas raised shares of United Parcel Service to a "hold" rating in a research note on Thursday, July 3rd. Truist Financial decreased their price target on shares of United Parcel Service from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Wednesday, July 30th. Finally, BNP Paribas Exane raised shares of United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 price target for the company in a research note on Thursday, July 3rd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $112.81.

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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