Venturi Wealth Management LLC Increases Holdings in United Parcel Service, Inc. (NYSE:UPS)

Venturi Wealth Management LLC increased its stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 20.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,848 shares of the transportation company's stock after purchasing an additional 2,896 shares during the quarter. Venturi Wealth Management LLC's holdings in United Parcel Service were worth $1,853,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of UPS. SYM FINANCIAL Corp acquired a new position in shares of United Parcel Service during the 1st quarter worth about $242,000. Oak Thistle LLC purchased a new stake in shares of United Parcel Service in the 1st quarter valued at about $2,198,000. DeDora Capital Inc. lifted its holdings in shares of United Parcel Service by 3.4% in the 1st quarter. DeDora Capital Inc. now owns 6,519 shares of the transportation company's stock valued at $717,000 after purchasing an additional 217 shares during the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of United Parcel Service by 8.2% in the 1st quarter. Proficio Capital Partners LLC now owns 1,877 shares of the transportation company's stock valued at $206,000 after purchasing an additional 142 shares during the last quarter. Finally, KLP Kapitalforvaltning AS lifted its holdings in shares of United Parcel Service by 3.0% in the 1st quarter. KLP Kapitalforvaltning AS now owns 250,093 shares of the transportation company's stock valued at $27,508,000 after purchasing an additional 7,200 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Price Performance

United Parcel Service stock traded down $0.95 during mid-day trading on Thursday, reaching $102.58. The company had a trading volume of 3,676,726 shares, compared to its average volume of 4,540,959. United Parcel Service, Inc. has a fifty-two week low of $90.55 and a fifty-two week high of $145.01. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. The company has a market cap of $86.87 billion, a P/E ratio of 14.95, a P/E/G ratio of 1.99 and a beta of 1.21. The business has a fifty day simple moving average of $99.96 and a 200 day simple moving average of $107.51.

United Parcel Service (NYSE:UPS - Get Free Report) last released its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.11. The business had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. United Parcel Service's revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.43 earnings per share. On average, equities research analysts predict that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.39%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's payout ratio is 95.63%.

Analysts Set New Price Targets

Several analysts have commented on the company. Raymond James Financial reduced their price objective on United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 9th. Truist Financial reduced their price objective on United Parcel Service from $140.00 to $130.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Stifel Nicolaus reduced their price objective on United Parcel Service from $145.00 to $124.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Galvan Research reduced their price objective on United Parcel Service from $147.00 to $133.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Finally, Wolfe Research reduced their price objective on United Parcel Service from $133.00 to $113.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $119.13.

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.