Venture Visionary Partners LLC Sells 11,230 Shares of United Parcel Service, Inc. $UPS

Venture Visionary Partners LLC cut its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 23.2% during the third quarter, Holdings Channel reports. The fund owned 37,219 shares of the transportation company’s stock after selling 11,230 shares during the period. Venture Visionary Partners LLC’s holdings in United Parcel Service were worth $3,109,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of UPS. Brighton Jones LLC grew its holdings in United Parcel Service by 63.8% during the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after purchasing an additional 4,723 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in shares of United Parcel Service by 2.5% in the first quarter. Steward Partners Investment Advisory LLC now owns 72,174 shares of the transportation company’s stock valued at $7,938,000 after purchasing an additional 1,786 shares during the last quarter. Versor Investments LP acquired a new position in shares of United Parcel Service during the 1st quarter worth about $344,000. Brooklyn Investment Group grew its stake in United Parcel Service by 17.9% in the first quarter. Brooklyn Investment Group now owns 1,626 shares of the transportation company’s stock valued at $179,000 after purchasing an additional 247 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of United Parcel Service by 0.3% in the first quarter. Northern Trust Corp now owns 7,415,523 shares of the transportation company’s stock valued at $815,633,000 after buying an additional 23,918 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on UPS. Bank of America dropped their price target on United Parcel Service from $83.00 to $81.00 and set an “underperform” rating on the stock in a research note on Friday, September 26th. Weiss Ratings reiterated a “sell (d+)” rating on shares of United Parcel Service in a research report on Wednesday, October 8th. Stifel Nicolaus upped their price target on shares of United Parcel Service from $110.00 to $112.00 and gave the stock a “buy” rating in a report on Tuesday. Susquehanna lifted their target price on United Parcel Service from $100.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Finally, Wells Fargo & Company increased their price target on United Parcel Service from $91.00 to $96.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, United Parcel Service presently has a consensus rating of “Hold” and an average target price of $110.09.

United Parcel Service Stock Performance

Shares of UPS opened at $100.15 on Wednesday. The firm has a market capitalization of $84.97 billion, a P/E ratio of 15.48, a P/E/G ratio of 2.39 and a beta of 1.11. The stock has a 50 day moving average price of $92.95 and a two-hundred day moving average price of $92.68. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $136.99. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.30 and a current ratio of 1.30.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.43. United Parcel Service had a net margin of 6.15% and a return on equity of 40.07%. The business had revenue of $21.42 billion during the quarter, compared to the consensus estimate of $20.94 billion. During the same period in the prior year, the firm posted $1.76 EPS. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. Equities analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Monday, November 17th were given a dividend of $1.64 per share. The ex-dividend date was Monday, November 17th. This represents a $6.56 annualized dividend and a dividend yield of 6.6%. United Parcel Service’s dividend payout ratio is currently 101.39%.

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.