Venturi Wealth Management LLC Has $1.76 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

Venturi Wealth Management LLC lifted its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 34.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,952 shares of the transportation company’s stock after buying an additional 3,566 shares during the quarter. Venturi Wealth Management LLC’s holdings in United Parcel Service were worth $1,759,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. State Street Corp increased its position in shares of United Parcel Service by 2.1% during the third quarter. State Street Corp now owns 29,597,425 shares of the transportation company’s stock worth $4,035,313,000 after buying an additional 613,409 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in United Parcel Service by 6.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company’s stock worth $2,989,609,000 after acquiring an additional 1,320,921 shares in the last quarter. Geode Capital Management LLC boosted its stake in United Parcel Service by 2.5% during the third quarter. Geode Capital Management LLC now owns 15,289,624 shares of the transportation company’s stock worth $2,080,170,000 after acquiring an additional 373,202 shares in the last quarter. International Assets Investment Management LLC boosted its stake in United Parcel Service by 15,779.6% during the third quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company’s stock worth $1,994,853,000 after acquiring an additional 14,539,321 shares in the last quarter. Finally, FMR LLC boosted its stake in United Parcel Service by 3.7% during the third quarter. FMR LLC now owns 10,627,550 shares of the transportation company’s stock worth $1,448,960,000 after acquiring an additional 380,229 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on UPS shares. JPMorgan Chase & Co. cut their target price on shares of United Parcel Service from $135.00 to $120.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Evercore ISI increased their target price on shares of United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a research note on Wednesday, January 22nd. Wells Fargo & Company cut their target price on shares of United Parcel Service from $150.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Baird R W lowered shares of United Parcel Service from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 31st. Finally, Oppenheimer raised their price objective on shares of United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, United Parcel Service has a consensus rating of “Moderate Buy” and an average price target of $140.73.

United Parcel Service Stock Performance

NYSE UPS opened at $115.45 on Wednesday. United Parcel Service, Inc. has a 52-week low of $109.40 and a 52-week high of $158.95. The company has a 50-day simple moving average of $124.29 and a 200 day simple moving average of $128.67. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The company has a market capitalization of $98.52 billion, a PE ratio of 17.08, a price-to-earnings-growth ratio of 1.50 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same quarter in the prior year, the firm earned $2.47 earnings per share. On average, research analysts predict that United Parcel Service, Inc. will post 7.99 EPS for the current year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 18th will be issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 5.68%. The ex-dividend date of this dividend is Tuesday, February 18th. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio (DPR) is 96.45%.

Insider Transactions at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $138.57, for a total value of $1,015,025.25. Following the completion of the transaction, the insider now owns 45,098 shares in the company, valued at $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.13% of the company’s stock.

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.