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

Venturi Wealth Management LLC increased its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 34.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,952 shares of the transportation company's stock after purchasing an additional 3,566 shares during the period. Venturi Wealth Management LLC's holdings in United Parcel Service were worth $1,759,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in UPS. State Street Corp increased its stake in shares of United Parcel Service by 2.1% in the third quarter. State Street Corp now owns 29,597,425 shares of the transportation company's stock valued at $4,035,313,000 after purchasing an additional 613,409 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in United Parcel Service by 6.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 21,927,607 shares of the transportation company's stock worth $2,989,609,000 after buying an additional 1,320,921 shares in the last quarter. Geode Capital Management LLC increased its position in United Parcel Service by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 15,289,624 shares of the transportation company's stock valued at $2,080,170,000 after acquiring an additional 373,202 shares during the period. International Assets Investment Management LLC raised its stake in United Parcel Service by 15,779.6% during the 3rd quarter. International Assets Investment Management LLC now owns 14,631,461 shares of the transportation company's stock valued at $1,994,853,000 after acquiring an additional 14,539,321 shares in the last quarter. Finally, FMR LLC boosted its position in United Parcel Service by 3.7% during the 3rd 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 during the period. Institutional investors and hedge funds own 60.26% of the company's stock.

Insider Buying and Selling

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the transaction, the insider now owns 45,098 shares of the company's stock, valued at approximately $6,249,229.86. This trade represents a 13.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on UPS. Bank of America cut their price objective on shares of United Parcel Service from $150.00 to $133.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Robert W. Baird downgraded shares of United Parcel Service from an "outperform" rating to a "neutral" rating and dropped their price target for the stock from $160.00 to $130.00 in a research report on Friday, January 31st. Citigroup decreased their price objective on shares of United Parcel Service from $158.00 to $149.00 and set a "buy" rating for the company in a report on Friday, January 31st. Wolfe Research upgraded shares of United Parcel Service from a "peer perform" rating to an "outperform" rating and set a $147.00 price objective on the stock in a research note on Wednesday, January 8th. Finally, Morgan Stanley cut their target price on United Parcel Service from $100.00 to $82.00 and set an "underweight" rating for the company in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, United Parcel Service has an average rating of "Moderate Buy" and a consensus target price of $140.73.

United Parcel Service Stock Down 0.2 %

United Parcel Service stock traded down $0.25 during mid-day trading on Friday, hitting $116.35. The company's stock had a trading volume of 6,455,199 shares, compared to its average volume of 7,796,271. United Parcel Service, Inc. has a 52-week low of $109.40 and a 52-week high of $158.95. The company has a market cap of $99.38 billion, a PE ratio of 17.21, a price-to-earnings-growth ratio of 1.55 and a beta of 0.98. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The firm's 50 day moving average is $123.21 and its 200 day moving average is $128.33.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings results 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 period last year, the business earned $2.47 earnings per share. On average, analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th will be paid a $1.64 dividend. 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. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.64%. United Parcel Service's dividend payout ratio is 97.04%.

United Parcel Service 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.