Jacobs & Co. CA Boosts Position in United Parcel Service, Inc. (NYSE:UPS)

Jacobs & Co. CA increased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 78,225 shares of the transportation company’s stock after acquiring an additional 1,169 shares during the quarter. United Parcel Service makes up about 1.4% of Jacobs & Co. CA’s portfolio, making the stock its 25th biggest holding. Jacobs & Co. CA’s holdings in United Parcel Service were worth $12,299,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MWA Asset Management acquired a new position in shares of United Parcel Service during the 3rd quarter valued at about $2,125,000. Chesapeake Wealth Management lifted its position in United Parcel Service by 1.3% in the third quarter. Chesapeake Wealth Management now owns 7,886 shares of the transportation company’s stock valued at $1,229,000 after buying an additional 103 shares during the last quarter. Ergoteles LLC acquired a new position in United Parcel Service in the second quarter valued at about $8,571,000. Telos Capital Management Inc. lifted its position in United Parcel Service by 1.0% in the third quarter. Telos Capital Management Inc. now owns 74,337 shares of the transportation company’s stock valued at $11,587,000 after buying an additional 740 shares during the last quarter. Finally, State Street Corp lifted its position in United Parcel Service by 1.3% in the second quarter. State Street Corp now owns 28,354,781 shares of the transportation company’s stock valued at $5,082,594,000 after buying an additional 357,974 shares during the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on UPS. Morgan Stanley upped their target price on shares of United Parcel Service from $95.00 to $100.00 and gave the company an “underweight” rating in a research report on Wednesday. Evercore ISI reiterated an “in-line” rating and set a $154.00 price target on shares of United Parcel Service in a research note on Wednesday. UBS Group upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $160.00 to $175.00 in a research note on Tuesday, February 6th. Oppenheimer restated an “outperform” rating and set a $153.00 target price on shares of United Parcel Service in a research note on Wednesday. Finally, Raymond James cut their target price on shares of United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, January 31st. One analyst has rated the stock with a sell rating, sixteen have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $166.81.

Insiders Place Their Bets

In other United Parcel Service news, Director Eva C. Boratto purchased 1,400 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were purchased at an average cost of $142.30 per share, with a total value of $199,220.00. Following the purchase, the director now owns 1,400 shares in the company, valued at $199,220. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is owned by corporate insiders.

United Parcel Service Trading Up 2.5 %

Shares of UPS stock opened at $147.33 on Thursday. United Parcel Service, Inc. has a fifty-two week low of $133.68 and a fifty-two week high of $197.80. The stock has a market cap of $125.62 billion, a P/E ratio of 18.91, a P/E/G ratio of 1.64 and a beta of 1.05. The business has a fifty day simple moving average of $150.79 and a 200-day simple moving average of $152.28. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.09.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, January 30th. The transportation company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.46 by $0.01. United Parcel Service had a return on equity of 39.46% and a net margin of 7.37%. The firm had revenue of $24.92 billion during the quarter, compared to analysts’ expectations of $25.40 billion. During the same quarter last year, the business posted $3.62 EPS. The firm’s quarterly revenue was down 7.8% compared to the same quarter last year. On average, analysts forecast that United Parcel Service, Inc. will post 8.29 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.43%. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.62. The ex-dividend date was Friday, February 16th. United Parcel Service’s dividend payout ratio (DPR) is presently 83.70%.

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.