United Parcel Service, Inc. (NYSE:UPS) Shares Acquired by Jacobs & Co. CA

Jacobs & Co. CA boosted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 1.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,225 shares of the transportation company’s stock after acquiring an additional 1,169 shares during the quarter. United Parcel Service accounts for 1.4% of Jacobs & Co. CA’s portfolio, making the stock its 25th largest position. Jacobs & Co. CA’s holdings in United Parcel Service were worth $12,299,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in United Parcel Service by 1.3% during the 2nd quarter. State Street Corp now owns 28,354,781 shares of the transportation company’s stock valued at $5,082,594,000 after purchasing an additional 357,974 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of United Parcel Service by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 15,889,570 shares of the transportation company’s stock worth $2,456,055,000 after acquiring an additional 628,944 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of United Parcel Service by 31.7% during the 3rd quarter. Wellington Management Group LLP now owns 9,677,202 shares of the transportation company’s stock worth $1,508,385,000 after acquiring an additional 2,331,875 shares in the last quarter. Northern Trust Corp boosted its stake in shares of United Parcel Service by 0.6% during the 1st quarter. Northern Trust Corp now owns 9,273,417 shares of the transportation company’s stock worth $1,988,777,000 after acquiring an additional 54,401 shares in the last quarter. Finally, Morgan Stanley boosted its stake in shares of United Parcel Service by 33.7% during the 4th quarter. Morgan Stanley now owns 7,730,090 shares of the transportation company’s stock worth $1,343,799,000 after acquiring an additional 1,949,775 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Price Performance

UPS opened at $147.33 on Thursday. United Parcel Service, Inc. has a 52 week low of $133.68 and a 52 week high of $197.80. The firm has a market capitalization of $125.62 billion, a PE ratio of 18.91, a P/E/G ratio of 1.64 and a beta of 1.05. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.10 and a current ratio of 1.10. The company has a fifty day moving average price of $150.79 and a two-hundred day moving average price of $152.28.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, January 30th. The transportation company reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.46 by $0.01. United Parcel Service had a net margin of 7.37% and a return on equity of 39.46%. The firm had revenue of $24.92 billion during the quarter, compared to analyst estimates of $25.40 billion. During the same period in the prior year, the business earned $3.62 EPS. The company’s revenue for the quarter was down 7.8% compared to the same quarter last year. As a group, analysts anticipate that United Parcel Service, Inc. will post 8.29 earnings per share for the current 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 given a dividend of $1.63 per share. The ex-dividend date was Friday, February 16th. This is a boost from United Parcel Service’s previous quarterly dividend of $1.62. This represents a $6.52 annualized dividend and a yield of 4.43%. United Parcel Service’s payout ratio is 83.70%.

Wall Street Analyst Weigh In

UPS has been the subject of several research reports. Daiwa Capital Markets lowered United Parcel Service from an “outperform” rating to a “neutral” rating and set a $155.00 price objective for the company. in a research note on Tuesday, December 26th. Argus lowered United Parcel Service from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Stifel Nicolaus increased their target price on United Parcel Service from $180.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. TheStreet upgraded United Parcel Service from a “c” rating to a “b-” rating in a report on Tuesday, January 30th. Finally, Raymond James reduced their target price on United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating for the company in a report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $166.81.

Insiders Place Their Bets

In other United Parcel Service news, Director Eva C. Boratto purchased 1,400 shares of the business’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 transaction, the director now directly owns 1,400 shares of the company’s stock, valued at approximately $199,220. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

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.