Jacobs & Co. CA Has $11.19 Million Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Jacobs & Co. CA lifted its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 88,746 shares of the transportation company’s stock after purchasing an additional 691 shares during the quarter. Jacobs & Co. CA’s holdings in United Parcel Service were worth $11,190,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of UPS. Cigna Investments Inc. New lifted its position in shares of United Parcel Service by 1.0% during the 3rd quarter. Cigna Investments Inc. New now owns 7,508 shares of the transportation company’s stock worth $1,024,000 after buying an additional 75 shares during the last quarter. Banco Santander S.A. lifted its position in shares of United Parcel Service by 0.6% during the 3rd quarter. Banco Santander S.A. now owns 12,596 shares of the transportation company’s stock worth $1,717,000 after buying an additional 79 shares during the last quarter. Gleason Group Inc. raised its position in United Parcel Service by 1.2% in the third quarter. Gleason Group Inc. now owns 6,576 shares of the transportation company’s stock valued at $897,000 after purchasing an additional 80 shares during the last quarter. Tradewinds LLC. raised its position in United Parcel Service by 1.8% in the third quarter. Tradewinds LLC. now owns 4,487 shares of the transportation company’s stock valued at $612,000 after purchasing an additional 81 shares during the last quarter. Finally, OLD Second National Bank of Aurora raised its position in United Parcel Service by 1.2% in the third quarter. OLD Second National Bank of Aurora now owns 7,177 shares of the transportation company’s stock valued at $979,000 after purchasing an additional 83 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on UPS shares. Oppenheimer increased their target price on United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Stifel Nicolaus raised their price objective on United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. UBS Group raised their price objective on United Parcel Service from $159.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Citigroup lowered their price objective on United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. raised their price objective on United Parcel Service from $134.00 to $135.00 and gave the stock a “neutral” rating in a research report on Tuesday. Two analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $151.10.

United Parcel Service Stock Down 2.4 %

Shares of NYSE:UPS traded down $3.02 during mid-day trading on Friday, hitting $123.74. 3,328,748 shares of the company traded hands, compared to its average volume of 3,847,554. The stock has a market cap of $105.60 billion, a P/E ratio of 18.69, a P/E/G ratio of 2.11 and a beta of 1.00. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.20. United Parcel Service, Inc. has a 12-month low of $122.01 and a 12-month high of $161.47. The stock has a 50-day moving average price of $129.75 and a two-hundred day moving average price of $131.33.

United Parcel Service (NYSE:UPS) last announced its earnings results on Thursday, October 24th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.13. The company had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. United Parcel Service’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.57 earnings per share. On average, equities research analysts forecast that United Parcel Service, Inc. will post 7.48 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were issued a dividend of $1.63 per share. The ex-dividend date was Monday, November 18th. This represents a $6.52 dividend on an annualized basis and a yield of 5.27%. United Parcel Service’s dividend payout ratio (DPR) is currently 98.49%.

Insider Buying and Selling

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of United Parcel Service stock in a transaction on Monday, November 25th. The stock was sold at an average price of $138.57, for a total transaction of $1,015,025.25. Following the sale, the insider now directly owns 45,098 shares in the company, 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 SEC, which can be accessed through this link. 0.13% of the stock is currently owned by corporate insiders.

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.