Jacobs & Co. CA boosted its stake in shares of United Parcel Service Inc. (NYSE:UPS) by 0.2% during the third quarter, Holdings Channel reports. The institutional investor owned 67,906 shares of the company’s stock after buying an additional 120 shares during the period. United Parcel Service accounts for 1.7% of Jacobs & Co. CA’s investment portfolio, making the stock its 20th largest position. Jacobs & Co. CA’s holdings in United Parcel Service were worth $7,426,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in UPS. Panagora Asset Management Inc. increased its stake in United Parcel Service by 12.6% in the first quarter. Panagora Asset Management Inc. now owns 118,140 shares of the company’s stock worth $12,460,000 after buying an additional 13,266 shares in the last quarter. Logan Capital Management Inc. bought a new stake in United Parcel Service during the first quarter worth about $424,000. First Republic Investment Management Inc. increased its stake in United Parcel Service by 36.9% in the first quarter. First Republic Investment Management Inc. now owns 93,922 shares of the company’s stock worth $9,906,000 after buying an additional 25,337 shares in the last quarter. Iowa State Bank increased its stake in United Parcel Service by 0.4% in the second quarter. Iowa State Bank now owns 80,637 shares of the company’s stock worth $8,686,000 after buying an additional 327 shares in the last quarter. Finally, Fulton Bank N.A. increased its stake in United Parcel Service by 10.1% in the second quarter. Fulton Bank N.A. now owns 12,424 shares of the company’s stock worth $1,338,000 after buying an additional 1,136 shares in the last quarter. 52.50% of the stock is currently owned by hedge funds and other institutional investors.
Shares of United Parcel Service Inc. (NYSE:UPS) traded down 0.49% during midday trading on Monday, hitting $115.69. The company had a trading volume of 2,653,510 shares. United Parcel Service Inc. has a 12-month low of $87.30 and a 12-month high of $116.47. The company’s 50-day moving average price is $110.21 and its 200 day moving average price is $107.97.
United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, October 27th. The company reported $1.44 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.44. United Parcel Service had a return on equity of 195.68% and a net margin of 8.33%. The business earned $14.93 billion during the quarter, compared to analysts’ expectations of $14.72 billion. During the same period in the prior year, the firm posted $1.39 EPS. United Parcel Service’s quarterly revenue was up 4.9% compared to the same quarter last year. Analysts expect that United Parcel Service Inc. will post $5.82 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Monday, November 14th will be issued a $0.78 dividend. The ex-dividend date is Wednesday, November 9th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.68%. United Parcel Service’s payout ratio is presently 55.52%.
UPS has been the subject of a number of research analyst reports. Morgan Stanley set a $91.00 price target on United Parcel Service and gave the stock a “sell” rating in a report on Monday, August 1st. Zacks Investment Research upgraded United Parcel Service from a “sell” rating to a “hold” rating in a report on Monday, October 31st. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $116.00 price target (up previously from $112.00) on shares of United Parcel Service in a report on Tuesday, August 2nd. BMO Capital Markets initiated coverage on United Parcel Service in a report on Thursday, November 17th. They set an “outperform” rating and a $125.00 price target for the company. They noted that the move was a valuation call. Finally, William Blair reiterated an “outperform” rating on shares of United Parcel Service in a report on Tuesday, September 13th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $113.40.
About United Parcel Service
United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. It delivers packages each business day in over 220 countries and territories. The Company operates in three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight.