Jacobs & Co. CA Has $543,000 Position in United Parcel Service, Inc. $UPS

Key Points

• Jacobs & Co. CA significantly reduced its stake in United Parcel Service, Inc. by 93.4% in Q2, owning only 5,387 shares valued at $543,000 after selling 76,701 shares.
• United Parcel Service reported $1.55 EPS in its latest quarter, slightly below the consensus estimate of $1.56, while its revenue also fell 2.7% year-over-year.
• The company declared a quarterly dividend of $1.64 per share, translating to an annualized yield of 7.8% and reflecting a dividend payout ratio of 97.62%.

Jacobs & Co. CA reduced its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 93.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,387 shares of the transportation company's stock after selling 76,701 shares during the period. Jacobs & Co. CA's holdings in United Parcel Service were worth $543,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Graybill Wealth Management LTD. acquired a new stake in shares of United Parcel Service in the 1st quarter valued at approximately $26,000. Pinney & Scofield Inc. acquired a new stake in shares of United Parcel Service in the 4th quarter valued at approximately $27,000. Citizens National Bank Trust Department boosted its stake in shares of United Parcel Service by 525.0% in the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock valued at $27,000 after purchasing an additional 210 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new stake in shares of United Parcel Service in the 4th quarter valued at approximately $28,000. Finally, Hemington Wealth Management boosted its stake in shares of United Parcel Service by 68.9% in the 1st quarter. Hemington Wealth Management now owns 282 shares of the transportation company's stock valued at $31,000 after purchasing an additional 115 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Stock Down 0.3%

United Parcel Service stock opened at $84.40 on Friday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.32 and a current ratio of 1.32. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $145.01. The firm has a 50 day moving average price of $91.22 and a two-hundred day moving average price of $98.96. The firm has a market cap of $71.53 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 1.56 and a beta of 1.08.

United Parcel Service (NYSE:UPS - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The transportation company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.01). United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%.The firm had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $20.90 billion. During the same quarter in the previous year, the business posted $1.79 EPS. The firm's revenue for the quarter was down 2.7% compared to the same quarter last year. Equities analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were issued a dividend of $1.64 per share. The ex-dividend date was Monday, August 18th. This represents a $6.56 annualized dividend and a yield of 7.8%. United Parcel Service's dividend payout ratio (DPR) is presently 97.62%.

Insiders Place Their Bets

In other news, Director William R. Johnson purchased 5,000 shares of the stock in a transaction on Thursday, July 31st. The stock was purchased at an average price of $86.50 per share, for a total transaction of $432,500.00. Following the acquisition, the director owned 10,160 shares in the company, valued at $878,840. This trade represents a 96.90% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Carol B. Tome purchased 11,682 shares of the stock in a transaction on Friday, August 1st. The shares were purchased at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the acquisition, the chief executive officer owned 24,718 shares in the company, valued at approximately $2,117,591.06. The trade was a 89.61% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 17,182 shares of company stock worth $1,477,382. 0.13% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on UPS. Galvan Research reduced their price target on shares of United Parcel Service from $126.00 to $124.00 and set a "buy" rating on the stock in a research note on Monday, June 30th. Susquehanna cut their target price on shares of United Parcel Service from $110.00 to $100.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 30th. Argus cut their target price on shares of United Parcel Service from $150.00 to $120.00 in a research report on Friday, May 23rd. UBS Group cut their target price on shares of United Parcel Service from $124.00 to $118.00 and set a "buy" rating on the stock in a research report on Wednesday, July 30th. Finally, Evercore ISI cut their target price on shares of United Parcel Service from $103.00 to $97.00 and set an "in-line" rating on the stock in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, United Parcel Service has a consensus rating of "Hold" and an average price target of $112.34.

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.

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