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

Jacobs & Co. CA lessened its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 7.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,088 shares of the transportation company's stock after selling 6,658 shares during the period. Jacobs & Co. CA's holdings in United Parcel Service were worth $9,028,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Kera Capital Partners Inc. increased its position in United Parcel Service by 3.6% during the first quarter. Kera Capital Partners Inc. now owns 26,483 shares of the transportation company's stock worth $2,913,000 after purchasing an additional 920 shares during the last quarter. Marcum Wealth LLC grew its stake in shares of United Parcel Service by 0.6% in the 1st quarter. Marcum Wealth LLC now owns 108,545 shares of the transportation company's stock valued at $11,939,000 after buying an additional 685 shares during the period. Centre Asset Management LLC increased its holdings in shares of United Parcel Service by 0.6% during the 1st quarter. Centre Asset Management LLC now owns 76,011 shares of the transportation company's stock worth $8,360,000 after buying an additional 440 shares during the last quarter. Cullen Investment Group LTD. increased its holdings in shares of United Parcel Service by 553.7% during the 1st quarter. Cullen Investment Group LTD. now owns 60,281 shares of the transportation company's stock worth $6,630,000 after buying an additional 51,059 shares during the last quarter. Finally, Confluence Investment Management LLC raised its position in shares of United Parcel Service by 6.0% during the 1st quarter. Confluence Investment Management LLC now owns 638,607 shares of the transportation company's stock valued at $70,240,000 after buying an additional 36,135 shares during the period. Institutional investors and hedge funds own 60.26% of the company's stock.

United Parcel Service Stock Down 0.6%

UPS stock traded down $0.60 during mid-day trading on Friday, reaching $97.50. The company had a trading volume of 6,763,138 shares, compared to its average volume of 5,146,066. The firm has a fifty day simple moving average of $98.56 and a 200 day simple moving average of $114.98. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.14 and a current ratio of 1.17. The company has a market capitalization of $82.56 billion, a price-to-earnings ratio of 14.42, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. United Parcel Service, Inc. has a fifty-two week low of $90.55 and a fifty-two week high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last issued its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.11. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. The firm had revenue of $21.50 billion for the quarter, compared to analysts' expectations of $21.25 billion. During the same quarter last year, the company earned $1.43 earnings per share. The firm's revenue was down .9% compared to the same quarter last year. Analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be issued a $1.64 dividend. The ex-dividend date is Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.73%. United Parcel Service's payout ratio is 95.63%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on UPS. Truist Financial lowered their price objective on United Parcel Service from $140.00 to $130.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Bank of America increased their price target on United Parcel Service from $111.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of United Parcel Service in a report on Friday, March 7th. They issued a "hold" rating and a $119.00 price objective on the stock. Oppenheimer lowered their target price on shares of United Parcel Service from $126.00 to $114.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Finally, UBS Group dropped their price target on shares of United Parcel Service from $141.00 to $127.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, United Parcel Service has an average rating of "Hold" and a consensus target price of $120.26.

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.