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

Jacobs & Co. CA trimmed its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 76,560 shares of the transportation company’s stock after selling 1,397 shares during the period. United Parcel Service makes up approximately 1.6% of Jacobs & Co. CA’s investment portfolio, making the stock its 13th largest holding. Jacobs & Co. CA’s holdings in United Parcel Service were worth $13,723,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Pacific Center for Financial Services bought a new position in United Parcel Service during the first quarter valued at about $25,000. Worth Asset Management LLC acquired a new position in shares of United Parcel Service in the 1st quarter valued at $27,000. Dark Forest Capital Management LP acquired a new position in shares of United Parcel Service in the 4th quarter valued at $31,000. Carderock Capital Management Inc. acquired a new position in shares of United Parcel Service in the 1st quarter valued at $32,000. Finally, Centerpoint Advisors LLC lifted its stake in United Parcel Service by 205.0% in the 1st quarter. Centerpoint Advisors LLC now owns 183 shares of the transportation company’s stock worth $36,000 after acquiring an additional 123 shares in the last quarter. 58.45% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at United Parcel Service

In other news, insider Nando Cesarone sold 22,825 shares of United Parcel Service stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $171.70, for a total transaction of $3,919,052.50. Following the sale, the insider now owns 1 shares of the company’s stock, valued at approximately $171.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.12% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on UPS shares. Atlantic Securities assumed coverage on United Parcel Service in a research note on Tuesday, June 6th. They issued a “neutral” rating and a $162.00 price objective for the company. Stifel Nicolaus raised their price target on United Parcel Service to $203.00 in a research note on Wednesday, July 26th. TD Cowen cut their price target on United Parcel Service from $190.00 to $185.00 and set a “market perform” rating for the company in a research note on Thursday. UBS Group downgraded United Parcel Service from a “buy” rating to a “neutral” rating and cut their price target for the stock from $198.00 to $185.00 in a research note on Wednesday, August 9th. Finally, Barclays raised their price target on United Parcel Service from $172.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 8th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $186.89.

United Parcel Service Stock Performance

UPS opened at $159.80 on Monday. The firm has a market capitalization of $136.54 billion, a P/E ratio of 13.92, a price-to-earnings-growth ratio of 1.69 and a beta of 1.09. The stock’s 50 day moving average price is $175.33 and its two-hundred day moving average price is $178.27. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.97. United Parcel Service, Inc. has a 12-month low of $154.87 and a 12-month high of $197.80.

United Parcel Service (NYSE:UPS) last released its earnings results on Tuesday, August 8th. The transportation company reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $0.05. The firm had revenue of $22.10 billion for the quarter, compared to analyst estimates of $23.04 billion. United Parcel Service had a return on equity of 51.28% and a net margin of 10.41%. The company’s revenue was down 10.9% on a year-over-year basis. During the same quarter last year, the firm posted $3.29 EPS. On average, equities analysts forecast that United Parcel Service, Inc. will post 9.49 earnings per share for the current year.

United Parcel Service Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Monday, August 14th were issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a dividend yield of 4.06%. The ex-dividend date was Friday, August 11th. United Parcel Service’s payout ratio is presently 56.20%.

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 letters, documents, small packages, and palletized freight through air and ground services in the United States.