Jacobi Capital Management LLC Has $2.79 Million Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Jacobi Capital Management LLC lessened its stake in United Parcel Service, Inc. (NYSE:UPS) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,091 shares of the transportation company’s stock after selling 123 shares during the quarter. Jacobi Capital Management LLC’s holdings in United Parcel Service were worth $2,786,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of UPS. Cigna Investments Inc. New raised its holdings 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 valued at $1,024,000 after buying an additional 75 shares in the last quarter. Pacific Sage Partners LLC raised its holdings in shares of United Parcel Service by 4.8% during the 4th quarter. Pacific Sage Partners LLC now owns 1,677 shares of the transportation company’s stock valued at $212,000 after buying an additional 77 shares in the last quarter. Banco Santander S.A. raised its holdings 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 valued at $1,717,000 after buying an additional 79 shares in the last quarter. Quent Capital LLC raised its holdings in shares of United Parcel Service by 16.7% during the 4th quarter. Quent Capital LLC now owns 558 shares of the transportation company’s stock valued at $70,000 after buying an additional 80 shares in the last quarter. Finally, Tradewinds LLC. raised its holdings in shares of United Parcel Service by 1.8% during the 3rd quarter. Tradewinds LLC. now owns 4,487 shares of the transportation company’s stock valued at $612,000 after buying an additional 81 shares in the last quarter. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. BMO Capital Markets raised United Parcel Service from a “market perform” rating to an “outperform” rating and decreased their price objective for the company from $155.00 to $150.00 in a report on Tuesday, December 10th. UBS Group decreased their price target on United Parcel Service from $170.00 to $141.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Morgan Stanley decreased their price target on United Parcel Service from $100.00 to $82.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. Raymond James decreased their price target on United Parcel Service from $155.00 to $145.00 and set a “strong-buy” rating on the stock in a research note on Friday, January 31st. Finally, Evercore ISI lifted their price target on United Parcel Service from $141.00 to $147.00 and gave the stock an “in-line” rating in a research note on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $140.73.

United Parcel Service Price Performance

Shares of UPS stock opened at $118.97 on Friday. The stock has a market cap of $101.62 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 1.55 and a beta of 0.98. The business’s fifty day moving average is $122.41 and its 200 day moving average is $128.07. United Parcel Service, Inc. has a twelve month low of $109.40 and a twelve month high of $158.95. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same period in the previous year, the company earned $2.47 EPS. Research analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th will be paid a $1.64 dividend. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.51%. The ex-dividend date is Tuesday, February 18th. United Parcel Service’s dividend payout ratio is currently 97.04%.

United Parcel Service Company Profile

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.