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

Jacobi Capital Management LLC trimmed its position in United Parcel Service, Inc. (NYSE:UPS) by 0.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,091 shares of the transportation company’s stock after selling 123 shares during the period. Jacobi Capital Management LLC’s holdings in United Parcel Service were worth $2,786,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Metis Global Partners LLC raised its holdings in United Parcel Service by 4.6% during the 4th quarter. Metis Global Partners LLC now owns 31,214 shares of the transportation company’s stock worth $3,936,000 after buying an additional 1,363 shares during the period. SVB Wealth LLC acquired a new stake in United Parcel Service during the 4th quarter worth approximately $1,950,000. Tufton Capital Management raised its holdings in United Parcel Service by 7.3% during the 4th quarter. Tufton Capital Management now owns 58,851 shares of the transportation company’s stock worth $7,421,000 after buying an additional 4,014 shares during the period. Fortress Financial Group LLC acquired a new stake in United Parcel Service during the 4th quarter worth approximately $633,000. Finally, Argyle Capital Management LLC raised its holdings in United Parcel Service by 11.4% during the 4th quarter. Argyle Capital Management LLC now owns 26,428 shares of the transportation company’s stock worth $3,333,000 after buying an additional 2,695 shares during the period. 60.26% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service Trading Up 1.1 %

UPS stock opened at $118.97 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14. The company has a fifty day moving average price of $122.41 and a two-hundred day moving average price of $128.07. United Parcel Service, Inc. has a one year low of $109.40 and a one year high of $158.95. The stock has a market cap of $101.62 billion, a price-to-earnings ratio of 17.60, a price-to-earnings-growth ratio of 1.55 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, January 30th. The transportation company reported $2.75 earnings per share 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 quarter in the prior year, the company earned $2.47 earnings per share. Equities analysts anticipate that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

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

Analyst Upgrades and Downgrades

Several analysts have commented on UPS shares. Wolfe Research upgraded shares of United Parcel Service from a “peer perform” rating to an “outperform” rating and set a $147.00 target price on the stock in a report on Wednesday, January 8th. Wells Fargo & Company lowered their price objective on shares of United Parcel Service from $150.00 to $128.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Loop Capital lowered their price objective on shares of United Parcel Service from $120.00 to $115.00 and set a “hold” rating on the stock in a report on Monday, February 3rd. The Goldman Sachs Group lowered their price objective on shares of United Parcel Service from $166.00 to $147.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Finally, StockNews.com downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, United Parcel Service has an average rating of “Moderate Buy” and a consensus price target of $140.73.

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.