Mengis Capital Management Inc. reduced its position in United Parcel Service, Inc. (NYSE:UPS) by 8.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,100 shares of the transportation company’s stock after selling 200 shares during the period. Mengis Capital Management Inc.’s holdings in United Parcel Service were worth $225,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in UPS. Wellington Management Group LLP boosted its position in shares of United Parcel Service by 4.0% in the first quarter. Wellington Management Group LLP now owns 29,387,614 shares of the transportation company’s stock worth $3,153,291,000 after buying an additional 1,117,802 shares during the period. Parnassus Investments CA boosted its position in United Parcel Service by 4.5% in the first quarter. Parnassus Investments CA now owns 4,749,069 shares of the transportation company’s stock valued at $493,178,000 after buying an additional 204,506 shares during the period. Swiss National Bank boosted its position in United Parcel Service by 23.8% in the first quarter. Swiss National Bank now owns 2,796,877 shares of the transportation company’s stock valued at $300,105,000 after buying an additional 537,300 shares during the period. American Century Companies Inc. boosted its position in United Parcel Service by 4.3% in the first quarter. American Century Companies Inc. now owns 2,303,078 shares of the transportation company’s stock valued at $247,120,000 after buying an additional 95,923 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in United Parcel Service by 0.3% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,003,884 shares of the transportation company’s stock valued at $215,017,000 after buying an additional 5,197 shares during the period. 52.90% of the stock is currently owned by institutional investors and hedge funds.

United Parcel Service, Inc. (UPS) traded up 0.37% during midday trading on Friday, reaching $113.34. The company’s stock had a trading volume of 2,249,273 shares. United Parcel Service, Inc. has a 12-month low of $102.12 and a 12-month high of $120.44. The firm has a 50 day moving average price of $111.59 and a 200-day moving average price of $107.96. The company has a market cap of $98.15 billion, a P/E ratio of 27.87 and a beta of 0.88.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, July 27th. The transportation company reported $1.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.12. The firm had revenue of $15.75 billion during the quarter, compared to analysts’ expectations of $15.49 billion. United Parcel Service had a return on equity of 417.18% and a net margin of 5.68%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.43 EPS. On average, equities research analysts predict that United Parcel Service, Inc. will post $6.01 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Monday, August 14th will be given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.93%. United Parcel Service’s payout ratio is 81.57%.

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UPS has been the topic of several research analyst reports. Zacks Investment Research raised United Parcel Service from a “sell” rating to a “hold” rating in a research note on Monday, May 1st. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $116.00 target price on shares of United Parcel Service in a research note on Friday, May 19th. Seaport Global Securities initiated coverage on United Parcel Service in a research note on Tuesday, June 6th. They set a “neutral” rating on the stock. BidaskClub raised United Parcel Service from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $127.00 target price on shares of United Parcel Service in a research note on Monday, July 3rd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $114.57.

In other news, SVP Kathleen M. Gutmann sold 2,000 shares of the firm’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $107.49, for a total value of $214,980.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James J. Barber sold 3,556 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $110.85, for a total value of $394,182.60. The disclosure for this sale can be found here. 0.59% of the stock is owned by company insiders.

United Parcel Service Company Profile

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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