Mengis Capital Management Inc. Lowers Stock Position in United Parcel Service, Inc. (NYSE:UPS)

Mengis Capital Management Inc. reduced its stake in shares of United Parcel Service, Inc. (NYSE:UPSFree Report) by 0.6% in the third quarter, Holdings Channel reports. The firm owned 11,826 shares of the transportation company’s stock after selling 77 shares during the period. Mengis Capital Management Inc.’s holdings in United Parcel Service were worth $1,843,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in UPS. Norges Bank purchased a new stake in shares of United Parcel Service during the fourth quarter valued at $1,255,623,000. Moneta Group Investment Advisors LLC boosted its stake in shares of United Parcel Service by 105,818.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 4,215,560 shares of the transportation company’s stock valued at $732,833,000 after purchasing an additional 4,211,580 shares during the period. Capital Research Global Investors boosted its stake in shares of United Parcel Service by 90.8% during the second quarter. Capital Research Global Investors now owns 4,825,039 shares of the transportation company’s stock valued at $864,888,000 after purchasing an additional 2,295,588 shares during the period. Morgan Stanley lifted its stake in United Parcel Service by 33.7% in the fourth quarter. Morgan Stanley now owns 7,730,090 shares of the transportation company’s stock worth $1,343,799,000 after acquiring an additional 1,949,775 shares during the period. Finally, Providence Capital Advisors LLC lifted its stake in United Parcel Service by 19,991.7% in the first quarter. Providence Capital Advisors LLC now owns 1,905,500 shares of the transportation company’s stock worth $9,822,000 after acquiring an additional 1,896,016 shares during the period. 58.45% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Eva C. Boratto acquired 1,400 shares of the stock in a transaction on Friday, February 2nd. The shares were acquired at an average price of $142.30 per share, for a total transaction of $199,220.00. Following the transaction, the director now owns 1,400 shares in the company, valued at approximately $199,220. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on UPS shares. Argus lowered shares of United Parcel Service from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. TD Cowen lowered their price objective on shares of United Parcel Service from $175.00 to $147.00 and set a “market perform” rating for the company in a research note on Wednesday, January 31st. Daiwa Capital Markets lowered shares of United Parcel Service from an “outperform” rating to a “neutral” rating and set a $155.00 price objective for the company. in a research note on Tuesday, December 26th. Susquehanna reduced their target price on shares of United Parcel Service from $155.00 to $150.00 and set a “neutral” rating for the company in a report on Wednesday, January 31st. Finally, Stifel Nicolaus boosted their target price on shares of United Parcel Service from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. Sixteen equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $177.29.

Check Out Our Latest Research Report on United Parcel Service

United Parcel Service Stock Performance

NYSE:UPS traded up $1.19 during midday trading on Monday, hitting $147.45. The company’s stock had a trading volume of 3,244,144 shares, compared to its average volume of 4,455,339. United Parcel Service, Inc. has a fifty-two week low of $133.68 and a fifty-two week high of $197.80. The firm’s 50 day moving average is $155.48 and its 200-day moving average is $157.49. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.10 and a quick ratio of 1.22. The firm has a market cap of $125.62 billion, a P/E ratio of 18.83, a P/E/G ratio of 1.76 and a beta of 1.05.

United Parcel Service (NYSE:UPSGet Free Report) last released its quarterly earnings data on Tuesday, January 30th. The transportation company reported $2.47 EPS for the quarter, topping the consensus estimate of $2.46 by $0.01. United Parcel Service had a return on equity of 39.46% and a net margin of 7.37%. The business had revenue of $24.92 billion for the quarter, compared to analyst estimates of $25.40 billion. During the same quarter in the prior year, the firm posted $3.62 EPS. The business’s quarterly revenue was down 7.8% compared to the same quarter last year. Equities analysts anticipate that United Parcel Service, Inc. will post 8.31 earnings per share for the current fiscal year.

United Parcel Service Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th will be given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 4.42%. The ex-dividend date is Friday, February 16th. This is a positive change from United Parcel Service’s previous quarterly dividend of $1.62. United Parcel Service’s dividend payout ratio is currently 83.18%.

United Parcel Service Company Profile

(Free Report)

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.

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

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