United Parcel Service, Inc. $UPS Shares Sold by Mengis Capital Management Inc.

Mengis Capital Management Inc. lessened its stake in United Parcel Service, Inc. (NYSE:UPS) by 32.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,888 shares of the transportation company’s stock after selling 4,683 shares during the quarter. Mengis Capital Management Inc.’s holdings in United Parcel Service were worth $826,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UPS. ARK Investment Management LLC increased its holdings in shares of United Parcel Service by 23.2% during the 3rd quarter. ARK Investment Management LLC now owns 11,613 shares of the transportation company’s stock valued at $970,000 after purchasing an additional 2,185 shares in the last quarter. Dimensional Fund Advisors LP grew its position in United Parcel Service by 10.6% during the third quarter. Dimensional Fund Advisors LP now owns 5,072,282 shares of the transportation company’s stock valued at $423,746,000 after buying an additional 486,384 shares during the period. Insigneo Advisory Services LLC increased its holdings in United Parcel Service by 5.6% in the third quarter. Insigneo Advisory Services LLC now owns 7,570 shares of the transportation company’s stock valued at $632,000 after buying an additional 402 shares in the last quarter. Fiduciary Group LLC raised its position in shares of United Parcel Service by 5.5% in the third quarter. Fiduciary Group LLC now owns 11,768 shares of the transportation company’s stock worth $983,000 after acquiring an additional 615 shares during the period. Finally, Claro Advisors LLC raised its position in shares of United Parcel Service by 5.3% in the third quarter. Claro Advisors LLC now owns 4,053 shares of the transportation company’s stock worth $339,000 after acquiring an additional 203 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UPS has been the topic of a number of analyst reports. Bank of America upgraded United Parcel Service from an “underperform” rating to a “neutral” rating and set a $114.00 target price on the stock in a research report on Friday, January 9th. Citigroup lowered their price target on United Parcel Service from $126.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, January 28th. UBS Group raised their price objective on United Parcel Service from $116.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. BMO Capital Markets upped their target price on United Parcel Service from $105.00 to $110.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 28th. Finally, Stifel Nicolaus increased their target price on United Parcel Service from $112.00 to $116.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, United Parcel Service has a consensus rating of “Hold” and a consensus price target of $113.67.

Insider Activity at United Parcel Service

In related news, insider Norman M. Brothers, Jr. sold 25,014 shares of the business’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $106.15, for a total transaction of $2,655,236.10. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is owned by company insiders.

United Parcel Service Price Performance

Shares of United Parcel Service stock opened at $110.52 on Thursday. The stock has a market capitalization of $93.84 billion, a P/E ratio of 16.85, a PEG ratio of 1.79 and a beta of 1.08. The business has a 50 day simple moving average of $109.98 and a two-hundred day simple moving average of $97.31. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $123.70. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.22 and a quick ratio of 1.22.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.18. United Parcel Service had a return on equity of 38.30% and a net margin of 6.28%.The firm had revenue of $24.48 billion for the quarter, compared to analyst estimates of $23.91 billion. During the same period in the previous year, the company posted $2.75 earnings per share. The business’s revenue was down 3.2% on a year-over-year basis. As a group, analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Tuesday, February 17th will be issued a dividend of $1.64 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.9%. United Parcel Service’s dividend payout ratio is presently 100.00%.

About United Parcel Service

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.