Mengis Capital Management Inc. Increases Stake in United Parcel Service, Inc. (NYSE:UPS)

Mengis Capital Management Inc. increased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 39.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,761 shares of the transportation company’s stock after purchasing an additional 4,745 shares during the period. Mengis Capital Management Inc.’s holdings in United Parcel Service were worth $2,114,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. IFS Advisors LLC raised its holdings in United Parcel Service by 232.3% during the 4th quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock valued at $27,000 after buying an additional 151 shares during the last quarter. True Wealth Design LLC raised its holdings in United Parcel Service by 397.7% during the 3rd quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock valued at $29,000 after buying an additional 171 shares during the last quarter. Princeton Global Asset Management LLC raised its holdings in United Parcel Service by 720.0% during the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after buying an additional 216 shares during the last quarter. FSA Wealth Management LLC bought a new stake in United Parcel Service during the 3rd quarter valued at $36,000. Finally, Sugar Maple Asset Management LLC bought a new stake in United Parcel Service during the 4th quarter valued at $38,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Morgan Stanley lowered their price target on shares of United Parcel Service from $100.00 to $82.00 and set an “underweight” rating for the company in a report on Friday, January 31st. Argus upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Citigroup lowered their price target on shares of United Parcel Service from $158.00 to $149.00 and set a “buy” rating for the company in a report on Friday, January 31st. Robert W. Baird lowered shares of United Parcel Service from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $160.00 to $130.00 in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. decreased their price objective on shares of United Parcel Service from $135.00 to $120.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.73.

United Parcel Service Stock Down 0.3 %

NYSE:UPS opened at $116.00 on Tuesday. United Parcel Service, Inc. has a 1-year low of $109.40 and a 1-year high of $158.95. The firm’s 50-day moving average price is $122.96 and its 200-day moving average price is $128.32. The company has a market capitalization of $99.08 billion, a PE ratio of 17.16, a P/E/G ratio of 1.55 and a beta of 0.98. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.17 and a quick ratio of 1.14.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a net margin of 6.35% and a return on equity of 39.13%. During the same quarter in the prior year, the business posted $2.47 EPS. On average, equities analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Tuesday, February 18th will be given a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 5.66%. This is an increase from United Parcel Service’s previous quarterly dividend of $1.63. The ex-dividend date is Tuesday, February 18th. United Parcel Service’s dividend payout ratio is 97.04%.

United Parcel Service 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.