Mengis Capital Management Inc. Buys 4,745 Shares of United Parcel Service, Inc. (NYSE:UPS)

Mengis Capital Management Inc. boosted its stake in United Parcel Service, Inc. (NYSE:UPS) by 39.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,761 shares of the transportation company’s stock after acquiring 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 filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in UPS. IFS Advisors LLC raised its position in United Parcel Service by 232.3% in the fourth quarter. IFS Advisors LLC now owns 216 shares of the transportation company’s stock worth $27,000 after acquiring an additional 151 shares during the period. True Wealth Design LLC raised its position in United Parcel Service by 397.7% in the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after acquiring an additional 171 shares during the period. Princeton Global Asset Management LLC raised its position in shares of United Parcel Service by 720.0% in the third quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 216 shares during the period. FSA Wealth Management LLC bought a new stake in shares of United Parcel Service in the third quarter valued at approximately $36,000. Finally, Sugar Maple Asset Management LLC bought a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $38,000. Institutional investors own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on UPS. BMO Capital Markets raised shares of United Parcel Service from a “market perform” rating to an “outperform” rating and lowered their price target for the company from $155.00 to $150.00 in a research report on Tuesday, December 10th. StockNews.com raised shares of United Parcel Service from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Wells Fargo & Company lowered their price target on shares of United Parcel Service from $150.00 to $128.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st. Oppenheimer boosted their price target on shares of United Parcel Service from $140.00 to $146.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Finally, Susquehanna lowered their price target on shares of United Parcel Service from $140.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.73.

United Parcel Service Price Performance

UPS stock opened at $116.00 on Tuesday. 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, Inc. has a one year low of $109.40 and a one year high of $158.95. The stock has a market cap 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 firm has a 50 day simple moving average of $122.96 and a two-hundred day simple moving average of $128.32.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.75 EPS for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the firm posted $2.47 earnings per share. On average, analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th will be paid a $1.64 dividend. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. 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 5.66%. 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.