Carlton Hofferkamp & Jenks Wealth Management Has Raised Its United Parcel Service B (UPS) Stake; Holder Denver Investment Advisors Upped Methode Electronics (MEI) Holding

February 15, 2018 - By Peter Erickson

Carlton Hofferkamp & Jenks Wealth Management Llc increased its stake in United Parcel Service B (UPS) by 30.66% based on its latest 2017Q3 regulatory filing with the SEC. Carlton Hofferkamp & Jenks Wealth Management Llc bought 2,575 shares as the company’s stock declined 3.26% while stock markets rallied. The institutional investor held 10,973 shares of the transportation company at the end of 2017Q3, valued at $1.32 million, up from 8,398 at the end of the previous reported quarter. Carlton Hofferkamp & Jenks Wealth Management Llc who had been investing in United Parcel Service B for a number of months, seems to be bullish on the $91.83B market cap company. The stock increased 0.27% or $0.29 during the last trading session, reaching $106.89. About 2.46 million shares traded. United Parcel Service, Inc. (NYSE:UPS) has risen 2.10% since February 15, 2017 and is uptrending. It has underperformed by 14.60% the S&P500.

Denver Investment Advisors Llc increased its stake in Methode Electronics Inc (MEI) by 2.93% based on its latest 2017Q3 regulatory filing with the SEC. Denver Investment Advisors Llc bought 10,985 shares as the company’s stock declined 8.53% while stock markets rallied. The hedge fund held 385,749 shares of the capital goods company at the end of 2017Q3, valued at $16.34 million, up from 374,764 at the end of the previous reported quarter. Denver Investment Advisors Llc who had been investing in Methode Electronics Inc for a number of months, seems to be bullish on the $1.52 billion market cap company. The stock increased 2.32% or $0.9 during the last trading session, reaching $39.75. About 58,623 shares traded. Methode Electronics, Inc. (NYSE:MEI) has risen 40.98% since February 15, 2017 and is uptrending. It has outperformed by 24.28% the S&P500.

Denver Investment Advisors Llc, which manages about $9.81B and $2.04B US Long portfolio, decreased its stake in Amgen Inc (NASDAQ:AMGN) by 3,878 shares to 94,845 shares, valued at $17.68 million in 2017Q3, according to the filing. It also reduced its holding in Descartes Systems Grp/The (NASDAQ:DSGX) by 13,599 shares in the quarter, leaving it with 176,569 shares, and cut its stake in Materion Corp (NYSE:MTRN).

Among 3 analysts covering Methode Electronics (NYSE:MEI), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Methode Electronics had 11 analyst reports since September 4, 2015 according to SRatingsIntel. The stock has “Buy” rating by Robert W. Baird on Monday, October 16. The rating was maintained by Robert W. Baird on Friday, December 8 with “Buy”. Craig Hallum downgraded Methode Electronics, Inc. (NYSE:MEI) on Friday, September 2 to “Hold” rating. Robert W. Baird maintained it with “Buy” rating and $4800 target in Friday, June 23 report. The stock of Methode Electronics, Inc. (NYSE:MEI) earned “Buy” rating by FBR Capital on Tuesday, December 5. The firm has “Buy” rating by Robert W. Baird given on Thursday, September 21. Robert W. Baird upgraded the shares of MEI in report on Friday, June 24 to “Outperform” rating. FBR Capital maintained Methode Electronics, Inc. (NYSE:MEI) on Friday, December 9 with “Outperform” rating. The rating was maintained by FBR Capital with “Outperform” on Friday, March 3. Craig Hallum upgraded it to “Buy” rating and $40 target in Friday, September 4 report.

Since August 22, 2017, it had 0 insider purchases, and 1 sale for $2.02 million activity.

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