Bank of New York Mellon Corp Has $527.21 Million Position in United Parcel Service, Inc. (NYSE:UPS)

Bank of New York Mellon Corp trimmed its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 4.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,793,214 shares of the transportation company's stock after selling 219,637 shares during the quarter. Bank of New York Mellon Corp owned about 0.56% of United Parcel Service worth $527,206,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Brighton Jones LLC increased its position in shares of United Parcel Service by 63.8% in the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company's stock worth $1,529,000 after acquiring an additional 4,723 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in United Parcel Service in the 4th quarter worth approximately $219,000. Freestone Capital Holdings LLC raised its stake in shares of United Parcel Service by 4.6% during the fourth quarter. Freestone Capital Holdings LLC now owns 3,387 shares of the transportation company's stock valued at $427,000 after purchasing an additional 150 shares during the period. Vestmark Advisory Solutions Inc. grew its holdings in United Parcel Service by 1.0% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 19,227 shares of the transportation company's stock valued at $2,425,000 after purchasing an additional 199 shares in the last quarter. Finally, E Fund Management Co. Ltd. acquired a new position in United Parcel Service in the 4th quarter worth $228,000. 60.26% of the stock is owned by hedge funds and other institutional investors.

United Parcel Service Price Performance

Shares of NYSE UPS traded down $3.19 during mid-day trading on Monday, hitting $100.94. 5,297,394 shares of the stock were exchanged, compared to its average volume of 5,228,050. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $148.15. The stock's fifty day simple moving average is $98.83 and its two-hundred day simple moving average is $109.66. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market cap of $85.48 billion, a P/E ratio of 14.71, a PEG ratio of 2.01 and a beta of 1.21.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.11. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The company had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.25 billion. During the same period in the prior year, the business earned $1.43 earnings per share. United Parcel Service's quarterly revenue was down .9% on a year-over-year basis. As a group, analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were paid a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 6.50%. The ex-dividend date of this dividend was Monday, May 19th. United Parcel Service's dividend payout ratio (DPR) is presently 95.63%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Raymond James Financial cut their target price on United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, April 9th. Hsbc Global Res downgraded United Parcel Service from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. Wells Fargo & Company reiterated an "equal weight" rating and set a $98.00 target price (down previously from $120.00) on shares of United Parcel Service in a research note on Tuesday, April 22nd. BNP Paribas Exane raised shares of United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 target price on the stock in a report on Thursday. Finally, Truist Financial cut their price target on United Parcel Service from $140.00 to $130.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $119.29.

United Parcel Service Company 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.