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

Bank of New York Mellon Corp reduced its stake in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 4.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,793,214 shares of the transportation company's stock after selling 219,637 shares during the period. Bank of New York Mellon Corp owned approximately 0.56% of United Parcel Service worth $527,206,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of UPS. Norges Bank acquired a new stake in shares of United Parcel Service during the fourth quarter worth about $1,075,393,000. Franklin Resources Inc. lifted its position in shares of United Parcel Service by 15.6% during the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock worth $1,384,567,000 after purchasing an additional 1,484,452 shares in the last quarter. Amundi lifted its position in shares of United Parcel Service by 14.6% during the fourth quarter. Amundi now owns 10,040,863 shares of the transportation company's stock worth $1,272,600,000 after purchasing an additional 1,277,328 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in shares of United Parcel Service during the fourth quarter worth about $145,846,000. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of United Parcel Service by 19.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,463,930 shares of the transportation company's stock worth $815,102,000 after buying an additional 1,064,293 shares during the period. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UPS has been the topic of a number of recent research reports. HSBC lowered shares of United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 target price on the stock. in a research note on Thursday, May 1st. Stifel Nicolaus dropped their price target on shares of United Parcel Service from $145.00 to $124.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. BMO Capital Markets dropped their price target on shares of United Parcel Service from $130.00 to $125.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Raymond James Financial dropped their price target on shares of United Parcel Service from $145.00 to $130.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, April 9th. Finally, Hsbc Global Res lowered shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $119.13.

United Parcel Service Price Performance

UPS stock traded down $0.04 during midday trading on Wednesday, reaching $102.34. 2,849,355 shares of the company's stock traded hands, compared to its average volume of 5,240,131. The company has a 50-day simple moving average of $99.02 and a two-hundred day simple moving average of $109.43. United Parcel Service, Inc. has a 1-year low of $90.55 and a 1-year high of $148.15. The company has a market cap of $86.66 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 1.95 and a beta of 1.21. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24.

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

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were given a dividend of $1.64 per share. The ex-dividend date was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a dividend yield of 6.41%. United Parcel Service's payout ratio is currently 95.63%.

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.