M&T Bank Corp Has $21.40 Million Holdings in United Parcel Service, Inc. (NYSE:UPS)

M&T Bank Corp decreased its holdings in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) by 60.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 194,608 shares of the transportation company's stock after selling 302,153 shares during the period. M&T Bank Corp's holdings in United Parcel Service were worth $21,404,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of United Parcel Service by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 65,136,394 shares of the transportation company's stock valued at $8,213,699,000 after purchasing an additional 370,705 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of United Parcel Service by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 15,704,334 shares of the transportation company's stock valued at $1,979,695,000 after purchasing an additional 414,710 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of United Parcel Service by 15.6% in the fourth quarter. Franklin Resources Inc. now owns 10,979,909 shares of the transportation company's stock valued at $1,384,567,000 after purchasing an additional 1,484,452 shares in the last quarter. FMR LLC increased its holdings in shares of United Parcel Service by 2.5% in the fourth quarter. FMR LLC now owns 10,895,828 shares of the transportation company's stock valued at $1,373,964,000 after purchasing an additional 268,278 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of United Parcel Service in the fourth quarter valued at approximately $1,075,393,000. Institutional investors own 60.26% of the company's stock.

United Parcel Service Stock Performance

UPS stock traded down $1.63 during mid-day trading on Friday, hitting $101.29. 4,337,400 shares of the company were exchanged, compared to its average volume of 5,257,434. The business has a 50 day simple moving average of $99.42 and a 200-day simple moving average of $108.94. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $85.77 billion, a PE ratio of 14.77, a price-to-earnings-growth ratio of 1.95 and a beta of 1.21. United Parcel Service, Inc. has a 1-year low of $90.55 and a 1-year high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its earnings results on Tuesday, April 29th. The transportation company reported $1.49 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $21.25 billion. During the same period last year, the firm earned $1.43 earnings per share. The business's revenue for the quarter was down .9% on a year-over-year basis. On average, equities analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were paid a $1.64 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $6.56 dividend on an annualized basis and a yield of 6.48%. United Parcel Service's dividend payout ratio (DPR) is 95.63%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. BNP Paribas raised shares of United Parcel Service to a "hold" rating in a report on Thursday, July 3rd. HSBC lowered shares of United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price target for the company. in a report on Thursday, May 1st. BNP Paribas Exane upgraded shares of United Parcel Service from an "underperform" rating to a "neutral" rating and set a $100.00 target price for the company in a research report on Thursday, July 3rd. Barclays dropped their target price on shares of United Parcel Service from $100.00 to $90.00 and set an "underweight" rating for the company in a research report on Monday, March 31st. Finally, Oppenheimer dropped their target price on shares of United Parcel Service from $126.00 to $114.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, United Parcel Service currently has an average rating of "Hold" and a consensus target price of $119.13.

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.