Bank of New York Mellon Corp Acquires 65,652 Shares of United Parcel Service, Inc. $UPS

Bank of New York Mellon Corp boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,541,742 shares of the transportation company’s stock after acquiring an additional 65,652 shares during the period. Bank of New York Mellon Corp’s holdings in United Parcel Service were worth $450,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of UPS. Brighton Jones LLC boosted its holdings in shares of United Parcel Service by 63.8% in the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after buying an additional 4,723 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of United Parcel Service in the 2nd quarter valued at about $277,000. SVB Wealth LLC bought a new stake in shares of United Parcel Service in the 2nd quarter valued at about $848,000. Treasurer of the State of North Carolina boosted its holdings in shares of United Parcel Service by 2.7% in the 2nd quarter. Treasurer of the State of North Carolina now owns 342,866 shares of the transportation company’s stock valued at $34,609,000 after buying an additional 9,124 shares in the last quarter. Finally, Ieq Capital LLC boosted its holdings in shares of United Parcel Service by 154.5% in the 2nd quarter. Ieq Capital LLC now owns 104,819 shares of the transportation company’s stock valued at $10,580,000 after buying an additional 63,629 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Stock Performance

Shares of United Parcel Service stock opened at $108.74 on Thursday. The firm has a market capitalization of $92.43 billion, a P/E ratio of 17.60, a PEG ratio of 1.73 and a beta of 1.05. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.50. The company has a 50 day moving average price of $101.74 and a 200 day moving average price of $103.43. United Parcel Service, Inc. has a 52 week low of $82.00 and a 52 week high of $122.41.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Tuesday, April 28th. The transportation company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.02 by $0.05. The firm had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.99 billion. United Parcel Service had a net margin of 5.94% and a return on equity of 35.95%. United Parcel Service’s revenue was down 1.4% on a year-over-year basis. During the same period last year, the firm posted $1.49 EPS. Sell-side analysts expect that United Parcel Service, Inc. will post 7.1 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Monday, May 18th will be given a dividend of $1.64 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $6.56 dividend on an annualized basis and a yield of 6.0%. United Parcel Service’s dividend payout ratio (DPR) is currently 106.15%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on UPS. Evercore lowered their price target on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a report on Wednesday, April 22nd. Susquehanna raised their price target on shares of United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. UBS Group lowered their price target on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Weiss Ratings lowered shares of United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Finally, Citigroup increased their price objective on shares of United Parcel Service from $118.00 to $127.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, United Parcel Service has a consensus rating of “Hold” and a consensus target price of $111.50.

United Parcel Service Company Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.