Bank of New York Mellon Corp Has $632.12 Million Stake in United Parcel Service, Inc. (NYSE:UPS)

Bank of New York Mellon Corp reduced its holdings in United Parcel Service, Inc. (NYSE:UPS) by 22.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,012,851 shares of the transportation company’s stock after selling 1,463,587 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.59% of United Parcel Service worth $632,120,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of UPS. Mengis Capital Management Inc. grew its holdings in shares of United Parcel Service by 39.5% during the fourth quarter. Mengis Capital Management Inc. now owns 16,761 shares of the transportation company’s stock worth $2,114,000 after purchasing an additional 4,745 shares during the last quarter. Pine Valley Investments Ltd Liability Co lifted its position in United Parcel Service by 4.8% during the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 27,714 shares of the transportation company’s stock worth $3,495,000 after buying an additional 1,257 shares in the last quarter. BankPlus Trust Department bought a new stake in United Parcel Service during the 4th quarter worth about $825,000. Skylands Capital LLC grew its holdings in United Parcel Service by 24.6% during the 4th quarter. Skylands Capital LLC now owns 40,200 shares of the transportation company’s stock worth $5,069,000 after acquiring an additional 7,925 shares during the last quarter. Finally, IFP Advisors Inc increased its position in United Parcel Service by 270.4% in the 4th quarter. IFP Advisors Inc now owns 7,933 shares of the transportation company’s stock valued at $1,000,000 after acquiring an additional 5,791 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 $118.11 on Wednesday. United Parcel Service, Inc. has a 12 month low of $109.40 and a 12 month high of $158.95. The company has a current ratio of 1.17, a quick ratio of 1.14 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $100.89 billion, a PE ratio of 17.47, a PEG ratio of 1.55 and a beta of 0.98. The stock’s fifty day simple moving average is $122.78 and its 200 day simple moving average is $128.27.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.23. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. During the same quarter in the previous year, the firm posted $2.47 EPS. On average, research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Tuesday, February 18th will be issued a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 5.55%. The ex-dividend date of this dividend is Tuesday, February 18th. This is a boost from United Parcel Service’s previous quarterly dividend of $1.63. United Parcel Service’s dividend payout ratio is 97.04%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Citigroup reduced their target price on shares of United Parcel Service from $158.00 to $149.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Evercore ISI increased their price objective on United Parcel Service from $141.00 to $147.00 and gave the company an “in-line” rating in a research report on Wednesday, January 22nd. Susquehanna lowered their target price on United Parcel Service from $140.00 to $130.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. BMO Capital Markets raised United Parcel Service from a “market perform” rating to an “outperform” rating and cut their price target for the company from $155.00 to $150.00 in a research note on Tuesday, December 10th. Finally, Bank of America lowered their price objective on United Parcel Service from $150.00 to $133.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.73.

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.