Bank of New York Mellon Corp Has $456.42 Million Stake in United Parcel Service, Inc. $UPS

Bank of New York Mellon Corp grew its position in United Parcel Service, Inc. (NYSE:UPS) by 2.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,639,324 shares of the transportation company’s stock after purchasing an additional 97,582 shares during the period. Bank of New York Mellon Corp’s holdings in United Parcel Service were worth $456,417,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. University of Texas Texas AM Investment Management Co. bought a new position in shares of United Parcel Service during the fourth quarter worth about $25,000. IFC & Insurance Marketing Inc. bought a new stake in United Parcel Service in the 4th quarter valued at approximately $25,000. Coston McIsaac & Partners lifted its stake in United Parcel Service by 77.8% in the 4th quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 119 shares in the last quarter. Torren Management LLC acquired a new position in United Parcel Service during the 4th quarter worth approximately $29,000. Finally, Kemnay Advisory Services Inc. acquired a new position in United Parcel Service during the 4th quarter worth approximately $29,000. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Stock Up 3.7%

NYSE:UPS opened at $117.16 on Friday. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $122.41. The firm has a market capitalization of $99.59 billion, a price-to-earnings ratio of 18.96, a price-to-earnings-growth ratio of 1.80 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 stock’s 50 day moving average price is $106.34 and its two-hundred day moving average price is $106.01.

United Parcel Service (NYSE:UPS) last released 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. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The company had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter in the prior year, the firm posted $1.49 EPS. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. Equities research analysts expect that United Parcel Service, Inc. will post 7.1 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, May 18th were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend was Monday, May 18th. United Parcel Service’s dividend payout ratio is presently 106.15%.

Analysts Set New Price Targets

UPS has been the subject of several research reports. UBS Group decreased their price target on shares of United Parcel Service from $125.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Susquehanna increased their target price on shares of United Parcel Service from $116.00 to $118.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Citizens Jmp initiated coverage on shares of United Parcel Service in a research report on Wednesday. They issued a “market perform” rating for the company. Evercore decreased their target price on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating for the company in a research report on Wednesday, April 22nd. Finally, Stephens upgraded shares of United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $111.10.

Key Headlines Impacting United Parcel Service

Here are the key news stories impacting United Parcel Service this week:

• Positive Sentiment: UPS is being highlighted as a top dividend stock, with a roughly 5.93% yield, which may attract income-focused investors and support the share price. Here’s Why United Parcel Service Inc. (UPS) is a Top Dividend Stock to Invest in, According to Jim Simons’ Renaissance Technologies
• Positive Sentiment: Several articles argue UPS may still be undervalued after its multi-year decline, suggesting upside if the company can sustain its rebound and improve fundamentals. UPS (UPS) Stock Looks Undervalued Despite Its 33% Five Year Slide
• Neutral Sentiment: Citizens JMP initiated coverage with a “market perform” rating, which suggests a wait-and-see stance rather than a strong bullish or bearish signal. United Parcel Service (NYSE:UPS) Coverage Initiated by Analysts at Citizens Jmp
• Neutral Sentiment: UPS settled a long-running racial discrimination case, removing a legal overhang, though the news is more about risk reduction than a clear growth catalyst. UPS (NYSE:UPS) Settles Former Driver Racial Discrimination Case After Lengthy Legal Fight
• Negative Sentiment: Morgan Stanley reiterated an Underweight rating and raised its price target only modestly, signaling continued skepticism about UPS’s near-term upside. Here’s Why United Parcel Service Inc. (UPS) is a Top Dividend Stock to Invest in, According to Jim Simons’ Renaissance Technologies

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.