Bank of New York Mellon Corp Lowers Position in United Parcel Service, Inc. $UPS

Bank of New York Mellon Corp lessened its stake in United Parcel Service, Inc. (NYSE:UPS) by 4.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 4,576,166 shares of the transportation company’s stock after selling 217,048 shares during the quarter. Bank of New York Mellon Corp’s holdings in United Parcel Service were worth $461,918,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Graybill Wealth Management LTD. purchased a new position in shares of United Parcel Service in the first quarter worth $26,000. Mid American Wealth Advisory Group Inc. purchased a new position in shares of United Parcel Service in the second quarter worth $26,000. Hemington Wealth Management lifted its holdings in shares of United Parcel Service by 68.9% in the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock worth $31,000 after buying an additional 115 shares in the last quarter. Saudi Central Bank purchased a new position in shares of United Parcel Service in the first quarter worth $32,000. Finally, Flaharty Asset Management LLC purchased a new position in shares of United Parcel Service in the first quarter worth $33,000. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on UPS. Evercore ISI lowered their target price on shares of United Parcel Service from $103.00 to $97.00 and set an “in-line” rating on the stock in a report on Wednesday, July 30th. Wells Fargo & Company increased their price objective on shares of United Parcel Service from $91.00 to $96.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 29th. Stephens upgraded shares of United Parcel Service to a “hold” rating in a research report on Wednesday, October 29th. Weiss Ratings reiterated a “sell (d+)” rating on shares of United Parcel Service in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. increased their price objective on shares of United Parcel Service from $85.00 to $97.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, sixteen have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $110.00.

Insider Buying and Selling at United Parcel Service

In other news, Director Christiana Smith Shi bought 500 shares of United Parcel Service stock in a transaction dated Friday, August 22nd. The shares were acquired at an average price of $88.17 per share, with a total value of $44,085.00. Following the completion of the purchase, the director owned 500 shares in the company, valued at $44,085. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.13% of the company’s stock.

United Parcel Service Trading Down 2.4%

Shares of UPS opened at $94.10 on Tuesday. United Parcel Service, Inc. has a twelve month low of $82.00 and a twelve month high of $138.67. The company has a market cap of $79.76 billion, a P/E ratio of 14.54, a P/E/G ratio of 2.29 and a beta of 1.10. The company has a current ratio of 1.30, a quick ratio of 1.32 and a debt-to-equity ratio of 1.50. The company’s fifty day simple moving average is $86.42 and its 200-day simple moving average is $93.01.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, October 28th. The transportation company reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.43. United Parcel Service had a net margin of 6.15% and a return on equity of 40.07%. The business had revenue of $21.40 billion for the quarter, compared to the consensus estimate of $20.94 billion. During the same quarter in the prior year, the firm posted $1.76 earnings per share. The business’s revenue for the quarter was down 3.7% on a year-over-year basis. United Parcel Service has set its Q4 2025 guidance at EPS. As a group, analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were paid a $1.64 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $6.56 annualized dividend and a dividend yield of 7.0%. United Parcel Service’s dividend payout ratio is currently 101.39%.

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.