Canandaigua National Bank & Trust Co. Raises Stock Holdings in United Parcel Service, Inc. $UPS

Canandaigua National Bank & Trust Co. grew its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 51.1% in the third quarter, Holdings Channel reports. The fund owned 31,450 shares of the transportation company’s stock after buying an additional 10,633 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in United Parcel Service were worth $2,627,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC raised its position in shares of United Parcel Service by 63.8% during 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. Steward Partners Investment Advisory LLC increased its stake in United Parcel Service by 2.5% during the first quarter. Steward Partners Investment Advisory LLC now owns 72,174 shares of the transportation company’s stock worth $7,938,000 after acquiring an additional 1,786 shares during the last quarter. Versor Investments LP purchased a new stake in United Parcel Service during the first quarter valued at approximately $344,000. Brooklyn Investment Group lifted its stake in shares of United Parcel Service by 17.9% in the 1st quarter. Brooklyn Investment Group now owns 1,626 shares of the transportation company’s stock valued at $179,000 after purchasing an additional 247 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of United Parcel Service by 0.3% in the 1st quarter. Northern Trust Corp now owns 7,415,523 shares of the transportation company’s stock worth $815,633,000 after purchasing an additional 23,918 shares during the period. Institutional investors own 60.26% of the company’s stock.

Analysts Set New Price Targets

UPS has been the topic of several recent research reports. Bank of America decreased their price target on United Parcel Service from $83.00 to $81.00 and set an “underperform” rating on the stock in a report on Friday, September 26th. Stephens raised United Parcel Service to a “hold” rating in a research note on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft cut their price objective on United Parcel Service from $100.00 to $88.00 and set a “hold” rating on the stock in a research report on Thursday, October 2nd. UBS Group lifted their target price on United Parcel Service from $110.00 to $113.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Finally, Wells Fargo & Company upped their price target on shares of United Parcel Service from $91.00 to $96.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $110.09.

United Parcel Service Price Performance

UPS opened at $100.15 on Wednesday. United Parcel Service, Inc. has a 12-month low of $82.00 and a 12-month high of $136.99. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.50. The business’s fifty day simple moving average is $92.95 and its 200-day simple moving average is $92.68. The company has a market capitalization of $84.97 billion, a price-to-earnings ratio of 15.48, a PEG ratio of 2.39 and a beta of 1.11.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data 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 return on equity of 40.07% and a net margin of 6.15%.The firm had revenue of $21.42 billion during the quarter, compared to the consensus estimate of $20.94 billion. During the same period in the previous year, the company posted $1.76 earnings per share. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. On average, equities research analysts anticipate that United Parcel Service, Inc. will post 7.95 earnings per share for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, November 17th were given a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend was Monday, November 17th. United Parcel Service’s dividend payout ratio is presently 101.39%.

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.