Canandaigua National Bank & Trust Co. Buys 5,568 Shares of United Parcel Service, Inc. (NYSE:UPS)

Canandaigua National Bank & Trust Co. boosted its holdings in United Parcel Service, Inc. (NYSE:UPS - Free Report) by 81.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,430 shares of the transportation company's stock after acquiring an additional 5,568 shares during the quarter. Canandaigua National Bank & Trust Co.'s holdings in United Parcel Service were worth $1,367,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. IMG Wealth Management Inc. bought a new position in United Parcel Service during the 4th quarter valued at about $25,000. Generali Investments Management Co LLC acquired a new stake in shares of United Parcel Service during the fourth quarter worth approximately $26,000. Pinney & Scofield Inc. bought a new position in shares of United Parcel Service in the fourth quarter valued at approximately $27,000. Citizens National Bank Trust Department boosted its holdings in shares of United Parcel Service by 525.0% in the 1st quarter. Citizens National Bank Trust Department now owns 250 shares of the transportation company's stock worth $27,000 after acquiring an additional 210 shares in the last quarter. Finally, Fourth Dimension Wealth LLC bought a new stake in United Parcel Service during the 4th quarter worth approximately $28,000. 60.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

UPS has been the subject of several research analyst reports. Hsbc Global Res downgraded United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft started coverage on United Parcel Service in a report on Friday, March 7th. They issued a "hold" rating and a $119.00 price target for the company. Wolfe Research decreased their price objective on shares of United Parcel Service from $133.00 to $113.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Wall Street Zen cut shares of United Parcel Service from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Finally, Loop Capital reduced their target price on shares of United Parcel Service from $115.00 to $105.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $120.26.

United Parcel Service Trading Up 0.9%

Shares of NYSE:UPS traded up $0.89 during mid-day trading on Wednesday, reaching $105.36. The stock had a trading volume of 1,172,738 shares, compared to its average volume of 5,190,545. The firm has a market cap of $89.22 billion, a PE ratio of 15.36, a price-to-earnings-growth ratio of 1.78 and a beta of 1.21. The firm has a 50 day simple moving average of $98.43 and a two-hundred day simple moving average of $110.20. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. United Parcel Service, Inc. has a twelve month low of $90.55 and a twelve month high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.11. United Parcel Service had a net margin of 6.44% and a return on equity of 40.15%. The company had revenue of $21.50 billion for the quarter, compared to analysts' expectations of $21.25 billion. During the same period last year, the firm posted $1.43 earnings per share. The business's quarterly revenue was down .9% compared to the same quarter last year. On average, research analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were issued a dividend of $1.64 per share. The ex-dividend date was Monday, May 19th. This represents a $6.56 annualized dividend and a yield of 6.23%. United Parcel Service's dividend payout ratio is presently 95.63%.

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.