Canandaigua National Trust Co of Florida Acquires Shares of 4,299 United Parcel Service, Inc. (NYSE:UPS)

Canandaigua National Trust Co of Florida acquired a new stake in shares of United Parcel Service, Inc. (NYSE:UPS - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,299 shares of the transportation company's stock, valued at approximately $473,000.

A number of other hedge funds also recently bought and sold shares of UPS. LaFleur & Godfrey LLC lifted its position in shares of United Parcel Service by 62.8% in the fourth quarter. LaFleur & Godfrey LLC now owns 6,225 shares of the transportation company's stock worth $785,000 after purchasing an additional 2,401 shares in the last quarter. Brighton Jones LLC lifted its position in shares of United Parcel Service by 63.8% in the fourth quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company's stock worth $1,529,000 after purchasing an additional 4,723 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of United Parcel Service in the fourth quarter worth approximately $34,000. SVB Wealth LLC purchased a new stake in shares of United Parcel Service in the fourth quarter worth approximately $1,950,000. Finally, Metis Global Partners LLC lifted its position in shares of United Parcel Service by 4.6% in the fourth quarter. Metis Global Partners LLC now owns 31,214 shares of the transportation company's stock worth $3,936,000 after purchasing an additional 1,363 shares in the last quarter. 60.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on UPS shares. HSBC lowered shares of United Parcel Service from a "buy" rating to a "hold" rating and set a $105.00 price target for the company. in a research report on Thursday, May 1st. Barclays cut their price objective on shares of United Parcel Service from $100.00 to $90.00 and set an "underweight" rating on the stock in a research report on Monday, March 31st. Hsbc Global Res lowered shares of United Parcel Service from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 1st. Galvan Research cut their price objective on shares of United Parcel Service from $147.00 to $133.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of United Parcel Service in a research report on Friday, March 7th. They set a "hold" rating and a $119.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $120.26.

United Parcel Service Trading Up 0.6%

Shares of United Parcel Service stock opened at $101.22 on Monday. The company's fifty day simple moving average is $98.18 and its 200-day simple moving average is $110.44. The company has a market cap of $85.71 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 1.78 and a beta of 1.22. 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 1 year low of $90.55 and a 1 year high of $148.15.

United Parcel Service (NYSE:UPS - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $21.25 billion. During the same quarter last year, the company posted $1.43 earnings per share. United Parcel Service's quarterly revenue was down .9% on a year-over-year basis. As a group, sell-side analysts expect that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were issued a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.48%. The ex-dividend date was Monday, May 19th. United Parcel Service's dividend payout ratio (DPR) is presently 95.63%.

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.

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