Canandaigua National Trust Co of Florida Has $965,000 Holdings in United Parcel Service, Inc. $UPS

Canandaigua National Trust Co of Florida increased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 122.4% in the second quarter, Holdings Channel reports. The firm owned 9,562 shares of the transportation company’s stock after buying an additional 5,263 shares during the quarter. Canandaigua National Trust Co of Florida’s holdings in United Parcel Service were worth $965,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pinney & Scofield Inc. bought a new position in United Parcel Service during the fourth quarter worth about $27,000. Fourth Dimension Wealth LLC bought a new position in United Parcel Service during the fourth quarter worth about $28,000. Graybill Wealth Management LTD. bought a new position in United Parcel Service during the first quarter worth about $26,000. Citizens National Bank Trust Department lifted its holdings in United Parcel Service by 525.0% during the first 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, Hemington Wealth Management lifted its holdings in United Parcel Service by 68.9% during the first quarter. Hemington Wealth Management now owns 282 shares of the transportation company’s stock worth $31,000 after acquiring an additional 115 shares in the last quarter. 60.26% of the stock is currently owned by institutional investors.

United Parcel Service Price Performance

United Parcel Service stock opened at $84.40 on Monday. United Parcel Service, Inc. has a 12 month low of $82.00 and a 12 month high of $145.01. The stock’s 50 day moving average is $91.22 and its 200-day moving average is $98.71. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $71.53 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 1.55 and a beta of 1.08.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, July 29th. The transportation company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.01). United Parcel Service had a net margin of 6.34% and a return on equity of 39.61%. The firm had revenue of $21.20 billion during the quarter, compared to analyst estimates of $20.90 billion. During the same period in the previous year, the company posted $1.79 EPS. United Parcel Service’s revenue for the quarter was down 2.7% compared to the same quarter last year. Equities research 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 given 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 7.8%. United Parcel Service’s dividend payout ratio is presently 97.62%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on UPS shares. Wall Street Zen upgraded United Parcel Service from a “sell” rating to a “hold” rating in a report on Sunday, September 7th. Galvan Research cut their price target on United Parcel Service from $126.00 to $124.00 and set a “buy” rating on the stock in a report on Monday, June 30th. Citigroup cut their price target on United Parcel Service from $127.00 to $114.00 and set a “buy” rating on the stock in a report on Thursday, July 31st. Susquehanna cut their price target on United Parcel Service from $110.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, July 30th. Finally, BNP Paribas Exane upgraded United Parcel Service from an “underperform” rating to a “neutral” rating and set a $100.00 price target on the stock in a report on Thursday, July 3rd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $112.34.

Insider Activity

In other news, CEO Carol B. Tome bought 11,682 shares of the firm’s stock in a transaction dated Friday, August 1st. The shares were bought at an average price of $85.67 per share, with a total value of $1,000,796.94. Following the completion of the transaction, the chief executive officer owned 24,718 shares of the company’s stock, valued at $2,117,591.06. This trade represents a 89.61% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Christiana Smith Shi bought 500 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was purchased at an average cost of $88.17 per share, for a total transaction of $44,085.00. Following the transaction, the director directly owned 500 shares of the company’s stock, valued at $44,085. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 17,182 shares of company stock valued at $1,477,382. 0.13% of the stock is owned by insiders.

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.