United Parcel Service, Inc. (NYSE:UPS) Position Reduced by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. trimmed its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 6.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,267 shares of the transportation company’s stock after selling 555 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in United Parcel Service were worth $1,127,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. TruNorth Capital Management LLC bought a new position in United Parcel Service during the 2nd quarter valued at $28,000. Security National Bank bought a new position in shares of United Parcel Service in the 4th quarter worth about $31,000. Pineridge Advisors LLC bought a new position in shares of United Parcel Service in the 4th quarter worth about $31,000. Riverview Trust Co bought a new position in shares of United Parcel Service in the 2nd quarter worth about $32,000. Finally, Centerpoint Advisors LLC lifted its position in shares of United Parcel Service by 291.7% in the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock worth $32,000 after buying an additional 175 shares during the last quarter. 60.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at United Parcel Service

In other United Parcel Service news, Director William R. Johnson bought 5,000 shares of United Parcel Service stock in a transaction on Thursday, July 25th. The stock was purchased at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the completion of the purchase, the director now directly owns 5,160 shares of the company’s stock, valued at $663,627.60. The trade was a 3,100.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on UPS shares. Robert W. Baird reduced their price target on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 24th. Stifel Nicolaus cut their price objective on shares of United Parcel Service from $170.00 to $151.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Wells Fargo & Company cut their price objective on shares of United Parcel Service from $156.00 to $134.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 24th. UBS Group cut their price objective on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Finally, Barclays cut their price objective on shares of United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $149.68.

United Parcel Service Stock Up 0.4 %

Shares of UPS stock traded up $0.53 during trading on Friday, hitting $131.25. 3,270,680 shares of the company were exchanged, compared to its average volume of 4,256,409. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market capitalization of $112.29 billion, a price-to-earnings ratio of 19.02, a P/E/G ratio of 1.96 and a beta of 0.99. The business’s 50-day simple moving average is $128.89 and its 200 day simple moving average is $137.87. United Parcel Service, Inc. has a twelve month low of $123.12 and a twelve month high of $163.82.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.79 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.20). The company had revenue of $21.82 billion for the quarter, compared to analyst estimates of $22.17 billion. United Parcel Service had a return on equity of 35.27% and a net margin of 5.87%. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.54 earnings per share. As a group, analysts forecast that United Parcel Service, Inc. will post 7.43 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date of this dividend was Monday, August 19th. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

About United Parcel Service

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.