Canandaigua National Corp Sells 654 Shares of United Parcel Service, Inc. (NYSE:UPS)


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Canandaigua National Corp decreased its holdings in United Parcel Service, Inc. (NYSE:UPS) by 3.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,185 shares of the transportation company’s stock after selling 654 shares during the quarter. Canandaigua National Corp’s holdings in United Parcel Service were worth $2,921,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of UPS. Norges Bank bought a new stake in United Parcel Service in the fourth quarter valued at about $1,094,024,000. FMR LLC grew its stake in United Parcel Service by 12.9% in the fourth quarter. FMR LLC now owns 19,738,328 shares of the transportation company’s stock valued at $3,323,935,000 after acquiring an additional 2,260,739 shares during the period. Korea Investment CORP grew its stake in United Parcel Service by 264.5% in the fourth quarter. Korea Investment CORP now owns 1,573,997 shares of the transportation company’s stock valued at $265,061,000 after acquiring an additional 1,142,197 shares during the period. Janus Henderson Group PLC grew its stake in United Parcel Service by 15.7% in the fourth quarter. Janus Henderson Group PLC now owns 5,568,083 shares of the transportation company’s stock valued at $937,646,000 after acquiring an additional 755,716 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in United Parcel Service by 11.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,005,094 shares of the transportation company’s stock valued at $1,179,659,000 after acquiring an additional 733,987 shares during the period. Hedge funds and other institutional investors own 55.68% of the company’s stock.

Shares of UPS stock traded up $0.65 during trading hours on Thursday, reaching $172.60. The company’s stock had a trading volume of 34,442 shares, compared to its average volume of 3,635,291. The firm’s 50 day simple moving average is $163.69 and its 200-day simple moving average is $165.48. The company has a market capitalization of $149.65 billion, a price-to-earnings ratio of 32.69, a PEG ratio of 2.47 and a beta of 0.98. United Parcel Service, Inc. has a fifty-two week low of $88.85 and a fifty-two week high of $178.01. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 4.16.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, February 2nd. The transportation company reported $2.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.14 by $0.52. The firm had revenue of $24.90 billion for the quarter, compared to the consensus estimate of $22.85 billion. United Parcel Service had a return on equity of 161.20% and a net margin of 5.71%. The company’s revenue was up 21.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.11 EPS. Sell-side analysts predict that United Parcel Service, Inc. will post 7.68 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 10th. Shareholders of record on Monday, February 22nd were issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend was Friday, February 19th. This is an increase from United Parcel Service’s previous quarterly dividend of $1.01. United Parcel Service’s dividend payout ratio (DPR) is currently 54.18%.

In related news, insider Norman M. Brothers, Jr. sold 13,337 shares of the firm’s stock in a transaction on Monday, February 22nd. The stock was sold at an average price of $159.64, for a total transaction of $2,129,118.68. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Laura J. Lane sold 2,375 shares of the firm’s stock in a transaction on Friday, February 26th. The shares were sold at an average price of $157.93, for a total value of $375,083.75. Company insiders own 0.57% of the company’s stock.

UPS has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reduced their price objective on United Parcel Service from $201.00 to $185.00 and set a “buy” rating for the company in a research report on Thursday, February 4th. TheStreet lowered United Parcel Service from an “a-” rating to a “c” rating in a research note on Tuesday, February 2nd. Credit Suisse Group upped their price objective on United Parcel Service from $202.00 to $205.00 and gave the company an “outperform” rating in a research note on Wednesday, February 3rd. Craig Hallum upped their price objective on United Parcel Service from $12.00 to $25.00 in a research note on Monday, February 8th. Finally, Barclays upped their price objective on United Parcel Service from $145.00 to $155.00 and gave the company an “underweight” rating in a research note on Monday, January 11th. Four analysts have rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. United Parcel Service currently has a consensus rating of “Hold” and an average price target of $160.13.

United Parcel Service Company Profile

United Parcel Service, Inc provides letter and package delivery, transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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