Canandaigua National Bank & Trust Co. Makes New $910,000 Investment in United Parcel Service, Inc. $UPS

Canandaigua National Bank & Trust Co. acquired a new position in United Parcel Service, Inc. (NYSE:UPS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,461 shares of the transportation company’s stock, valued at approximately $910,000.

Several other institutional investors also recently bought and sold shares of UPS. LFG Wealth Partners LLC purchased a new position in United Parcel Service in the fourth quarter valued at approximately $1,207,000. CWM LLC boosted its holdings in shares of United Parcel Service by 49.4% in the 4th quarter. CWM LLC now owns 297,357 shares of the transportation company’s stock valued at $29,495,000 after buying an additional 98,309 shares in the last quarter. RiverFront Investment Group LLC grew its position in shares of United Parcel Service by 937.9% in the 4th quarter. RiverFront Investment Group LLC now owns 245,564 shares of the transportation company’s stock valued at $24,358,000 after buying an additional 221,905 shares during the last quarter. Bank of New York Mellon Corp raised its stake in United Parcel Service by 1.5% during the 4th quarter. Bank of New York Mellon Corp now owns 4,541,742 shares of the transportation company’s stock worth $450,495,000 after acquiring an additional 65,652 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its position in United Parcel Service by 4.0% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 435,126 shares of the transportation company’s stock valued at $43,160,000 after acquiring an additional 16,764 shares during the last quarter. 60.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on UPS. Sanford C. Bernstein boosted their target price on United Parcel Service from $130.00 to $133.00 and gave the company an “outperform” rating in a report on Tuesday, July 21st. Stephens decreased their price objective on United Parcel Service from $135.00 to $130.00 and set an “overweight” rating for the company in a report on Wednesday, July 29th. Oppenheimer lifted their target price on shares of United Parcel Service from $115.00 to $117.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Evercore lowered their price objective on shares of United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a research report on Wednesday, April 22nd. Finally, Wall Street Zen cut shares of United Parcel Service from a “buy” rating to a “hold” rating in a report on Sunday, July 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $117.41.

United Parcel Service Stock Down 1.3%

United Parcel Service stock opened at $107.74 on Thursday. The company has a market cap of $91.58 billion, a PE ratio of 20.03, a price-to-earnings-growth ratio of 1.97 and a beta of 1.06. United Parcel Service, Inc. has a 1-year low of $82.00 and a 1-year high of $122.41. The stock’s 50 day moving average price is $109.44 and its 200 day moving average price is $106.66. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.18 and a quick ratio of 1.21.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Tuesday, July 28th. The transportation company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.65 by $0.11. United Parcel Service had a return on equity of 37.50% and a net margin of 5.08%.The business had revenue of $22.83 billion for the quarter, compared to analyst estimates of $21.86 billion. During the same quarter in the previous year, the company earned $1.55 EPS. The company’s quarterly revenue was up 7.6% on a year-over-year basis. United Parcel Service has set its FY 2026 guidance at 7.220-7.220 EPS. On average, sell-side analysts predict that United Parcel Service, Inc. will post 7.21 EPS for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Monday, August 17th will be paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend is Monday, August 17th. United Parcel Service’s dividend payout ratio is presently 121.93%.

About United Parcel Service

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.