United Parcel Service, Inc. $UPS Shares Sold by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp trimmed its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 5.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 105,967 shares of the transportation company’s stock after selling 6,435 shares during the period. Peapack Gladstone Financial Corp’s holdings in United Parcel Service were worth $10,512,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Shrier Wealth Management LLC acquired a new stake in United Parcel Service in the fourth quarter valued at approximately $1,099,000. Victory Capital Management Inc. grew its holdings in United Parcel Service by 10.5% in the third quarter. Victory Capital Management Inc. now owns 7,991,490 shares of the transportation company’s stock valued at $667,109,000 after purchasing an additional 761,217 shares during the period. Jaffetilchin Investment Partners LLC grew its holdings in United Parcel Service by 192.7% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 19,734 shares of the transportation company’s stock valued at $1,957,000 after purchasing an additional 12,993 shares during the period. Integrity Advisory Solutions LLC acquired a new stake in United Parcel Service in the third quarter valued at approximately $6,868,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in United Parcel Service by 5.1% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,470,790 shares of the transportation company’s stock valued at $122,855,000 after purchasing an additional 71,764 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on UPS. Weiss Ratings lowered United Parcel Service from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, May 8th. Citigroup raised their price objective on United Parcel Service from $118.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Susquehanna raised their price objective on United Parcel Service from $116.00 to $118.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Evercore dropped their price objective on United Parcel Service from $115.00 to $113.00 and set an “in-line” rating on the stock in a report on Wednesday, April 22nd. Finally, UBS Group decreased their target price on United Parcel Service from $125.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, United Parcel Service has an average rating of “Hold” and a consensus target price of $111.50.

United Parcel Service Stock Performance

Shares of NYSE:UPS opened at $109.01 on Tuesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.21 and a quick ratio of 1.21. The business’s 50 day moving average price is $101.26 and its 200-day moving average price is $103.25. The firm has a market capitalization of $92.66 billion, a PE ratio of 17.64, a P/E/G ratio of 1.70 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.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Tuesday, April 28th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. The firm had revenue of $21.20 billion for the quarter, compared to analyst estimates of $20.99 billion. United Parcel Service had a return on equity of 35.95% and a net margin of 5.94%.The business’s revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.49 earnings per share. As a group, equities research analysts expect that United Parcel Service, Inc. will post 7.1 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Monday, May 18th will be paid a dividend of $1.64 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $6.56 dividend on an annualized basis and a yield of 6.0%. United Parcel Service’s payout ratio is 106.15%.

United Parcel Service Company Profile

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.