Peapack Gladstone Financial Corp decreased its stake in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,925 shares of the transportation company’s stock after selling 510 shares during the period. Peapack Gladstone Financial Corp’s holdings in United Parcel Service were worth $4,284,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in UPS. Tompkins Financial Corp raised its stake in shares of United Parcel Service by 8.1% in the first quarter. Tompkins Financial Corp now owns 1,001 shares of the transportation company’s stock valued at $106,000 after buying an additional 75 shares during the last quarter. First PREMIER Bank raised its position in shares of United Parcel Service by 11.1% in the first quarter. First PREMIER Bank now owns 997 shares of the transportation company’s stock valued at $107,000 after buying an additional 100 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of United Parcel Service by 17.3% in the first quarter. Parkside Financial Bank & Trust now owns 1,087 shares of the transportation company’s stock valued at $116,000 after buying an additional 160 shares during the last quarter. Security National Trust Co. raised its position in shares of United Parcel Service by 8.9% in the first quarter. Security National Trust Co. now owns 1,244 shares of the transportation company’s stock valued at $134,000 after buying an additional 102 shares during the last quarter. Finally, Financial Architects Inc raised its position in shares of United Parcel Service by 14.3% in the first quarter. Financial Architects Inc now owns 1,301 shares of the transportation company’s stock valued at $140,000 after buying an additional 163 shares during the last quarter. Institutional investors own 52.90% of the company’s stock.

United Parcel Service, Inc. (NYSE UPS) traded up 0.37% on Friday, hitting $113.34. The company’s stock had a trading volume of 2,249,273 shares. United Parcel Service, Inc. has a 12 month low of $102.12 and a 12 month high of $120.44. The firm has a market cap of $98.15 billion, a price-to-earnings ratio of 27.87 and a beta of 0.88. The firm has a 50 day moving average of $111.59 and a 200 day moving average of $107.96.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, July 27th. The transportation company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.46 by $0.12. United Parcel Service had a net margin of 5.68% and a return on equity of 417.18%. The business had revenue of $15.75 billion during the quarter, compared to analysts’ expectations of $15.49 billion. During the same quarter in the previous year, the company earned $1.43 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. Equities research analysts forecast that United Parcel Service, Inc. will post $6.01 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Monday, August 14th will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $3.32 annualized dividend and a yield of 2.93%. United Parcel Service’s dividend payout ratio is presently 81.57%.

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A number of research firms have recently weighed in on UPS. Credit Suisse Group restated a “neutral” rating and issued a $108.00 target price on shares of United Parcel Service in a report on Tuesday. BidaskClub raised United Parcel Service from a “strong sell” rating to a “sell” rating in a research report on Friday, August 11th. Citigroup Inc. raised United Parcel Service from a “neutral” rating to a “buy” rating and increased their price target for the company from $115.00 to $128.00 in a research report on Tuesday, August 8th. TheStreet raised United Parcel Service from a “c” rating to a “b” rating in a research report on Thursday, July 27th. Finally, Cowen and Company reissued a “hold” rating on shares of United Parcel Service in a research report on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $114.57.

In related news, insider James J. Barber sold 3,556 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $110.85, for a total transaction of $394,182.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Kathleen M. Gutmann sold 2,000 shares of the business’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $107.49, for a total transaction of $214,980.00. The disclosure for this sale can be found here. 0.59% of the stock is currently owned by corporate insiders.

United Parcel Service Company Profile

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.

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

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