Cooke & Bieler LP trimmed its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 2.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 636,557 shares of the transportation company’s stock after selling 17,610 shares during the period. Cooke & Bieler LP owned about 0.07% of United Parcel Service worth $70,397,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in UPS. Vanguard Group Inc. raised its holdings in United Parcel Service by 2.2% during the first quarter. Vanguard Group Inc. now owns 47,140,675 shares of the transportation company’s stock valued at $5,058,196,000 after buying an additional 1,030,326 shares in the last quarter. BlackRock Inc. raised its holdings in United Parcel Service by 2,550.9% during the first quarter. BlackRock Inc. now owns 45,051,373 shares of the transportation company’s stock valued at $4,834,013,000 after buying an additional 43,351,873 shares in the last quarter. Wellington Management Group LLP raised its holdings in United Parcel Service by 4.0% during the first quarter. Wellington Management Group LLP now owns 29,387,614 shares of the transportation company’s stock valued at $3,153,291,000 after buying an additional 1,117,802 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in United Parcel Service by 5.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 24,295,470 shares of the transportation company’s stock valued at $2,606,905,000 after buying an additional 1,246,981 shares in the last quarter. Finally, Clearbridge Investments LLC raised its holdings in United Parcel Service by 10.0% during the first quarter. Clearbridge Investments LLC now owns 6,520,411 shares of the transportation company’s stock valued at $699,640,000 after buying an additional 593,756 shares in the last quarter. Institutional investors and hedge funds own 52.86% of the company’s stock.

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In other United Parcel Service news, EVP Alan Gershenhorn sold 17,699 shares of the stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $114.10, for a total value of $2,019,455.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider James J. Barber sold 3,556 shares of the 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 disclosure for this sale can be found here. 0.59% of the stock is owned by corporate insiders.

Several research firms have weighed in on UPS. Robert W. Baird restated a “hold” rating and set a $118.00 target price on shares of United Parcel Service in a report on Sunday, October 1st. Zacks Investment Research lowered United Parcel Service from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. J P Morgan Chase & Co raised their target price on United Parcel Service from $113.00 to $114.00 and gave the company a “neutral” rating in a report on Thursday, October 12th. Credit Suisse Group restated a “hold” rating and set a $116.00 target price (up from $108.00) on shares of United Parcel Service in a report on Thursday, October 12th. They noted that the move was a valuation call. Finally, Bank of America Corporation restated a “neutral” rating and set a $124.00 target price (up from $117.00) on shares of United Parcel Service in a report on Friday, October 6th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $117.25.

Shares of United Parcel Service, Inc. (NYSE:UPS) opened at 118.34 on Tuesday. The stock has a 50 day moving average price of $117.23 and a 200 day moving average price of $110.85. United Parcel Service, Inc. has a 12 month low of $102.12 and a 12 month high of $120.80. The firm has a market capitalization of $102.48 billion, a P/E ratio of 29.10 and a beta of 0.90.

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

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.

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

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