Cooke & Bieler LP decreased its stake in shares of United Parcel Service Inc. (NYSE:UPS) by 1.6% during the second quarter, Holdings Channel reports. The firm owned 820,278 shares of the company’s stock after selling 13,260 shares during the period. United Parcel Service accounts for about 2.0% of Cooke & Bieler LP’s holdings, making the stock its 18th largest position. Cooke & Bieler LP’s holdings in United Parcel Service were worth $88,360,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in the stock. Bank of Montreal Can acquired a new position in United Parcel Service during the second quarter valued at $81,298,000. Sarasin & Partners LLP acquired a new position in United Parcel Service during the second quarter valued at $41,731,000. Kovitz Investment Group Partners LLC acquired a new position in United Parcel Service during the first quarter valued at $37,360,000. BB&T Securities LLC boosted its position in United Parcel Service by 74.7% in the first quarter. BB&T Securities LLC now owns 800,133 shares of the company’s stock valued at $84,390,000 after buying an additional 342,183 shares during the period. Finally, Loomis Sayles & Co. L P boosted its position in United Parcel Service by 7.4% in the first quarter. Loomis Sayles & Co. L P now owns 4,712,534 shares of the company’s stock valued at $497,031,000 after buying an additional 326,412 shares during the period. 53.29% of the stock is currently owned by institutional investors.
Shares of United Parcel Service Inc. (NYSE:UPS) traded down 0.36% on Monday, hitting $108.03. The stock had a trading volume of 1,758,356 shares. United Parcel Service Inc. has a 52 week low of $87.30 and a 52 week high of $111.83. The stock’s 50-day moving average price is $108.72 and its 200 day moving average price is $106.79. The company has a market cap of $94.86 billion, a PE ratio of 19.42 and a beta of 0.91.
United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Friday, July 29th. The company reported $1.43 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.43. The business earned $14.60 billion during the quarter, compared to the consensus estimate of $14.65 billion. United Parcel Service had a return on equity of 211.88% and a net margin of 8.41%. United Parcel Service’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the company earned $1.35 earnings per share. On average, analysts predict that United Parcel Service Inc. will post $5.81 EPS for the current year.
UPS has been the topic of several research analyst reports. Barclays PLC lifted their target price on United Parcel Service from $110.00 to $115.00 and gave the company an “equal weight” rating in a research note on Monday, September 12th. Citigroup Inc. reiterated a “hold” rating on shares of United Parcel Service in a report on Thursday, June 30th. Zacks Investment Research lowered United Parcel Service from a “hold” rating to a “sell” rating in a report on Wednesday, September 28th. Morgan Stanley set a $91.00 price target on United Parcel Service and gave the company a “sell” rating in a report on Monday, August 1st. Finally, Argus lifted their price target on United Parcel Service from $115.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. United Parcel Service presently has an average rating of “Hold” and a consensus target price of $108.67.
In related news, insider James J. Barber sold 2,268 shares of the stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $109.79, for a total transaction of $249,003.72. Following the completion of the transaction, the insider now directly owns 31,418 shares in the company, valued at $3,449,382.22. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.72% of the company’s stock.
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. It delivers packages each business day in over 220 countries and territories. The Company operates in three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight.
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