Cooke & Bieler LP cut its position in shares of United Parcel Service Inc. (NYSE:UPS) by 1.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 820,278 shares of the company’s stock after selling 13,260 shares during the period. United Parcel Service makes up about 2.0% of Cooke & Bieler LP’s holdings, making the stock its 18th largest position. Cooke & Bieler LP owned about 0.09% of United Parcel Service worth $88,360,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Americafirst Capital Management LLC acquired a new stake in shares of United Parcel Service during the second quarter worth approximately $102,000. Security National Trust Co. boosted its stake in United Parcel Service by 35.1% in the second quarter. Security National Trust Co. now owns 1,059 shares of the company’s stock valued at $115,000 after buying an additional 275 shares in the last quarter. Advisory Services Network LLC boosted its stake in United Parcel Service by 17.4% in the second quarter. Advisory Services Network LLC now owns 1,206 shares of the company’s stock valued at $130,000 after buying an additional 179 shares in the last quarter. Kanaly Trust Co boosted its stake in United Parcel Service by 1.3% in the second quarter. Kanaly Trust Co now owns 1,359 shares of the company’s stock valued at $146,000 after buying an additional 17 shares in the last quarter. Finally, Trust Co purchased a new stake in United Parcel Service during the first quarter valued at about $202,000. 53.29% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of United Parcel Service Inc. (NYSE:UPS) traded down 0.36% during mid-day trading on Monday, reaching $108.03. 1,758,356 shares of the company’s stock traded hands. The company has a market capitalization of $94.86 billion, a P/E ratio of 19.42 and a beta of 0.91. The firm has a 50-day moving average price of $108.72 and a 200-day moving average price of $106.79. United Parcel Service Inc. has a 1-year low of $87.30 and a 1-year high of $111.83.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Friday, July 29th. The company reported $1.43 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.43. The firm had revenue of $14.60 billion for the quarter, compared to analysts’ expectations 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 revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the business posted $1.35 EPS. On average, equities research analysts forecast that United Parcel Service Inc. will post $5.81 earnings per share for the current fiscal year.

Several research firms have issued reports on UPS. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $116.00 price target (up from $112.00) on shares of United Parcel Service in a research note on Tuesday, August 2nd. William Blair reaffirmed an “outperform” rating on shares of United Parcel Service in a research note on Tuesday, September 13th. Argus raised their price target on shares of United Parcel Service from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, August 2nd. Zacks Investment Research cut shares of United Parcel Service from a “buy” rating to a “hold” rating in a research note on Friday, July 22nd. Finally, Morgan Stanley set a $91.00 price target on shares of United Parcel Service and gave the stock a “sell” rating in a research note on Monday, August 1st. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. United Parcel Service currently has a consensus rating of “Hold” and an average target price of $108.67.

In other United Parcel Service news, insider James J. Barber sold 2,268 shares of United Parcel Service 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 transaction, the insider now owns 31,418 shares of the company’s stock, valued at approximately $3,449,382.22. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.72% of the stock is owned by corporate insiders.

About United Parcel Service

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.

5 Day Chart for NYSE:UPS

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