United Parcel Service, Inc. (UPS) Holdings Trimmed by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. cut its holdings in United Parcel Service, Inc. (NYSE:UPS) by 4.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,638 shares of the transportation company’s stock after selling 1,772 shares during the period. Tocqueville Asset Management L.P.’s holdings in United Parcel Service were worth $4,494,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in UPS. Harbour Investment Management LLC acquired a new position in United Parcel Service during the 1st quarter worth $2,249,000. Tradewinds Capital Management LLC raised its position in shares of United Parcel Service by 0.8% during the first quarter. Tradewinds Capital Management LLC now owns 21,122 shares of the transportation company’s stock valued at $2,266,000 after buying an additional 160 shares during the last quarter. CLS Investments LLC raised its position in shares of United Parcel Service by 17.4% during the first quarter. CLS Investments LLC now owns 3,423 shares of the transportation company’s stock valued at $367,000 after buying an additional 507 shares during the last quarter. Renaissance Group LLC raised its position in shares of United Parcel Service by 0.8% during the first quarter. Renaissance Group LLC now owns 261,610 shares of the transportation company’s stock valued at $28,071,000 after buying an additional 2,078 shares during the last quarter. Finally, Cambiar Investors LLC raised its position in shares of United Parcel Service by 7.5% during the first quarter. Cambiar Investors LLC now owns 594,005 shares of the transportation company’s stock valued at $63,737,000 after buying an additional 41,204 shares during the last quarter. 52.92% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently commented on UPS. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $123.00 price objective (up previously from $116.00) on shares of United Parcel Service in a research report on Wednesday, September 20th. BidaskClub lowered shares of United Parcel Service from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Credit Suisse Group reissued a “neutral” rating and issued a $108.00 price target on shares of United Parcel Service in a research report on Tuesday, August 15th. Zacks Investment Research cut shares of United Parcel Service from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Finally, Bank of America Corporation reaffirmed a “neutral” rating and set a $124.00 price objective (up from $117.00) on shares of United Parcel Service in a research note on Friday, October 6th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $117.65.

Shares of United Parcel Service, Inc. (NYSE UPS) opened at 119.33 on Friday. The company’s 50 day moving average is $118.08 and its 200-day moving average is $111.54. The firm has a market capitalization of $103.34 billion, a price-to-earnings ratio of 29.34 and a beta of 0.90. United Parcel Service, Inc. has a one year low of $102.12 and a one year high of $120.80.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.45. The firm had revenue of $15.98 billion during the quarter, compared to analyst estimates of $15.62 billion. United Parcel Service had a return on equity of 417.18% and a net margin of 5.68%. United Parcel Service’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.44 EPS. Equities analysts expect that United Parcel Service, Inc. will post $6.01 EPS for the current year.

In other news, insider James J. Barber sold 3,556 shares of United Parcel Service stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $110.85, for a total value of $394,182.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Alan Gershenhorn sold 17,699 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total value of $2,019,455.90. The disclosure for this sale can be found here. 0.59% of the stock is owned by insiders.

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United Parcel Service 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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