United Parcel Service: Major Shareholder Stock Sales in Q3

Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently decreased stock shares of United Parcel Service, Inc. (NYSE:UPS).

SEC data indicate these insiders have sold United Parcel Service, Inc.’s stock since 06/30/2011:

  • Hill Allen E: act as Senior Vice President. On 11/02/2011, sold 11,736 shares, worth $813,700.
  • Mcdevitt John J: act as Senior Vice President. On 07/29/2011, sold 10,000 shares, worth $692,200.
  • Barnes David A: act as Senior Vice President. On 10/27/2011, sold 8,097 shares, worth $579,100.

SEC data indicate that these institutions significantly reduced their stock shares of United Parcel Service, Inc. in Q3 2011:

  • EGERTON CAPITAL LTD: On 06/30/2011, held 2,477,150 shares, worth $177,908,913. On 09/30/2011, held 0 shares.
  • BALYASNY ASSET MANAGEMENT LLC: On 06/30/2011, held 986,920 shares, worth $70,880,594. On 09/30/2011, held 0 shares.
  • PINEBRIDGE INVESTMENTS LLC: On 06/30/2011, held 869,037 shares, worth $62,414,237. On 09/30/2011, held 0 shares.
  • CHILDRENS INVESTMENT FUND MANAGEMENT (UK) LLP: On 06/30/2011, held 685,451 shares, worth $49,229,091. On 09/30/2011, held 0 shares.
  • KINGDON CAPITAL MANAGEMENT LLC: On 06/30/2011, held 600,000 shares, worth $43,092,000. On 09/30/2011, held 0 shares.

About the company: United Parcel Service, Inc.(NYSE:UPS) delivers packages and documents throughout the United States and in other countries and territories. The Company also provides global supply chain services and less-than-truckload transportation, primarily in the U.S. UPS’s business consists of integrated air and ground pick-up and delivery network

Competitors to Watch: FedEx Corporation (NYSE:FDX), Air Transport Services Group Inc. (NASDAQ:ATSG) and Air T, Inc. (NASDAQ:AIRT).

(Note: Data regarding United Parcel Service, Inc.’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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