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Gayner Sells Stakes in Courier Companies in –st Quarter

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Tom Gayner ( Trades , Portfolio ) sold out nine existing stakes in his portfolio in the first quarter. His two most noteworthy divestments involved courier companies.

Gayner sold his 79',5……-share stake in United Parcel Service Inc. ( UPS ), a Sandy Springs, Georgia-based package delivery provider, for an average price of $97.…6 per share in what was, by far, the guru's most significant first-quarter transaction. The divestiture had a --.…7% impact on Gayner's portfolio.

United Parcel Service's leading shareholder among the gurus is Bill Gates ( Trades , Portfolio ) with a stake of 4,5-5,'-9 shares. The stake is ….5-% of United Parcel Service's outstanding shares and -.6-% of Gates' total assets.

United Parcel Service has a P/E of -8.8, a forward P/E of -6.', a P/B of '6.6 and a P/S of -.6. GuruFocus gives United Parcel Service a Financial Strength rating of 6/-… and a Profitability and Growth rating of 8/-….

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United Parcel Service sold for $-…-.69 per share Monday.

Gayner sold his '-,………-share stake in FedEx Corp. ( FDX ), a package delivery company based in Memphis, Tennessee, for an average price of $-'8.89 per share. The divestiture had a -….-'% impact on Gayner's portfolio.

FedEx's leading shareholder among the gurus is PRIMECAP Management ( Trades , Portfolio ) with a stake of -4,745,589 shares. The stake is 5.49% of FedEx's outstanding shares and -.-5% of PRIMECAP's total assets.

FedEx has a P/E of 46.-, a forward P/E of -', a P/B of '.6 and a P/S of ….9. GuruFocus gives FedEx a Financial Strength rating of 7/-… and a Profitability and Growth rating of 6/-….

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FedEx sold for $-6-.-9 per share Monday.

Gayner sold his 54,………-share stake in Coach Inc. ( COH ), a New York City-based apparel and accessories company, for an average price of $'6.…5 per share. The divestiture had a -….…5% impact on Gayner's portfolio.

Dodge & Cox is Coach's leading shareholder among the gurus with a stake of -7,'7-,56- shares. The stake is 6.-5% of Coach's outstanding shares and ….57% of Dodge & Cox's total assets.

Coach has a P/E of -9.-, a forward P/E of -8, a P/B of 4.' and a P/S of -.6. GuruFocus gives Coach a Financial Strength rating of 6/-… and a Profitability and Growth rating of 7/-….

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Coach sold for $4….69 per share Monday.

Gayner hiked his stake in Alphabet Inc. ( GOOG ), the Mountain View, California-based parent company of Google, by nearly 44%. Gayner purchased 7,……… shares for an average price of $7-6.-9 per share. The transaction had a ….-4% impact on Gayner's portfolio.

The stake, now -',…'- shares, is ….46% of Gayner's total assets. Alphabet's leading shareholder among the gurus is Dodge & Cox with a stake of ',-78,856 shares. The stake is ….48% of Alphabet's outstanding shares and -.44% of Dodge & Cox's total assets.

Alphabet has a P/E of '….8, a forward P/E of -8, a P/B of 4 and a P/S of 6.5. GuruFocus gives Alphabet a Financial Strength rating of 9/-… and a Profitability

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This article first appeared on GuruFocus .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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