First National Bank of Omaha Decreases Stock Holdings in United Parcel Service, Inc. (NYSE:UPS)

First National Bank of Omaha trimmed its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 1.8% in the third quarter, Holdings Channel reports. The institutional investor owned 47,983 shares of the transportation company’s stock after selling 859 shares during the period. First National Bank of Omaha’s holdings in United Parcel Service were worth $6,542,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in UPS. TruNorth Capital Management LLC acquired a new stake in shares of United Parcel Service during the 2nd quarter worth about $28,000. True Wealth Design LLC raised its holdings in United Parcel Service by 397.7% during the third quarter. True Wealth Design LLC now owns 214 shares of the transportation company’s stock worth $29,000 after purchasing an additional 171 shares in the last quarter. Riverview Trust Co purchased a new stake in shares of United Parcel Service during the 2nd quarter worth approximately $32,000. Centerpoint Advisors LLC boosted its holdings in shares of United Parcel Service by 291.7% in the 2nd quarter. Centerpoint Advisors LLC now owns 235 shares of the transportation company’s stock valued at $32,000 after buying an additional 175 shares in the last quarter. Finally, Princeton Global Asset Management LLC grew its position in shares of United Parcel Service by 720.0% in the 3rd quarter. Princeton Global Asset Management LLC now owns 246 shares of the transportation company’s stock valued at $34,000 after buying an additional 216 shares during the last quarter. 60.26% of the stock is owned by institutional investors and hedge funds.

United Parcel Service Stock Performance

Shares of UPS opened at $125.61 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.20. The company has a 50-day simple moving average of $133.32 and a 200-day simple moving average of $133.11. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82. The company has a market capitalization of $107.19 billion, a PE ratio of 18.97, a P/E/G ratio of 2.11 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.63 by $0.13. The business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.57 EPS. Equities research analysts predict that United Parcel Service, Inc. will post 7.48 earnings per share for the current fiscal year.

United Parcel Service Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were issued a dividend of $1.63 per share. The ex-dividend date was Monday, November 18th. This represents a $6.52 annualized dividend and a yield of 5.19%. United Parcel Service’s dividend payout ratio (DPR) is currently 98.49%.

Insiders Place Their Bets

In related news, insider Norman M. Brothers, Jr. sold 7,325 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $138.57, for a total value of $1,015,025.25. Following the sale, the insider now owns 45,098 shares of the company’s stock, valued at approximately $6,249,229.86. This represents a 13.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Citigroup reduced their price target on shares of United Parcel Service from $163.00 to $158.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Barclays reissued an “underweight” rating and issued a $120.00 target price on shares of United Parcel Service in a research report on Monday, October 21st. Wells Fargo & Company lifted their price target on United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Stifel Nicolaus increased their price objective on United Parcel Service from $151.00 to $156.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, The Goldman Sachs Group cut their target price on shares of United Parcel Service from $165.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, United Parcel Service currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.52.

About United Parcel Service

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.