First National Bank of Omaha Purchases New Stake in United Parcel Service, Inc. $UPS

First National Bank of Omaha purchased a new position in shares of United Parcel Service, Inc. (NYSE:UPS) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 43,747 shares of the transportation company’s stock, valued at approximately $3,654,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of United Parcel Service during the second quarter worth $851,842,000. Laurel Wealth Advisors LLC boosted its holdings in United Parcel Service by 11,517.3% during the second quarter. Laurel Wealth Advisors LLC now owns 2,503,413 shares of the transportation company’s stock worth $252,695,000 after buying an additional 2,481,864 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in United Parcel Service by 78.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 4,086,862 shares of the transportation company’s stock worth $412,528,000 after buying an additional 1,799,882 shares during the last quarter. Invesco Ltd. grew its position in shares of United Parcel Service by 45.4% during the 2nd quarter. Invesco Ltd. now owns 5,730,804 shares of the transportation company’s stock worth $578,467,000 after buying an additional 1,789,467 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of United Parcel Service by 94.8% in the 2nd quarter. AQR Capital Management LLC now owns 2,300,081 shares of the transportation company’s stock valued at $231,388,000 after acquiring an additional 1,119,372 shares during the last quarter. 60.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on UPS. JPMorgan Chase & Co. boosted their price objective on shares of United Parcel Service from $99.00 to $107.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. BMO Capital Markets boosted their target price on United Parcel Service from $105.00 to $110.00 and gave the company a “market perform” rating in a research note on Wednesday, January 28th. Weiss Ratings raised United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, February 6th. Wall Street Zen upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Finally, UBS Group lifted their price target on shares of United Parcel Service from $116.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $113.67.

Insider Buying and Selling at United Parcel Service

In other news, insider Norman M. Brothers, Jr. sold 25,014 shares of the stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $106.15, for a total transaction of $2,655,236.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.13% of the company’s stock.

United Parcel Service Stock Down 3.2%

Shares of UPS stock opened at $115.46 on Wednesday. United Parcel Service, Inc. has a 52-week low of $82.00 and a 52-week high of $123.70. The stock has a market cap of $97.95 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 1.89 and a beta of 1.11. The firm’s 50-day moving average is $106.87 and its 200-day moving average is $95.23. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.30 and a current ratio of 1.22.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Tuesday, January 27th. The transportation company reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.18. The firm had revenue of $24.48 billion during the quarter, compared to analysts’ expectations of $23.91 billion. United Parcel Service had a net margin of 6.28% and a return on equity of 38.30%. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the previous year, the business posted $2.75 earnings per share. Sell-side analysts predict that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Tuesday, February 17th will be given a $1.64 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $6.56 annualized dividend and a dividend yield of 5.7%. United Parcel Service’s dividend payout ratio is presently 100.00%.

About United Parcel Service

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.