Mutual of Omaha Bank Wealth Management Reduces Holdings in United Parcel Service, Inc. (UPS)

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Mutual of Omaha Bank Wealth Management lowered its stake in United Parcel Service, Inc. (NYSE:UPS) by 4.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,902 shares of the transportation company’s stock after selling 530 shares during the period. Mutual of Omaha Bank Wealth Management’s holdings in United Parcel Service were worth $1,390,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vulcan Value Partners LLC acquired a new stake in United Parcel Service during the 2nd quarter valued at $308,056,000. Mainstay Capital Management LLC ADV raised its stake in United Parcel Service by 4,846.8% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 890,030 shares of the transportation company’s stock valued at $9,208,000 after purchasing an additional 872,038 shares during the period. Cornerstone Wealth Management LLC raised its stake in United Parcel Service by 10,460.5% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 852,658 shares of the transportation company’s stock valued at $8,053,000 after purchasing an additional 844,584 shares during the period. Acadian Asset Management LLC acquired a new stake in United Parcel Service during the 2nd quarter valued at $77,014,000. Finally, Chevy Chase Trust Holdings Inc. acquired a new stake in United Parcel Service during the 2nd quarter valued at $62,422,000. 53.90% of the stock is currently owned by institutional investors.

Shares of NYSE:UPS opened at $107.07 on Wednesday. The firm has a market capitalization of $90.60 billion, a P/E ratio of 17.82, a price-to-earnings-growth ratio of 1.57 and a beta of 1.16. United Parcel Service, Inc. has a 1 year low of $101.45 and a 1 year high of $135.53. The company has a debt-to-equity ratio of 6.43, a current ratio of 1.14 and a quick ratio of 1.21.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Wednesday, October 24th. The transportation company reported $1.82 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.82. The firm had revenue of $17.44 billion during the quarter, compared to analysts’ expectations of $17.48 billion. United Parcel Service had a net margin of 7.68% and a return on equity of 307.54%. United Parcel Service’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.45 earnings per share. As a group, equities analysts anticipate that United Parcel Service, Inc. will post 7.23 EPS for the current year.

In other United Parcel Service news, COO James J. Barber sold 2,500 shares of the company’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $121.94, for a total transaction of $304,850.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider George Willis sold 4,312 shares of the company’s stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $121.34, for a total transaction of $523,218.08. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company’s stock.

Several analysts have issued reports on UPS shares. UBS Group raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $125.00 target price on the stock in a research note on Monday, July 16th. ValuEngine raised shares of United Parcel Service from a “sell” rating to a “hold” rating in a research note on Monday, July 16th. Zacks Investment Research raised shares of United Parcel Service from a “hold” rating to a “buy” rating and set a $126.00 price target on the stock in a research note on Tuesday, July 24th. Goldman Sachs Group set a $139.00 price target on shares of United Parcel Service and gave the stock a “buy” rating in a research note on Wednesday, July 25th. Finally, Stephens set a $128.00 price target on shares of United Parcel Service and gave the stock a “hold” rating in a research note on Wednesday, July 25th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $125.52.

United Parcel Service Profile

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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Institutional Ownership by Quarter for United Parcel Service (NYSE:UPS)

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