Weiss Multi Strategy Advisers LLC increased its position in shares of United Parcel Service, Inc. (NYSE:UPS) by 875.0% during the first quarter, Holdings Channel reports. The institutional investor owned 173,099 shares of the transportation company’s stock after buying an additional 155,346 shares during the period. United Parcel Service comprises 0.7% of Weiss Multi Strategy Advisers LLC’s holdings, making the stock its 24th largest position. Weiss Multi Strategy Advisers LLC’s holdings in United Parcel Service were worth $18,574,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Tompkins Financial Corp increased its position in United Parcel Service by 8.1% in the first quarter. Tompkins Financial Corp now owns 1,001 shares of the transportation company’s stock valued at $106,000 after buying an additional 75 shares during the period. First PREMIER Bank increased its position in United Parcel Service by 11.1% in the first quarter. First PREMIER Bank now owns 997 shares of the transportation company’s stock valued at $107,000 after buying an additional 100 shares during the period. Parkside Financial Bank & Trust increased its position in United Parcel Service by 17.3% in the first quarter. Parkside Financial Bank & Trust now owns 1,087 shares of the transportation company’s stock valued at $116,000 after buying an additional 160 shares during the period. Security National Trust Co. increased its position in United Parcel Service by 8.9% in the first quarter. Security National Trust Co. now owns 1,244 shares of the transportation company’s stock valued at $134,000 after buying an additional 102 shares during the period. Finally, Financial Architects Inc increased its position in United Parcel Service by 14.3% in the first quarter. Financial Architects Inc now owns 1,301 shares of the transportation company’s stock valued at $140,000 after buying an additional 163 shares during the period. Institutional investors and hedge funds own 53.10% of the company’s stock.

United Parcel Service, Inc. (NYSE UPS) traded up 0.19% during midday trading on Thursday, reaching $111.79. 313,728 shares of the company traded hands. United Parcel Service, Inc. has a 12-month low of $102.12 and a 12-month high of $120.44. The company has a market cap of $96.81 billion, a price-to-earnings ratio of 27.49 and a beta of 0.88. The company has a 50-day moving average price of $110.96 and a 200-day moving average price of $108.07.

United Parcel Service (NYSE:UPS) last issued its earnings results on Thursday, July 27th. The transportation company reported $1.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.12. United Parcel Service had a return on equity of 417.18% and a net margin of 5.68%. The firm had revenue of $15.75 billion for the quarter, compared to analysts’ expectations of $15.49 billion. During the same quarter last year, the business earned $1.43 earnings per share. The company’s revenue was up 7.7% compared to the same quarter last year. On average, analysts predict that United Parcel Service, Inc. will post $6.01 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Monday, August 14th will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 2.95%. The ex-dividend date is Thursday, August 10th. United Parcel Service’s dividend payout ratio (DPR) is presently 81.57%.

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UPS has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of United Parcel Service from a “hold” rating to a “sell” rating in a report on Monday, July 17th. BidaskClub downgraded shares of United Parcel Service from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Citigroup Inc. raised shares of United Parcel Service from a “neutral” rating to a “buy” rating and raised their target price for the stock from $115.00 to $128.00 in a research report on Tuesday. Cowen and Company reissued a “hold” rating on shares of United Parcel Service in a research report on Wednesday, July 19th. Finally, Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $116.00 target price on shares of United Parcel Service in a research report on Friday, May 19th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $114.79.

In other news, SVP Kathleen M. Gutmann sold 2,000 shares of United Parcel Service stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $107.49, for a total transaction of $214,980.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider James J. Barber sold 3,556 shares of United Parcel Service stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $110.85, for a total value of $394,182.60. The disclosure for this sale can be found here. Insiders own 0.59% of the company’s stock.

About United Parcel Service

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.

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

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