The Vanguard Group, Inc. has recently announced that it has increased stake in United Parcel Service, Inc. (NYSE:UPS) by 0.01%. After grabbing 63.91 million shares, the institutional investor is now in possession of 5609.0 shares of the Industrials Company. The new investment brought the stake of investor firm to 8.84% having worth around $9.69 billion. Moreover, BlackRock Fund Advisors increased its share by 0.2 million to have a control over 35.06 million shares. And Charles Schwab Investment Managem raised its holdings to 0.63 million shares by acquiring 15.89 million shares or 2.20% of the stake.
United Parcel Service, Inc. (UPS) concluded trading on December 20, 2023 at a closing price of $156.96, with 5.51 million shares of worth about $864.52 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -8.41% during that period and On Wednesday the price saw a loss of about -2.88%. Currently the company’s common shares owned by public are about 724.80M shares, out of which, 723.05M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 61 times over the past 12 months. They bought 624,348 shares in 27 of the transactions. In 34 selling transactions, insiders dumped 504,728 shares.
Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and Schwab US Dividend Equity ETF are the top 3 mutual funds which are holding stakes in United Parcel Service, Inc. Vanguard Total Stock Market ETF is currently holding 22.63 million shares of worth totaling $3.43 billion. The company recently came buying 92272.0 shares which brought its stake up to 3.13% of the company’s outstanding shares. Vanguard 500 Index Fund bought 85059.0 shares, after which its hold over company’s outstanding shares expand to 2.42%, leaving 17.47 million shares with the mutual fund that have a worth of about $2.65 billion. Schwab US Dividend Equity ETF, after selling 11.56 million shares, have now control over 1.60% of the stake in the company. It holds 87456.0 shares of worth $1.75 billion.
However, the stock later moved at a day high price of 160.54, or with a loss of -2.88%. Stock saw a price change of -0.18% in past 5 days and over the past one month there was a price change of 4.94%. Year-to-date (YTD), UPS shares are showing a performance of -9.71% which decreased to -12.03% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $133.68 but also hit the highest price of $197.80 during that period. The average intraday trading volume for United Parcel Service, Inc. shares is 3.70 million. The stock is currently trading 1.04% above its 20-day simple moving average (SMA20), while that difference is up 4.65% for SMA50 and it goes to -7.24% lower than SMA200.
The Vanguard Group, Inc. acquired 63.91 million shares of United Parcel Service, Inc. having value of about $9.69 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 5609.0 shares in the company valued at close to $880388.64, or have control over 0.01% stake in the company. United Parcel Service, Inc. (NYSE: UPS) currently have 724.80M outstanding shares and institutions hold larger chunk of about 60.24% of that. Holding of mutual funds in the company is about 33.26% while other institutional holders and individual stake holders have control over 37.90% and 0.15% of the stake respectively.
The stock has a current market capitalization of $133.72B and its 3Y-monthly beta is at 1.06. PE ratio of stock for trailing 12 months is 15.88, while it has posted earnings per share of $9.89 in the same period. It has Quick Ratio of 1.22 while making debt-to-equity ratio of 1.33. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for UPS, volatility over the week remained 2.13% while standing at 1.57% over the month.
Analysts are in expectations that United Parcel Service, Inc. (UPS) stock would likely to be making an EPS of $2.5 in the current quarter, while forecast for next quarter EPS is $1.97 and it is $9.7 for next year. For the current quarter EPS, analysts have given the company a lowest target $2.3 which is $2.69 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $3.62 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -31.89% while it is estimated to increase by 9.02% in next year. EPS is likely to shrink at an annualized rate of -4.75% for next 5-years, compared to annual growth of 18.66% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by HSBC Securities on September 29, 2023 offering a Hold rating for the stock and assigned a target price of $170 to it.
