The Vanguard Group, Inc. has recently announced that it has increased stake in United Parcel Service Inc. (NYSE:UPS) by 0.94%. After grabbing 63.99 million shares, the institutional investor is now in possession of 0.6 million shares of the Industrials Company. The new investment brought the stake of investor firm to 8.74% having worth around $10.74 billion. Moreover, Fidelity Management & Research Co increased its share by 28067.0 to have a control over 16.78 million shares. And JPMorgan Investment Management, I raised its holdings to 0.38 million shares by acquiring 13.45 million shares or 1.84% of the stake.
United Parcel Service Inc. (UPS) concluded trading on 11/30/22 at a closing price of $189.73, with 7.15 million shares of worth about $1.36 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 5.27% during that period and on Wednesday the price saw a gain of about 2.62%. Currently the company’s common shares owned by public are about 867.00M shares, out of which, 729.73M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 30 analysts are covering the UPS stock and their offered price forecasts bring an average price target of $192.21. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $251.00 and could fall to a lowest price of $100.00. The stock’s current price level is 1.13% above of average price target set by the analysts, while a rise to estimated low would result in loss of -89.73% for the stock. However, touching the estimated high of $251.00 would mean a gain of 24.41% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 63 times over the past 12 months. They bought 295,705 shares in 28 of the transactions. In 35 selling transactions, insiders dumped 279,136 shares.
Vanguard Total Stock Market Index, Vanguard 500 Index Fund, and SPDR S&P 500 ETF Trust are the top 3 mutual funds which are holding stakes in United Parcel Service Inc. Vanguard Total Stock Market Index is currently holding 21.96 million shares of worth totaling $3.68 billion. The company recently came buying 0.1 million shares which brought its stake up to 3.00% of the company’s outstanding shares. Vanguard 500 Index Fund bought 0.16 million shares, after which its hold over company’s outstanding shares expand to 2.29%, leaving 16.75 million shares with the mutual fund that have a worth of about $2.81 billion. SPDR S&P 500 ETF Trust, after selling 8.24 million shares, have now control over 1.13% of the stake in the company. It holds 97230.0 shares of worth $1.38 billion.
United Parcel Service Inc. (NYSE: UPS) started trading at $184.75, below -$0.14 from concluding price of the previous day. However, the stock later moved at a day high price of 189.73, or with a gain of 2.62%. Stock saw a price change of 3.83% in past 5 days and over the past one month there was a price change of 13.09%. Year-to-date (YTD), UPS shares are showing a performance of -11.48% which decreased to -4.36% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $154.87 but also hit the highest price of $233.72 during that period. The average intraday trading volume for United Parcel Service Inc. shares is 3.12 million. The stock is currently trading 8.45% above its 20-day simple moving average (SMA20), while that difference is up 12.15% for SMA50 and it goes to 1.50% higher than SMA200.
The Vanguard Group, Inc. acquired 63.99 million shares of United Parcel Service Inc. having value of about $10.74 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.6 million shares in the company valued at close to $113168822.29, or have control over 0.94% stake in the company. United Parcel Service Inc. (NYSE: UPS) currently have 867.00M outstanding shares and institutions hold larger chunk of about 72.60% of that. Holding of mutual funds in the company is about 32.64% while other institutional holders and individual stake holders have control over 39.11% and 0.14% of the stake respectively.
The stock has a current market capitalization of $164.01B and its 3Y-monthly beta is at 1.10. PE ratio of stock for trailing 12 months is 14.85, while it has posted earnings per share of $12.77 in the same period. Its PEG reads 3.00 and has Quick Ratio of 1.40 while making debt-to-equity ratio of 1.20. 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 1.70% while standing at 2.35% over the month.
Analysts are in expectations that United Parcel Service Inc. (UPS) stock would likely to be making an EPS of $3.61 in the current quarter, while forecast for next quarter EPS is $2.86 and it is $12.37 for next year. For the current quarter EPS, analysts have given the company a lowest target $3.48 which is $3.67 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 $3.59 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 852.10% while it is estimated to decrease by -5.04% in next year. EPS is likely to shrink at an annualized rate of 4.96% for next 5-years, compared to annual growth of 30.60% made by the stock over the past 5-years.
Analysts at 30 brokerage firms have issued recommendations for the United Parcel Service Inc. (UPS)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.40. Out of those 30 Wall Street analysts, 14 recommended a “Buy” rating, while 11 were in favor recommending the stock as a “Hold” and 3 analyst recommended the stock as “Sell”.
Coverage by Deutsche Bank stated United Parcel Service Inc. (UPS) stock as a Buy in their note to investors on November 29, 2022, suggesting a price target of $220 for the stock. On October 25, 2022, Jefferies Resumed their recommendations, while on August 22, 2022, Evercore ISI Downgrade their ratings for the stock with a price target of $214. Stock get an Outperform rating from Evercore ISI on July 12, 2022.