This afternoon we watched United Parcel Service drop -7.5% to a price of $144.82 per share. The Large-Cap Integrated Freight & Logistics company is now trading -8.55% below its average target price of $158.36. Analysts have set target prices ranging from $95.0 to $210.0 per share for United Parcel Service, and have given the stock an average rating of buy.
The stock has a very low short interest at 1.5%, and a short ratio of 2.28. At 0.01%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation. Finally, we also note that an average number of institutional investors are invested in the stock, with 72.2% of United Parcel Service's shares being owned by this investor type.
Institutions Invested in United Parcel Service
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-12-31 | Vanguard Group Inc | 9% | 67,218,714 | $9,734,950,049 |
| 2023-12-31 | Blackrock Inc. | 7% | 54,284,779 | $7,861,792,953 |
| 2023-12-31 | State Street Corporation | 4% | 28,198,202 | $4,083,804,518 |
| 2023-12-31 | JP Morgan Chase & Company | 4% | 25,495,801 | $3,692,429,302 |
| 2023-12-31 | Wellington Management Group, LLP | 2% | 18,152,900 | $2,628,993,687 |
| 2023-12-31 | Charles Schwab Investment Management, Inc. | 2% | 15,829,304 | $2,292,478,903 |
| 2023-12-31 | Geode Capital Management, LLC | 2% | 14,139,812 | $2,047,798,229 |
| 2023-12-31 | Bank of America Corporation | 2% | 12,837,770 | $1,859,230,001 |
| 2023-12-31 | FMR, LLC | 1% | 9,695,440 | $1,404,142,068 |
| 2023-12-31 | Franklin Resources, Inc. | 1% | 9,607,055 | $1,391,341,711 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on United Parcel Service.
