UPS Was Down Today. What Is Up?

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.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.