During the last session, United Parcel Service, Inc. (NYSE:UPS)’s traded shares were 3.37 million, with the beta value of the company hitting 1.05. At the end of the trading day, the stock’s price was $151.36, reflecting an intraday gain of 0.91% or $1.36. The 52-week high for the UPS share is $197.80, that puts it down -30.68 from that peak though still a striking 11.68% gain since the share price plummeted to a 52-week low of $133.68. The company’s market capitalization is $129.06B, and the average intraday trading volume over the past 10 days was 6.06 million shares, and the average trade volume was 4.48 million shares over the past three months.
United Parcel Service, Inc. (NYSE:UPS) trade information
United Parcel Service, Inc. (UPS) registered a 0.91% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.91% in intraday trading to $151.36, hitting a weekly high. The stock’s 5-day price performance is 1.84%, and it has moved by -0.78% in 30 days. Based on these gigs, the overall price performance for the year is -20.59%. The short interest in United Parcel Service, Inc. (NYSE:UPS) is 12.41 million shares and it means that shorts have 3.3 day(s) to cover.
United Parcel Service, Inc. (UPS) estimates and forecasts
Statistics show that United Parcel Service, Inc. has outperformed its competitors in share price, compared to the industry in which it operates. United Parcel Service, Inc. (UPS) shares have gone down -1.54% during the last six months, with a year-to-date growth rate more than the industry average at -6.15% against -7.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -38.20% this quarter and then drop -19.70% in the quarter after that. In the rating firms’ projections, revenue will increase 2.40% compared to the previous financial year.
Revenue for the current quarter is expected to be $21.93 billion as predicted by 16 analyst(s). Meanwhile, a consensus of 15 analyst(s) estimates revenue growth to $22.32 billion by the end of Jun 2024.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 7.20%. While earnings are projected to return -7.11% in 2024, the next five years will return 10.22% per annum.
UPS Dividends
United Parcel Service, Inc. is due to release its next quarterly earnings on April 23. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for United Parcel Service, Inc. is 6.49, with the dividend yield indicating at 4.29 percent, continuing the trend of increasing dividends in recent years.
United Parcel Service, Inc. (NYSE:UPS)’s Major holders
United Parcel Service, Inc. insiders own 0.01% of total outstanding shares while institutional holders control 72.25%, with the float percentage being 72.26%. Vanguard Group Inc is the largest shareholder of the company, while 2,784 institutions own stock in it. As of Jun 29, 2023, the company held over 67.0 million shares (or 9.26% of all shares), a total value of $12.01 billion in shares.
The next largest institutional holding, with 54.27 million shares, is of Blackrock Inc.’s that is approximately 7.50% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $9.73 billion.
Also, the Mutual Funds coming in first place with the largest holdings of United Parcel Service, Inc. (UPS) shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. Data provided on Jun 29, 2023 indicates that Vanguard Total Stock Market Index Fund owns about 22.6 million shares. This amounts to just over 3.13 percent of the company’s overall shares, with a $4.05 billion market value. The same data shows that the other fund manager holds slightly less at 17.26 million, or about 2.39% of the stock, which is worth about $3.09 billion.
