Fintel reports that on August 9, 2023, Barclays maintained coverage of United Parcel Service, Inc. - Class B (NYSE:UPS) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 7.40% Upside
As of August 2, 2023, the average one-year price target for United Parcel Service, Inc. - Class B is 193.91. The forecasts range from a low of 101.00 to a high of $241.50. The average price target represents an increase of 7.40% from its latest reported closing price of 180.55.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for United Parcel Service, Inc. - Class B is 101,376MM, an increase of 5.41%. The projected annual non-GAAP EPS is 12.39.
What is the Fund Sentiment?
There are 3451 funds or institutions reporting positions in United Parcel Service, Inc. - Class B. This is a decrease of 11 owner(s) or 0.32% in the last quarter. Average portfolio weight of all funds dedicated to UPS is 0.65%, an increase of 2.42%. Total shares owned by institutions decreased in the last three months by 2.89% to 582,863K shares. 
The put/call ratio of UPS is 0.92, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 22,446K shares representing 2.61% ownership of the company. In it's prior filing, the firm reported owning 22,181K shares, representing an increase of 1.18%. The firm increased its portfolio allocation in UPS by 4.27% over the last quarter.
Jpmorgan Chase holds 20,662K shares representing 2.41% ownership of the company. In it's prior filing, the firm reported owning 24,038K shares, representing a decrease of 16.34%. The firm decreased its portfolio allocation in UPS by 11.37% over the last quarter.
Bank Of America holds 17,226K shares representing 2.01% ownership of the company. In it's prior filing, the firm reported owning 16,375K shares, representing an increase of 4.94%. The firm decreased its portfolio allocation in UPS by 73.00% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 17,030K shares representing 1.98% ownership of the company. In it's prior filing, the firm reported owning 16,871K shares, representing an increase of 0.93%. The firm increased its portfolio allocation in UPS by 4.46% over the last quarter.
Charles Schwab Investment Management holds 14,944K shares representing 1.74% ownership of the company. In it's prior filing, the firm reported owning 4,809K shares, representing an increase of 67.82%. The firm increased its portfolio allocation in UPS by 190.96% over the last quarter.
United Parcel Service Background Information
(This description is provided by the company.)
UPS, one of the world's largest package delivery companies with 2019 revenue of $74 billion, provides a broad range of integrated logistics solutions for customers in more than 220 countries and territories. The company's more than 500,000 employees embrace a strategy that is simply stated and powerfully executed: Customer First. People Led. Innovation Driven. UPS is committed to being a steward of the environment and positively contributing to the communities we serve around the world. UPS also takes a strong and unwavering stance in support of diversity, equity and inclusion.
Additional reading:
- UPS RELEASES 2Q 2023 EARNINGS
- United Parcel Service, Inc. Selected Financial Data - Second Quarter
- Amended and Restated Bylaws United Parcel Service, Inc. (a Delaware corporation) May 4, 2023
- Amended and Restated Bylaws United Parcel Service, Inc. (a Delaware corporation) May 4, 2023 November 17, 2017 TABLE OF CONTENTS Page ARTICLE I. Offices 1 Section 1. Registered Office 1 Section 2. Other Offices 1 ARTICLE II. Meetings of Stockholders.
- UPS Long-Term Incentive Performance Program Amended and Restated Terms and Conditions, effective as of March 22, 2023.*
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
