BlackRock Amends UPS Stake, Maintains Significant Position
Ticker: UPS · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 1090727
| Field | Detail |
|---|---|
| Company | United Parcel Service Inc (UPS) |
| Form Type | SC 13G/A |
| Filed Date | Jan 26, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still owns a big chunk of UPS, signaling institutional confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 26, 2024, disclosing its ownership of UNITED PARCEL SERVICE INC Class B Common Stock as of December 31, 2023. This filing indicates that BlackRock, a major institutional investor, continues to hold a significant stake in UPS. This matters to investors because large institutional holdings like BlackRock's can signal confidence in the company's long-term prospects and provide a degree of stability to the stock.
Why It Matters
This filing confirms BlackRock's continued substantial investment in UPS, which can be seen as a vote of confidence from a major institutional player. Such large holdings can influence market perception and stock stability.
Risk Assessment
Risk Level: low — This filing is routine and indicates stable institutional ownership, posing minimal immediate risk to investors.
Analyst Insight
Investors should note BlackRock's continued presence as a significant shareholder, which suggests institutional confidence in UPS. While this filing doesn't indicate a change in strategy, it reinforces the stability of major institutional ownership.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- UNITED PARCEL SERVICE INC (company) — the subject company whose Class B Common Stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 26, 2024 (date) — the filing date of the SC 13G/A amendment
FAQ
What type of stock does BlackRock Inc. hold in UNITED PARCEL SERVICE INC?
BlackRock Inc. holds Class B Common Stock of UNITED PARCEL SERVICE INC, as stated in the 'Title of Class of Securities' section of the filing.
When was the event date that triggered this SC 13G/A filing by BlackRock Inc.?
The event date which required the filing of this statement was December 31, 2023, according to the 'Date of Event Which Requires Filing of this Statement' section.
What is the CUSIP number associated with UNITED PARCEL SERVICE INC's Class B Common Stock mentioned in this filing?
The CUSIP number for UNITED PARCEL SERVICE INC's Class B Common Stock is 911312106, as listed in the filing.
Under which rule of the Securities Exchange Act of 1934 was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, indicated by the 'X' in the appropriate box.
What is the accession number for this specific SC 13G/A filing?
The accession number for this filing is 0001086364-24-004261, as found at the beginning of the filing document.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding UNITED PARCEL SERVICE INC (UPS).