Jim Cramer Says United Parcel Service (UPS) is a Great Dividend Stock

We recently published Jim Cramer Discussed Trump, CEOs & These 10 Stocks.  United Parcel Service, Inc. (NYSE:UPS) is one of the stocks Jim Cramer discussed.

Logistics giant United Parcel Service, Inc. (NYSE:UPS)’s shares are down by 21% over the past year and are up by 4% year-to-date. Evercore ISI raised the firm’s share price target to $113 from $94 and kept an In Line rating in January. The financial firm pointed out that United Parcel Service, Inc. (NYSE:UPS) was experiencing macroeconomic uncertainty but could see stable earnings performance. Earlier in the month, JPMorgan had raised the firm’s share price target to $99 from $97 and kept a Neutral rating. It outlined that the logistics company could suffer from lower rates in the coming months. More recently, Bernstein raised United Parcel Service, Inc. (NYSE:UPS)’s share price target to $128 from $125 and kept an Outperform rating on the shares. It pointed out that the retailer’s margins appeared to be improving despite dipping volumes due to a de-linking with Amazon. The shares are 2.3% lower since the firm reported its earnings. Cramer commented on the results in a tweet as he outlined:

“Big short squeeze coming UPS on sharply better than expected numbers”

Leonard Zhukovsky / Shutterstock.com

The CNBC TV host then proceeded to praise United Parcel Service, Inc. (NYSE:UPS)’s dividend:

“UPS and KMB together part of a safe dividend portfolio”

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Disclosure: None. This article is originally published at Insider Monkey.