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”

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”

While we acknowledge the potential of UPS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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