#3 - UPS (NYSE:UPS)
United Parcel Service Inc. (NYSE: UPS) was the canary in the coal mine when it came to consumer sentiment. The package delivery giant’s stock is down 24% in the last 12 months and 16% in 2024 as it continues to forecast lighter volume.
UPS has been instituting cost-cutting measures to improve its bottom line, which is keeping its earnings per share (EPS) above forecast but down year-over-year.
That issue will take care of itself with higher consumer demand. As will the company’s debt, which is higher than it was 10 years ago at a time when it is costing the company more to service that debt.
Through it all, however, UPS has continued to reward investors with a high-yield dividend. That yield is currently 4.78%, with an annual payout of $6.52 per share - not a bad benefit to enjoy today as you wait for the stock price to get a lift from lower interest rates.
About United Parcel Service
United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.
Read More - Current Price
- $136.35
- Consensus Rating
- Hold
- Ratings Breakdown
- 10 Buy Ratings, 12 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $164.55 (20.7% Upside)
