Kimberly-Clark, Comcast Report Mixed Results; UPS Shows Resilience as S&P 500 Hits New Highs
Kimberly-Clark and Comcast have reported mixed results in their recent financial performances, while UPS has shown resilience despite global challenges. Meanwhile, the stock market continues its upward trajectory.
Kimberly-Clark, a consumer goods giant, saw its quarterly revenue dip by 2% year over year. However, the company's organic growth rate was positive, nearing 4%. This suggests that the company's core business remains strong despite the revenue decline. Kimberly-Clark, a Dividend King, has increased its dividend for 53 consecutive years and currently yields nearly 4.1%. Its payout ratio of 68% indicates no immediate dividend risks.
Comcast's shares have fallen by around 16% this year, trading at a P/E multiple of just 5. The company offers a dividend of 4.2%, which, while not as high as UPS, is still attractive compared to the stock market average of 1.2%.
UPS, a global logistics company, has seen its stock price fall by more than 30% this year due to concerns about tariffs and potential trade wars. Despite this, UPS' revenue for the first six months of the year totaled $42.8 billion, down less than 2% from the same period last year. UPS pays a high dividend of 7.8%, significantly higher than the stock market average. Its diluted earnings per share (EPS) in the first half of the year was $2.91, and its free cash flow over the trailing 12 months was $3.5 billion. UPS' stock trades at a P/E multiple of less than 13, which may present an opportunity for investors.
The stock market has risen by 14% year to date (as of Sept. 22) and hit new highs, demonstrating the overall strength of the U.S. market, with opportunities for investors to find value in specific stocks.
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