UPS and FedEx Ground MD-11 Fleets
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UPS plane crash death toll rises to 13
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United Parcel Service faces weak fundamentals and dividend risks. Learn why UPS' current valuation may be unattractive for investors.
The left engine came off a doomed United Parcel Service Inc. freighter moments before it crashed in a fireball near the company’s global hub in Kentucky, killing at least 12 people.
United Parcel Service ( UPS +0.22%) has a huge 7.5% dividend yield. For reference, the S&P 500 (SNPINDEX: ^GSPC) is only offering a yield of around 1.2%. The company's dividend has been increased annually for 16 consecutive years.
NTSB official Todd Inman said "numerous" sources could have produced the sound, but it is too early in the investigation to offer further speculation.
United Parcel Service Inc. and FedEx Corp. grounded their McDonnell Douglas MD-11 aircraft fleet on Boeing Co.’s recommendation, after a crash involving the jet killed more than a dozen people in Louisville this week.
United Parcel Service is downgraded to Hold with a $106.74 price target due to ongoing market and operational challenges. Learn more about UPS stock here.
Shares of parcel delivery company UPS (NYSE:UPS) jumped 8.1% in the afternoon session after the company reported third-quarter earnings that surpassed analyst expectations. The parcel delivery company announced adjusted earnings per share of $1.
The happy hour regulars were already gathering at Stooges Bar & Grill less than two hours before tip-off at Tuesday night’s University of Kentucky men’s basketball season opener.
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Video Shows Jaw-Dropping Aftermath From UPS Plane Crash-Induced Fireball
Thursday shows the aftermath of the deadly crash of a United Parcel Service (UPS) cargo plane. The Boeing MD-11 crashed shortly after takeoff from Muhammed Ali International Airport in Louisville, Kentucky,