Amazon's prepping its own delivery service, report says

Amazon's prepping its own delivery service, report says

It improved, as 49 investors sold FDX shares while 378 reduced holdings.

It's hard to know how this will affect UPS and FedEx, though the latter suggested Amazon was no more than 3 percent of its business by revenue in a recent earnings call. Wilkins Investment Counsel Inc sold 14,396 shares as the company's stock declined 7.81% while stock markets rallied. Alexandria Capital LLC lifted its position in shares of FedEx Corporation by 2.5% during the second quarter. Vanguard Group Inc. boosted its stake in shares of FedEx by 2.7% in the second quarter. Harvey Capital Management Inc sold 10,050 shares as the company's stock declined 6.13% while stock markets rallied. Prudential PLC boosted its position in shares of FedEx by 25.8% during the 2nd quarter. Jennison Associates LLC now owns 3,687,689 shares of the shipping service provider's stock valued at $920,226,000 after buying an additional 1,185,447 shares in the last quarter. Sandy Spring Bank now owns 3,241 shares of the shipping service provider's stock valued at $705,000 after buying an additional 147 shares during the last quarter. The institutional investor held 35,000 shares of the industrial specialties company at the end of 2017Q3, valued at $31.50 million, up from 30,000 at the end of the previous reported quarter.

FDX has been the topic of several recent analyst reports.

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"Amazon is planning to undercut UPS and FedEx on pricing, although the exact rate structure is still unclear", the Journal reported. BMO Capital Markets restated a "buy" rating and set a $300.00 price objective on shares of FedEx in a research report on Monday, January 8th. Loop Capital increased their price objective on FedEx to $318.00 in a research report on Thursday, January 4th. UBS downgraded FedEx Corporation (NYSE:FDX) on Friday, September 15 to "Neutral" rating.

Among 36 analysts covering CBS Corp (NYSE:CBS), 27 have Buy rating, 0 Sell and 9 Hold. They issued a "buy" rating and a $270.00 price target on the stock. FedEx Corporation has a 12-month low of $158.20 and a 12-month high of $219.99. Subramaniam Rajesh sold $1.48M worth of FedEx Corporation (NYSE:FDX) on Thursday, September 21. The firm has a market capitalization of $72,730.00, a PE ratio of 24.95, a price-to-earnings-growth ratio of 1.62 and a beta of 1.36.

FedEx (NYSE:FDX) last issued its earnings results on Tuesday, December 19th. The shipping service provider reported $4.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.88 by $0.37. The firm had revenue of $15.70 billion during the quarter, compared to analyst estimates of $15.56 billion. FedEx Corporation had a return on equity of 22.19% and a net margin of 4.97%. BRONCZEK DAVID J had sold 46,555 shares worth $11.89M. The shares were sold at an average price of $255.49, for a total transaction of $11,894,336.95. Following the transaction, the director now owns 16,040 shares in the company, valued at $4,267,442. The stock was sold at an average price of $266.05, for a total value of $802,406.80. Following the sale, the chief operating officer now owns 48,562 shares of the company's stock, valued at approximately $12,407,105.38. The disclosure for this sale can be found here. Insiders sold 53,541 shares of company stock worth $13,692,142 in the last quarter. Insiders own 8.45% of the company's stock. Wisconsin-based Mason Street Advisors Ltd Llc has invested 0.19% in FedEx Corporation (NYSE:FDX). "(FDX)" was originally published by Registrar Journal and is the sole property of of Registrar Journal. The correct version of this story can be accessed at Sfe Investment Counsel who had been investing in Fedex Corp for a number of months, seems to be bullish on the $63.49 billion market cap company. The Company's segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.

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