Published: Fri, February 09, 2018
Science | By Hubert Green

Amazon to Roll Out UPS-Like Delivery Service

Amazon to Roll Out UPS-Like Delivery Service

FDX has been the topic of several recent analyst reports. Northland Capital maintained the shares of EW in report on Thursday, July 27 with "Buy" rating. Goldman Sachs Group began coverage on FedEx in a research note on Monday, November 13th. The stock presently has an average rating of "Buy" and an average target price of $273.12. They noted that the move was a valuation call.

Among 37 analysts covering FedEx (NYSE:FDX), 24 have Buy rating, 1 Sell and 12 Hold. They set a "buy" rating and a $270.00 price objective for the company.

In other news, Director Kim Jabal sold 5,918 shares of the firm's stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $225.55, for a total transaction of $897,689.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Robert B. Carter sold 3,970 shares of FedEx stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $216.05, for a total value of $1,278,583.90. The hedge fund run by John Shapiro held 2.83M shares of the broadcasting company at the end of 2017Q3, valued at $163.87 million, down from 2.93 million at the end of the previous reported quarter. The disclosure for this sale can be found here. Insiders have sold 53,541 shares of company stock valued at $13,692,142 over the last quarter. The insider Ambrosio Anthony G sold 8,167 shares worth $538,673. It improved, as 49 investors sold FDX shares while 378 reduced holdings. Krilogy Financial LLC lifted its holdings in shares of FedEx by 0.4% in the 2nd quarter. Finally, Sirios Capital Management L P boosted its position in shares of FedEx by 12.3% during the 3rd quarter.

Amazon sees an opportunity to build its delivery business by pricing its services under industry leaders FedEx and UPS, the Journal says. Inc. lifted its position in shares of FedEx Corporation by 163.0% during the second quarter. Financial Engines Advisors L.L.C. purchased a new stake in shares of FedEx in the 3rd quarter valued at about $132,000. Alexandria Capital LLC now owns 540 shares of the shipping service provider's stock worth $117,000 after purchasing an additional 13 shares in the last quarter. Cobblestone Capital Advisors Llc bought 510 shares as the company's stock declined 1.12% while stock markets rallied.

Shares of FedEx (FDX) recovered some premarket losses and were off 0.6% in early trading. 1,378,084 shares of the company traded hands, compared to its average volume of 1,900,000. The stock has a market cap of $64,100.00, a price-to-earnings ratio of 21.99, a PEG ratio of 1.47 and a beta of 1.30.

FedEx Co. has a one year low of $182.89 and a one year high of $274.66. The company has a current ratio of 1.57, a quick ratio of 1.50 and a debt-to-equity ratio of 0.89. The firm earned "Buy" rating on Tuesday, January 9 by UBS. Stockholders of record on Monday, September 11th will be paid a $0.50 dividend. The ex-dividend date was Friday, December 8th. Kornitzer Capital Mgmt Ks holds 0.14% of its portfolio in FedEx Corporation (NYSE:FDX) for 35,527 shares.

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It is unclear if the service will look more like UPS or FedEx with uniformed drivers in branded trucks, or Amazon's Flex delivery program with independent contractors using their vehicles to drop off packages. Later, the service would be expanded to include businesses not on Amazon's site.

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