UPS, FedEx fall on report Amazon taking delivery in house

UPS, FedEx fall on report Amazon taking delivery in house

(NYSE:FDX) by 4.0% in the 4th quarter, reports. Sirios Capital Management L P now owns 589,149 shares of the shipping service provider's stock valued at $132,901,000 after buying an additional 64,637 shares during the period. However, it will be initially restricted to companies selling goods on Amazon's own marketplace. Krilogy Financial LLC raised its holdings in shares of FedEx by 0.4% in the 2nd quarter. Cribstone Capital Management LLC now owns 489 shares of the shipping service provider's stock worth $107,000 after purchasing an additional 6 shares in the last quarter. It also reduced its holding in J.P. Morgan Chase (NYSE:JPM) by 54,530 shares in the quarter, leaving it with 504,641 shares, and cut its stake in Nestle Spons Adr (NSRGY). Amazon shares were little changed. The institutional investor owned 28,659 shares of the shipping service provider's stock after acquiring an additional 571 shares during the quarter. Subramaniam Rajesh sold $1.48M worth of FedEx Corporation (NYSE:FDX) on Thursday, September 21. Insiders have sold 53,541 shares of company stock valued at $13,692,142 over the last quarter. The correct version of this story can be accessed at The stock decreased 2.98% or $7.13 during the last trading session, reaching $232.14. Amazon accounts for less than 10 percent of total revenue for UPS and 4 percent of revenue for FedEx, according to Wolfe Research analyst Scott Group. The stock has a market capitalization of $67,280.47, a P/E ratio of 20.43, a PEG ratio of 1.47 and a beta of 1.30. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.57 and a quick ratio of 1.50.

FedEx Co. has a one year low of $182.89 and a one year high of $274.66. During the same period in the previous year, the company posted $2.80 earnings per share. The business had revenue of $16.30 billion for the quarter, compared to analysts' expectations of $15.67 billion. The shipping service provider reported $3.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $0.29.

Walmart announced in November 2017 that it acquired Parcel, a same-day delivery startup, in an apparent attempt to keep pace with Amazon's growing infrastructural power while vamping up its own services.

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An earlier report on Amazon's plan "demonstrates a lack of basic understanding of the full scale of the global transportation industry", FedEx spokesman Patrick Fitzgerald said. Stephens set a $306.00 price target on FedEx and gave the stock a "buy" rating in a report on Wednesday, December 20th.

Among 37 analysts covering FedEx (NYSE:FDX), 24 have Buy rating, 1 Sell and 12 Hold. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. Stifel Nicolaus maintained the stock with "Buy" rating in Thursday, June 2 report.

FedEx shares fell 4.1% before the opening bell on the stock market today.