Fedex (FDX) Holding Maintained by Wendell David Associates Inc; Apple (AAPL) Holder Sterling Investment Management Decreased Its Stake as Stock Price Declined

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Sterling Investment Management Inc decreased its stake in Apple Inc (AAPL) by 9.76% based on its latest 2018Q3 regulatory filing with the SEC. Sterling Investment Management Inc sold 2,721 shares as the company’s stock declined 22.32% with the market. The institutional investor held 25,164 shares of the computer manufacturing company at the end of 2018Q3, valued at $5.68 million, down from 27,885 at the end of the previous reported quarter. Sterling Investment Management Inc who had been investing in Apple Inc for a number of months, seems to be less bullish one the $803.53B market cap company. The stock increased 0.12% or $0.2 during the last trading session, reaching $170.41. About 23.82M shares traded. Apple Inc. (NASDAQ:AAPL) has risen 0.17% since February 10, 2018 and is uptrending. It has outperformed by 0.17% the S&P500. Some Historical AAPL News: 16/05/2018 – FP Tech Desk: Microsoft planning low-cost Surface tablet line to take on iPad; 24/05/2018 – iDrop News: Apple Partners with Volkswagen to Create Autonomous Electric Vans; 08/03/2018 – Apple finds more serious supplier problems as its audits expand; 04/05/2018 – Apple is one of the few tech companies that fits Warren Buffet’s investment model; 01/05/2018 – APPLE 2Q IPHONE UNITS SOLD 52.2M, EST. 52.3M; 16/05/2018 – TechCentral.co.z: Microsoft readying new tablet to take on Apple’s iPad; 27/03/2018 – APPLE: NEW IPAD GOES ON SALE TODAY, IN STORES THIS WEEK; 26/04/2018 – Apple is no longer among the top 4 smartphone brands in China; 16/05/2018 – Separately, The Washington Post reported on Wednesday that Virginia Gov. Ralph Northam has also floated areas near Washington D.C., like Crystal City and Tysons, as locales for Apple; 27/03/2018 – China’s Huawei see Europe as stepping stone in Samsung/Apple rivalry

Wendell David Associates Inc increased its stake in Fedex (FDX) by 15.72% based on its latest 2018Q3 regulatory filing with the SEC. Wendell David Associates Inc bought 2,210 shares as the company’s stock declined 22.66% with the market. The institutional investor held 16,269 shares of the air freight and delivery services company at the end of 2018Q3, valued at $3.92 million, up from 14,059 at the end of the previous reported quarter. Wendell David Associates Inc who had been investing in Fedex for a number of months, seems to be bullish on the $46.27 billion market cap company. The stock decreased 2.28% or $4.13 during the last trading session, reaching $177.24. About 2.46 million shares traded. FedEx Corporation (NYSE:FDX) has declined 19.38% since February 10, 2018 and is downtrending. It has underperformed by 19.38% the S&P500. Some Historical FDX News: 16/04/2018 – FEDEX FREIGHT PRESIDENT & CEO MICHAEL L. DUCKER TO RETIRE AUG; 26/03/2018 – FedEx Reserves 20 Tesla Semi Electric Trucks; 14/03/2018 – FEDEX SEES $1B INVESTMENT IN MEMPHIS AIR HUB OVER 6 YEARS; 20/03/2018 – FEDEX 3Q ADJ EPS $3.72, EST. $3.11; 09/05/2018 – Alphabet, Intel, FedEx, AT&T among drone pilot winners -universities; 20/03/2018 – Globalnews.ca: BREAKING: Police confirm one injured after package explodes at a FedEx distribution centre in Texas. READ MORE:; 20/03/2018 – FedEx earnings beat: $3.72 per share, vs expected EPS of $3.11; 20/03/2018 – Fifth package bomb strikes Texas, at FedEx facility near San Antonio; 20/03/2018 – Texas Bombs Show FedEx, UPS Face Tough Task Preventing Attacks; 09/03/2018 – Napa Vlley Rgstr: Napa purveyor of heirloom beans drops FedEx due to its NRA ties

Among 38 analysts covering FedEx (NYSE:FDX), 25 have Buy rating, 1 Sell and 12 Hold. Therefore 66% are positive. FedEx has $315 highest and $15.50 lowest target. $227.83’s average target is 28.54% above currents $177.24 stock price. FedEx had 137 analyst reports since August 14, 2015 according to SRatingsIntel. The firm earned “Sell” rating on Monday, September 7 by Zacks. As per Wednesday, September 20, the company rating was maintained by Stifel Nicolaus. The firm earned “Neutral” rating on Friday, September 15 by UBS. BMO Capital Markets maintained FedEx Corporation (NYSE:FDX) on Friday, March 24 with “Outperform” rating. The stock of FedEx Corporation (NYSE:FDX) has “Hold” rating given on Tuesday, November 15 by Stifel Nicolaus. The stock of FedEx Corporation (NYSE:FDX) has “Buy” rating given on Thursday, March 17 by Citigroup. The company was maintained on Wednesday, March 21 by Susquehanna. Zacks downgraded the stock to “Hold” rating in Monday, August 24 report. Credit Suisse maintained it with “Outperform” rating and $263 target in Wednesday, December 12 report. Cowen & Co maintained FedEx Corporation (NYSE:FDX) rating on Thursday, March 23. Cowen & Co has “Outperform” rating and $240 target.

Investors sentiment increased to 1.29 in 2018 Q3. Its up 0.18, from 1.11 in 2018Q2. It is positive, as 42 investors sold FDX shares while 362 reduced holdings. 112 funds opened positions while 411 raised stakes. 183.43 million shares or 1.65% less from 186.50 million shares in 2018Q2 were reported. Tdam Usa accumulated 0.07% or 4,773 shares. Jane Street Grp Inc Llc has invested 0.06% in FedEx Corporation (NYSE:FDX). Parsec Finance Management reported 0.45% of its portfolio in FedEx Corporation (NYSE:FDX). Segall Bryant And Hamill Lc holds 159,978 shares or 0.57% of its portfolio. National Asset stated it has 0.11% in FedEx Corporation (NYSE:FDX). Lumina Fund Mngmt Ltd Liability Corporation has invested 0.46% in FedEx Corporation (NYSE:FDX). 4,633 are held by Homrich And Berg. Catalyst Capital Advisors Ltd Liability Corporation holds 1,350 shares or 0.01% of its portfolio. Clear Harbor Asset Ltd Llc invested in 0.13% or 2,913 shares. Karp Capital Mngmt invested in 0.91% or 10,972 shares. Ontario – Canada-based Sun Life Fincl has invested 0.03% in FedEx Corporation (NYSE:FDX). Sumitomo Mitsui Incorporated holds 799,844 shares. Amica Mutual Ins Company owns 7,937 shares. Heritage Invsts Mngmt Corp reported 64,316 shares. Gsa Prtn Llp, United Kingdom-based fund reported 7,046 shares.

More notable recent FedEx Corporation (NYSE:FDX) news were published by: 247Wallst.com which released: “4 Top Deutsche Bank US Transportation Stock Picks With Big 2019 Upside Potential – 24/7 Wall St.” on January 23, 2019, also Benzinga.com with their article: “(AAL), FedEx Corporation (NYSE:FDX) – Delays At LaGuardia, Newark, Philadelphia Concern Air Freight – Benzinga” published on January 25, 2019, Benzinga.com published: “FedEx Corporation (NYSE:FDX) – FedEx Worker Among Many Killed By Arctic Outbreak – Benzinga” on February 01, 2019. More interesting news about FedEx Corporation (NYSE:FDX) were released by: Benzinga.com and their article: “FedEx Corporation (NYSE:FDX), United Parcel Service, Inc. (NYSE:UPS) – Government Shutdown Takes Toll On Safety – Benzinga” published on January 25, 2019 as well as Benzinga.com‘s news article titled: “FedEx Corporation (NYSE:FDX), United Parcel Service, Inc. (NYSE:UPS) – FedEx Unit To Pay $35.3 Million To New York State To Settle Cigarette-Trafficking Charges – Benzinga” with publication date: January 15, 2019.

Since September 19, 2018, it had 2 buys, and 1 sale for $1.08 million activity. The insider EDWARDSON JOHN A sold 1,160 shares worth $281,124. On Wednesday, January 2 the insider STEINER DAVID P bought $1.14M.

Wendell David Associates Inc, which manages about $664.31M and $642.12 million US Long portfolio, decreased its stake in Colgate (NYSE:CL) by 10,045 shares to 136,468 shares, valued at $9.14M in 2018Q3, according to the filing.

Since November 19, 2018, it had 0 insider buys, and 1 sale for $647,520 activity.

Investors sentiment decreased to 0.67 in Q3 2018. Its down 0.04, from 0.71 in 2018Q2. It is negative, as 54 investors sold AAPL shares while 1030 reduced holdings. 151 funds opened positions while 577 raised stakes. 2.68 billion shares or 3.22% less from 2.77 billion shares in 2018Q2 were reported. Archon Lc accumulated 4.35% or 94,500 shares. Natixis Advisors Limited Partnership has invested 1% of its portfolio in Apple Inc. (NASDAQ:AAPL). Scott Selber owns 50,674 shares for 5.63% of their portfolio. Perkins Coie Tru holds 2.58% or 24,646 shares. Calamos Advsrs Lc reported 2.73% in Apple Inc. (NASDAQ:AAPL). Cliftonlarsonallen Wealth Advisors Ltd Liability Corp stated it has 17,930 shares or 0.38% of all its holdings. Moreover, Optimum Advsr has 4.18% invested in Apple Inc. (NASDAQ:AAPL). Utah Retirement System invested 3.93% of its portfolio in Apple Inc. (NASDAQ:AAPL). Tributary Management Limited Liability Co invested 0.27% of its portfolio in Apple Inc. (NASDAQ:AAPL). 874 are held by Beacon Advisors. Firsthand Mgmt holds 1.01% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 9,500 shares. State Board Of Administration Of Florida Retirement Systems invested in 6.54M shares or 3.75% of the stock. 30,464 are owned by Parthenon Ltd Llc. Coho Prns reported 0.01% in Apple Inc. (NASDAQ:AAPL). Wills Group Inc stated it has 5.05% of its portfolio in Apple Inc. (NASDAQ:AAPL).

Sterling Investment Management Inc, which manages about $137.69M US Long portfolio, upped its stake in Spdr S&P 500 Etf Tr (SPY) by 5,567 shares to 17,989 shares, valued at $5.23 million in 2018Q3, according to the filing. It also increased its holding in Ishares Tr (IWM) by 2,341 shares in the quarter, for a total of 12,312 shares, and has risen its stake in Vanguard Bd Index Fd Inc (BND).

Apple Inc. (NASDAQ:AAPL) Institutional Positions Chart