As Cisco Systems (CSCO) Stock Value Declined, Shareholder Nuwave Investment Management Trimmed Its Stake; Fedex (FDX) Shareholder Minneapolis Portfolio Management Group Has Increased Its Stake by $9.99 Million

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Nuwave Investment Management Llc decreased its stake in Cisco Systems (CSCO) by 98.17% based on its latest 2018Q3 regulatory filing with the SEC. Nuwave Investment Management Llc sold 20,922 shares as the company’s stock declined 0.45% with the market. The hedge fund held 389 shares of the technology company at the end of 2018Q3, valued at $19,000, down from 21,311 at the end of the previous reported quarter. Nuwave Investment Management Llc who had been investing in Cisco Systems for a number of months, seems to be less bullish one the $194.41 billion market cap company. The stock decreased 0.18% or $0.08 during the last trading session, reaching $43.24. About 8,782 shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 25.29% since January 11, 2018 and is uptrending. It has outperformed by 25.29% the S&P500. Some Historical CSCO News: 03/05/2018 – Vyopta Expands Analytics for Cisco Webex; 23/03/2018 – Goldman Sachs has added Cisco Systems to its conviction list, predicting “significant” returns as the networking company embarks on share repurchasing; 17/05/2018 – Tech Down After Cisco Outlook — Tech Roundup; 12/04/2018 – Cisco Board Size Increases to 12; 17/05/2018 – Cisco Slides After Forecasts Fall Short of Most Optimistic Views; 29/03/2018 – Exclusive: AT&T Develops Networking Switch, in Blow to Cisco; 16/05/2018 – Cisco beat estimates on earnings and revenue, with guidance in line; 12/04/2018 – Cisco and ISARA Collaborate on a Proof of Concept of the World’s First Digital Certificate Compatible with Both Classic and; 22/05/2018 – Lumos Data Centers Launches Suite of laaS Solutions; 19/03/2018 – Tengler’s top picks include Cisco, Oracle, J.P. Morgan and FedEx

Minneapolis Portfolio Management Group Llc increased its stake in Fedex Corp (FDX) by 27.63% based on its latest 2018Q3 regulatory filing with the SEC. Minneapolis Portfolio Management Group Llc bought 41,609 shares as the company’s stock declined 22.66% with the market. The institutional investor held 192,229 shares of the air freight and delivery services company at the end of 2018Q3, valued at $46.29 million, up from 150,620 at the end of the previous reported quarter. Minneapolis Portfolio Management Group Llc who had been investing in Fedex Corp for a number of months, seems to be bullish on the $44.41 billion market cap company. The stock decreased 0.28% or $0.47 during the last trading session, reaching $170.12. About 1.96 million shares traded. FedEx Corporation (NYSE:FDX) has declined 19.38% since January 11, 2018 and is downtrending. It has underperformed by 19.38% the S&P500. Some Historical FDX News: 12/03/2018 – FEDEX CORP – GRIFFITH CURRENTLY SERVES AS PRESIDENT & CEO & DIRECTOR OF PROGRESSIVE CORPORATION; 20/03/2018 – FEDEX RESPONDS TO INCIDENTS IN TEXAS; 20/03/2018 – FEDEX CORP FDX.N – PROVIDED LAW ENFORCEMENT RESPONSIBLE FOR THIS INVESTIGATION EXTENSIVE EVIDENCE RELATED TO THESE PACKAGES; 20/03/2018 – FBI: NO REPORTED INJURIES AT FEDEX FACILITY IN SHERTZ, TEXAS; 21/03/2018 – FedEx Pinched by Retail Shift During Holidays; 20/03/2018 – FedEx Raises Profit Outlook on Tax Gains, Holiday Shipping Boost; 20/03/2018 – FDX SEES BUYING SMALL NUMBER OF TESLA ELECTRIC VEHICLES; 20/03/2018 – KOIN News: BREAKING: Texas attorney general tells a TV station the bomb that blew up at FedEx center was mailed from Austin to; 23/04/2018 – FedEx Company Marketing Set By Stephens Inc. for Apr. 30-May. 1; 20/03/2018 – azfamily 3TV CBS 5: #BREAKING: New blast sends bombing investigators to Texas FedEx center

Among 38 analysts covering FedEx (NYSE:FDX), 25 have Buy rating, 1 Sell and 12 Hold. Therefore 66% are positive. FedEx had 137 analyst reports since August 14, 2015 according to SRatingsIntel. The rating was maintained by UBS on Friday, January 4 with “Neutral”. UBS upgraded FedEx Corporation (NYSE:FDX) on Tuesday, January 9 to “Buy” rating. The company was maintained on Thursday, September 17 by Goldman Sachs. Citigroup maintained FedEx Corporation (NYSE:FDX) rating on Thursday, March 17. Citigroup has “Buy” rating and $180 target. On Friday, September 15 the stock rating was downgraded by UBS to “Neutral”. As per Thursday, March 17, the company rating was maintained by Avondale. The rating was maintained by Morgan Stanley on Wednesday, March 21 with “Equal-Weight”. Wood maintained FedEx Corporation (NYSE:FDX) rating on Wednesday, September 2. Wood has “Market Perform” rating and $15.50 target. On Wednesday, May 16 the stock rating was maintained by Oppenheimer with “Buy”. The firm has “Outperform” rating given on Wednesday, June 20 by Credit Suisse.

More notable recent FedEx Corporation (NYSE:FDX) news were published by: Benzinga.com which released: “FedEx Corporation (NYSE:FDX) – Trucking Companies Exposed To New Liability Risk After FMCSA Preemption – Benzinga” on January 08, 2019, also Benzinga.com with their article: “Credit Suisse: FedEx (NYSE:FDX) Concerns ‘Valid,’ But Selloff Creates Buying Opportunity – Benzinga” published on December 12, 2018, Benzinga.com published: “Amazon.com, Inc. (NASDAQ:AMZN), FedEx Corporation (NYSE:FDX) – Logistics Market Expansion Dominated By Manufacturing, Retail – Benzinga” on January 02, 2019. More interesting news about FedEx Corporation (NYSE:FDX) were released by: Benzinga.com and their article: “FedEx Corporation (NYSE:FDX) – FedEx Q2 Earnings Preview – Benzinga” published on December 18, 2018 as well as Seekingalpha.com‘s news article titled: “Amazon Plans To Save Billions With Planes And Vans – Seeking Alpha” with publication date: December 14, 2018.

Investors sentiment increased to 1.29 in Q3 2018. Its up 0.18, from 1.11 in 2018Q2. It improved, 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. Mckinley Carter Wealth Serv reported 0.59% stake. Ameriprise reported 0.23% stake. Hightower Advisors Limited Liability stated it has 158,663 shares or 0.27% of all its holdings. Mackenzie Fincl reported 813,870 shares or 0.48% of all its holdings. Wisconsin-based State Of Wisconsin Inv Board has invested 0.21% in FedEx Corporation (NYSE:FDX). Engineers Gate Manager LP invested 0.06% in FedEx Corporation (NYSE:FDX). Fisher Asset Ltd Liability holds 1,465 shares. Moreover, Retirement Of Alabama has 0.27% invested in FedEx Corporation (NYSE:FDX). Voloridge Inv Mgmt Limited Liability Corporation invested 0.15% in FedEx Corporation (NYSE:FDX). Montag A And Associate holds 0.2% in FedEx Corporation (NYSE:FDX) or 9,673 shares. Clifford Swan Investment Counsel Ltd Limited Liability Company, California-based fund reported 950 shares. Peapack Gladstone Fin owns 45,287 shares or 0.53% of their US portfolio. Sei Invs has 176,645 shares for 0.15% of their portfolio. Consolidated Invest Grp Ltd Liability Co reported 19,456 shares. Dimensional Fund Lp stated it has 1.96 million shares or 0.18% of all its holdings.

Since September 19, 2018, it had 2 buys, and 1 sale for $1.08 million activity. 7,000 shares were bought by STEINER DAVID P, worth $1.14M. Shares for $281,124 were sold by EDWARDSON JOHN A on Wednesday, September 19.

Since September 11, 2018, it had 0 insider buys, and 10 sales for $27.62 million activity. The insider Tan Irving sold $3.24 million. 217,420 shares were sold by Robbins Charles, worth $10.28 million. 70,000 shares valued at $3.32 million were sold by Kramer Kelly A. on Thursday, November 29. $1.52M worth of Cisco Systems, Inc. (NASDAQ:CSCO) shares were sold by BHATT PRAT. $209,025 worth of Cisco Systems, Inc. (NASDAQ:CSCO) shares were sold by BURNS M MICHELE. 25,000 shares valued at $1.20M were sold by WEST STEVEN M on Wednesday, December 12.

Nuwave Investment Management Llc, which manages about $246.42 million and $66.34 million US Long portfolio, upped its stake in Sherwin (NYSE:SHW) by 1,526 shares to 1,612 shares, valued at $734,000 in 2018Q3, according to the filing. It also increased its holding in Microchip Technology Inc (NASDAQ:MCHP) by 4,245 shares in the quarter, for a total of 4,279 shares, and has risen its stake in Lowe’s Companies Inc (NYSE:LOW).

Analysts await Cisco Systems, Inc. (NASDAQ:CSCO) to report earnings on February, 13. They expect $0.65 EPS, up 12.07% or $0.07 from last year’s $0.58 per share. CSCO’s profit will be $2.92B for 16.63 P/E if the $0.65 EPS becomes a reality. After $0.68 actual EPS reported by Cisco Systems, Inc. for the previous quarter, Wall Street now forecasts -4.41% negative EPS growth.

More notable recent Cisco Systems, Inc. (NASDAQ:CSCO) news were published by: Nasdaq.com which released: “Technology Sector Update for 12/31/2018: SFET, FB, GOOG, GOOGL, MSFT, AAPL, IBM, CSCO – Nasdaq” on December 31, 2018, also Nasdaq.com with their article: “Cisco Systems Breaks Below 200-Day Moving Average – Notable for CSCO – Nasdaq” published on December 17, 2018, Nasdaq.com published: “Cisco Systems (CSCO) Gains But Lags Market: What You Should Know – Nasdaq” on January 07, 2019. More interesting news about Cisco Systems, Inc. (NASDAQ:CSCO) were released by: Nasdaq.com and their article: “Cisco Investors Shouldn’t Miss This Critical Growth Driver – Nasdaq” published on December 17, 2018 as well as Nasdaq.com‘s news article titled: “Cisco Systems to report Q1 earnings November 14 – Nasdaq” with publication date: November 10, 2018.

Among 39 analysts covering Cisco Systems Inc. (NASDAQ:CSCO), 28 have Buy rating, 0 Sell and 11 Hold. Therefore 72% are positive. Cisco Systems Inc. had 183 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) has “Overweight” rating given on Wednesday, January 13 by Pacific Crest. Macquarie Research upgraded it to “Neutral” rating and $26 target in Monday, February 8 report. Robert W. Baird maintained the stock with “Buy” rating in Thursday, August 17 report. The rating was initiated by Wells Fargo with “Buy” on Tuesday, November 14. RBC Capital Markets maintained it with “Buy” rating and $3600 target in Monday, July 31 report. The firm has “Buy” rating by Robert W. Baird given on Thursday, June 29. Citigroup maintained the stock with “Buy” rating in Tuesday, August 9 report. The rating was downgraded by Goldman Sachs on Monday, February 8 to “Buy”. Barclays Capital maintained the shares of CSCO in report on Thursday, May 19 with “Overweight” rating. The stock has “Hold” rating by BMO Capital Markets on Thursday, August 17.

FedEx Corporation (NYSE:FDX) Institutional Positions Chart

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