Big Money Sentiment Indicator of Fedex Corp (NYSE:FDX) Falls in 2018 Q1 to 1

June 27, 2018 - By Heather Owens

FedEx Corporation (NYSE:FDX) Corporate Logo

Positions for Fedex Corp (NYSE:FDX)

In Q1 2018 Fedex Corp (NYSE:FDX) big money sentiment decreased to 1, according to SEC.gov filings. So its down -0.21, from 2017Q4’s 1.21. 472 investment professionals started new or increased holdings, while 472 sold and trimmed stock positions in Fedex Corp so the sentiment has dropped. These funds own 192.41 million shares, that’s down from 193.75 million shares in 2017Q4. Funds holding Fedex Corp in top 10 decreased from 54 to 42 for a decrease of 12. 58 Investors Sold All; 414 Reduced Holdings; 359 increased stakes while 113 investment professionals bought stakes.

Biggest Fedex Corp Shareholders

As of Q1 2018 Greenhaven Associates Inc has 10.97% invested in Fedex Corp. Fedex Corp’s shareholder Matthew 25 Management Corp owns 150,000 shares as of Q1 2018. Trinity Street Asset Management Llp reported 189,880 shares. The Tennessee-based fund Southeastern Asset Management Inc Tn have invested about 7.97% of the institutional investor’s stock portfolio in Fedex Corp. The Illinois-based fund 12Th Street Asset Management Company Llc looks positive on Fedex Corp, owning 132,129 shares.

FedEx Corporation provides transportation, e-commerce, and business services worldwide.The firm is worth $63.29 billion. The companyÂ’s FedEx Express segment provides various shipping services for the delivery of packages and freight; international trade services specializing in customs brokerage, and ocean and air freight forwarding services; assistance with the customs-trade partnership against terrorism program; and customs clearance services, as well as an information tool that allows clients to track and manage imports.14.11 is the P/E ratio. This segment also publishes customs duty and tax information; and offers transportation management and temperature-controlled transportation services.

FDX is hitting $236.86 during the last trading session, after increased 0.99%.FedEx Corporation is uptrending after having risen 29.10% since June 27, 2017. FDX has 1.95M volume or 25.53% up from normal. The stock outperformed the S&P 500 by 16.53%.

West Oak Capital Limited Liability Com reported 14 shs stake. Moreover, Columbia Asset has 0.44% invested in FedEx Corporation (NYSE:FDX). Korea Invest Corp holds 0.34% of its capital in FedEx Corporation (NYSE:FDX) for 300,143 shs. Sei Invs reported 260,832 shs. Hanson And Doremus Inv Management holds 0.13% in FedEx Corporation (NYSE:FDX) or 1,707 shs. Headinvest Ltd Liability Company holds 0.1% of its capital in FedEx Corporation (NYSE:FDX) for 1,348 shs. Horizon Inv Service accumulated 13,114 shs. Compass Mngmt invested in 4.14% or 115,238 shs. Paragon Cap Limited Liability reported 48,163 shs or 0.42% of all its holdings. Jennison Associates Ltd reported 1.11% stake. Personal Capital Advisors reported 0% in FedEx Corporation (NYSE:FDX). Private Advisor Gru Limited Liability Co reported 7,281 shs. Whittier Trust Of Nevada owns 1,656 shs for 0.03% of their capital. Assetmark reported 90 shs or 0% of all its holdings. Atalanta Sosnoff Capital Ltd holds 199,908 shs.

FedEx Corporation registered $45.54 million net activity with 1 insider buy and 4 selling transactions since January 2, 2018. 46,555 shs were sold by BRONCZEK DAVID J, worth $11.89M on Tuesday, January 2. On Friday, January 5 STEINER DAVID P also sold $802,405 worth of FedEx Corporation (NYSE:FDX). Shares for $1.12M were sold by WALSH PAUL S on Wednesday, April 18. On Tuesday, February 6 SCHWAB SUSAN C bought $19,837 worth of FedEx Corporation (NYSE:FDX) or 80 shs.

FedEx Corporation (NYSE:FDX) Ratings Coverage

Total analysts of 11 have positions in FedEx (NYSE:FDX) as follows: 10 rated it a “Buy”, 0 with “Sell” and 1 with “Hold”. The positive are 91%. The firm has $315 highest while $240 is the lowest price target. The average target $270.67 is 14.27% above the last ($236.86) price. Since January 5, 2018 according to StockzIntelligence Inc FedEx has 19 analyst reports. The company rating was maintained by Morgan Stanley on Wednesday, March 21. On Friday, February 23 Bernstein upgraded FedEx Corporation (NYSE:FDX) to “Outperform” rating. On Wednesday, June 20 the firm earned “Equal-Weight” rating by Morgan Stanley. In Wednesday, March 21 report KeyBanc Capital Markets maintained it with “Overweight” rating and $290 target. On Wednesday, June 20 the rating was maintained by Oppenheimer with “Buy”. The company rating was maintained by Robert W. Baird on Thursday, March 15. In Wednesday, May 16 report Oppenheimer maintained it with “Buy” rating and $28200 target. The company rating was maintained by Stephens on Wednesday, March 21. On Wednesday, March 21 the firm has “Buy” rating by Stifel Nicolaus given. The stock rating was maintained by Citigroup with “Buy” on Thursday, June 7.

For more FedEx Corporation (NYSE:FDX) news published recently go to: Fool.com, Seekingalpha.com, Seekingalpha.com, 247Wallst.com or Benzinga.com. The titles are as follows: “Boeing Grabs Another Big Widebody Order” published on June 24, 2018, “FedEx Corporation (FDX) CEO Fred Smith on Q4 2018 Results – Earnings Call Transcript” on June 20, 2018, “Post-earnings slump for FedEx” with a publish date: June 21, 2018, “FedEx Plans to Keep Delivering, but Are Investors On Board?” and the last “SMC3: E-commerce Magnifies Reverse Logistics, But Other Verticals Are Growing” with publication date: June 26, 2018.

FedEx Corporation (NYSE:FDX) Institutional Investors Chart

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