Fedex Corp Institutional Investor Sentiment Increased in Q2 2018

September 30, 2018 - By William Brooks

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Sentiment for Fedex Corp (NYSE:FDX)

Fedex Corp (NYSE:FDX) institutional sentiment increased to 1.11 in Q2 2018. Its up 0.11, from 1 in 2018Q1. The ratio is more positive, as 489 investment managers increased or opened new holdings, while 439 sold and reduced holdings in Fedex Corp. The investment managers in our partner’s database reported: 186.50 million shares, down from 192.41 million shares in 2018Q1. Also, the number of investment managers holding Fedex Corp in their top 10 holdings decreased from 42 to 37 for a decrease of 5. Sold All: 45 Reduced: 394 Increased: 385 New Position: 104.

FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company has market cap of $63.45 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. It has a 13.59 P/E ratio. This segment also publishes customs duty and tax information; and offers transportation management and temperature-controlled transportation services.

The stock increased 0.04% or $0.09 during the last trading session, reaching $240.79. About 1.84 million shares traded or 18.21% up from the average. FedEx Corporation (NYSE:FDX) has risen 17.37% since September 30, 2017 and is uptrending. It has outperformed by 1.75% the S&P500.

Greenhaven Associates Inc holds 9.49% of its portfolio in FedEx Corporation for 2.79 million shares. Matthew 25 Management Corp owns 136,000 shares or 9.32% of their US portfolio. Moreover, Trinity Street Asset Management Llp has 7.34% invested in the company for 189,780 shares. The Illinois-based 12Th Street Asset Management Company Llc has invested 6.92% in the stock. Southeastern Asset Management Inc Tn, a Tennessee-based fund reported 2.66 million shares.

Since January 1, 0001, it had 0 insider purchases, and 3 sales for $33.15 million activity.

FedEx Corporation (NYSE:FDX) Ratings Coverage

Ratings analysis reveals 86% of FedEx’s analysts are positive. Out of 7 Wall Street analysts rating FedEx, 6 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $242 while the high is $315. The stock’s average target of $285.17 is 18.43% above today’s ($240.79) share price. FDX was included in 11 notes of analysts from May 16, 2018. The rating was maintained by Bank of America with “Buy” on Tuesday, September 18. The stock has “Outperform” rating by Robert W. Baird on Tuesday, September 18. The firm has “Buy” rating by Oppenheimer given on Wednesday, June 20. Morgan Stanley maintained it with “Equal-Weight” rating and $248 target in Monday, June 4 report. Morgan Stanley maintained FedEx Corporation (NYSE:FDX) on Tuesday, September 18 with “Equal-Weight” rating. The stock of FedEx Corporation (NYSE:FDX) earned “Outperform” rating by Credit Suisse on Wednesday, June 20. The stock of FedEx Corporation (NYSE:FDX) earned “Buy” rating by Citigroup on Thursday, June 7. As per Wednesday, May 16, the company rating was maintained by Oppenheimer. The firm earned “Outperform” rating on Tuesday, September 18 by Credit Suisse. The rating was maintained by Morgan Stanley on Wednesday, June 20 with “Equal-Weight”.

More notable recent FedEx Corporation (NYSE:FDX) news were published by: Seekingalpha.com which released: “Walmart Is Expensive But Well-Run – Cramer’s Lightning Round (9/21/18)” on September 24, 2018, also Seekingalpha.com with their article: “FedEx: Taking Another Look At $250” published on September 18, 2018, Seekingalpha.com published: “FedEx – Adding To My Existing Position” on September 23, 2018. More interesting news about FedEx Corporation (NYSE:FDX) were released by: Seekingalpha.com and their article: “FedEx -2% after sharp earnings miss; raises full-year 2019 guidance” published on September 17, 2018 as well as Finance.Yahoo.com‘s news article titled: “Will FedEx Corporation’s (NYSE:FDX) Earnings Grow In The Year Ahead?” with publication date: September 18, 2018.

FedEx Corporation (NYSE:FDX) Institutional Positions Chart

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