As Fedex Corporation (FDX) Share Price Declined, Shareholder Southeastern Asset Management INC Lowered by $148.96 Million Its Stake

April 24, 2018 - By Clifton Ray

FedEx Corporation (NYSE:FDX) LogoInvestors sentiment increased to 1.21 in Q4 2017. Its up 0.14, from 1.07 in 2017Q3. It increased, as 45 investors sold FDX shares while 366 reduced holdings. 137 funds opened positions while 361 raised stakes. 193.75 million shares or 3.04% less from 199.84 million shares in 2017Q3 were reported. Strs Ohio reported 177,038 shares stake. Royal Comml Bank Of Scotland Gru Plc accumulated 1.27% or 22,614 shares. Assetmark invested in 0% or 228 shares. Benin Mgmt holds 22,115 shares. France-based Axa has invested 0.08% in FedEx Corporation (NYSE:FDX). Telos Cap Inc invested in 0.78% or 8,914 shares. Beck Capital Management Ltd Com owns 14,221 shares or 1.56% of their US portfolio. Synovus Financial Corp accumulated 0.02% or 3,779 shares. Citigroup accumulated 0.05% or 257,685 shares. 1,066 were accumulated by Fairview Cap Investment Management Limited Liability Corporation. Catalyst Capital Ltd Company, a New York-based fund reported 1,350 shares. Granite Ptnrs Ltd has 0.24% invested in FedEx Corporation (NYSE:FDX). Endurance Wealth Management reported 16 shares stake. Peapack Gladstone Fincl Corporation has invested 0.47% of its portfolio in FedEx Corporation (NYSE:FDX). First Trust Advsrs Ltd Partnership reported 205,638 shares.

Since October 26, 2017, it had 1 buy, and 4 sales for $45.54 million activity. $19,837 worth of FedEx Corporation (NYSE:FDX) was bought by SCHWAB SUSAN C on Tuesday, February 6. Shares for $802,405 were sold by STEINER DAVID P. $1.12 million worth of FedEx Corporation (NYSE:FDX) was sold by WALSH PAUL S. SMITH FREDERICK W sold $31.74 million worth of FedEx Corporation (NYSE:FDX) on Wednesday, April 18. $2.55M worth of stock was sold by Maier Henry J on Thursday, October 26.

Mason Hawkins decreased its stake in Fedex Corporation (FDX) by 15.27% based on its latest 2017Q4 regulatory filing with the SEC. Southeastern Asset Management Inc sold 598,249 shares as the company’s stock declined 6.15% with the market. The hedge fund run by Mason Hawkins held 3.32 million shares of the air freight and delivery services company at the end of 2017Q4, valued at $828.41M, down from 3.92 million at the end of the previous reported quarter. Southeastern Asset Management Inc who had been investing in Fedex Corporation for a number of months, seems to be less bullish one the $65.57 billion market cap company. The stock decreased 1.38% or $3.43 during the last trading session, reaching $245.39. About 769,224 shares traded. FedEx Corporation (NYSE:FDX) has risen 25.45% since April 24, 2017 and is uptrending. It has outperformed by 13.90% the S&P500.

Analysts await FedEx Corporation (NYSE:FDX) to report earnings on June, 19. They expect $5.72 earnings per share, up 34.59 % or $1.47 from last year’s $4.25 per share. FDX’s profit will be $1.53 billion for 10.73 P/E if the $5.72 EPS becomes a reality. After $3.72 actual earnings per share reported by FedEx Corporation for the previous quarter, Wall Street now forecasts 53.76 % EPS growth.

FedEx Corporation (NYSE:FDX) Ratings Coverage

Among 17 analysts covering FedEx (NYSE:FDX), 16 have Buy rating, 0 Sell and 1 Hold. Therefore 94% are positive. FedEx had 29 analyst reports since October 27, 2017 according to SRatingsIntel. Robert W. Baird maintained it with “Buy” rating and $268.0 target in Wednesday, December 20 report. The rating was maintained by Wells Fargo with “Buy” on Wednesday, December 20. The rating was maintained by KeyBanc Capital Markets with “Buy” on Wednesday, December 20. Stephens maintained the stock with “Buy” rating in Wednesday, March 21 report. The stock of FedEx Corporation (NYSE:FDX) earned “Buy” rating by BMO Capital Markets on Tuesday, December 19. As per Thursday, January 18, the company rating was maintained by Stifel Nicolaus. On Tuesday, October 31 the stock rating was maintained by Robert W. Baird with “Buy”. The rating was maintained by BMO Capital Markets on Thursday, November 30 with “Buy”. On Monday, December 18 the stock rating was maintained by Cowen & Co with “Buy”. Credit Suisse maintained FedEx Corporation (NYSE:FDX) on Thursday, December 14 with “Buy” rating.

FedEx Corporation (NYSE:FDX) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.