Fedex Corp (FDX) Shareholder Prentiss Smith & Co INC Lowered Position by $8.83 Million as Shares Declined

April 22, 2018 - By Nellie Frank

FedEx Corporation (NYSE:FDX) LogoInvestors sentiment increased to 1.21 in 2017 Q4. Its up 0.14, from 1.07 in 2017Q3. It improved, 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. 3,108 are held by Finemark Bancshares. First Quadrant Limited Partnership Ca accumulated 4,517 shares or 0.02% of the stock. Wedgewood Invsts Pa has invested 0.55% in FedEx Corporation (NYSE:FDX). Williams Jones Assocs Lc holds 1.06% or 186,858 shares. 2,500 were accumulated by Fukoku Mutual Life Insurance. Natixis owns 51,010 shares. Mitchell reported 1,157 shares. Haverford owns 1,930 shares for 0.01% of their portfolio. Sumitomo Life reported 7,958 shares. Johnson Invest Counsel Inc reported 11,909 shares. Pinnacle Associates Ltd accumulated 0.1% or 20,982 shares. Canandaigua Natl Bank Trust stated it has 1,626 shares. Peoples Financial reported 1,000 shares or 0.14% of all its holdings. Finance Svcs Corp holds 0.03% of its portfolio in FedEx Corporation (NYSE:FDX) for 207 shares. Fdx Advisors, California-based fund reported 16,398 shares.

Since October 26, 2017, it had 1 insider buy, and 4 sales for $16.35 million activity. 11,150 shares were sold by Maier Henry J, worth $2.55M. Another trade for 80 shares valued at $19,837 was bought by SCHWAB SUSAN C. 46,555 shares valued at $11.89 million were sold by BRONCZEK DAVID J on Tuesday, January 2. $1.12 million worth of stock was sold by WALSH PAUL S on Wednesday, April 18.

Prentiss Smith & Co Inc decreased its stake in Fedex Corp (FDX) by 95.3% based on its latest 2017Q4 regulatory filing with the SEC. Prentiss Smith & Co Inc sold 35,447 shares as the company’s stock declined 6.15% with the market. The institutional investor held 1,747 shares of the air freight and delivery services company at the end of 2017Q4, valued at $436,000, down from 37,194 at the end of the previous reported quarter. Prentiss Smith & Co Inc who had been investing in Fedex Corp for a number of months, seems to be less bullish one the $66.03 billion market cap company. The stock decreased 1.78% or $4.47 during the last trading session, reaching $247.12. About 1.51M shares traded. FedEx Corporation (NYSE:FDX) has risen 25.45% since April 22, 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 $1.53B for 10.80 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 the shares of FDX in report on Thursday, March 15 with “Outperform” rating. Stifel Nicolaus maintained the shares of FDX in report on Wednesday, December 20 with “Hold” rating. On Wednesday, December 20 the stock rating was upgraded by Bank of America to “Buy”. On Wednesday, December 20 the stock rating was maintained by Credit Suisse with “Buy”. The stock of FedEx Corporation (NYSE:FDX) earned “Buy” rating by BMO Capital Markets on Friday, October 27. The firm has “Buy” rating given on Friday, January 5 by UBS. The rating was maintained by Morgan Stanley on Wednesday, March 21 with “Equal-Weight”. The firm earned “Overweight” rating on Wednesday, March 21 by KeyBanc Capital Markets. The rating was maintained by Cowen & Co on Monday, December 18 with “Buy”. The stock of FedEx Corporation (NYSE:FDX) earned “Hold” rating by Bernstein on Wednesday, December 20.

FedEx Corporation (NYSE:FDX) Institutional Positions Chart

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