Hartwell J M Limited Partnership Has Increased Holding in Federal Express (FDX) by $4.61 Million as Share Price Declined

June 19, 2018 - By Migdalia James

FedEx Corporation (NYSE:FDX) LogoInvestors sentiment decreased to 1 in Q1 2018. Its down 0.21, from 1.21 in 2017Q4. It worsened, as 58 investors sold FDX shares while 414 reduced holdings. 113 funds opened positions while 359 raised stakes. 192.41 million shares or 0.69% less from 193.75 million shares in 2017Q4 were reported. Oakbrook Investments Limited Liability Corp holds 0.17% or 11,525 shares in its portfolio. Wetherby Asset Mgmt, a California-based fund reported 4,791 shares. First Foundation reported 1,040 shares or 0.01% of all its holdings. Endurance Wealth Mngmt Incorporated owns 16 shares or 0% of their US portfolio. 60 are owned by Mcf Advsrs Ltd Co. Cohen Cap reported 0.05% of its portfolio in FedEx Corporation (NYSE:FDX). M&R Mngmt Inc invested 3.11% in FedEx Corporation (NYSE:FDX). Bremer Trust National Association owns 7,557 shares. Livforsakringsbolaget Skandia Omsesidigt owns 0.42% invested in FedEx Corporation (NYSE:FDX) for 9,795 shares. Cobblestone Advsrs Ltd Liability New York owns 2,095 shares. Natl Mutual Insur Federation Of Agricultural Cooperatives reported 0.06% stake. Private Wealth Ptnrs Ltd Llc owns 2,575 shares. Cibc Ww owns 54,949 shares. Buckingham Asset Mngmt Ltd Limited Liability Company holds 4,017 shares. Lsv Asset Management accumulated 1.71M shares.

Since January 2, 2018, it had 1 insider purchase, and 4 sales for $45.54 million activity. STEINER DAVID P sold 3,016 shares worth $802,405. Shares for $11.89 million were sold by BRONCZEK DAVID J. The insider WALSH PAUL S sold $1.12 million. The insider SMITH FREDERICK W sold 124,000 shares worth $31.74 million.

Hartwell J M Limited Partnership increased its stake in Federal Express (FDX) by 109.13% based on its latest 2018Q1 regulatory filing with the SEC. Hartwell J M Limited Partnership bought 19,225 shares as the company’s stock declined 1.18% with the market. The hedge fund held 36,842 shares of the air freight and delivery services company at the end of 2018Q1, valued at $8.85 million, up from 17,617 at the end of the previous reported quarter. Hartwell J M Limited Partnership who had been investing in Federal Express for a number of months, seems to be bullish on the $69.17B market cap company. The stock decreased 1.83% or $4.8239 during the last trading session, reaching $258.8461. About 1.38M shares traded. FedEx Corporation (NYSE:FDX) has risen 29.10% since June 19, 2017 and is uptrending. It has outperformed by 16.53% the S&P500.

Hartwell J M Limited Partnership, which manages about $535.54 million and $533.54M US Long portfolio, decreased its stake in Home Depot Inc. (NYSE:HD) by 25,975 shares to 131,749 shares, valued at $23.48M in 2018Q1, according to the filing.

More notable recent FedEx Corporation (NYSE:FDX) news were published by: Investorplace.com which released: “New Lows Almost Certainly Are in the Future for Petrobras Stock” on June 17, 2018, also Benzinga.com with their article: “Benzinga Pro’s 5 Stocks To Watch Today” published on June 19, 2018, Benzinga.com published: “Pressure Mounts: President Doubles Down On Tariff Threat To China” on June 19, 2018. More interesting news about FedEx Corporation (NYSE:FDX) were released by: Seekingalpha.com and their article: “Game Plan For The Week – Cramer’s Mad Money (6/15/18)” published on June 18, 2018 as well as Streetinsider.com‘s news article titled: “UPS to spend $130 million on new natural gas vehicles, fueling stations” with publication date: June 19, 2018.

FedEx Corporation (NYSE:FDX) Ratings Coverage

Among 14 analysts covering FedEx (NYSE:FDX), 13 have Buy rating, 0 Sell and 1 Hold. Therefore 93% are positive. FedEx had 24 analyst reports since December 20, 2017 according to SRatingsIntel. Morgan Stanley maintained FedEx Corporation (NYSE:FDX) rating on Monday, June 4. Morgan Stanley has “Equal-Weight” rating and $248 target. The stock of FedEx Corporation (NYSE:FDX) earned “Buy” rating by UBS on Tuesday, January 9. Citigroup maintained FedEx Corporation (NYSE:FDX) on Thursday, June 7 with “Buy” rating. As per Thursday, March 15, the company rating was maintained by Robert W. Baird. The firm has “Outperform” rating given on Friday, February 23 by Bernstein. KeyBanc Capital Markets maintained it with “Overweight” rating and $290 target in Wednesday, March 21 report. Oppenheimer maintained FedEx Corporation (NYSE:FDX) rating on Wednesday, May 16. Oppenheimer has “Buy” rating and $28200 target. The rating was maintained by Susquehanna with “Buy” on Wednesday, March 21. The stock of FedEx Corporation (NYSE:FDX) has “Buy” rating given on Wednesday, December 20 by Robert W. Baird. Credit Suisse maintained FedEx Corporation (NYSE:FDX) rating on Wednesday, December 20. Credit Suisse has “Buy” rating and $283.0 target.

FedEx Corporation (NYSE:FDX) Institutional Positions Chart

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