First Trust Advisors LP Has $40.32 Million Stake in FedEx Co. (FDX)

Lloyd Doyle
December 7, 2017

It also reduced its holding in Citigroup Inc (NYSE:C) by 515,000 shares in the quarter, leaving it with 2.48 million shares, and cut its stake in Ardagh Group S A. The Hanseatic Management Services Inc holds 7,887 shares with $1.77M value, down from 10,986 last quarter. The firm's revenue for the quarter was up 4.1% compared to the same quarter last year. research analysts predict that FedEx will post 12.47 EPS for the current fiscal year. Coherent, Inc. (NASDAQ:COHR) has risen 187.82% since December 6, 2016 and is uptrending. It has outperformed by 25.09% the S&P500.

Sather Financial Group Inc increased Johnson & Johnson (JNJ) stake by 111.57% reported in 2017Q2 SEC filing. Central Bank & Trust Co sold 17,788 shares as the company's stock declined 2.24% while stock markets rallied. The Country Trust Bank holds 224,211 shares with $48.73M value, up from 218,280 last quarter. Southpoint Capital Advisors Lp who had been investing in Fedex Corp for a number of months, seems to be less bullish one the $63.12B market cap company. Its last month's stock price volatility remained 3.06% which for the week stands at 1.67%. About 238,991 shares traded.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Tuesday, September 19th. It has outperformed by 2.38% the S&P500. Southeastern Asset Management Tn holds 11.25% of its portfolio in FedEx Corporation (NYSE:FDX) for 4.71 million shares. Echo Street Capital Management Ltd Llc reported 0.9% of its portfolio in FedEx Corporation (NYSE:FDX). Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-three have given a buy rating to the company's stock. Therefore 50% are positive. Lands' End had 2 analyst reports since September 26, 2016 according to SRatingsIntel. The firm has "Buy" rating by Stifel Nicolaus given on Wednesday, September 21. Finally, Vetr downgraded shares of FedEx to a "sell" rating and set a $204.84 price objective for the company.in a research report on Thursday, August 31st. Cowen & Co maintained it with "Outperform" rating and $240 target in Friday, December 16 report. Stifel Nicolaus has "Buy" rating and $186 target. RBC Capital Markets maintained the stock with "Underperform" rating in Wednesday, January 27 report. The rating was maintained by Oppenheimer with "Buy" on Wednesday, June 14. The rating was maintained by Benchmark on Monday, May 23 with "Buy". As per Friday, November 4, the company rating was downgraded by Deutsche Bank. FNY Managed Accounts LLC acquired a new stake in FedEx during the first quarter worth approximately $100,000. Therefore 62% are positive. Rothschild Investment Il has invested 0.25% in FedEx Corporation (NYSE:FDX). The rating was upgraded by Raymond James to "Outperform" on Monday, February 6. Goldman Sachs upgraded it to "Neutral" rating and $112 target in Monday, March 14 report. After $2.51 actual EPS reported by FedEx Corporation for the previous quarter, Wall Street now forecasts 13.94 % EPS growth. Massachusetts-based Alpha Windward Lc has invested 0.15% in FedEx Corporation (NYSE:FDX). (NYSE:FDX) have been assigned an average rating of "Buy" from the twenty-four brokerages that are now covering the firm, MarketBeat.com reports. BMO Capital Markets maintained the shares of FDX in report on Thursday, November 30 with "Buy" rating. The firm has "Neutral" rating given on Thursday, April 14 by SunTrust. UBS maintained FedEx Corporation (NYSE:FDX) on Wednesday, June 21 with "Buy" rating.

Investors sentiment decreased to 1.01 in 2017 Q2. The company has a market cap of $54.31 billion, a price-to-earnings ratio of 28.88 and a beta of 1.14. It is negative, as 53 investors sold FedEx Corporation shares while 373 reduced holdings. Salem Investment Counselors Inc. raised its stake in shares of FedEx by 2.8% during the second quarter.


FedEx Corporation has a consensus outperform rating from 29 Wall Street analysts, and the number of shares now sold short amount to at least 0.02% of shares outstanding. Summit Secs Grp Ltd Liability holds 0.05% or 1,200 shares. Thompson Mngmt accumulated 0.95% or 23,365 shares. Reilly Advsr Ltd Company invested 0.02% of its portfolio in FedEx Corporation (NYSE:FDX). Oxbow Advisors Llc, a Texas-based fund reported 614,178 shares. Pettyjohn Wood & White reported 13,071 shares stake. Cramer Rosenthal Mcglynn Lc owns 1.22% invested in FedEx Corporation (NYSE:FDX) for 365,670 shares.

Turning to CSX Corporation (NASDAQ:CSX), its shares were trading at $55.79 a retreat of $-1.2, on the trading floor.

Southpoint Capital Advisors Lp, which manages about $2.99 billion and $2.53 billion US Long portfolio, upped its stake in Manitowoc Inc (NYSE:MTW) by 1.75M shares to 7.75M shares, valued at $46.58 million in 2017Q2, according to the filing. 22,313 were accumulated by G2 Mgmt Limited Liability Com. Marble Harbor Invest Counsel Limited Liability Company reported 0.06% of its portfolio in FedEx Corporation (NYSE:FDX). Boys Arnold And Incorporated has invested 0.27% of its portfolio in FedEx Corporation (NYSE:FDX).

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