FedEx (FDX) Price Target Lowered to $240.00 at Morgan Stanley

Lloyd Doyle
April 16, 2018

Sailingstone Capital Partners Llc sold 156,389 shares as the company's stock rose 3.45% while stock markets declined. The hedge fund run by Edgar Wachenheim held 2.97 million shares of the air freight and delivery services company at the end of 2017Q4, valued at $741.61M, down from 2.98 million at the end of the previous reported quarter. The stock increased 1.84% or $4.51 during the last trading session, reaching $249. Mitsubishi Ufj Bk holds 0.23% in FedEx Corporation (NYSE:FDX) or 518,961 shares. It has outperformed by 13.90% the S&P500.

Bedell Frazier Investment Counseling Llc increased its stake in Gilead Sciences Inc (GILD) by 42.44% based on its latest 2017Q4 regulatory filing with the SEC. The stock has "Buy" rating by KeyBanc Capital Markets on Monday, September 18. The institutional investor held 99,125 shares of the health care company at the end of 2017Q4, valued at $7.10 million, up from 69,589 at the end of the previous reported quarter. Caledonia Investments Plc who had been investing in At&T Inc for a number of months, seems to be bullish on the $228.24B market cap company. The stock decreased 0.83% or $0.15 during the last trading session, reaching $17.98. (NYSE:VZ) by 107,886 shares in the quarter, for a total of 1.73M shares. Hanesbrands Inc. (NYSE:HBI) has declined 8.16% since April 16, 2017 and is downtrending. It has underperformed by 21.62% the S&P500. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have assigned a buy rating to the company's stock. Therefore 48% are positive. 94% are bullish. 30 are the (NYSE:FDX)'s analyst reports since October 20, 2017 according to StockzIntelligence Inc. The firm has "Hold" rating given on Thursday, January 18 by Stifel Nicolaus. On Wednesday, March 21 the firm has "Buy" rating by Stifel Nicolaus given. The stock of FedEx Corporation (NYSE:FDX) has "Buy" rating given on Friday, June 3 by UBS. On Wednesday, March 21 Credit Suisse maintained FedEx Corporation (NYSE:FDX) with "Buy" rating. The firm has "Outperform" rating by Bernstein given on Friday, February 23.

Investors sentiment decreased to 1.11 in Q4 2017. Its up 0.14, from 1.07 in 2017Q3. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of FedEx by 27.6% in the fourth quarter. 125 funds opened positions while 589 raised stakes. 337.77 million shares or 0.93% more from 334.65 million shares in 2017Q3 were reported. Institutional investors own 74.69% of the company's stock. Glg Limited Liability Com holds 29,253 shares. Avalon Limited Liability holds 0.31% or 41,130 shares in its portfolio. During the same period in the prior year, the company earned $2.35 earnings per share. Sasco Capital Ct holds 3.28% or 4.29M shares in its portfolio. Beach Investment Management Llc bought 5,100 shares as the company's stock declined 6.15% with the market. Finally, Griffin Asset Management Inc. lifted its holdings in FedEx by 12.0% during the fourth quarter. The North Carolina-based Bank Of America Corp De has invested 0% in the stock. Js Mngmt Ltd Com holds 7.1% or 8,455 shares in its portfolio. Ngam Advsrs Lp has invested 0.03% in Hanesbrands Inc. Texas Yale Capital Corp invested 0.03% in Hanesbrands Inc. Impala Asset Mgmt Ltd Liability Com holds 2.36% of its portfolio in FedEx Corporation (NYSE:FDX) for 266,410 shares.

Since February 15, 2018, it had 0 insider purchases, and 1 sale for $1.07 million activity.

Jackson Square Partners Llc, which manages about $24.97 billion and $19.69 billion US Long portfolio, upped its stake in Bio (NASDAQ:TECH) by 69,784 shares to 931,400 shares, valued at $120.66 million in 2017Q4, according to the filing. It also increased its holding in Whirlpool Corp (Whr) (NYSE:WHR) by 115,880 shares in the quarter, for a total of 2.88 million shares, and has risen its stake in Taylor Morrison Home Corp (Tmhc) (NYSE:TMHC).


Since October 26, 2017, it had 1 buying transaction, and 3 selling transactions for $15.22 million activity. On Friday, January 5 the insider STEINER DAVID P sold $802,405. On Thursday, October 26 11,150 shs were sold by Maier Henry J, worth $2.55 million. Another trade for 80 shares valued at $19,837 was made by SCHWAB SUSAN C on Tuesday, February 6.

Investors sentiment increased to 1.21 in Q4 2017. This represents a $2.00 annualized dividend and a yield of 0.82%. It dived, as 11 investors sold OXM shares while 41 reduced holdings. The shipping service provider reported $3.72 earnings per share for the quarter, beating the Zacks' consensus estimate of $3.11 by $0.61. Bartlett And Company Lc invested in 1.4% or 141,025 shares.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Tuesday, March 20th. Carroll Financial Associates Inc. now owns 633 shares of the shipping service provider's stock valued at $140,000 after buying an additional 240 shares during the last quarter. Rodgers Brothers Inc, a Pennsylvania-based fund reported 1,500 shares. Moreover, Mogy Joel R Counsel has 0.07% invested in FedEx Corporation (NYSE:FDX) for 1,850 shares. Nj State Employees Deferred Compensation Plan invested in 0.5% or 40,000 shares. Natixis has invested 0.1% of its portfolio in FedEx Corporation (NYSE:FDX). Moreover, Ccm Invest Advisers Limited Liability Com has 2.2% invested in FedEx Corporation (NYSE:FDX) for 45,857 shares. 1,650 are owned by Van Strum And Towne. (NYSE:T). West Chester Cap Advisors holds 0.82% in AT&T Inc. The Beach Investment Management Llc holds 10,370 shares with $2.59 million value, up from 5,270 last quarter. Eastern National Bank invested in 0.02% or 132 shares. Brown Advisory Securities Ltd Liability stated it has 1,505 shares.

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