Inc. Purchases New Stake in FedEx Corporation (FDX)

Marco Green
November 14, 2017

The institutional investor held 5,424 shares of the natural gas distribution company at the end of 2017Q2, valued at $262.58 million, down from 5,824 at the end of the previous reported quarter. About shares traded. Gentex Corporation (NASDAQ:GNTX) has risen 19.63% since November 13, 2016 and is uptrending. It has outperformed by 2.32% the S&P500. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Timber Hill Ltd has 8,605 shares. Fuller & Thaler Asset Mgmt Incorporated invested in 1,750 shares or 0% of the stock. Cyrusone Inc now has $5.85 billion valuation. The stock increased 0.33% or $0.72 on November 10, reaching $218.15. About 1.11 million shares traded or 1.83% up from the average. It is down 0.67% since November 12, 2016 and is uptrending.

Investors sentiment decreased to 1.01 in Q2 2017. The company has a current ratio of 1.63, a quick ratio of 1.57 and a debt-to-equity ratio of 0.91. Arrow Fincl Corp invested in 13,667 shares. BlackRock Inc. now owns 14,823,307 shares of the shipping service provider's stock worth $2,892,768,000 after buying an additional 14,086,601 shares during the period. Greenwood Associate Lc invested 1.61% of its portfolio in FedEx Corporation (NYSE:FDX). Moreover, Highbridge Cap Mgmt Limited Co has 0.06% invested in CyrusOne Inc (NASDAQ:CONE). Chase Invest Counsel Corporation stated it has 21,612 shares. Profund Advsr Ltd Com stated it has 0.03% in CyrusOne Inc (NASDAQ:CONE). Secor Cap Lp, a New York-based fund reported 33,640 shares. Loomis Sayles Ltd Partnership reported 60,388 shares. Tiverton Asset Mngmt invested in 0.15% or 49,307 shares. Dearborn Prtn Ltd Llc, Illinois-based fund reported 12,300 shares. Lyons Wealth Mngmt Limited Liability Corp owns 11,429 shares for 1.23% of their portfolio. Its down 7.38% from 161,200 shares previously. The stock of Eastman Chemical Company (NYSE:EMN) has "Outperform" rating given on Friday, December 23 by Cowen & Co. Therefore 74% are positive. The correct version of this report can be read at https://www.truebluetribune.com/2017/11/13/fedex-corporation-fdx-director-sells-897689-00-in-stock.html. The rating was maintained by UBS on Thursday, March 17 with "Buy". As per Tuesday, October 10, the company rating was maintained by Deutsche Bank. The firm has "Buy" rating given on Wednesday, July 19 by FBR Capital. The firm earned "Buy" rating on Monday, November 13 by Jefferies. The stock presently has an average rating of "Buy" and a consensus price target of $230.21. Cowen and Company restated an "outperform" rating and issued a $240.00 price target on shares of FedEx Corporation in a research note on Friday, October 13th. State Street has 2.07 million shares for 0.01% of their portfolio. Shares for $319,520 were sold by KLING LEWIS M. Wojtaszek Gary J had sold 80,000 shares worth $4.62 million. Afam Capital Inc.'s holdings in FedEx Corporation were worth $6,593,000 at the end of the most recent quarter. FedEx Corp. comprises approximately 4.9% of Malaga Cove Capital LLC's investment portfolio, making the stock its 2nd largest position. Therefore 0 are positive. The firm earned "Outperform" rating on Thursday, August 24 by Robert W. Baird. FedEx Corporation now has an average rating of "Buy" and an average price target of $230.21. On Wednesday, September 2 the stock rating was maintained by Wood with "Market Perform". As of quarter end Oppenheimer & Co Inc had bought a total of 1,339 shares growing its stake by 8.5%. The stock has "Buy" rating by KeyBanc Capital Markets on Wednesday, August 23.

Among 5 analysts covering UGI Corp (NYSE:UGI), 0 have Buy rating, 1 Sell and 4 Hold.

Investors sentiment decreased to 1.01 in 2017 Q2. Its down 0.02, from 1.03 in 2017Q1.

More important recent FedEx Corporation (NYSE:FDX) news were published by: Twst.com which released: "FedEx Corporation: FedEx Expanding Capabilities with Acquisition of Northwest ..." on October 18, 2017, also Investorplace.com published article titled: "Trade FedEx Corporation Stock for the Holidays", Nasdaq.com published: "Why Is FedEx (FDX) Up 3.7% Since the Last Earnings Report?" on October 20, 2017. 112 funds opened positions while 318 raised stakes. The shipping service provider reported $2.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.17 by ($0.66). Following the transaction, the director now directly owns 6,080 shares of the company's stock, valued at approximately $1,371,344. More interesting news about FedEx Corporation (NYSE:FDX) was released by: Seekingalpha.com and their article: "UPS announces U.S. rate hikes" with publication date: October 26, 2017. UBS maintained FedEx Corporation (NYSE:FDX) on Friday, June 3 with "Buy" rating. Thomas Story Son Llc holds 3.35% or 298,385 shares. Capstone Asset Management invested in 45,552 shares. Ascend Capital Llc acquired 83,410 shares as Eastman Chem Co (EMN)'s stock declined 2.09%.

Grt Capital Partners L.L.C. holds 0.08% of its portfolio in WSI Industries, Inc. for 40,031 shares. Arizona State Retirement accumulated 61,039 shares. The stock of FedEx Corporation (NYSE:FDX) has "Neutral" rating given on Friday, September 18 by Susquehanna. Greenleaf reported 1,477 shares. Indiana Trust & Investment Management CO now owns 4,068 shares of the shipping service provider's stock worth $711,000 after buying an additional 15 shares in the last quarter. Letko Brosseau & Associates Inc, Quebec - Canada-based fund reported 3,500 shares.

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