FedEx (FDX) Reaches New 1-Year High on Analyst Upgrade

Marco Green
December 15, 2017

Morse Asset Management Inc now owns 19,653 shares of the shipping service provider's stock worth $4,433,000 after buying an additional 1,517 shares in the last quarter. The institutional investor held 2,514 shares of the air freight and delivery services company at the end of 2017Q2, valued at $546,000, down from 8,064 at the end of the previous reported quarter. United American Securities Inc who had been investing in Fedex Corp Com for a number of months, seems to be bullish on the $63.95B market cap company. The stock decreased 1.22% or $2.95 during the last trading session, reaching $239.07. Another trade for 10,000 shares valued at $2.20 million was sold by Colleran Donald F. Shares for $2.55 million were sold by Maier Henry J. Shareholders of record on Monday, December 11th will be issued a dividend of $0.50 per share. It has outperformed by 2.32% the S&P500. (FDX) stake by 265.45% reported in 2017Q2 SEC filing. Harbour Capital Advisors LLC now owns 1,424,815 shares of the shipping service provider's stock worth $6,556,000 after acquiring an additional 1,418,066 shares during the period. Becker Capital, Oregon-based fund reported 3,491 shares. First National Bank Of Hutchinson who had been investing in Woodward Inc Com for a number of months, seems to be bullish on the $4.67 billion market cap company. The stock decreased 0.83% or $0.28 during the last trading session, reaching $33.29. About 42,088 shares traded.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Tuesday, September 19th. It has outperformed by 5.85% the S&P500. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-three have given a buy rating to the stock. Therefore 62% are positive. FedEx had 92 analyst reports since August 14, 2015 according to SRatingsIntel. Deutsche Bank maintained the stock with "Buy" rating in Wednesday, September 2 report. The rating was maintained by Stifel Nicolaus with "Hold" on Wednesday, September 20. Stifel Nicolaus has "Hold" rating and $216.0 target. Credit Suisse maintained it with "Outperform" rating and $184 target in Tuesday, March 15 report. The firm has "Outperform" rating given on Friday, March 24 by Raymond James. The company was maintained on Thursday, September 17 by Oppenheimer. Robert W. Baird maintained the shares of FDX in report on Wednesday, June 21 with "Buy" rating. The firm earned "Buy" rating on Thursday, November 30 by Barclays Capital. Finally, Cowen reiterated a "buy" rating and set a $240.00 target price on shares of FedEx in a research report on Tuesday, September 12th. Wedge Capital Management L L P NC grew its stake in shares of FedEx by 10.6% in the 3rd quarter.

Investors sentiment decreased to 1.01 in Q2 2017. Its up 1.13, from 0.89 in 2017Q1. 71 funds opened positions while 184 raised stakes. The shipping service provider reported $2.51 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $3.17 by ($0.66). 1,050 were reported by Barnett & Co. Evergreen Cap Mngmt Limited Liability Corp reported 0.62% of its portfolio in FedEx Corporation (NYSE:FDX). Delta Mgmt Lc has invested 2.27% in FedEx Corporation (NYSE:FDX). The California-based California State Teachers Retirement System has invested 0.21% in FedEx Corporation (NYSE:FDX). 14,857 are held by Burney Com. 7,000 were accumulated by Md Sass Invsts Ser. Olstein LP owns 27,000 shares for 0.74% of their portfolio. West Oak Ltd Llc invested 0% of its portfolio in PriceSmart, Inc. Of Vermont accumulated 15,601 shares or 0.35% of the stock. Noesis Mangement Corp reported 0.08% of its portfolio in FedEx Corporation (NYSE:FDX). Canada Pension Plan Investment Board holds 1.74% or 3.50M shares in its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) holds 84,022 shares or 0.35% of its portfolio. Andra AP fonden now owns 28,500 shares of the shipping service provider's stock worth $6,429,000 after purchasing an additional 4,900 shares during the last quarter. State Street Corp owns 460,954 shares or 0% of their U.S. portfolio. Moreover, Bridgeway has 0% invested in FedEx Corporation (NYSE:FDX). (NYSE:BLK). Ingalls And Snyder Lc holds 0.05% of its portfolio in BlackRock, Inc. It is negative, as 53 investors sold FedEx Corporation shares while 373 reduced holdings. 14,964 FedEx Corporation (NYSE:FDX) shares with value of $3.38M were sold by DUCKER MICHAEL L. Profit Inv Limited Co has invested 1.58% in FedEx Corporation (NYSE:FDX).

Since August 2, 2017, it had 0 insider buys, and 11 sales for $64.04 million activity. The insider HALBROOK JOHN A sold $609,166. Amer Century Inc invested in 0% or 7,130 shares. Its up 0.11, from 0.69 in 2017Q1. Following the transaction, the director now owns 14,400 shares in the company, valued at $2,827,872. 95 funds opened positions while 320 raised stakes. Levin Strategies Lp accumulated 0.02% or 4,000 shares. British Columbia Investment Mgmt owns 108,900 shares. (NASDAQ:WWD) for 31,199 shares. Krilogy Financial LLC grew its holdings in FedEx by 0.4% during the second quarter. (NASDAQ:WWD). Ahl Prtn Llp stated it has 11,571 shares. Cedar Hill Associates Ltd Liability Corporation reported 65,572 shares. Georgia-based Homrich & Berg has invested 0.05% in FedEx Corporation (NYSE:FDX). (NASDAQ:WWD). Pennsylvania-based Vanguard Group has invested 0.01% in Woodward, Inc. Therefore 82% are positive. The rating was initiated by Wunderlich on Friday, October 21 with "Buy". Stifel Nicolaus maintained the stock with "Hold" rating in Monday, August 14 report. Following the transaction, the insider now directly owns 36,747 shares in the company, valued at $8,395,219.62.

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