Rosenblum Silverman Sutton S F INC Increases Holding in Fedex Corp. (FDX)

July 27, 2018 - By Matthew Richard

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. Moreover, Cambridge Invest Research Advsrs has 0.05% invested in FedEx Corporation (NYSE:FDX) for 19,904 shares. Usa Financial Portformulas has 885 shares. Pennsylvania Tru Co holds 13,645 shares or 0.15% of its portfolio. Kentucky Retirement Ins Trust Fund holds 0.27% of its portfolio in FedEx Corporation (NYSE:FDX) for 5,642 shares. Highlander Capital Management Limited Liability Co accumulated 1,600 shares. Miles Capital Inc holds 0.98% in FedEx Corporation (NYSE:FDX) or 7,387 shares. The New York-based Fred Alger Incorporated has invested 0.18% in FedEx Corporation (NYSE:FDX). Cubic Asset Management Ltd Limited Liability Company invested in 2.08% or 30,625 shares. Regent Investment Mgmt Llc reported 1.3% stake. Alps reported 3,101 shares stake. Ally Fincl has 8,000 shares for 0.29% of their portfolio. Hyman Charles D holds 0.03% in FedEx Corporation (NYSE:FDX) or 972 shares. Profit Invest Mgmt Llc has 6,435 shares for 1.31% of their portfolio. Advantus Cap Mgmt has invested 0.15% of its portfolio in FedEx Corporation (NYSE:FDX). National Bank Of Nova Scotia reported 31,412 shares.

Since February 6, 2018, it had 1 buying transaction, and 2 insider sales for $32.84 million activity. WALSH PAUL S had sold 4,400 shares worth $1.12 million. Shares for $31.74M were sold by SMITH FREDERICK W on Wednesday, April 18.

Rosenblum Silverman Sutton S F Inc increased its stake in Fedex Corp. (FDX) by 155.37% based on its latest 2018Q1 regulatory filing with the SEC. Rosenblum Silverman Sutton S F Inc bought 13,621 shares as the company’s stock declined 1.18% with the market. The institutional investor held 22,388 shares of the air freight and delivery services company at the end of 2018Q1, valued at $5.38 million, up from 8,767 at the end of the previous reported quarter. Rosenblum Silverman Sutton S F Inc who had been investing in Fedex Corp. for a number of months, seems to be bullish on the $64.46 billion market cap company. The stock increased 0.42% or $1 during the last trading session, reaching $241.24. About 1.51 million shares traded. FedEx Corporation (NYSE:FDX) has risen 29.10% since July 27, 2017 and is uptrending. It has outperformed by 16.53% the S&P500.

Rosenblum Silverman Sutton S F Inc, which manages about $291.11M and $281.06 million US Long portfolio, decreased its stake in Amazon.Com Inc (NASDAQ:AMZN) by 2,311 shares to 11,482 shares, valued at $16.62M in 2018Q1, according to the filing.

More notable recent FedEx Corporation (NYSE:FDX) news were published by: Seekingalpha.com which released: “Wall Street Breakfast: Earnings Season Kicks Into High Gear” on July 23, 2018, also Benzinga.com with their article: “What Is The Fallout From The Dynamex Decision?” published on July 10, 2018, Benzinga.com published: “Ohio Moves Forward On Autonomous, But Public Still Needs Assurance” on July 10, 2018. More interesting news about FedEx Corporation (NYSE:FDX) were released by: Seekingalpha.com and their article: “UBS weighs in on FedEx and UPS” published on July 16, 2018 as well as Seekingalpha.com‘s news article titled: “Wolfe Research updates on FedEx” with publication date: July 06, 2018.

FedEx Corporation (NYSE:FDX) Ratings Coverage

Among 10 analysts covering FedEx (NYSE:FDX), 9 have Buy rating, 0 Sell and 1 Hold. Therefore 90% are positive. FedEx has $315 highest and $240 lowest target. $275.38’s average target is 14.15% above currents $241.24 stock price. FedEx had 16 analyst reports since February 11, 2018 according to SRatingsIntel. As per Thursday, June 7, the company rating was maintained by Citigroup. On Wednesday, June 20 the stock rating was maintained by Credit Suisse with “Outperform”. The rating was maintained by Oppenheimer with “Buy” on Wednesday, June 20. The rating was maintained by Morgan Stanley on Monday, June 4 with “Equal-Weight”. The firm has “Buy” rating by Stephens given on Wednesday, March 21. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, March 21. The stock of FedEx Corporation (NYSE:FDX) earned “Outperform” rating by Robert W. Baird on Thursday, March 15. The company was upgraded on Friday, February 23 by Bernstein. The rating was maintained by Oppenheimer on Wednesday, May 16 with “Buy”. KeyBanc Capital Markets maintained FedEx Corporation (NYSE:FDX) on Wednesday, March 21 with “Overweight” rating.

FedEx Corporation (NYSE:FDX) Institutional Positions Chart

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