Investors sentiment decreased to 0.95 in 2019 Q2. Its down 0.20, from 1.15 in 2019Q1. It dropped, as 74 investors sold FDX shares while 372 reduced holdings. 98 funds opened positions while 325 raised stakes. 179.71 million shares or 2.65% more from 175.06 million shares in 2019Q1 were reported. Cambridge Inv Advisors, Iowa-based fund reported 28,539 shares. State Bank Of The West accumulated 30,045 shares. Cabot owns 1,300 shares. Todd Asset Management Ltd holds 0.36% or 79,583 shares. Field & Main National Bank, a Kentucky-based fund reported 50 shares. Patten Patten Incorporated Tn holds 0.04% or 2,527 shares. 43,042 were reported by Wilsey Asset Mgmt. Front Barnett Assoc Lc holds 68,517 shares. Advisor Prtnrs Ltd Com holds 0.12% or 5,773 shares. Miller Howard Ny holds 0.38% or 79,237 shares. Perritt Mgmt stated it has 3,814 shares or 0.26% of all its holdings. Plancorp Llc owns 0.09% invested in FedEx Corporation (NYSE:FDX) for 1,371 shares. Envestnet Asset Management reported 243,026 shares. The Pennsylvania-based Miller Investment Mgmt Limited Partnership has invested 0.09% in FedEx Corporation (NYSE:FDX). Allsquare Wealth Mngmt Limited Com has 369 shares for 0.05% of their portfolio.
Since July 12, 2019, it had 2 insider purchases, and 0 selling transactions for $354,364 activity. $253,750 worth of FedEx Corporation (NYSE:FDX) was bought by MARTIN R BRAD on Friday, September 27.
Huntington National Bank decreased its stake in Fedex Corp (FDX) by 20.12% based on its latest 2019Q2 regulatory filing with the SEC. Huntington National Bank sold 23,524 shares as the company’s stock declined 8.13% . The institutional investor held 93,388 shares of the air freight and delivery services company at the end of 2019Q2, valued at $15.33 million, down from 116,912 at the end of the previous reported quarter. Huntington National Bank who had been investing in Fedex Corp for a number of months, seems to be less bullish one the $40.14B market cap company. The stock increased 1.79% or $2.7 during the last trading session, reaching $153.84. About 1.83 million shares traded. FedEx Corporation (NYSE:FDX) has declined 29.08% since December 4, 2018 and is downtrending. It has underperformed by 29.08% the S&P500.
Huntington National Bank, which manages about $6.21 billion US Long portfolio, upped its stake in Edwards Lifesciences Corp (NYSE:EW) by 16,728 shares to 309,218 shares, valued at $57.13M in 2019Q2, according to the filing. It also increased its holding in Wec Energy Group Inc by 49,090 shares in the quarter, for a total of 197,748 shares, and has risen its stake in Crown Castle Intl Corp (NYSE:CCI).
Analysts await FedEx Corporation (NYSE:FDX) to report earnings on December, 17 after the close. They expect $2.86 earnings per share, down 29.03 % or $1.17 from last year’s $4.03 per share. FDX’s profit will be $746.20 million for 13.45 P/E if the $2.86 EPS becomes a reality. After $3.05 actual earnings per share reported by FedEx Corporation for the previous quarter, Wall Street now forecasts -6.23 % negative EPS growth.
More notable recent FedEx Corporation (NYSE:FDX) news were published by: Finance.Yahoo.com which released: “Need To Know: FedEx Corporation (NYSE:FDX) Insiders Have Been Buying Shares – Yahoo Finance” on May 21, 2019, also Bizjournals.com with their article: “Looking to buy a business? A Phoenix FedEx route is available for $500,000 – Phoenix Business Journal” published on November 04, 2019, Benzinga.com published: “December Outlook: Will Trade Bells Start Ringing As Shopping Season Kicks Off? – Benzinga” on November 26, 2019. More interesting news about FedEx Corporation (NYSE:FDX) were released by: Seekingalpha.com and their article: “FedEx discontinues pension for new hires – Seeking Alpha” published on November 19, 2019 as well as Finance.Yahoo.com‘s news article titled: “Is FedEx Corporation (NYSE:FDX) Investing Your Capital Efficiently? – Yahoo Finance” with publication date: October 28, 2019.
FedEx Corporation (NYSE:FDX) Ratings Coverage
Among 13 analysts covering FedEx Corporation Common Stock (NYSE:FDX), 6 have Buy rating, 1 Sell and 6 Hold. Therefore 46% are positive. FedEx Corporation Common Stock has $228 highest and $13200 lowest target. $169.21’s average target is 9.99% above currents $153.84 stock price. FedEx Corporation Common Stock had 22 analyst reports since June 12, 2019 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, June 20 by Cowen & Co. JP Morgan maintained FedEx Corporation (NYSE:FDX) rating on Wednesday, September 18. JP Morgan has “Neutral” rating and $14600 target. The rating was maintained by Berenberg on Friday, October 11 with “Hold”. The rating was downgraded by Stifel Nicolaus to “Hold” on Wednesday, September 18. The rating was downgraded by Bernstein to “Market Perform” on Wednesday, October 9. Deutsche Bank downgraded FedEx Corporation (NYSE:FDX) on Wednesday, September 18 to “Hold” rating. Robert W. Baird maintained it with “Outperform” rating and $17500 target in Wednesday, September 18 report. The rating was maintained by JP Morgan on Wednesday, June 26 with “Neutral”. As per Thursday, June 20, the company rating was maintained by Raymond James. Raymond James maintained the stock with “Outperform” rating in Wednesday, June 26 report.
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