Dodge & Cox Has Boosted Position in Fedex Corp (FDX) by $645.83 Million as Stock Value Declined

FedEx Corporation (NYSE:FDX) LogoInvestors sentiment increased to 1.15 in Q1 2019. Its up 0.28, from 0.87 in 2018Q4. It increased, as 88 investors sold FDX shares while 329 reduced holdings. 106 funds opened positions while 372 raised stakes. 175.06 million shares or 9.39% less from 193.20 million shares in 2018Q4 were reported. Harris Assocs Limited Partnership, Illinois-based fund reported 1.31M shares. Geode Capital Limited Liability holds 0.14% or 2.89 million shares. M&T Bancshares holds 198,672 shares. Cullen Frost Bankers Incorporated has invested 0.03% of its portfolio in FedEx Corporation (NYSE:FDX). Malaga Cove Capital stated it has 34,911 shares. Alps Advsr Inc holds 0% of its portfolio in FedEx Corporation (NYSE:FDX) for 2,719 shares. Private Group Inc Inc holds 125,379 shares. Charter Tru stated it has 0.03% in FedEx Corporation (NYSE:FDX). Cna Fincl Corporation stated it has 21,700 shares. Murphy Mngmt Inc holds 0.49% in FedEx Corporation (NYSE:FDX) or 17,688 shares. Tiaa Cref Mgmt Ltd reported 0.1% of its portfolio in FedEx Corporation (NYSE:FDX). Cim Investment Mangement holds 0.29% or 4,124 shares in its portfolio. Palladium Prtnrs Ltd Liability Corp stated it has 38,063 shares. Thomas Story & Son Limited Liability Corporation accumulated 1.5% or 15,735 shares. Altavista Wealth Mngmt has invested 0.11% of its portfolio in FedEx Corporation (NYSE:FDX).

Since February 4, 2019, it had 0 insider buys, and 1 insider sale for $419,160 activity.

Dodge & Cox increased its stake in Fedex Corp (FDX) by 22.38% based on its latest 2019Q1 regulatory filing with the SEC. Dodge & Cox bought 3.57M shares as the company’s stock declined 7.05% while stock markets rallied. The institutional investor held 19.51M shares of the air freight and delivery services company at the end of 2019Q1, valued at $3.54B, up from 15.95 million at the end of the previous reported quarter. Dodge & Cox who had been investing in Fedex Corp for a number of months, seems to be bullish on the $43.64 billion market cap company. The stock increased 3.00% or $4.87 during the last trading session, reaching $167.47. About 3.22 million shares traded or 48.05% up from the average. FedEx Corporation (NYSE:FDX) has declined 31.35% since July 14, 2018 and is downtrending. It has underperformed by 35.78% the S&P500.

Dodge & Cox, which manages about $121.82 billion US Long portfolio, decreased its stake in Comcast Corp (NASDAQ:CMCSA) by 891,936 shares to 126.66M shares, valued at $5.06 billion in 2019Q1, according to the filing. It also reduced its holding in Astrazeneca Plc (NYSE:AZN) by 102,200 shares in the quarter, leaving it with 49.41M shares, and cut its stake in Petroleo Brasileiro Sa.

More notable recent FedEx Corporation (NYSE:FDX) news were published by: Businesswire.com which released: “Glancy Prongay & Murray LLP Announces the Filing of a Securities Class Action on Behalf of FedEx Corporation Investors – Business Wire” on July 12, 2019, also Finance.Yahoo.com with their article: “SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of BUD and FDX of Upcoming Deadlines – Yahoo Finance” published on July 09, 2019, Globenewswire.com published: “The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of TUSK, CLDR, PYX and FDX – GlobeNewswire” on July 09, 2019. More interesting news about FedEx Corporation (NYSE:FDX) were released by: Benzinga.com and their article: “FreightWaves Radio Preview: The Outlook For IMO2020; Convoy, Retention And The Last-Mile – Benzinga” published on July 05, 2019 as well as Globenewswire.com‘s news article titled: “FDX CLASS ACTION ALERT: Hagens Berman Alerts FedEx (FDX) Investors to Securities Class Action, Encourages Investors Who Suffered $50,000+ Losses to Contact the Firm – GlobeNewswire” with publication date: June 27, 2019.

FedEx Corporation (NYSE:FDX) Ratings Coverage

Among 19 analysts covering FedEx (NYSE:FDX), 13 have Buy rating, 1 Sell and 5 Hold. Therefore 68% are positive. FedEx had 37 analyst reports since March 7, 2019 according to SRatingsIntel. Citigroup maintained the stock with “Buy” rating in Thursday, March 7 report. Morgan Stanley maintained the stock with “Equal-Weight” rating in Friday, May 31 report. J.P. Morgan downgraded it to “Hold” rating and $202 target in Wednesday, March 20 report. Deutsche Bank maintained FedEx Corporation (NYSE:FDX) on Wednesday, March 20 with “Buy” rating. Raymond James maintained FedEx Corporation (NYSE:FDX) rating on Thursday, June 20. Raymond James has “Outperform” rating and $20000 target. The company was maintained on Thursday, March 21 by Wells Fargo. The stock of FedEx Corporation (NYSE:FDX) earned “Buy” rating by Stifel Nicolaus on Wednesday, March 20. Credit Suisse maintained it with “Outperform” rating and $17500 target in Wednesday, June 26 report. On Thursday, March 14 the stock rating was maintained by Cowen & Co with “Buy”. JP Morgan maintained it with “Neutral” rating and $17200 target in Wednesday, June 26 report.

FedEx Corporation (NYSE:FDX) Institutional Positions Chart

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