Institutional Investors Lead Shift in Fedex Corp (NYSE:FDX) Sentiment

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Sentiment for Fedex Corp (NYSE:FDX)

Fedex Corp (NYSE:FDX) institutional sentiment decreased to 0.95 in Q2 2019. Its down -0.20, from 1.15 in 2019Q1. The ratio dropped, as 423 institutional investors increased and opened new holdings, while 446 sold and decreased stakes in Fedex Corp. The institutional investors in our partner’s database reported: 179.71 million shares, up from 175.06 million shares in 2019Q1. Also, the number of institutional investors holding Fedex Corp in their top 10 holdings decreased from 23 to 18 for a decrease of 5. Sold All: 74 Reduced: 372 Increased: 325 New Position: 98.

FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company has market cap of $45.42 billion. The companyÂ’s FedEx Express segment provides various shipping services for the delivery of packages and freight; international trade services specializing in customs brokerage, and ocean and air freight forwarding services; assistance with the customs-trade partnership against terrorism program; and customs clearance services, as well as an information tool that allows clients to track and manage imports. It has a 85.76 P/E ratio. This segment also publishes customs duty and tax information; and offers transportation management and temperature-controlled transportation services.

The stock increased 0.34% or $0.59 during the last trading session, reaching $174.1. About 1.38M shares traded. FedEx Corporation (NYSE:FDX) has declined 29.08% since September 13, 2018 and is downtrending. It has underperformed by 29.08% the S&P500.

Analysts await FedEx Corporation (NYSE:FDX) to report earnings on September, 17 after the close. They expect $3.20 earnings per share, down 7.51 % or $0.26 from last year’s $3.46 per share. FDX’s profit will be $834.78 million for 13.60 P/E if the $3.20 EPS becomes a reality. After $5.01 actual earnings per share reported by FedEx Corporation for the previous quarter, Wall Street now forecasts -36.13 % negative EPS growth.

Matthew 25 Management Corp holds 8.15% of its portfolio in FedEx Corporation for 136,000 shares. Greenhaven Associates Inc owns 2.73 million shares or 7.82% of their US portfolio. Moreover, Southeastern Asset Management Inc Tn has 7.01% invested in the company for 2.60 million shares. The Minnesota-based Minneapolis Portfolio Management Group Llc has invested 4.91% in the stock. Trinity Street Asset Management Llp, a United Kingdom-based fund reported 153,425 shares.

Since January 1, 0001, it had 1 buy, and 0 selling transactions for $100,614 activity.

FedEx Corporation (NYSE:FDX) Ratings Coverage

Ratings analysis reveals 68% of FedEx’s analysts are positive. Out of 19 Wall Street analysts rating FedEx, 13 give it “Buy”, 1 “Sell” rating, while 5 recommend “Hold”. The lowest target is $14300 while the high is $262. The stock’s average target of $199 is 14.30% above today’s ($174.1) share price. FDX was included in 35 notes of analysts from March 14, 2019. KeyBanc Capital Markets maintained FedEx Corporation (NYSE:FDX) on Wednesday, March 20 with “Overweight” rating. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, March 20. The stock of FedEx Corporation (NYSE:FDX) earned “Sell” rating by UBS on Friday, May 31. Wells Fargo maintained FedEx Corporation (NYSE:FDX) rating on Thursday, March 21. Wells Fargo has “Outperform” rating and $220 target. Bank of America maintained it with “Neutral” rating and $17300 target in Friday, May 31 report. The rating was maintained by Bank of America on Monday, March 18 with “Buy”. Deutsche Bank maintained the stock with “Buy” rating in Wednesday, March 20 report. The firm earned “Equal-Weight” rating on Wednesday, March 20 by Morgan Stanley. The stock of FedEx Corporation (NYSE:FDX) earned “Outperform” rating by Raymond James on Wednesday, June 26. The stock has “Outperform” rating by Raymond James on Thursday, June 20.

More notable recent FedEx Corporation (NYSE:FDX) news were published by: Finance.Yahoo.com which released: “INVESTOR ALERT – FedEx Corporation (FDX) – Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action and Lead Plaintiff Deadline: August 26, 2019 – Yahoo Finance” on August 21, 2019, also Finance.Yahoo.com with their article: “Signal Says to Ditch This Shipping Dud Before Things Get Worse – Yahoo Finance” published on August 30, 2019, Finance.Yahoo.com published: “The 1 Key Number You Should Focus On at UPS – Yahoo Finance” on August 16, 2019. More interesting news about FedEx Corporation (NYSE:FDX) were released by: Finance.Yahoo.com and their article: “FINAL DEADLINE ALERT – FedEx Corporation (FDX) – Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action and Lead Plaintiff Deadline: August 26, 2019 – Yahoo Finance” published on August 26, 2019 as well as Finance.Yahoo.com‘s news article titled: “Michael Burry Buys 4 Stocks in Addition to GameStop – Yahoo Finance” with publication date: August 23, 2019.

FedEx Corporation (NYSE:FDX) Institutional Positions Chart

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