Fedex Corp (FDX) Shareholder Covey Capital Advisors LLC Lowered Position by $15.21 Million

January 20, 2018 - By Richard Conner

Investors sentiment increased to 1.07 in 2017 Q3. Its up 0.06, from 1.01 in 2017Q2. It improved, as 49 investors sold FDX shares while 378 reduced holdings. 122 funds opened positions while 336 raised stakes. 199.84 million shares or 0.13% less from 200.09 million shares in 2017Q2 were reported. Northpointe Cap Limited Company, a Michigan-based fund reported 10,932 shares. Baldwin Invest Management Limited Company owns 4,477 shares for 0.38% of their portfolio. Moreover, Whittier Tru has 0.04% invested in FedEx Corporation (NYSE:FDX) for 4,685 shares. Dupont Corporation owns 6,314 shares. Hsbc Holdings Public Limited Company stated it has 0.14% of its portfolio in FedEx Corporation (NYSE:FDX). Nippon Life invested 0.04% of its portfolio in FedEx Corporation (NYSE:FDX). Riverhead Capital Limited Company invested in 4,023 shares. Taurus Asset Management Ltd Liability holds 0.05% or 1,351 shares. Jefferies Gp Limited Liability Corporation reported 0% stake. Mirae Asset Invs Ltd holds 0.05% or 11,001 shares. Afam Capital Inc accumulated 30,180 shares or 0.82% of the stock. Roffman Miller Associates Pa holds 3.05% or 102,614 shares in its portfolio. Highbridge Cap Management Limited Liability reported 45,000 shares. Strategic Advsr Ltd Liability Corporation holds 2,518 shares. Td Asset Mgmt holds 0.03% or 84,333 shares in its portfolio.

Since September 21, 2017, it had 0 buys, and 6 selling transactions for $22.31 million activity. 10,000 shares were sold by Colleran Donald F, worth $2.20M on Thursday, September 21. STEINER DAVID P also sold $802,405 worth of FedEx Corporation (NYSE:FDX) shares. 46,555 FedEx Corporation (NYSE:FDX) shares with value of $11.89 million were sold by BRONCZEK DAVID J. On Friday, September 29 the insider DUCKER MICHAEL L sold $3.38 million. On Thursday, October 26 the insider Maier Henry J sold $2.55M.

Covey Capital Advisors Llc decreased its stake in Fedex Corp (FDX) by 76.55% based on its latest 2017Q3 regulatory filing with the SEC. Covey Capital Advisors Llc sold 67,605 shares as the company’s stock declined 2.24% while stock markets rallied. The institutional investor held 20,714 shares of the air freight and delivery services company at the end of 2017Q3, valued at $4.67 million, down from 88,319 at the end of the previous reported quarter. Covey Capital Advisors Llc who had been investing in Fedex Corp for a number of months, seems to be less bullish one the $73.49 billion market cap company. The stock increased 0.79% or $2.14 during the last trading session, reaching $274.32. About 1.42M shares traded. FedEx Corporation (NYSE:FDX) has risen 19.02% since January 20, 2017 and is uptrending. It has outperformed by 2.32% the S&P500.

More recent FedEx Corporation (NYSE:FDX) news were published by: Fool.com which released: “Is FedEx Corporation (FDX) a Buy?” on January 10, 2018. Also Fool.com published the news titled: “5 Things FedEx Corporation’s Management Wants You to Know About 2018” on December 30, 2017. Businesswire.com‘s news article titled: “FedEx Realigns Specialty Logistics and E-Commerce Solutions” with publication date: January 16, 2018 was also an interesting one.

FedEx Corporation (NYSE:FDX) Ratings Coverage

Among 37 analysts covering FedEx (NYSE:FDX), 24 have Buy rating, 1 Sell and 12 Hold. Therefore 65% are positive. FedEx has $293.0 highest and $15.50 lowest target. $225.53’s average target is -17.79% below currents $274.32 stock price. FedEx had 106 analyst reports since August 14, 2015 according to SRatingsIntel. The stock of FedEx Corporation (NYSE:FDX) has “Neutral” rating given on Thursday, September 17 by Buckingham Research. Susquehanna maintained it with “Neutral” rating and $170 target in Friday, September 18 report. Deutsche Bank initiated FedEx Corporation (NYSE:FDX) rating on Wednesday, November 2. Deutsche Bank has “Buy” rating and $210 target. UBS maintained the stock with “Buy” rating in Friday, June 3 report. The rating was downgraded by Zacks on Monday, September 7 to “Sell”. The firm earned “Hold” rating on Thursday, September 3 by TheStreet. The stock has “Outperform” rating by Wells Fargo on Thursday, September 21. On Tuesday, October 10 the stock rating was initiated by KeyBanc Capital Markets with “Buy”. The stock has “Buy” rating by KeyBanc Capital Markets on Wednesday, December 20. As per Thursday, October 12, the company rating was maintained by JP Morgan.

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