As Fedex Corporation (FDX) Market Value Declined, Central Bank & Trust Co Has Increased Holding by $3.32 Million

June 19, 2017 - By Linda Rogers

Investors sentiment is 0.93 in Q4 2016. Its the same as in 2016Q3. It is without change, as 62 investors sold FDX shares while 367 reduced holdings. only 108 funds opened positions while 290 raised stakes. 196.16 million shares or 1.84% more from 192.62 million shares in 2016Q3 were reported. Ccm Advisers Ltd Liability accumulated 51,448 shares or 2.02% of the stock. California-based Concert Wealth has invested 0.18% in FedEx Corporation (NYSE:FDX). The New York-based Engineers Gate Manager Lp has invested 0.04% in FedEx Corporation (NYSE:FDX). Commerzbank Aktiengesellschaft Fi accumulated 48,944 shares. First Interstate Fincl Bank has invested 1.34% in FedEx Corporation (NYSE:FDX). Moreover, Qs Ltd Liability Company has 0.01% invested in FedEx Corporation (NYSE:FDX). Jpmorgan Chase & owns 453,708 shares. Cibc Ww Markets Incorporated has 0.04% invested in FedEx Corporation (NYSE:FDX) for 53,242 shares. Asset Advisors Corporation owns 28,830 shares. North Star Inv Mgmt holds 205 shares. Cantab Cap Partners Limited Liability Partnership reported 4,637 shares. 19,765 are owned by Stonebridge Capital Advsr Ltd. Wedge Cap L LP Nc stated it has 0.1% of its portfolio in FedEx Corporation (NYSE:FDX). Golub Group Limited Com stated it has 0.05% of its portfolio in FedEx Corporation (NYSE:FDX). Smithfield Tru reported 3,562 shares stake.

Since December 22, 2016, it had 0 buys, and 8 insider sales for $50.98 million activity. $25.52M worth of FedEx Corporation (NYSE:FDX) shares were sold by SMITH FREDERICK W. $2.28M worth of FedEx Corporation (NYSE:FDX) was sold by Cunningham David L Jr. Another trade for 4,400 shares valued at $864,068 was sold by WALSH PAUL S. $7.02M worth of FedEx Corporation (NYSE:FDX) shares were sold by BRONCZEK DAVID J. CARTER ROBERT B had sold 34,580 shares worth $6.61M on Wednesday, January 25. JACKSON SHIRLEY A had sold 6,145 shares worth $1.19M. The insider DUCKER MICHAEL L sold 12,899 shares worth $2.50 million.

Kelly Cardwell increased its stake in Fedex Corporation (FDX) by 155.62% based on its latest 2016Q4 regulatory filing with the SEC. Central Bank & Trust Co bought 17,870 shares as the company’s stock declined 2.24% while stock markets rallied. The hedge fund run by Kelly Cardwell held 29,353 shares of the air freight and delivery services company at the end of 2016Q4, valued at $5.47 million, up from 11,483 at the end of the previous reported quarter. Central Bank & Trust Co who had been investing in Fedex Corporation for a number of months, seems to be bullish on the $56.31B market cap company. The stock rose 0.02% or $0.05 reaching $210.55 per share. About 98,424 shares traded. FedEx Corporation (NYSE:FDX) has risen 19.02% since June 19, 2016 and is uptrending. It has outperformed by 2.32% the S&P500.

More notable recent FedEx Corporation (NYSE:FDX) news were published by: Nasdaq.com which released: “FedEx Corporation (FDX) Ex-Dividend Date Scheduled for June 20, 2017” on June 19, 2017, also Businesswire.com with their article: “FedEx Corp. Board Declares Quarterly Dividend” published on June 12, 2017, Bizjournals.com published: “FedEx president shows support for air traffic control reform” on June 06, 2017. More interesting news about FedEx Corporation (NYSE:FDX) were released by: Seekingalpha.com and their article: “FedEx’s Dividend Potential Is Just Beginning” published on June 15, 2017 as well as Seekingalpha.com‘s news article titled: “Reconsidering FedEx’s ‘Low’ Dividend Yield” with publication date: June 16, 2017.

FedEx Corporation (NYSE:FDX) Ratings Coverage

Among 27 analysts covering FedEx (NYSE:FDX), 16 have Buy rating, 1 Sell and 10 Hold. Therefore 59% are positive. FedEx had 57 analyst reports since August 14, 2015 according to SRatingsIntel. RBC Capital Markets maintained the shares of FDX in report on Thursday, September 17 with “Sector Perform” rating. Susquehanna upgraded FedEx Corporation (NYSE:FDX) on Thursday, March 30 to “Positive” rating. The company was maintained on Thursday, September 17 by Oppenheimer. The stock of FedEx Corporation (NYSE:FDX) earned “Buy” rating by Stifel Nicolaus on Wednesday, September 21. Oppenheimer maintained the shares of FDX in report on Wednesday, September 21 with “Outperform” rating. Standpoint Research upgraded the stock to “Buy” rating in Wednesday, January 20 report. On Tuesday, March 15 the stock rating was maintained by Credit Suisse with “Outperform”. The stock has “Outperform” rating by Credit Suisse on Monday, December 14. The firm earned “Equal-Weight” rating on Tuesday, February 23 by Morgan Stanley. The stock has “Buy” rating by Stifel Nicolaus on Thursday, March 17.

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