Neuberger Berman Group LLC Trimmed Its Fedex Corp (FDX) Position as Share Price Declined

May 17, 2018 - By Margaret Downey

FedEx Corporation (NYSE:FDX) LogoInvestors sentiment increased to 1.21 in Q4 2017. Its up 0.14, from 1.07 in 2017Q3. It increased, as 45 investors sold FDX shares while 366 reduced holdings. 137 funds opened positions while 361 raised stakes. 193.75 million shares or 3.04% less from 199.84 million shares in 2017Q3 were reported. Quantitative Systematic Strategies Lc reported 8,876 shares. Rothschild Il reported 0.27% in FedEx Corporation (NYSE:FDX). Bp Plc accumulated 28,500 shares. Intrust State Bank Na accumulated 2,580 shares. The Massachusetts-based Fmr has invested 0.1% in FedEx Corporation (NYSE:FDX). Highstreet Asset Mgmt owns 2,421 shares. 237,467 were accumulated by Chilton Investment Limited Com. Associated Banc reported 0.02% stake. First National Bank Of Omaha stated it has 0.51% in FedEx Corporation (NYSE:FDX). Amica Mutual Insur invested in 0.11% or 4,354 shares. Lsv Asset Management reported 0.7% in FedEx Corporation (NYSE:FDX). Greenhaven Associate Incorporated accumulated 2.97 million shares. Arizona State Retirement reported 79,101 shares or 0.19% of all its holdings. Ckw Financial Group accumulated 600 shares or 0.03% of the stock. Moreover, Virtu Financial Llc has 0.15% invested in FedEx Corporation (NYSE:FDX).

Since January 2, 2018, it had 1 buying transaction, and 4 selling transactions for $45.54 million activity. The insider SMITH FREDERICK W sold $31.74 million. The insider WALSH PAUL S sold 4,400 shares worth $1.12 million. Shares for $19,837 were bought by SCHWAB SUSAN C. $11.89M worth of FedEx Corporation (NYSE:FDX) was sold by BRONCZEK DAVID J.

Neuberger Berman Group Llc decreased its stake in Fedex Corp (FDX) by 6.15% based on its latest 2017Q4 regulatory filing with the SEC. Neuberger Berman Group Llc sold 132,817 shares as the company’s stock declined 6.15% with the market. The institutional investor held 2.03M shares of the air freight and delivery services company at the end of 2017Q4, valued at $506.14M, down from 2.16M at the end of the previous reported quarter. Neuberger Berman Group Llc who had been investing in Fedex Corp for a number of months, seems to be less bullish one the $66.39B market cap company. The stock increased 0.54% or $1.34 during the last trading session, reaching $248.46. About 1.07M shares traded. FedEx Corporation (NYSE:FDX) has risen 25.45% since May 17, 2017 and is uptrending. It has outperformed by 13.90% the S&P500.

Neuberger Berman Group Llc, which manages about $87.00B US Long portfolio, upped its stake in Fox Factory Holding Corp (NASDAQ:FOXF) by 843,914 shares to 1.99 million shares, valued at $77.25M in 2017Q4, according to the filing. It also increased its holding in Molina Healthcare Inc (NYSE:MOH) by 45,675 shares in the quarter, for a total of 578,696 shares, and has risen its stake in Ebay Inc (NASDAQ:EBAY).

Analysts await FedEx Corporation (NYSE:FDX) to report earnings on June, 19. They expect $5.72 earnings per share, up 34.59 % or $1.47 from last year’s $4.25 per share. FDX’s profit will be $1.53 billion for 10.86 P/E if the $5.72 EPS becomes a reality. After $3.72 actual earnings per share reported by FedEx Corporation for the previous quarter, Wall Street now forecasts 53.76 % EPS growth.

More notable recent FedEx Corporation (NYSE:FDX) news were published by: which released: “USPS returns to losing ways” on May 11, 2018, also with their article: “UPDATE: FedEx (FDX) PT Raised to $282 at Oppenheimer” published on May 16, 2018, published: “Despite An Earnings Beat, Shares Of FedEx Are Continuing To Look Weak In The Near Term” on May 04, 2018. More interesting news about FedEx Corporation (NYSE:FDX) were released by: and their article: “An Investment Overview On Alliance Data Systems” published on May 17, 2018 as well as‘s news article titled: “New Oanda CTO Should Drive Major FinTech Expansion” with publication date: April 26, 2018.

FedEx Corporation (NYSE:FDX) Ratings Coverage

Among 16 analysts covering FedEx (NYSE:FDX), 15 have Buy rating, 0 Sell and 1 Hold. Therefore 94% are positive. FedEx had 27 analyst reports since November 30, 2017 according to SRatingsIntel. The company was maintained on Wednesday, December 20 by Wells Fargo. KeyBanc Capital Markets maintained it with “Overweight” rating and $290 target in Wednesday, March 21 report. The rating was maintained by Credit Suisse with “Buy” on Wednesday, December 20. Susquehanna maintained it with “Buy” rating and $293.0 target in Wednesday, March 21 report. The stock has “Buy” rating by Oppenheimer on Friday, March 16. The stock of FedEx Corporation (NYSE:FDX) earned “Buy” rating by Barclays Capital on Thursday, November 30. On Friday, February 23 the stock rating was upgraded by Bernstein to “Outperform”. The company was upgraded on Wednesday, March 21 by Stifel Nicolaus. Cowen & Co maintained FedEx Corporation (NYSE:FDX) rating on Monday, December 18. Cowen & Co has “Buy” rating and $280.0 target. Bernstein maintained it with “Hold” rating and $236.0 target in Wednesday, December 20 report.

FedEx Corporation (NYSE:FDX) Institutional Positions Chart

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