Canada Pension Plan Investment Board Lifted Fedex Corp Com (FDX) Stake by $26.21 Million

February 25, 2018 - By Winifred Garcia

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. Daiwa Grp has invested 0.01% of its portfolio in FedEx Corporation (NYSE:FDX). Manning And Napier Lc has 967,775 shares. Lafayette Invests holds 910 shares or 0.08% of its portfolio. Schnieders Capital Mgmt Ltd Liability Com stated it has 3,454 shares or 0.34% of all its holdings. Qs Invsts Limited Liability Corp reported 5,202 shares stake. Kistler holds 0.28% of its portfolio in FedEx Corporation (NYSE:FDX) for 3,010 shares. Koshinski Asset Mgmt stated it has 3,121 shares. Valley Natl Advisers has 0.02% invested in FedEx Corporation (NYSE:FDX) for 202 shares. 1.42M were reported by Morgan Stanley. Asset Management Inc holds 0.34% of its portfolio in FedEx Corporation (NYSE:FDX) for 89,536 shares. Pennsylvania has 0.15% invested in FedEx Corporation (NYSE:FDX) for 14,045 shares. Sterneck Cap Mgmt Ltd accumulated 1,064 shares or 0.14% of the stock. Moreover, Trustmark Bancshares Tru Department has 0.02% invested in FedEx Corporation (NYSE:FDX) for 916 shares. Amalgamated State Bank reported 0.21% stake. Clean Yield Group has 0.19% invested in FedEx Corporation (NYSE:FDX).

Since September 21, 2017, it had 1 buying transaction, and 6 selling transactions for $22.29 million activity. Another trade for 6,750 shares valued at $1.48 million was made by Subramaniam Rajesh on Thursday, September 21. Another trade for 3,016 shares valued at $802,405 was sold by STEINER DAVID P. On Thursday, September 21 the insider Colleran Donald F sold $2.20M. DUCKER MICHAEL L sold $3.38M worth of FedEx Corporation (NYSE:FDX) on Friday, September 29. Another trade for 80 shares valued at $19,837 was bought by SCHWAB SUSAN C. Maier Henry J had sold 11,150 shares worth $2.55M.

Canada Pension Plan Investment Board increased its stake in Fedex Corp Com (FDX) by 3.33% based on its latest 2017Q3 regulatory filing with the SEC. Canada Pension Plan Investment Board bought 116,500 shares as the company’s stock declined 2.24% while stock markets rallied. The institutional investor held 3.61 million shares of the air freight and delivery services company at the end of 2017Q3, valued at $814.88 million, up from 3.50M at the end of the previous reported quarter. Canada Pension Plan Investment Board who had been investing in Fedex Corp Com for a number of months, seems to be bullish on the $67.57 billion market cap company. The stock increased 2.77% or $6.79 during the last trading session, reaching $252.22. About 1.81M shares traded. FedEx Corporation (NYSE:FDX) has risen 19.02% since February 25, 2017 and is uptrending. It has outperformed by 2.32% the S&P500.

Canada Pension Plan Investment Board, which manages about $48.90B US Long portfolio, decreased its stake in American Tower Corp New Com (NYSE:AMT) by 352,600 shares to 714,109 shares, valued at $97.60 million in 2017Q3, according to the filing. It also reduced its holding in Universal Hlth Svcs Inc Cl B (NYSE:UHS) by 152,856 shares in the quarter, leaving it with 15,622 shares, and cut its stake in Gildan Activewear Inc Com (NYSE:GIL).

More news for FedEx Corporation (NYSE:FDX) were recently published by: Businesswire.com, which released: “FedEx Committing More Than $3.2 Billion in Wage Increases, Bonuses, Pension …” on January 26, 2018. Livetradingnews.com‘s article titled: “FedEx Corporation (NYSE:FDX) Heffx Technical Analysis” and published on February 12, 2018 is yet another important article.

FedEx Corporation (NYSE:FDX) Ratings Coverage

Among 37 analysts covering FedEx (NYSE:FDX), 25 have Buy rating, 1 Sell and 11 Hold. Therefore 68% are positive. FedEx had 108 analyst reports since August 14, 2015 according to SRatingsIntel. The rating was maintained by Cowen & Co with “Buy” on Friday, July 7. The rating was maintained by BMO Capital Markets with “Buy” on Tuesday, September 5. As per Friday, October 27, the company rating was maintained by BMO Capital Markets. On Wednesday, June 21 the stock rating was maintained by UBS with “Buy”. Cowen & Co maintained FedEx Corporation (NYSE:FDX) on Monday, December 18 with “Buy” rating. The stock of FedEx Corporation (NYSE:FDX) earned “Outperform” rating by Credit Suisse on Thursday, March 23. KeyBanc Capital Markets maintained it with “Buy” rating and $275.0 target in Wednesday, December 20 report. On Thursday, March 17 the stock rating was maintained by Avondale with “Market Outperform”. On Tuesday, March 15 the stock rating was maintained by Credit Suisse with “Outperform”. The firm has “Buy” rating given on Wednesday, December 20 by Robert W. Baird.

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