As Fedex (FDX) Stock Declined, Shareholder Cannell Peter B & Company Has Cut Stake; Shareholder Smead Capital Management Lifted Kroger Co (KR) Stake

FedEx Corporation (NYSE:FDX) Logo

Smead Capital Management Inc increased its stake in Kroger Co (KR) by 18.96% based on its latest 2018Q3 regulatory filing with the SEC. Smead Capital Management Inc bought 358,635 shares as the company’s stock declined 9.32% with the market. The institutional investor held 2.25M shares of the food chains company at the end of 2018Q3, valued at $65.51M, up from 1.89M at the end of the previous reported quarter. Smead Capital Management Inc who had been investing in Kroger Co for a number of months, seems to be bullish on the $22.72 billion market cap company. The stock increased 1.53% or $0.43 during the last trading session, reaching $28.48. About 6.66 million shares traded. The Kroger Co. (NYSE:KR) has risen 8.52% since January 10, 2018 and is uptrending. It has outperformed by 8.52% the S&P500. Some Historical KR News: 23/05/2018 – KROGER CO -; 15/03/2018 – Kroger Had $76M Remaining on Existing Buyback Authorization as of Tuesda; 27/03/2018 – Bubbies Ice Cream Expands with Kroger Partnership; 23/03/2018 – Clay Eltzroth: #BREAKING: Now @CNBC is saying there’s ‘no truth’ to the Target-Kroger merger report, according to sourceā€¦; 30/05/2018 – Kroger Precision Marketing Launches Boosted Products in Search; 08/03/2018 – KROGER SEES FY EPS $1.95 TO $2.15; 14/03/2018 – Supervalu: 8 Stores to Be Sold to Kroger Mid-Atlantic; 09/03/2018 – Kroger Forecast Adds to Sector’s Cyclone of Squeezed Margins; 27/03/2018 – Kroger-Target Rumor May be Tip of Consolidation Iceberg; 08/03/2018 – Kroger Sees 2018 Capital Investments About $3B

Cannell Peter B & Company Inc decreased its stake in Fedex Corp (FDX) by 0.86% based on its latest 2018Q3 regulatory filing with the SEC. Cannell Peter B & Company Inc sold 1,287 shares as the company’s stock declined 22.66% with the market. The hedge fund held 148,124 shares of the air freight and delivery services company at the end of 2018Q3, valued at $35.67 million, down from 149,411 at the end of the previous reported quarter. Cannell Peter B & Company Inc who had been investing in Fedex Corp for a number of months, seems to be less bullish one the $44.41 billion market cap company. The stock decreased 0.28% or $0.47 during the last trading session, reaching $170.12. About 1.95 million shares traded. FedEx Corporation (NYSE:FDX) has declined 19.38% since January 10, 2018 and is downtrending. It has underperformed by 19.38% the S&P500. Some Historical FDX News: 04/04/2018 – Moody’s affirms Baa3 rating on Aero Nashville, LLC Project (TN); 26/04/2018 – The Palm Beach Post: BREAKING: Jeep crashes into Delray FedEx; 2 people, 1 dog injured; 21/03/2018 – Texas bombing suspect blows himself up as police close in- officials; 30/04/2018 – JOHN A. SMITH NAMED FEDEX FREIGHT PRESIDENT, CEO; 09/05/2018 – North Dakota’s Bob Rost, ‘One of a Kind’, Named America’s Favorite Crossing Guard; 08/05/2018 – METLIFE SAYS EXPECTS FEDEX TRANSFER DEAL TO CLOSE ON MAY 10; 20/03/2018 – FDX: PACKAGES WILL FLOW ACROSS FDX/TNT SYSTEMS BY MAY 31; 21/03/2018 – ABC News: EXCLUSIVE: Austin bombing suspect used the alias “Kelly Killmore” to ship two packages containing bombs via FedEx; 29/05/2018 – FEDEX SEES 4Q TOTAL ASSET IMPAIRMENT CHARGES APPROXIMATE $380M; 14/05/2018 – FEDEX CEO SMITH SPEAKS AT BLOCKCHAIN CONFERENCE IN NEW YORK

Since July 19, 2018, it had 0 buys, and 13 insider sales for $5.74 million activity. $18,879 worth of The Kroger Co. (NYSE:KR) was sold by FIKE CARIN L. Sharp Erin S sold $734,106 worth of stock. Another trade for 27,400 shares valued at $811,040 was sold by DONNELLY MICHAEL JOSEPH. BEYER ROBERT D sold 50,000 shares worth $1.37M. SCHLOTMAN J MICHAEL also sold $592,999 worth of The Kroger Co. (NYSE:KR) shares. MOORE CLYDE R had sold 13,000 shares worth $377,819 on Tuesday, October 30.

Smead Capital Management Inc, which manages about $762.03 million and $2.21B US Long portfolio, decreased its stake in Johnson & Johnson (NYSE:JNJ) by 7,220 shares to 287,012 shares, valued at $39.66M in 2018Q3, according to the filing. It also reduced its holding in Discovery Inc (NASDAQ:DISCA) by 129,708 shares in the quarter, leaving it with 5.14 million shares, and cut its stake in Target Corp (NYSE:TGT).

More notable recent The Kroger Co. (NYSE:KR) news were published by: Fool.com which released: “Why Costco Shares Got Crushed Today – Motley Fool” on December 14, 2018, also Seekingalpha.com with their article: “Kroger to partner with Inmar – Seeking Alpha” published on December 18, 2018, Benzinga.com published: “Kroger (NYSE:KR), Microsoft (NASDAQ:MSFT) Team Up For Challenge To Amazon (NASDAQ:AMZN)’s Grocery Play – Benzinga” on January 08, 2019. More interesting news about The Kroger Co. (NYSE:KR) were released by: Benzinga.com and their article: “Kroger Company (The) (NYSE:KR), Wal-Mart Stores, Inc. (NYSE:WMT) – Autonomous Cargo Vans To Deliver Walmart’s Groceries With Udelv – Benzinga” published on January 08, 2019 as well as Benzinga.com‘s news article titled: “What To Make Of Longtime Kroger CFO’s Retirement (NYSE:KR) – Benzinga” with publication date: December 18, 2018.

Among 37 analysts covering Kroger (NYSE:KR), 17 have Buy rating, 1 Sell and 19 Hold. Therefore 46% are positive. Kroger had 126 analyst reports since August 25, 2015 according to SRatingsIntel. The rating was reinitiated by Goldman Sachs on Tuesday, November 14 with “Neutral”. The rating was maintained by BMO Capital Markets on Monday, March 12 with “Market Perform”. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, October 13. The firm earned “Buy” rating on Monday, August 20 by Argus Research. The rating was downgraded by Cleveland on Tuesday, August 23 to “Hold”. The stock has “Peer Perform” rating by Wolfe Research on Wednesday, June 15. As per Monday, August 28, the company rating was maintained by RBC Capital Markets. On Thursday, September 17 the stock rating was maintained by Deutsche Bank with “Buy”. On Monday, September 11 the stock rating was maintained by Jefferies with “Hold”. The stock has “Hold” rating by Stephens on Friday, March 9.

Investors sentiment decreased to 0.9 in Q3 2018. Its down 0.14, from 1.04 in 2018Q2. It worsened, as 57 investors sold KR shares while 248 reduced holdings. 91 funds opened positions while 182 raised stakes. 597.32 million shares or 1.00% less from 603.37 million shares in 2018Q2 were reported. 48,952 were reported by Landscape Capital Management Limited Liability Com. Janney Montgomery Scott Ltd Liability Corp reported 73,971 shares. 35,220 are held by Mechanics Bancorporation Tru Department. Argent owns 39,658 shares. Meeder Asset Mgmt has 0.17% invested in The Kroger Co. (NYSE:KR). Asset Management One Ltd accumulated 0.08% or 1.36 million shares. Swiss Retail Bank has 0.08% invested in The Kroger Co. (NYSE:KR). New York-based Alliancebernstein Ltd Partnership has invested 0.04% in The Kroger Co. (NYSE:KR). Gradient Ltd Company invested in 14,836 shares or 0.02% of the stock. New Jersey-based Bessemer Grp Inc has invested 0% in The Kroger Co. (NYSE:KR). Invesco holds 5.52M shares. The Massachusetts-based Adage Cap Prtn Limited Liability Company has invested 0.02% in The Kroger Co. (NYSE:KR). Oakworth Cap invested in 240 shares. The Illinois-based Continental Advsr Ltd Com has invested 1.29% in The Kroger Co. (NYSE:KR). Andra Ap stated it has 0.24% of its portfolio in The Kroger Co. (NYSE:KR).

Analysts await FedEx Corporation (NYSE:FDX) to report earnings on March, 19. They expect $3.11 EPS, down 16.40% or $0.61 from last year’s $3.72 per share. FDX’s profit will be $811.85M for 13.68 P/E if the $3.11 EPS becomes a reality. After $4.03 actual EPS reported by FedEx Corporation for the previous quarter, Wall Street now forecasts -22.83% negative EPS growth.

Cannell Peter B & Company Inc, which manages about $3.77 billion and $2.83 billion US Long portfolio, upped its stake in Westrock Co by 76,603 shares to 753,125 shares, valued at $40.25 million in 2018Q3, according to the filing. It also increased its holding in International Business Machines (NYSE:IBM) by 17,100 shares in the quarter, for a total of 67,587 shares, and has risen its stake in Verizon Communications Inc (NYSE:VZ).

Since September 19, 2018, it had 2 buys, and 1 sale for $1.08 million activity. 1,000 FedEx Corporation (NYSE:FDX) shares with value of $225,156 were bought by Griffith Susan Patricia. $281,124 worth of FedEx Corporation (NYSE:FDX) was sold by EDWARDSON JOHN A.

Among 38 analysts covering FedEx (NYSE:FDX), 25 have Buy rating, 1 Sell and 12 Hold. Therefore 66% are positive. FedEx had 137 analyst reports since August 14, 2015 according to SRatingsIntel. The firm has “Positive” rating by Susquehanna given on Thursday, March 30. The firm earned “Buy” rating on Tuesday, September 18 by Bank of America. The rating was maintained by Robert W. Baird with “Buy” on Wednesday, December 20. The rating was maintained by UBS with “Neutral” on Wednesday, December 19. The firm earned “Buy” rating on Wednesday, January 20 by Standpoint Research. The rating was maintained by Credit Suisse on Tuesday, September 18 with “Outperform”. The rating was downgraded by Zacks to “Hold” on Monday, August 24. The stock of FedEx Corporation (NYSE:FDX) has “Buy” rating given on Tuesday, August 8 by Cowen & Co. Cowen & Co maintained it with “Outperform” rating and $240 target in Friday, December 16 report. Stifel Nicolaus maintained FedEx Corporation (NYSE:FDX) rating on Wednesday, December 20. Stifel Nicolaus has “Hold” rating and $272.0 target.

More notable recent FedEx Corporation (NYSE:FDX) news were published by: Benzinga.com which released: “FedEx Corporation (NYSE:FDX) – Low Carbon Standards Buoy Sustainable Jet Fuel Market – Benzinga” on December 18, 2018, also Seekingalpha.com with their article: “FedEx And UPS Are Both Too Cheap To Ignore – Seeking Alpha” published on December 14, 2018, Seekingalpha.com published: “Can FedEx Weather The Storm Of A Recession? – Seeking Alpha” on December 20, 2018. More interesting news about FedEx Corporation (NYSE:FDX) were released by: Benzinga.com and their article: “Amazon.com, Inc. (NASDAQ:AMZN), FedEx Corporation (NYSE:FDX) – Today’s Pickup: Carriers Position Drivers Closer to Home – Benzinga” published on December 19, 2018 as well as Benzinga.com‘s news article titled: “Credit Suisse: FedEx (NYSE:FDX) Concerns ‘Valid,’ But Selloff Creates Buying Opportunity – Benzinga” with publication date: December 12, 2018.

Investors sentiment increased to 1.29 in Q3 2018. Its up 0.18, from 1.11 in 2018Q2. It improved, as 42 investors sold FDX shares while 362 reduced holdings. 112 funds opened positions while 411 raised stakes. 183.43 million shares or 1.65% less from 186.50 million shares in 2018Q2 were reported. Stelac Advisory Llc accumulated 964 shares. Rmb Limited Liability Co invested 0.01% in FedEx Corporation (NYSE:FDX). Spirit Of America Management Corporation New York accumulated 5,610 shares or 0.17% of the stock. Tower Bridge holds 0% of its portfolio in FedEx Corporation (NYSE:FDX) for 72,160 shares. Moreover, Todd Asset Limited Liability has 0.59% invested in FedEx Corporation (NYSE:FDX). Bradley Foster And Sargent Inc Ct, a Connecticut-based fund reported 1,987 shares. Mirae Asset Global Investments Ltd has 10,032 shares for 0.02% of their portfolio. Rocky Mountain Advisers Llc accumulated 20 shares or 0.02% of the stock. 4,433 were accumulated by Pitcairn Company. Hanson & Doremus Invest Management owns 1,707 shares for 0.13% of their portfolio. Stonebridge Capital Advsrs Ltd Com accumulated 21,315 shares. Profund Advisors Limited Liability Company has 0.05% invested in FedEx Corporation (NYSE:FDX). Arrowstreet Capital Partnership invested 0.02% in FedEx Corporation (NYSE:FDX). Stock Yards Bank And Tru Co has invested 1.4% of its portfolio in FedEx Corporation (NYSE:FDX). Telos Cap holds 0.55% of its portfolio in FedEx Corporation (NYSE:FDX) for 7,087 shares.

FedEx Corporation (NYSE:FDX) Institutional Positions Chart