According to its most recent filing with the SEC, Polaris Capital Management LLC liquidated a slightly lower percentage of its holdings in FedEx Company (NYSE: FDX) during the third quarter.
Polaris Capital Management LLC provided this information. Following the sale of 2,400 shares throughout the time frame, the institutional investor ended up with 209,000 shares of the stock held by the transportation service provider.
At the end of the most recent fiscal quarter, Polaris Capital Management LLC held a stake in FedEx equal to 0.08% of the company’s total ownership, which had a value of $31,030,000.
Recent transactions have resulted in several institutional investors and other hedge funds modifying the amount of the company’s stock that they currently hold in their portfolios.
During the third quarter of the fiscal year, Wedbush Securities INC increased the percentage of FedEx stock owned by 26.7%.
After purchasing an additional 1,898 shares during the most recent quarter, Wedbush Securities INC now owns 8,998 shares of the transportation service provider’s stock.
Based on the stock’s current price in the market, the company’s stock is currently valued at $1,336,000.
The investment firm Janney Montgomery Scott LLC increased the proportion of its holdings invested in FedEx by 12.4% during the third quarter. Janney Montgomery Scott LLC now has a total of 112,949 shares of the shipping service provider’s stock, which have a combined market value of $16,770,000.
This resulted from purchasing 12,455 additional shares during the most recent fiscal quarter.
During the third quarter, Raymond James & Associates made a 5.8 percentage point increase in the proportion of FedEx stock that it owned.
After the most recent acquisition of 19,145 shares during the most recent quarter, Raymond James & Associates now owns a total of 348,770 shares of the stock of the transportation service provider, which have a total value of $51,784,000.
This brings the total value of the company’s holdings to $51,784,000.
During the third quarter, Benjamin Edwards INC increased the percentage of FedEx stock it owned in its portfolio by 14.3%.
As a result of the purchase of an additional 337 shares during the most recent quarter, Benjamin Edwards, INC now holds a total of 2,697 shares of the stock held by the transportation service provider.
Based on the stock’s current price, this gives the company a total value of $400,000.
During the third quarter of this year, Sumitomo Mitsui Trust Holdings INC increased the proportion of FedEx stock it owns by 4.3%.
This was done so that it could compete with other investors. Sumitomo Mitsui Trust Holdings INC now holds a total of 793,357 shares of the stock of the transportation service provider, which has a market value of $117,790,000.
This resulted from acquiring 32,968 additional shares during the most recent fiscal quarter.
To the tune of 72.02 percent, the company’s stock is owned by institutional investors and hedge funds.
The FDX reports are now accessible to customers of various brokerages, thanks to their dissemination.
In a research note released on December 13th, Wells Fargo & Company raised their price target for FedEx to $160 per share.
The note was part of their coverage of the company.
They stated in the note that they considered the company “equal weight,” and they raised their price target from $160.00 to $185.00.
Deutsche Bank Aktiengesellschaft announced, in a research note made public on November 28th, that they were increasing their price target on FedEx from $190.00 to $217.00. Goldman Sachs Group established a target price for FedEx of $218.00 in a research report released on Monday, January 2nd.
The report was published online. UBS Group’s research note on FedEx, published on February 2nd and set a price target of $225.00 for the company, was the subject of a research note that UBS Group published.
Evercore ISI lowered their price objective for FedEx from $225.00 to $202.00 and gave the company an “outperform” rating in a research report published on Monday, December 19th.
Eleven research firms have been assigned.
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