Fedex (FDX) Stake Maintained by Menora Mivtachim Holdings Ltd; S&Co Lowered 3M Company Com (MMM) Holding by $512,898

June 14, 2018 - By Winifred Garcia

FedEx Corporation (NYSE:FDX) Logo

S&Co Inc decreased its stake in 3M Company Com (MMM) by 3.66% based on its latest 2018Q1 regulatory filing with the SEC. S&Co Inc sold 2,342 shares as the company’s stock declined 18.48% with the market. The institutional investor held 61,622 shares of the medical and dental instruments company at the end of 2018Q1, valued at $13.53M, down from 63,964 at the end of the previous reported quarter. S&Co Inc who had been investing in 3M Company Com for a number of months, seems to be less bullish one the $120.89B market cap company. The stock decreased 0.61% or $1.26 during the last trading session, reaching $203.63. About 2.18M shares traded. 3M Company (NYSE:MMM) has declined 0.26% since June 14, 2017 and is downtrending. It has underperformed by 12.83% the S&P500. Some Historical MMM News: 25/05/2018 – Hartford Value HLS Adds US Foods Holding, Exits 3M Co; 21/05/2018 – 3M NAMES GAYLE SCHUELLER CHIEF SUSTAINABILITY OFFICER; 09/05/2018 – 3M – MOJDEH POUL IS APPOINTED EXECUTIVE VICE PRESIDENT, SAFETY AND GRAPHICS BUSINESS GROUP, EFFECTIVE JULY 1; 13/04/2018 – Canada 3M CDOR Yield at 1.93% by End-3Q vs 1.90% Prior (Survey); 24/04/2018 – 3M trims full-year earnings and sales guidance; 30/05/2018 – 3M Announces Upcoming Investor Event; 26/04/2018 – RadioResource: Harris XL Radios Integrated with 3M Scott SCBA Equipment; 24/04/2018 – 3M Sees 2018 EPS $8.68-EPS $9.03; 16/05/2018 – Universal Laser Systems Adds More 3M Materials to Its Database; 05/03/2018 – 3M Announces New Leadership Appointments

Menora Mivtachim Holdings Ltd increased its stake in Fedex Corp (FDX) by 0.76% based on its latest 2018Q1 regulatory filing with the SEC. Menora Mivtachim Holdings Ltd bought 1,450 shares as the company’s stock declined 1.18% with the market. The institutional investor held 191,823 shares of the air freight and delivery services company at the end of 2018Q1, valued at $46.06 million, up from 190,373 at the end of the previous reported quarter. Menora Mivtachim Holdings Ltd who had been investing in Fedex Corp for a number of months, seems to be bullish on the $70.41 billion market cap company. The stock increased 0.21% or $0.56 during the last trading session, reaching $263.48. About 1.01 million shares traded. FedEx Corporation (NYSE:FDX) has risen 29.10% since June 14, 2017 and is uptrending. It has outperformed by 16.53% the S&P500. Some Historical FDX News: 26/03/2018 – FEDEX CORP – PLACED A RESERVATION FOR 20 TESLA SEMI TRUCKS. FULLY-ELECTRIC TRUCKS, WHICH ARE SCHEDULED TO BEGIN PRODUCTION IN 2019; 21/03/2018 – Having known Kudlow for years, Cramer argues that no one draws quite as close to his economic outlook as FedEx CEO Fred Smith; 20/03/2018 – FEDEX 3Q ADJ EPS $3.72, EST. $3.11; 20/03/2018 – Global Montreal: BREAKING: A package containing nails and shrapnel exploded at a FedEx centre in Texas early Tuesday morning,; 20/03/2018 – FEDEX CEO: TARIFFS ARE COUNTER PRODUCTIVE TO ECONOMIC GROWTH; 20/03/2018 – FedEx launches a service to improve the process of returning packages; 20/03/2018 – FedEx 3Q EPS $2.07; 20/03/2018 – KHOU 11 News Houston: Bomb found at FedEx near airport linked to Austin explosions; 29/05/2018 – FEDEX SAYS GOODWILL IMPAIRMENT CHARGE WAS RECOGNIZED BASED ON UNDERPERFORMANCE OF FEDEX SUPPLY CHAIN BUSINESS DURING FISCAL 2018 – SEC FILING; 30/04/2018 – JOHN A. SMITH NAMED FEDEX FREIGHT PRESIDENT, CEO

Since January 31, 2018, it had 0 buys, and 16 selling transactions for $30.99 million activity. 5,438 shares valued at $1.37 million were sold by THULIN INGE G on Wednesday, January 31. 8,834 3M Company (NYSE:MMM) shares with value of $2.19 million were sold by Bauman James L. $56,178 worth of 3M Company (NYSE:MMM) was sold by Vrohidis Ippocratis on Thursday, February 1. Shares for $419,846 were sold by Gangestad Nicholas C. 4,146 shares were sold by Roman Michael F, worth $1.02M on Friday, February 2. 3,133 shares valued at $742,051 were sold by Little Frank R Jr. on Friday, February 23.

Analysts await 3M Company (NYSE:MMM) to report earnings on July, 24. They expect $2.63 earnings per share, up 1.94% or $0.05 from last year’s $2.58 per share. MMM’s profit will be $1.56 billion for 19.36 P/E if the $2.63 EPS becomes a reality. After $2.50 actual earnings per share reported by 3M Company for the previous quarter, Wall Street now forecasts 5.20% EPS growth.

Investors sentiment decreased to 0.77 in Q1 2018. Its down 0.06, from 0.83 in 2017Q4. It is negative, as 65 investors sold MMM shares while 643 reduced holdings. 113 funds opened positions while 434 raised stakes. 377.88 million shares or 1.35% less from 383.04 million shares in 2017Q4 were reported. 467 are held by Gemmer Asset Mgmt Limited. Capstone Advisors Ltd Liability Corp invested in 0% or 646 shares. Thomas Story Son Limited Liability Company invested 4.84% of its portfolio in 3M Company (NYSE:MMM). Inv House Limited reported 26,750 shares. Reliance Trust Of Delaware holds 0.35% or 10,141 shares in its portfolio. Checchi Capital Advisers Ltd Liability Co invested 0.17% of its portfolio in 3M Company (NYSE:MMM). Lvm Capital Mi invested in 15,168 shares. Corbyn Investment Mgmt Inc Md holds 665 shares or 0.05% of its portfolio. Commerzbank Aktiengesellschaft Fi holds 0.36% or 148,307 shares. Family has 16,199 shares. Zwj Counsel holds 9,987 shares. Waters Parkerson Lc has invested 0.48% in 3M Company (NYSE:MMM). Marietta Inv Prns Ltd Limited Liability Company has invested 0.89% in 3M Company (NYSE:MMM). Lowe Brockenbrough & Com holds 1.4% or 43,210 shares. Altfest L J & Inc, New York-based fund reported 5,882 shares.

More notable recent 3M Company (NYSE:MMM) news were published by: Seekingalpha.com which released: “3M Company: It Didn’t Take A Crystal Ball To See That It Was Overvalued – Part 3” on May 31, 2018, also Seekingalpha.com with their article: “3M Company: Time To Break Up This Giant?” published on June 09, 2018, Seekingalpha.com published: “Jefferies cautious on 3M amid rate, recession fears” on May 16, 2018. More interesting news about 3M Company (NYSE:MMM) were released by: Livetradingnews.com and their article: “3M Company (NYSE:MMM) Stock Worth Watching” published on May 23, 2018 as well as Bizjournals.com‘s news article titled: “Four Twin Cities executives make national list of influential leaders in corporate diversity” with publication date: June 13, 2018.

Among 17 analysts covering 3M (NYSE:MMM), 8 have Buy rating, 4 Sell and 5 Hold. Therefore 47% are positive. 3M had 93 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Hold” rating by Jefferies given on Wednesday, May 16. The firm has “Buy” rating given on Tuesday, April 24 by CFRA. The firm has “Hold” rating given on Tuesday, August 25 by Deutsche Bank. The rating was maintained by RBC Capital Markets with “Underperform” on Friday, October 23. RBC Capital Markets maintained the stock with “Underperform” rating in Wednesday, October 26 report. Jefferies maintained the shares of MMM in report on Thursday, June 1 with “Buy” rating. The stock has “Buy” rating by Jefferies on Friday, May 26. The stock of 3M Company (NYSE:MMM) earned “Buy” rating by Credit Suisse on Wednesday, October 11. As per Wednesday, October 11, the company rating was maintained by RBC Capital Markets. Argus Research maintained 3M Company (NYSE:MMM) on Wednesday, April 25 with “Buy” rating.

Among 37 analysts covering FedEx (NYSE:FDX), 26 have Buy rating, 1 Sell and 10 Hold. Therefore 70% are positive. FedEx had 119 analyst reports since August 14, 2015 according to SRatingsIntel. The firm has “Equal-Weight” rating by Morgan Stanley given on Tuesday, February 23. On Thursday, September 3 the stock rating was downgraded by TheStreet to “Hold”. The stock has “Outperform” rating by BMO Capital Markets on Friday, March 24. The stock of FedEx Corporation (NYSE:FDX) earned “Buy” rating by Stephens on Wednesday, March 21. The rating was maintained by Citigroup with “Buy” on Friday, August 14. Robert W. Baird maintained FedEx Corporation (NYSE:FDX) rating on Wednesday, June 21. Robert W. Baird has “Buy” rating and $23000 target. The firm earned “Buy” rating on Wednesday, June 21 by Stephens. Barclays Capital maintained it with “Equal Weight” rating and $175 target in Monday, November 2 report. The stock has “Equal-Weight” rating by Morgan Stanley on Monday, June 4. BMO Capital Markets maintained the stock with “Buy” rating in Tuesday, December 19 report.

Since January 2, 2018, it had 1 buying transaction, and 4 insider sales for $45.54 million activity. 80 shares were bought by SCHWAB SUSAN C, worth $19,837 on Tuesday, February 6. Another trade for 124,000 shares valued at $31.74 million was made by SMITH FREDERICK W on Wednesday, April 18. Another trade for 46,555 shares valued at $11.89 million was sold by BRONCZEK DAVID J. STEINER DAVID P had sold 3,016 shares worth $802,405 on Friday, January 5.

Menora Mivtachim Holdings Ltd, which manages about $3.16B US Long portfolio, decreased its stake in Solaredge Technologies Inc by 1.25 million shares to 21,084 shares, valued at $105.73M in 2018Q1, according to the filing. It also reduced its holding in Comcast Corp New (NASDAQ:CMCSA) by 13,800 shares in the quarter, leaving it with 962,894 shares, and cut its stake in Visa Inc (NYSE:V).

More notable recent FedEx Corporation (NYSE:FDX) news were published by: Investorplace.com which released: “5 Top Stock Trades for Wednesday Morning” on June 12, 2018, also Benzinga.com with their article: “Bernstein: Amazon Flex Is No Threat To FedEx, UPS” published on May 26, 2018, Seekingalpha.com published: “FedEx Has The Largest Moat In The World And 40% Upside” on May 28, 2018. More interesting news about FedEx Corporation (NYSE:FDX) were released by: Seekingalpha.com and their article: “FedEx at the ready if UPS teamsters strike” published on June 08, 2018 as well as Investorplace.com‘s news article titled: “JD.Com Inc Stock Is Back on Track, and Could Head a Lot Higher” with publication date: June 14, 2018.

FedEx Corporation (NYSE:FDX) Institutional Positions Chart

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