Pettyjohn Wood & White Has Increased Fedex Com (FDX) Holding; Rambus Inc. (RMBS) Covered By 7 Bulls

May 16, 2018 - By Kurt Siggers

FedEx Corporation (NYSE:FDX) Logo

Among 11 analysts covering Rambus Inc (NASDAQ:RMBS), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Rambus Inc had 27 analyst reports since July 21, 2015 according to SRatingsIntel. As per Thursday, June 1, the company rating was maintained by Jefferies. The firm has “Buy” rating given on Thursday, September 17 by Sidoti. Roth Capital maintained the stock with “Buy” rating in Monday, December 11 report. The rating was downgraded by JP Morgan on Friday, September 22 to “Neutral”. Wunderlich initiated Rambus Inc. (NASDAQ:RMBS) on Friday, June 3 with “Buy” rating. The rating was downgraded by Sidoti to “Neutral” on Monday, March 7. The firm earned “Hold” rating on Thursday, October 19 by Jefferies. As per Thursday, September 1, the company rating was initiated by Roth Capital. The firm earned “Hold” rating on Friday, September 22 by J.P. Morgan. The company was maintained on Thursday, August 31 by Jefferies. See Rambus Inc. (NASDAQ:RMBS) latest ratings:

27/03/2018 Broker: Deutsche Bank Rating: Buy New Target: $17 Initiates Coverage On
11/12/2017 Broker: Roth Capital Rating: Buy New Target: $18.0 Maintain

Pettyjohn Wood & White Inc increased Fedex Corp Com (FDX) stake by 24.36% reported in 2017Q4 SEC filing. Pettyjohn Wood & White Inc acquired 3,118 shares as Fedex Corp Com (FDX)’s stock declined 6.15%. The Pettyjohn Wood & White Inc holds 15,919 shares with $3.97 million value, up from 12,801 last quarter. Fedex Corp Com now has $66.03B valuation. The stock decreased 0.09% or $0.22 during the last trading session, reaching $247.12. About 1.07M shares traded. FedEx Corporation (NYSE:FDX) has risen 25.45% since May 16, 2017 and is uptrending. It has outperformed by 13.90% the S&P500.

More notable recent FedEx Corporation (NYSE:FDX) news were published by: Seekingalpha.com which released: “FedEx tests blockchain technology” on May 14, 2018, also Seekingalpha.com with their article: “USPS returns to losing ways” published on May 11, 2018, Streetinsider.com published: “UPDATE: FedEx (FDX) PT Raised to $282 at Oppenheimer” on May 16, 2018. More interesting news about FedEx Corporation (NYSE:FDX) were released by: Seekingalpha.com and their article: “Investors size up UPS and FedEx” published on April 27, 2018 as well as Seekingalpha.com‘s news article titled: “Stocks To Watch: A Fed Head Talks Crypto” with publication date: May 13, 2018.

Among 37 analysts covering FedEx (NYSE:FDX), 26 have Buy rating, 1 Sell and 10 Hold. Therefore 70% are positive. FedEx had 116 analyst reports since August 14, 2015 according to SRatingsIntel. On Wednesday, November 2 the stock rating was initiated by Deutsche Bank with “Buy”. The stock of FedEx Corporation (NYSE:FDX) has “Buy” rating given on Sunday, February 11 by Robert W. Baird. The rating was maintained by Robert W. Baird with “Buy” on Tuesday, October 31. Wells Fargo maintained the shares of FDX in report on Thursday, September 21 with “Outperform” rating. Deutsche Bank maintained FedEx Corporation (NYSE:FDX) on Wednesday, September 2 with “Buy” rating. The firm has “Outperform” rating given on Thursday, March 23 by Credit Suisse. The firm has “Neutral” rating by Nomura given on Thursday, March 17. The rating was initiated by JP Morgan with “Overweight” on Tuesday, December 13. The firm has “Neutral” rating by UBS given on Friday, September 15. Credit Suisse maintained the stock with “Outperform” rating in Friday, September 15 report.

Investors sentiment increased to 1.21 in Q4 2017. Its up 0.14, from 1.07 in 2017Q3. It improved, 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. Salem Capital owns 3,400 shares for 0.43% of their portfolio. Miller Invest Mngmt LP reported 0.19% stake. Parametric Port Assoc Ltd Co invested in 776,783 shares or 0.19% of the stock. Cohen Klingenstein Ltd Llc owns 9,000 shares. First Manhattan accumulated 586,659 shares. National Bank Of Ny Mellon has 0.12% invested in FedEx Corporation (NYSE:FDX). Wells Fargo Mn, a California-based fund reported 1.43M shares. Toth Finance Advisory invested 0.01% of its portfolio in FedEx Corporation (NYSE:FDX). Argent Trust Communications holds 4,471 shares. Motco holds 139 shares. Menora Mivtachim Hldg invested 1.83% of its portfolio in FedEx Corporation (NYSE:FDX). Shaker Invs Limited Liability Corp Oh invested in 0.25% or 1,500 shares. Spirit Of America Mngmt Corp Ny reported 0.12% stake. Macroview Inv Mngmt Limited Liability has invested 0% in FedEx Corporation (NYSE:FDX). Kentucky Retirement Systems Tru Fund reported 6,551 shares.

Pettyjohn Wood & White Inc decreased Pepsico Inc (NYSE:PEP) stake by 3,550 shares to 56,316 valued at $6.75M in 2017Q4. It also reduced 3M Co Com (NYSE:MMM) stake by 1,656 shares and now owns 10,505 shares. Johnson & Johnson (NYSE:JNJ) was reduced too.

Since January 2, 2018, it had 1 buy, and 4 sales for $45.54 million activity. 3,016 shares valued at $802,405 were sold by STEINER DAVID P on Friday, January 5. The insider SMITH FREDERICK W sold 124,000 shares worth $31.74 million. 46,555 shares were sold by BRONCZEK DAVID J, worth $11.89M on Tuesday, January 2. 4,400 shares were sold by WALSH PAUL S, worth $1.12 million on Wednesday, April 18. $19,837 worth of stock was bought by SCHWAB SUSAN C on Tuesday, February 6.

More recent Rambus Inc. (NASDAQ:RMBS) news were published by: Seekingalpha.com which released: “Rambus reports Q1 rev beat, in-line guidance” on May 07, 2018. Also Seekingalpha.com published the news titled: “Rambus, Inc. 2018 Q1 – Results – Earnings Call Slides” on May 08, 2018. Seekingalpha.com‘s news article titled: “Buy New Residential Investment For Its 11.2% Yield” with publication date: May 14, 2018 was also an interesting one.

Investors sentiment increased to 1.42 in Q4 2017. Its up 0.41, from 1.01 in 2017Q3. It is positive, as 16 investors sold Rambus Inc. shares while 36 reduced holdings. 23 funds opened positions while 51 raised stakes. 87.29 million shares or 4.39% more from 83.62 million shares in 2017Q3 were reported. Kbc Group Nv owns 97,752 shares or 0.01% of their US portfolio. Tci Wealth Advsrs Inc invested in 180 shares. Sei Invs Co holds 64,692 shares or 0% of its portfolio. Cubist Systematic Strategies owns 0.05% invested in Rambus Inc. (NASDAQ:RMBS) for 67,082 shares. Deutsche Bancorp Ag holds 0.01% or 1.26M shares in its portfolio. Sg Americas Secs Ltd Limited Liability Company accumulated 0.03% or 205,953 shares. Neuberger Berman Grp Ltd invested 0.06% in Rambus Inc. (NASDAQ:RMBS). Moreover, D E Shaw Inc has 0.01% invested in Rambus Inc. (NASDAQ:RMBS) for 575,517 shares. Wells Fargo & Company Mn owns 203,452 shares. Manufacturers Life The holds 82,599 shares or 0% of its portfolio. Td Asset Mngmt reported 33,919 shares. Global X Mngmt Lc reported 77,819 shares. Axa owns 358,400 shares or 0.02% of their US portfolio. Quantitative Invest Mngmt Ltd Liability Company stated it has 0.01% in Rambus Inc. (NASDAQ:RMBS). Profund Advsrs Limited Liability Co stated it has 0.01% in Rambus Inc. (NASDAQ:RMBS).

Since December 11, 2017, it had 0 insider buys, and 6 selling transactions for $359,292 activity. FISHER ELLIS THOMAS sold $22,892 worth of Rambus Inc. (NASDAQ:RMBS) on Monday, March 26. On Monday, December 11 the insider STARK LAURA sold $59,829. On Monday, January 29 SHRIGLEY DAVID A sold $70,900 worth of Rambus Inc. (NASDAQ:RMBS) or 5,000 shares. STANG ERIC B sold $73,663 worth of stock. Shares for $90,540 were sold by KISSNER CHARLES.

Rambus Inc. manufactures and sells semiconductor products in South Korea and internationally. The company has market cap of $1.43 billion. The firm focuses on the design, development, and manufacturing through partnerships and licensing of technology and solutions related to memory and interfaces; and design, development, deployment, and licensing of technologies for chip, system and in-field application security, anti-counterfeiting, smart ticketing, and mobile payments. It currently has negative earnings. It also focuses on the design, development, and licensing of technologies for advanced LED lighting solutions; and research and development in the area of emerging technologies, as well as providing various services, including know-how and technology transfer, product design and development, system integration, and other services.

FedEx Corporation (NYSE:FDX) Institutional Positions Chart

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