Point72 Asia Hong Kong LTD Cut Fedex (FDX) Stake By $436,604; Arlington Asset Investment (AI) SI Increased By 4.84%

December 16, 2017 - By Richard Conner

Point72 Asia Hong Kong Ltd decreased Fedex Corp (FDX) stake by 93.97% reported in 2017Q2 SEC filing. Point72 Asia Hong Kong Ltd sold 2,012 shares as Fedex Corp (FDX)’s stock declined 2.24%. The Point72 Asia Hong Kong Ltd holds 129 shares with $28,000 value, down from 2,141 last quarter. Fedex Corp now has $64.37 billion valuation. The stock increased 0.65% or $1.55 during the last trading session, reaching $240.05. About 2.23 million shares traded or 64.40% up from the average. FedEx Corporation (NYSE:FDX) has risen 19.02% since December 16, 2016 and is uptrending. It has outperformed by 2.32% the S&P500.

Arlington Asset Investment Corporation (NYSE:AI) had an increase of 4.84% in short interest. AI’s SI was 1.93 million shares in December as released by FINRA. Its up 4.84% from 1.84M shares previously. With 564,000 avg volume, 3 days are for Arlington Asset Investment Corporation (NYSE:AI)’s short sellers to cover AI’s short positions. The SI to Arlington Asset Investment Corporation’s float is 8.38%. The stock increased 1.87% or $0.23 during the last trading session, reaching $12.53. About 1.04 million shares traded or 135.56% up from the average. Arlington Asset Investment Corp. (NYSE:AI) has risen 15.91% since December 16, 2016 and is uptrending. It has underperformed by 0.79% the S&P500.

Point72 Asia Hong Kong Ltd increased Becton Dickinson & Co (NYSE:BDX) stake by 1,813 shares to 1,840 valued at $359,000 in 2017Q2. It also upped Constellation Brands Inc (NYSE:STZ) stake by 2,092 shares and now owns 2,171 shares. Mckesson Corp (NYSE:MCK) was raised too.

Analysts await FedEx Corporation (NYSE:FDX) to report earnings on December, 19 after the close. They expect $2.86 EPS, up 2.14% or $0.06 from last year’s $2.8 per share. FDX’s profit will be $766.90M for 20.98 P/E if the $2.86 EPS becomes a reality. After $2.51 actual EPS reported by FedEx Corporation for the previous quarter, Wall Street now forecasts 13.94% EPS growth.

Since September 21, 2017, it had 0 insider buys, and 4 insider sales for $9.61 million activity. On Friday, September 29 the insider DUCKER MICHAEL L sold $3.38 million. $1.48 million worth of FedEx Corporation (NYSE:FDX) was sold by Subramaniam Rajesh. Maier Henry J sold $2.55M worth of stock or 11,150 shares. Another trade for 10,000 shares valued at $2.20M was made by Colleran Donald F on Thursday, September 21.

Among 37 analysts covering FedEx (NYSE:FDX), 23 have Buy rating, 1 Sell and 13 Hold. Therefore 62% are positive. FedEx had 93 analyst reports since August 14, 2015 according to SRatingsIntel. As per Wednesday, September 20, the company rating was maintained by Stifel Nicolaus. On Thursday, March 17 the stock rating was downgraded by Standpoint Research to “Hold”. The firm earned “Overweight” rating on Tuesday, December 13 by JP Morgan. The firm earned “Neutral” rating on Friday, September 15 by UBS. Morgan Stanley initiated the shares of FDX in report on Tuesday, February 23 with “Equal-Weight” rating. The firm has “Sector Perform” rating given on Thursday, September 17 by RBC Capital Markets. As per Tuesday, October 31, the company rating was maintained by Robert W. Baird. The stock of FedEx Corporation (NYSE:FDX) has “Outperform” rating given on Friday, March 24 by Raymond James. The stock of FedEx Corporation (NYSE:FDX) has “Buy” rating given on Wednesday, September 2 by Deutsche Bank. The stock has “Buy” rating by Argus Research on Tuesday, September 22.

Investors sentiment increased to 1.07 in 2017 Q2. Its up 0.06, from 1.01 in 2017Q1. It improved, as 53 investors sold FDX shares while 373 reduced holdings. 112 funds opened positions while 318 raised stakes. 200.09 million shares or 0.41% less from 200.92 million shares in 2017Q1 were reported. Community Comml Bank Na owns 280 shares or 0.01% of their US portfolio. Timber Hill Ltd Liability Corporation owns 8,605 shares. Kentucky Retirement Systems accumulated 15,769 shares or 0.26% of the stock. Public Sector Pension Board accumulated 0.05% or 28,081 shares. Baystate Wealth Mgmt Ltd Liability holds 20 shares. Pennsylvania-based First Commonwealth Financial Pa has invested 1.25% in FedEx Corporation (NYSE:FDX). Parsec stated it has 0.35% of its portfolio in FedEx Corporation (NYSE:FDX). Td Asset invested in 0.03% or 90,728 shares. Fiera Cap invested 0.01% in FedEx Corporation (NYSE:FDX). Freestone Capital Limited Company accumulated 8,091 shares or 0.14% of the stock. First Quadrant Lp Ca holds 0.13% of its portfolio in FedEx Corporation (NYSE:FDX) for 28,800 shares. Duff And Phelps Invest Mngmt reported 0.01% stake. Great West Life Assurance Commerce Can owns 184,005 shares for 0.11% of their portfolio. Kornitzer Capital Ks has 0.16% invested in FedEx Corporation (NYSE:FDX) for 41,105 shares. Institute For Wealth Ltd Limited Liability Company, a Colorado-based fund reported 2,379 shares.

Among 8 analysts covering Arlington Asset Investment (NYSE:AI), 3 have Buy rating, 0 Sell and 5 Hold. Therefore 38% are positive. Arlington Asset Investment had 17 analyst reports since August 5, 2015 according to SRatingsIntel. On Wednesday, October 28 the stock rating was maintained by Wunderlich with “Hold”. Compass Point maintained the stock with “Buy” rating in Wednesday, July 29 report. The stock of Arlington Asset Investment Corp. (NYSE:AI) has “Hold” rating given on Friday, July 31 by MLV. The firm has “Buy” rating by Maxim Group given on Monday, July 24. FBR Capital downgraded the shares of AI in report on Tuesday, December 20 to “Mkt Perform” rating. The stock has “Neutral” rating by Compass Point on Wednesday, February 24. Wunderlich maintained the shares of AI in report on Thursday, October 27 with “Hold” rating. The firm has “Equalweight” rating by Barclays Capital given on Thursday, May 12. Ladenburg Thalmann downgraded the shares of AI in report on Wednesday, July 29 to “Neutral” rating. The stock of Arlington Asset Investment Corp. (NYSE:AI) has “Buy” rating given on Wednesday, October 28 by Maxim Group.

Arlington Asset Investment Corp., an investment firm, acquires mortgage-related and other assets. The company has market cap of $352.60 million. The firm acquires on a leveraged basis residential mortgage-backed securities that are issued by the United States (U.S.) government agency, or guaranteed as to principal and interest by U.S. government agencies, or U.S. government-sponsored entities. It currently has negative earnings. It also acquires MBS issued by private organizations.

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