As Fedex (FDX) Shares Declined, Shareholder Benin Management Decreased Its Holding by $427,500; Wells Fargo Co New (WFC) Holder One Capital Management Lowered Position

January 9, 2018 - By Richard Conner

Benin Management Corp decreased its stake in Fedex Corp (FDX) by 7.57% based on its latest 2017Q3 regulatory filing with the SEC. Benin Management Corp sold 1,900 shares as the company’s stock declined 2.24% while stock markets rallied. The institutional investor held 23,215 shares of the air freight and delivery services company at the end of 2017Q3, valued at $5.24M, down from 25,115 at the end of the previous reported quarter. Benin Management Corp who had been investing in Fedex Corp for a number of months, seems to be less bullish one the $71.97B market cap company. The stock increased 1.03% or $2.74 during the last trading session, reaching $268.66. About 1.96M shares traded or 31.15% up from the average. FedEx Corporation (NYSE:FDX) has risen 19.02% since January 9, 2017 and is uptrending. It has outperformed by 2.32% the S&P500.

One Capital Management Llc decreased its stake in Wells Fargo Co New (WFC) by 73.31% based on its latest 2017Q3 regulatory filing with the SEC. One Capital Management Llc sold 40,960 shares as the company’s stock declined 8.66% while stock markets rallied. The institutional investor held 14,913 shares of the major banks company at the end of 2017Q3, valued at $822,000, down from 55,873 at the end of the previous reported quarter. One Capital Management Llc who had been investing in Wells Fargo Co New for a number of months, seems to be less bullish one the $305.50B market cap company. The stock decreased 1.13% or $0.71 during the last trading session, reaching $62.04. About 15.57M shares traded. Wells Fargo & Company (NYSE:WFC) has risen 9.67% since January 9, 2017 and is uptrending. It has underperformed by 7.03% the S&P500.

Among 37 analysts covering FedEx (NYSE:FDX), 24 have Buy rating, 1 Sell and 12 Hold. Therefore 65% are positive. FedEx had 104 analyst reports since August 14, 2015 according to SRatingsIntel. As per Tuesday, June 6, the company rating was initiated by Seaport Global. As per Friday, March 24, the company rating was maintained by Raymond James. The firm has “Outperform” rating by Oppenheimer given on Thursday, September 17. The firm earned “Buy” rating on Wednesday, December 20 by Bank of America. As per Friday, July 7, the company rating was maintained by Cowen & Co. The company was maintained on Thursday, September 17 by RBC Capital Markets. Stifel Nicolaus maintained FedEx Corporation (NYSE:FDX) rating on Thursday, March 17. Stifel Nicolaus has “Buy” rating and $174 target. The firm has “Conviction-Buy” rating given on Thursday, September 17 by Goldman Sachs. The company was maintained on Wednesday, December 20 by Bernstein. The company was maintained on Thursday, May 19 by Citigroup.

Since September 21, 2017, it had 0 buys, and 5 sales for $21.50 million activity. $11.89M worth of FedEx Corporation (NYSE:FDX) was sold by BRONCZEK DAVID J on Tuesday, January 2. 6,750 FedEx Corporation (NYSE:FDX) shares with value of $1.48 million were sold by Subramaniam Rajesh. DUCKER MICHAEL L also sold $3.38M worth of FedEx Corporation (NYSE:FDX) shares. Colleran Donald F had sold 10,000 shares worth $2.20 million.

Benin Management Corp, which manages about $278.88 million and $248.13 million US Long portfolio, upped its stake in Metlife Inc (NYSE:MET) by 12,725 shares to 16,925 shares, valued at $879,000 in 2017Q3, according to the filing.

Investors sentiment increased to 1.07 in 2017 Q3. Its up 0.06, from 1.01 in 2017Q2. It increased, as 49 investors sold FDX shares while 378 reduced holdings. 122 funds opened positions while 336 raised stakes. 199.84 million shares or 0.13% less from 200.09 million shares in 2017Q2 were reported. Capital Invest Counsel Inc holds 0.42% or 4,285 shares in its portfolio. 2,183 were reported by Alps Advsr. Miller Howard Investments Incorporated New York has invested 0.08% of its portfolio in FedEx Corporation (NYSE:FDX). Plancorp Limited Liability Corp, a Missouri-based fund reported 1,397 shares. Davidson And Garrard owns 1,671 shares for 0.09% of their portfolio. Greenleaf Trust invested in 2,262 shares or 0.01% of the stock. Greenhaven, New York-based fund reported 2.98 million shares. Gemmer Asset Mngmt owns 201 shares or 0.02% of their US portfolio. Advisory Services Networks Ltd Limited Liability Company holds 0.07% of its portfolio in FedEx Corporation (NYSE:FDX) for 2,596 shares. Laurion Cap Mngmt Limited Partnership has 28,489 shares for 0.03% of their portfolio. New Jersey-based Lord Abbett Lc has invested 0.16% in FedEx Corporation (NYSE:FDX). Sii Invs Inc Wi invested in 0.05% or 3,610 shares. New South Cap Management invested in 337,938 shares or 1.82% of the stock. Barrow Hanley Mewhinney And Strauss Ltd Liability Com invested 0% of its portfolio in FedEx Corporation (NYSE:FDX). Lee Danner Bass has invested 1.31% in FedEx Corporation (NYSE:FDX).

Investors sentiment decreased to 0.73 in Q3 2017. Its down 0.15, from 0.88 in 2017Q2. It dived, as 92 investors sold WFC shares while 725 reduced holdings. 103 funds opened positions while 495 raised stakes. 3.65 billion shares or 0.40% less from 3.66 billion shares in 2017Q2 were reported. Eagle Glob Ltd Liability has invested 0.2% in Wells Fargo & Company (NYSE:WFC). Sterneck Capital Mngmt Ltd holds 1.67% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 52,830 shares. Paradigm Asset Com holds 0.64% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 44,800 shares. 620,179 were accumulated by Mason Street Advsrs Llc. Moreover, Loring Wolcott And Coolidge Fiduciary Advisors Limited Liability Partnership Ma has 0.06% invested in Wells Fargo & Company (NYSE:WFC) for 57,386 shares. Private Mgmt Grp Inc Inc reported 446,266 shares or 1.3% of all its holdings. Moreover, Centurylink Invest Communications has 1.51% invested in Wells Fargo & Company (NYSE:WFC). Parallax Volatility Advisers Lp reported 0.1% stake. First Midwest Bancshares Trust Division stated it has 38,859 shares or 0.26% of all its holdings. Rockland Trust reported 2.67% in Wells Fargo & Company (NYSE:WFC). Tennessee-based Summit Asset Management Limited Liability Co has invested 0.32% in Wells Fargo & Company (NYSE:WFC). Ftb Advsrs reported 28,829 shares. First Republic Inv Mgmt Incorporated accumulated 0.35% or 872,887 shares. Essex Fincl Services has invested 1.01% in Wells Fargo & Company (NYSE:WFC). Andra Ap holds 0.22% in Wells Fargo & Company (NYSE:WFC) or 166,800 shares.

One Capital Management Llc, which manages about $676.36M and $480.74 million US Long portfolio, upped its stake in Alphabet Inc by 331 shares to 3,544 shares, valued at $3.40M in 2017Q3, according to the filing. It also increased its holding in Ishares Tr (IWC) by 4,268 shares in the quarter, for a total of 158,180 shares, and has risen its stake in Ishares Tr (IJS).