As Chevron New Com (CVX) Stock Value Declined, Holder Redmond Asset Management Decreased by $1.68 Million Its Stake; Fedex (FDX) Stake Maintained by Beach Investment Counsel Inc

February 19, 2018 - By reb123z

Redmond Asset Management Llc decreased its stake in Chevron Corp New Com (CVX) by 44.81% based on its latest 2017Q3 regulatory filing with the SEC. Redmond Asset Management Llc sold 14,353 shares as the company’s stock declined 3.45% while stock markets rallied. The institutional investor held 17,677 shares of the integrated oil company at the end of 2017Q3, valued at $2.08 million, down from 32,030 at the end of the previous reported quarter. Redmond Asset Management Llc who had been investing in Chevron Corp New Com for a number of months, seems to be less bullish one the $213.00 billion market cap company. The stock decreased 0.35% or $0.39 during the last trading session, reaching $112.14. About 5.95M shares traded. Chevron Corporation (NYSE:CVX) has risen 6.68% since February 19, 2017 and is uptrending. It has underperformed by 10.02% the S&P500.




Beach Investment Counsel Inc increased its stake in Fedex (FDX) by 37.49% based on its latest 2017Q3 regulatory filing with the SEC. Beach Investment Counsel Inc bought 20,660 shares as the company’s stock declined 2.24% while stock markets rallied. The hedge fund held 75,763 shares of the air freight and delivery services company at the end of 2017Q3, valued at $17.09 million, up from 55,103 at the end of the previous reported quarter. Beach Investment Counsel Inc who had been investing in Fedex for a number of months, seems to be bullish on the $65.42B market cap company. The stock decreased 0.34% or $0.84 during the last trading session, reaching $244.19. About 1.48 million shares traded. FedEx Corporation (NYSE:FDX) has risen 19.02% since February 19, 2017 and is uptrending. It has outperformed by 2.32% the S&P500.

Beach Investment Counsel Inc, which manages about $1.43 billion and $951.00 million US Long portfolio, decreased its stake in Thermo Fisher Scientific (NYSE:TMO) by 42,854 shares to 28,807 shares, valued at $5.45M in 2017Q3, according to the filing. It also reduced its holding in Union Pacific (NYSE:UNP) by 78,244 shares in the quarter, leaving it with 14,656 shares, and cut its stake in Walt Disney (NYSE:DIS).

Investors sentiment increased to 1.07 in Q3 2017. 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. Next Century Growth Invsts Llc holds 0.39% or 14,236 shares in its portfolio. Dillon And Assoc, a Michigan-based fund reported 7,937 shares. Ghp Advisors accumulated 0.47% or 13,790 shares. Northern Corporation reported 0.17% stake. Bancorporation Of America De holds 0.16% in FedEx Corporation (NYSE:FDX) or 4.38M shares. Silvercrest Asset Gp Limited Co reported 0% in FedEx Corporation (NYSE:FDX). D E Shaw & accumulated 0% or 5,260 shares. Atria Investments Limited Liability Com accumulated 2,941 shares. Fincl Engines Advsr Ltd Liability Com, California-based fund reported 587 shares. Maple Cap Management, Vermont-based fund reported 898 shares. Bremer National Association holds 0.48% or 7,625 shares in its portfolio. Wealthtrust holds 283 shares or 0.03% of its portfolio. Burke Herbert Natl Bank Tru invested in 1,213 shares. Roof Eidam & Maycock Adv has invested 0.55% in FedEx Corporation (NYSE:FDX). Burney Co owns 14,857 shares.

Since September 21, 2017, it had 1 insider purchase, and 6 sales for $22.29 million activity. 46,555 shares were sold by BRONCZEK DAVID J, worth $11.89M on Tuesday, January 2. SCHWAB SUSAN C bought 80 shares worth $19,837. On Thursday, September 21 the insider Subramaniam Rajesh sold $1.48M. Maier Henry J had sold 11,150 shares worth $2.55M on Thursday, October 26. Shares for $2.20M were sold by Colleran Donald F on Thursday, September 21. On Friday, September 29 the insider DUCKER MICHAEL L sold $3.38M.

Among 37 analysts covering FedEx (NYSE:FDX), 24 have Buy rating, 1 Sell and 12 Hold. Therefore 65% are positive. FedEx had 107 analyst reports since August 14, 2015 according to SRatingsIntel. The rating was maintained by Citigroup with “Buy” on Thursday, May 19. Barclays Capital upgraded FedEx Corporation (NYSE:FDX) rating on Wednesday, May 4. Barclays Capital has “Overweight” rating and $205 target. On Tuesday, November 15 the stock rating was downgraded by Stifel Nicolaus to “Hold”. The stock of FedEx Corporation (NYSE:FDX) has “Sector Perform” rating given on Thursday, September 17 by RBC Capital Markets. The stock of FedEx Corporation (NYSE:FDX) earned “Outperform” rating by Raymond James on Monday, February 6. The firm has “Outperform” rating given on Thursday, March 23 by Cowen & Co. Seaport Global initiated the shares of FDX in report on Tuesday, June 6 with “Hold” rating. The rating was maintained by Robert W. Baird on Wednesday, June 21 with “Buy”. The rating was maintained by Oppenheimer on Thursday, September 17 with “Outperform”. The stock has “Market Perform” rating by Wood on Wednesday, September 2.

Since October 16, 2017, it had 0 insider buys, and 1 sale for $3.06 million activity.

Investors sentiment decreased to 0.95 in Q3 2017. Its down 0.08, from 1.03 in 2017Q2. It is negative, as 43 investors sold CVX shares while 696 reduced holdings. 121 funds opened positions while 584 raised stakes. 1.18 billion shares or 1.43% more from 1.16 billion shares in 2017Q2 were reported. Woodstock Corp reported 0.15% in Chevron Corporation (NYSE:CVX). Cap Intll Invsts invested 2.01% in Chevron Corporation (NYSE:CVX). Howland Limited Liability Com holds 82,454 shares or 0.8% of its portfolio. The Oregon-based M Holdings Secs has invested 0.88% in Chevron Corporation (NYSE:CVX). Boston Private Wealth Lc has invested 1.01% of its portfolio in Chevron Corporation (NYSE:CVX). Princeton Port Strategies Group Limited Liability accumulated 31,138 shares or 0.99% of the stock. Clifford Swan Counsel invested in 259,185 shares. Monarch Mngmt holds 0.73% or 16,761 shares. Cohen And Steers holds 0.02% or 68,752 shares. Moreover, Barrow Hanley Mewhinney Strauss Ltd Liability has 1.35% invested in Chevron Corporation (NYSE:CVX). Daniel Devine holds 1.96% or 21,868 shares in its portfolio. Provise Mngmt Lc reported 0.31% in Chevron Corporation (NYSE:CVX). Hollencrest Secs Ltd Liability holds 4,045 shares or 0.07% of its portfolio. Community Natl Bank Na holds 0.45% or 34,699 shares. Baker Avenue Asset Lp holds 0.29% of its portfolio in Chevron Corporation (NYSE:CVX) for 22,167 shares.

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