Lsv Asset Management Reduces $9M in FedEx Corporation ($FDX)
Key Points
- Lsv Asset Management changed its FedEx Corporation ($FDX) stake by 2.4% last quarter, cutting to 1,105,365 shares worth $373.61 million.
- Wall Street's consensus rating on $FDX is Buy and an average price target of $307.85.
- $FDX last traded around $338.00.
Lsv Asset Management trimmed its position in FedEx Corporation ($FDX) by 2.4% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,105,365 shares of FedEx Corporation after selling 27,620 shares during the quarter. Lsv Asset Management's holdings in FedEx Corporation were worth $373.61 million as of its most recent filing.
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About FedEx Corporation
FedEx Corporation, together with its subsidiaries, provides transportation, e-commerce, and business services in the United States and internationally. It operates through Federal Express and FedEx Freight segments. The company offers transportation services, including express, freight, less-than-truckload freight, and time-specific freight-shipping; and small-package ground delivery services. It also provides e-commerce and digital solutions; dataworks; printing and shipping management, including digital printing, professional finishing, document creation, design solutions, direct mail, signs and graphics, custom-branded boxes, copying, computer rental, free Wi-Fi, corporate print solutions, shredding, expedited U.S. passport processing and renewal, and digital notarization; packing services, as well as packing supplies and boxes; document and business services; and retail access for package transportation. In addition, the company offers logistics services, air and ocean freight-forwarding and cargo transportation, specialty transportation, customs brokerage and clearance, trade management tools and data, and door-to-door solutions; and third party logistics and supply chain management solutions, such as inbound logistics, warehousing and distribution, fulfillment, contract packaging and product configuration, systems integration, returns process and disposition, test, repair, refurbishment, and product liquidation. Further, it provides sales, marketing, administrative, information technology, and back-office support services. FedEx Corporation was founded in 1971 and is headquartered in Memphis, Tennessee.
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