As Store Capital (STOR) Share Value Declined, Cbre Clarion Securities Has Raised Stake by $18.24 Million; Shell Asset Management Co Has Lifted Its Fedex (FDX) Position by $1.36 Million

February 22, 2018 - By Peter Erickson

Cbre Clarion Securities Llc increased its stake in Store Capital Corp (STOR) by 15.54% based on its latest 2017Q3 regulatory filing with the SEC. Cbre Clarion Securities Llc bought 759,798 shares as the company’s stock declined 15.61% while stock markets rallied. The institutional investor held 5.65 million shares of the real estate investment trusts company at the end of 2017Q3, valued at $140.52M, up from 4.89 million at the end of the previous reported quarter. Cbre Clarion Securities Llc who had been investing in Store Capital Corp for a number of months, seems to be bullish on the $4.35B market cap company. The stock decreased 2.14% or $0.5 during the last trading session, reaching $22.9. About 2.53M shares traded or 72.74% up from the average. STORE Capital Corporation (NYSE:STOR) has declined 18.44% since February 22, 2017 and is downtrending. It has underperformed by 35.14% the S&P500.

Shell Asset Management Co increased its stake in Fedex Corp (FDX) by 33.36% based on its latest 2017Q3 regulatory filing with the SEC. Shell Asset Management Co bought 6,027 shares as the company’s stock declined 2.24% while stock markets rallied. The institutional investor held 24,093 shares of the air freight and delivery services company at the end of 2017Q3, valued at $5.44M, up from 18,066 at the end of the previous reported quarter. Shell Asset Management Co who had been investing in Fedex Corp for a number of months, seems to be bullish on the $65.18 billion market cap company. The stock increased 0.96% or $2.32 during the last trading session, reaching $243.3. About 1.28M shares traded. FedEx Corporation (NYSE:FDX) has risen 19.02% since February 22, 2017 and is uptrending. It has outperformed by 2.32% the S&P500.

Shell Asset Management Co, which manages about $4.50B US Long portfolio, decreased its stake in Morgan Stanley (NYSE:MS) by 20,580 shares to 90,987 shares, valued at $4.38 million in 2017Q3, according to the filing. It also reduced its holding in Roper Technologies Inc (NYSE:ROP) by 2,667 shares in the quarter, leaving it with 10,901 shares, and cut its stake in Priceline Grp Inc (NASDAQ:PCLN).

Since September 21, 2017, it had 1 insider buy, and 6 insider sales for $22.29 million activity. On Friday, September 29 the insider DUCKER MICHAEL L sold $3.38 million. 6,750 shares were sold by Subramaniam Rajesh, worth $1.48 million. $19,837 worth of stock was bought by SCHWAB SUSAN C on Tuesday, February 6. $11.89M worth of FedEx Corporation (NYSE:FDX) was sold by BRONCZEK DAVID J on Tuesday, January 2. $2.55M worth of FedEx Corporation (NYSE:FDX) shares were sold by Maier Henry J. Colleran Donald F had sold 10,000 shares worth $2.20M.

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. Duff And Phelps Invest, a Illinois-based fund reported 2,690 shares. Bnp Paribas Arbitrage has 0.26% invested in FedEx Corporation (NYSE:FDX). South State Corp holds 0.04% of its portfolio in FedEx Corporation (NYSE:FDX) for 1,417 shares. Huber Capital Lc invested 1.26% of its portfolio in FedEx Corporation (NYSE:FDX). Public Employees Retirement Association Of Colorado reported 45,518 shares. Beck Mack Oliver Limited Com invested in 101,996 shares. Mu Investments Limited holds 0.04% in FedEx Corporation (NYSE:FDX) or 240 shares. Moreover, Fiera has 0.01% invested in FedEx Corporation (NYSE:FDX) for 9,727 shares. Metropolitan Life Insurance New York accumulated 0.18% or 127,721 shares. Global Endowment Management Limited Partnership holds 0.06% of its portfolio in FedEx Corporation (NYSE:FDX) for 1,800 shares. Nippon Life Global Americas Incorporated has invested 0.4% in FedEx Corporation (NYSE:FDX). Michigan-based Comerica Secs Inc has invested 0.23% in FedEx Corporation (NYSE:FDX). Pensionfund Dsm Netherlands accumulated 0.64% or 19,000 shares. Price T Rowe Associates Inc Md stated it has 0.04% in FedEx Corporation (NYSE:FDX). Wendell David Assoc Inc accumulated 2,662 shares.

Among 37 analysts covering FedEx (NYSE:FDX), 24 have Buy rating, 1 Sell and 12 Hold. Therefore 65% are positive. FedEx has $293.0 highest and $15.50 lowest target. $225.60’s average target is -7.27% below currents $243.3 stock price. FedEx had 107 analyst reports since August 14, 2015 according to SRatingsIntel. On Thursday, March 17 the stock rating was maintained by Stifel Nicolaus with “Buy”. The firm earned “Outperform” rating on Thursday, March 23 by Credit Suisse. As per Tuesday, October 10, the company rating was initiated by KeyBanc Capital Markets. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, September 21. The stock of FedEx Corporation (NYSE:FDX) has “Buy” rating given on Wednesday, January 20 by Standpoint Research. As per Wednesday, September 2, the company rating was maintained by Wood. The firm earned “Buy” rating on Tuesday, December 19 by BMO Capital Markets. As per Thursday, September 17, the company rating was maintained by RBC Capital Markets. The rating was upgraded by Susquehanna to “Positive” on Thursday, March 30. The firm has “Outperform” rating given on Wednesday, September 21 by Oppenheimer.

Cbre Clarion Securities Llc, which manages about $22.77 billion and $9.03 billion US Long portfolio, decreased its stake in Enlink Midstream Partners Lp (NYSE:ENLK) by 143,683 shares to 134,962 shares, valued at $2.26M in 2017Q3, according to the filing. It also reduced its holding in Public Storage (NYSE:PSA) by 403,283 shares in the quarter, leaving it with 359,534 shares, and cut its stake in Highwoods Properties Inc. (NYSE:HIW).

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