Visa Cl A (V) Holder 1St Source Bank Increased Position; Manning & Napier Advisors Position in Fedex (FDX) Has Decreased by $7.39 Million as Stock Declined

February 22, 2018 - By Adrian Erickson

1St Source Bank increased its stake in Visa Inc Cl A (V) by 48.43% based on its latest 2017Q3 regulatory filing with the SEC. 1St Source Bank bought 4,611 shares as the company’s stock rose 5.74% with the market. The institutional investor held 14,131 shares of the business services company at the end of 2017Q3, valued at $1.49 million, up from 9,520 at the end of the previous reported quarter. 1St Source Bank who had been investing in Visa Inc Cl A for a number of months, seems to be bullish on the $271.89B market cap company. The stock increased 0.03% or $0.04 during the last trading session, reaching $120.47. About 3.25 million shares traded. Visa Inc. (NYSE:V) has risen 20.29% since February 22, 2017 and is uptrending. It has outperformed by 3.59% the S&P500.

Manning & Napier Advisors Llc decreased its stake in Fedex Corp (FDX) by 3.28% based on its latest 2017Q3 regulatory filing with the SEC. Manning & Napier Advisors Llc sold 32,825 shares as the company’s stock declined 2.24% while stock markets rallied. The institutional investor held 967,775 shares of the air freight and delivery services company at the end of 2017Q3, valued at $218.31 million, down from 1.00 million at the end of the previous reported quarter. Manning & Napier Advisors Llc who had been investing in Fedex Corp for a number of months, seems to be less bullish one the $65.63B market cap company. The stock increased 0.69% or $1.68 during the last trading session, reaching $244.98. About 745,676 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.

Investors sentiment decreased to 1 in 2017 Q3. Its down 0.13, from 1.13 in 2017Q2. It dived, as 48 investors sold V shares while 617 reduced holdings. 142 funds opened positions while 524 raised stakes. 1.64 billion shares or 1.45% less from 1.66 billion shares in 2017Q2 were reported. Factory Mutual Ins Co holds 877,500 shares or 1.01% of its portfolio. Deltec Asset Mgmt Limited Liability holds 2.74% or 128,534 shares. First Natl Co invested in 0.64% or 52,218 shares. 196,244 were reported by Avalon Advsrs Ltd Co. Credit Suisse Ag holds 4.40 million shares. White Pine Cap Ltd, a Minnesota-based fund reported 21,991 shares. Sky Grp Lc holds 0.12% in Visa Inc. (NYSE:V) or 2,685 shares. Metropolitan Life Insurance Com New York stated it has 0.62% of its portfolio in Visa Inc. (NYSE:V). Monetary Mngmt Group stated it has 1.94% in Visa Inc. (NYSE:V). Virginia Retirement Et Al holds 927,500 shares or 1.19% of its portfolio. Suncoast Equity Mngmt accumulated 276,913 shares. Flossbach Von Storch Ag invested in 0.9% or 822,550 shares. Norman Fields Gottscho Limited Co owns 156,807 shares or 9.93% of their US portfolio. Segment Wealth Mgmt Limited Liability reported 0.88% stake. Rnc Cap Mgmt Ltd Company has invested 0.04% in Visa Inc. (NYSE:V).

Since December 13, 2017, it had 0 insider buys, and 3 selling transactions for $6.56 million activity. 6,220 shares valued at $707,561 were sold by MATSCHULLAT ROBERT W on Wednesday, December 13. Biggar Lynne also sold $205,440 worth of Visa Inc. (NYSE:V) shares.

Among 42 analysts covering Visa Inc. (NYSE:V), 34 have Buy rating, 0 Sell and 8 Hold. Therefore 81% are positive. Visa Inc. had 125 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, January 4 by RBC Capital Markets. The company was maintained on Friday, February 2 by Nomura. RBC Capital Markets maintained the shares of V in report on Friday, April 21 with “Outperform” rating. BMO Capital Markets maintained Visa Inc. (NYSE:V) on Friday, February 2 with “Buy” rating. The firm has “Buy” rating by Mizuho given on Friday, February 2. The rating was maintained by Barclays Capital with “Overweight” on Monday, May 16. The stock of Visa Inc. (NYSE:V) has “Buy” rating given on Friday, July 21 by UBS. As per Monday, October 30, the company rating was maintained by Jefferies. The firm has “Buy” rating given on Tuesday, September 12 by Keefe Bruyette & Woods. Jefferies maintained Visa Inc. (NYSE:V) on Friday, June 23 with “Buy” rating.

1St Source Bank, which manages about $1.20B US Long portfolio, decreased its stake in Verizon Communications (NYSE:VZ) by 7,167 shares to 129,186 shares, valued at $6.39 million in 2017Q3, according to the filing. It also reduced its holding in Mcdonalds Corp (NYSE:MCD) by 2,136 shares in the quarter, leaving it with 49,475 shares, and cut its stake in General Mls Inc (NYSE:GIS).

Manning & Napier Advisors Llc, which manages about $52.21 billion and $11.67B US Long portfolio, upped its stake in Wells Fargo Co New (NYSE:WFC) by 8,358 shares to 591,962 shares, valued at $32.65 million in 2017Q3, according to the filing. It also increased its holding in C H Robinson Worldwide Inc (NASDAQ:CHRW) by 393,318 shares in the quarter, for a total of 424,604 shares, and has risen its stake in Ryanair Hldgs Plc.

Analysts await FedEx Corporation (NYSE:FDX) to report earnings on March, 20. They expect $3.04 earnings per share, up 29.36% or $0.69 from last year’s $2.35 per share. FDX’s profit will be $814.39M for 20.15 P/E if the $3.04 EPS becomes a reality. After $3.18 actual earnings per share reported by FedEx Corporation for the previous quarter, Wall Street now forecasts -4.40% negative EPS growth.

Investors sentiment increased to 1.07 in 2017 Q3. Its up 0.06, from 1.01 in 2017Q2. It is positive, 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. Dowling & Yahnke Ltd has invested 0.38% of its portfolio in FedEx Corporation (NYSE:FDX). Qci Asset Mngmt holds 0.02% or 986 shares in its portfolio. Asset Mgmt holds 0.34% or 89,536 shares. Williams Jones & Assoc Llc holds 1% or 180,962 shares. Kanawha Capital Mngmt Limited Liability Corporation reported 0.04% of its portfolio in FedEx Corporation (NYSE:FDX). 17,050 are held by Train Babcock Advisors Ltd. Hartline Investment Corp invested 0.55% of its portfolio in FedEx Corporation (NYSE:FDX). Selway Asset Mngmt reported 3.7% stake. First Commonwealth Financial Pa reported 5,221 shares stake. South Dakota Inv Council holds 0.22% in FedEx Corporation (NYSE:FDX) or 48,095 shares. Mackenzie has invested 0.01% in FedEx Corporation (NYSE:FDX). Moreover, Beck Mack & Oliver Ltd Limited Liability Company has 0.76% invested in FedEx Corporation (NYSE:FDX) for 101,996 shares. Delphi Ma invested 1.58% in FedEx Corporation (NYSE:FDX). Smith Moore And invested in 0.11% or 1,756 shares. Morgan Stanley has 0.1% invested in FedEx Corporation (NYSE:FDX) for 1.42M shares.

Since September 21, 2017, it had 1 buy, and 6 sales for $22.29 million activity. BRONCZEK DAVID J sold $11.89 million worth of stock or 46,555 shares. Another trade for 14,964 shares valued at $3.38M was made by DUCKER MICHAEL L on Friday, September 29. Shares for $2.20M were sold by Colleran Donald F on Thursday, September 21. On Tuesday, February 6 SCHWAB SUSAN C bought $19,837 worth of FedEx Corporation (NYSE:FDX) or 80 shares. The insider Maier Henry J sold $2.55M. Another trade for 3,016 shares valued at $802,405 was made by STEINER DAVID P on Friday, January 5.

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. On Wednesday, September 21 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock of FedEx Corporation (NYSE:FDX) has “Buy” rating given on Thursday, May 19 by Citigroup. As per Thursday, September 3, the company rating was downgraded by TheStreet. The firm has “Buy” rating given on Wednesday, June 21 by Robert W. Baird. Stifel Nicolaus downgraded the stock to “Hold” rating in Tuesday, November 15 report. UBS upgraded FedEx Corporation (NYSE:FDX) on Tuesday, January 9 to “Buy” rating. The stock of FedEx Corporation (NYSE:FDX) earned “Buy” rating by Argus Research on Tuesday, September 22. The stock of FedEx Corporation (NYSE:FDX) has “Buy” rating given on Wednesday, December 20 by Bank of America. The company was maintained on Thursday, March 17 by Avondale. On Monday, December 18 the stock rating was maintained by Cowen & Co with “Buy”.

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