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Fintel reports that on September 20, 2024, Morgan Stanley downgraded their outlook for FedEx (WBAG:FDX) from Equal-Weight to Underweight.
What is the Fund Sentiment?
There are 2,703 funds or institutions reporting positions in FedEx. This is an increase of 35 owner(s) or 1.31% in the last quarter. Average portfolio weight of all funds dedicated to FDX is 0.43%, an increase of 0.00%. Total shares owned by institutions increased in the last three months by 4.01% to 229,604K shares.
What are Other Shareholders Doing?
Dodge & Cox holds 13,395K shares representing 5.47% ownership of the company. In its prior filing, the firm reported owning 13,520K shares , representing a decrease of 0.94%. The firm increased its portfolio allocation in FDX by 6.07% over the last quarter.
Primecap Management holds 12,789K shares representing 5.22% ownership of the company. In its prior filing, the firm reported owning 12,890K shares , representing a decrease of 0.78%. The firm decreased its portfolio allocation in FDX by 0.33% over the last quarter.
Capital International Investors holds 9,780K shares representing 3.99% ownership of the company. In its prior filing, the firm reported owning 8,831K shares , representing an increase of 9.71%. The firm increased its portfolio allocation in FDX by 16.50% over the last quarter.
DODGX – Dodge & Cox Stock Fund holds 8,956K shares representing 3.66% ownership of the company. No change in the last quarter.
VPMCX – Vanguard PRIMECAP Fund Investor Shares holds 8,522K shares representing 3.48% ownership of the company. In its prior filing, the firm reported owning 8,534K shares , representing a decrease of 0.14%. The firm decreased its portfolio allocation in FDX by 0.41% over the last quarter.
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This story originally appeared on Fintel.
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