Fedex (FDX) Market Value Declined While Farmers & Merchants Investments Lowered Position; Robertson Opportunity Capital Has Decreased Its Mgic Invt Wis (MTG) Holding by $480,000 as Stock Declined

January 16, 2018 - By Kurt Siggers

Farmers & Merchants Investments Inc decreased its stake in Fedex Corp (FDX) by 9.15% based on its latest 2017Q3 regulatory filing with the SEC. Farmers & Merchants Investments Inc sold 1,968 shares as the company’s stock declined 2.24% while stock markets rallied. The institutional investor held 19,532 shares of the air freight and delivery services company at the end of 2017Q3, valued at $4.41M, down from 21,500 at the end of the previous reported quarter. Farmers & Merchants Investments Inc who had been investing in Fedex Corp for a number of months, seems to be less bullish one the $72.97 billion market cap company. The stock increased 0.20% or $0.54 during the last trading session, reaching $272.39. About 657,854 shares traded. FedEx Corporation (NYSE:FDX) has risen 19.02% since January 16, 2017 and is uptrending. It has outperformed by 2.32% the S&P500.

Robertson Opportunity Capital Llc decreased its stake in Mgic Invt Corp Wis (MTG) by 8.37% based on its latest 2017Q3 regulatory filing with the SEC. Robertson Opportunity Capital Llc sold 40,000 shares as the company’s stock declined 1.12% while stock markets rallied. The hedge fund held 438,000 shares of the property-casualty insurers company at the end of 2017Q3, valued at $5.49M, down from 478,000 at the end of the previous reported quarter. Robertson Opportunity Capital Llc who had been investing in Mgic Invt Corp Wis for a number of months, seems to be less bullish one the $5.66 billion market cap company. The stock increased 0.99% or $0.15 during the last trading session, reaching $15.27. About 873,335 shares traded. MGIC Investment Corporation (NYSE:MTG) has risen 60.12% since January 16, 2017 and is uptrending. It has outperformed by 43.42% the S&P500.

Investors sentiment increased to 1.15 in Q3 2017. Its up 0.07, from 1.08 in 2017Q2. It increased, as 20 investors sold MTG shares while 89 reduced holdings. 37 funds opened positions while 88 raised stakes. 333.10 million shares or 3.73% more from 321.13 million shares in 2017Q2 were reported. Oarsman Capital invested in 501,612 shares or 2.66% of the stock. Cwm Limited Liability Company holds 352 shares. Quantbot LP owns 23,622 shares for 0.03% of their portfolio. First Mercantile Tru Co accumulated 55,663 shares. Moore Cap Lp, New York-based fund reported 1.40M shares. Moreover, Capital Fund Mgmt Sa has 0.05% invested in MGIC Investment Corporation (NYSE:MTG) for 546,103 shares. Wells Fargo & Mn owns 1.59M shares. Foothills Asset Mngmt Limited owns 10,769 shares or 0.1% of their US portfolio. Bnp Paribas Asset Mngmt Sa holds 0.07% of its portfolio in MGIC Investment Corporation (NYSE:MTG) for 661,928 shares. Cantab Capital Prtnrs Ltd Liability Partnership invested 0.09% of its portfolio in MGIC Investment Corporation (NYSE:MTG). Natixis accumulated 0.01% or 45,999 shares. 1.07 million were accumulated by Bnp Paribas Arbitrage Sa. Citadel Ltd Liability Company reported 256,360 shares or 0% of all its holdings. Moreover, Columbus Circle Invsts has 0.18% invested in MGIC Investment Corporation (NYSE:MTG) for 832,882 shares. Tower Rech Capital Limited Liability Company (Trc) stated it has 0.05% in MGIC Investment Corporation (NYSE:MTG).

Among 13 analysts covering MGIC Investment Corp. (NYSE:MTG), 11 have Buy rating, 0 Sell and 2 Hold. Therefore 85% are positive. MGIC Investment Corp. had 38 analyst reports since August 12, 2015 according to SRatingsIntel. The rating was maintained by Compass Point with “Buy” on Wednesday, August 12. Compass Point downgraded the stock to “Neutral” rating in Wednesday, April 20 report. Deutsche Bank upgraded MGIC Investment Corporation (NYSE:MTG) on Monday, January 8 to “Buy” rating. The rating was maintained by M Partners on Tuesday, August 25 with “Buy”. The stock of MGIC Investment Corporation (NYSE:MTG) has “Buy” rating given on Monday, October 17 by Bank of America. As per Wednesday, July 20, the company rating was maintained by FBR Capital. The company was upgraded on Wednesday, July 20 by Compass Point. Keefe Bruyette & Woods maintained MGIC Investment Corporation (NYSE:MTG) on Wednesday, August 30 with “Buy” rating. The firm has “Hold” rating given on Friday, November 3 by Deutsche Bank. The company was maintained on Monday, February 13 by FBR Capital.

Analysts await MGIC Investment Corporation (NYSE:MTG) to report earnings on January, 18. They expect $0.28 earnings per share, 0.00% or $0.00 from last year’s $0.28 per share. MTG’s profit will be $103.77M for 13.63 P/E if the $0.28 EPS becomes a reality. After $0.32 actual earnings per share reported by MGIC Investment Corporation for the previous quarter, Wall Street now forecasts -12.50% negative EPS growth.

Among 37 analysts covering FedEx (NYSE:FDX), 24 have Buy rating, 1 Sell and 12 Hold. Therefore 65% are positive. FedEx had 105 analyst reports since August 14, 2015 according to SRatingsIntel. The firm has “Outperform” rating by Credit Suisse given on Tuesday, March 15. The firm earned “Buy” rating on Friday, October 13 by Cowen & Co. On Wednesday, September 2 the stock rating was maintained by Deutsche Bank with “Buy”. On Wednesday, August 2 the stock rating was maintained by BMO Capital Markets with “Buy”. The stock of FedEx Corporation (NYSE:FDX) has “Buy” rating given on Tuesday, January 9 by UBS. As per Wednesday, May 4, the company rating was upgraded by Barclays Capital. Credit Suisse maintained FedEx Corporation (NYSE:FDX) on Monday, December 14 with “Outperform” rating. UBS upgraded the shares of FDX in report on Friday, January 5 to “Buy” rating. The stock has “Buy” rating by KeyBanc Capital Markets on Tuesday, October 10. The firm earned “Outperform” rating on Thursday, September 21 by Wells Fargo.

Farmers & Merchants Investments Inc, which manages about $1.27B US Long portfolio, upped its stake in Us Bancorp (NYSE:USB) by 103,768 shares to 420,868 shares, valued at $22.55M in 2017Q3, according to the filing. It also increased its holding in Vanguard Ftse Emerging Markets Etf (VWO) by 31,614 shares in the quarter, for a total of 423,839 shares, and has risen its stake in Berkshire Hathaway Inc Del Cl B New (BRKB).

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