From MarketBeat:



GAM Holding AG reduced their stake in shares of FedEx Co. by 57.7% during the third quarter. The firm is now left with 16,879 shares worth $4,472,000. Meanwhile, several other institutional investors and hedge funds also either increased or decreased their stakes in FDX. Wall Street analysts have given FedEx a mostly positive outlook, with several research firms giving “buy” or “strong buy” ratings. FedEx stock opened at $248.03 on Friday, and last posted its earnings results on Tuesday, December 19th. The company’s earnings per share were lower than expected, but FedEx announced a quarterly dividend for investors. Additionally, insider trading showed that VP Jennifer L. Johnson sold 13,348 shares of the company’s stock. FedEx Corporation is a transportation, e-commerce, and business services company with different operating segments. Overall, the company has a “Moderate Buy” rating among analysts, with a consensus target price of $288.38. Finally, MarketBeat is recommending five other stocks that top-rated analysts believe are better buys than FedEx.



Original: GAM Holding AG Sells 23,018 Shares of FedEx Co. (NYSE:FDX)