SecurityFDX / FedEx Corp.
InstitutionCubic Asset Management, LLC
Shares30,625
Value $ 7,353,000
Related 31428XAS5 / Fedex Corp 2.625% 08/01/22
31428XAT3 / Fedex Corp 3.875% 08/01/42
31428XAQ9 / Fedex Corp 7.375% Senior Notes 01/15/14
31428XAR7 / Fedex Corp 8.0% Senior Notes 01/15/19
313309AP1 / Fedex Corporation 7.6% Notes 07/01/97

Cubic Asset Management, LLC reports 0.87% decrease in ownership of FDX / FedEx Corp.

April 24, 2018 - Cubic Asset Management, LLC has filed a 13F-HR form disclosing ownership of 30,625 shares of FedEx Corp. (NYSE:FDX) with total holdings valued at $7,353,000 USD as of March 31, 2018. Cubic Asset Management, LLC had filed a previous 13F-HR on January 24, 2018 disclosing 30,893 shares of FedEx Corp. at a value of $7,709,000 USD. This represents a change in shares of -0.87 percent and a change in value of -4.62 percent during the quarter.

Other investors with positions similar to Cubic Asset Management, LLC include Douglass Winthrop Advisors, LLC, Skandinaviska Enskilda Banken AB (publ), Afam Capital, Inc., DnB Asset Management AS, Edmond De Rothschild Holding S.a., and Bridgecreek Investment Management, LLC.

FedEx Corp. has declared a standard industrial code (sic) of 4513 which is the "Air Courier Services" industry. Cubic Asset Management, LLC's top industries are "Railroad Transportation" (sic 40), "General Merchandise Stores" (sic 53), and "Wholesale Trade-non-durable Goods" (sic 51).

13F Filings

The Security, Class, and CUSIP columns in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names and cusips.

In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

Effective
Date
Form Security Class CUSIP Share
Price
Shares Change
(%)
Value
(x1000)
Change
(%)
Cost
(x1000)
Profit
(x1000)
Return
(%)
2018-03-31 13F-HR FEDEX COM 31428X106 244.82 30,625 -0.87 7,353 -4.62 -66 -290 -3.77
2017-12-31 13F-HR FEDEX COM 31428X106 237.57 30,893 1.55 7,709 12.33 112 734 10.70
2017-09-30 13F-HR FEDEX COM 31428X106 221.47 30,422 -1.02 6,863 2.74 -69 252 3.78
2017-06-30 13F-HR FEDEX COM 31428X106 206.24 30,735 -0.32 6,680 11.02 -21 684 11.36
2017-03-31 13F-HR FEDEX COM 31428X106 190.67 30,835 -0.16 6,017 4.63 -10 276 4.79
2016-12-31 13F-HR FEDEX COM 31428X106 180.44 30,885 11.00 5,751 18.33 552 339 6.97
2016-09-30 13F-HR FEDEX COM 31428X106 163.22 27,825 1.44 4,860 16.74 64 633 15.19
2016-06-30 13F-HR FEDEX COM 31428X106 157.24 27,430 -1.35 4,163 -7.98 -59 -302 -6.68
2016-03-31 13F-HR FEDEX COM 31428X106 155.85 27,805 -1.19 4,524 7.89 -52 383 9.14
2015-12-31 13F-HR FEDEX COM 31428X106 146.50 28,140 -2.48 4,193 0.91 -105 143 3.44
2015-09-30 13F-HR FEDEX COM 31428X106 157.19 28,855 -0.31 4,155 -15.75 -14 -763 -15.47
2015-06-30 13F-HR FEDEX COM 31428X106 167.92 28,945 -1.78 4,932 1.15 -88 144 2.96
2015-03-31 13F-HR FEDEX COM 31428X106 29,470 0.00 4,876
2014-12-31 13F-HR FEDEX COM 31428X106 0 -100.00 0 -100.00
2014-09-30 13F-HR FEDEX COM 31428X106 156.40 30,030 -0.99 4,848 5.60 -47 304 6.62
2014-06-30 13F-HR FEDEX COM 31428X106 30,330 4,591


CUSIP: 31428X106