SecurityFDX / FedEx Corp.
InstitutionCubic Asset Management, LLC
Shares29,976
Value $ 6,806,000
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 2.12% decrease in ownership of FDX / FedEx Corp.

July 25, 2018 - Cubic Asset Management, LLC has filed a 13F-HR form disclosing ownership of 29,976 shares of FedEx Corp. (NYSE:FDX) with total holdings valued at $6,806,000 USD as of June 30, 2018. Cubic Asset Management, LLC had filed a previous 13F-HR on April 24, 2018 disclosing 30,625 shares of FedEx Corp. at a value of $7,353,000 USD. This represents a change in shares of -2.12 percent and a change in value of -7.44 percent during the quarter.

Other investors with positions similar to Cubic Asset Management, LLC include Bridgecreek Investment Management, LLC, Nissay Asset Management Corp /japan/ /adv, Shell Asset Management Co, Commonwealth Bank Of Australia, InterOcean Capital, LLC, and Washington Trust Bank.

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
(%)
2018-06-30 13F-HR FEDEX COM 31428X106 233.57 29,976 -2.12 6,806 -7.44 -152 -395 -5.38
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 4,876 0
2014-12-31 13F-HR FEDEX COM 31428X106 0 -100.00 0 -100.00 0 0
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