Home » Here is Why Artisan Partners Is Bullish On FedEx Corporation (FDX)

Here is Why Artisan Partners Is Bullish On FedEx Corporation (FDX)

by WorldFinance
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Artisan Partners, an investment management company, released its“Artisan Value Fund” second quarter 2022 investor letter. A copy of the same can be downloaded here. In the second quarter, its Investor Class fund ARTLX returned -13.40%, Advisor Class fund APDLX posted a return of -13.32%, and Institutional Class fund APHLX returned -13.32%, compared to a return of -12.21% for the Russell 1000 Value Index. Poor performance of the communications and health care sectors impacted the fund’s performance in the quarter. In addition, please check the fund’s top five holdings to know its best picks in 2022.

Artisan Partners discussed stocks like FedEx Corporation (NYSE:FDX) in the second quarter investor letter. Based in Memphis, Tennessee, FedEx Corporation (NYSE:FDX) is a transportation, e-commerce, and business services providing company that operates internationally. On September 26, 2022, FedEx Corporation (NYSE:FDX) stock closed at $142.90 per share. One-month return of FedEx Corporation (NYSE:FDX) was -33.06% and its shares lost 35.75% of their value over the last 52 weeks. FedEx Corporation (NYSE:FDX) has a market capitalization of $37.185 billion.

FedEx Corporation (NYSE:FDX) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 63 hedge fund portfolios held FedEx Corporation (NYSE:FDX) at the end of the second quarter which was 52 in the previous quarter.

We discussed FedEx Corporation (NYSE:FDX) in another article and shared the list of stocks downgraded by analysts recently. In addition, please check out our hedge fund investor letters Q2 2022 page for more investor letters from hedge funds and other leading investors.


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