Bristol John W Co Inc Ny Lowers stake in FedEx Corporation (FDX)

FedEx Corporation (FDX) : Bristol John W Co Inc Ny reduced its stake in FedEx Corporation by 3.37% during the most recent quarter end. The investment management company now holds a total of 475,221 shares of FedEx Corporation which is valued at $79,038,757 after selling 16,551 shares in FedEx Corporation , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.FedEx Corporation makes up approximately 2.09% of Bristol John W Co Inc Ny’s portfolio.

FedEx Corporation opened for trading at $166.28 and hit $166.93 on the upside on Friday, eventually ending the session at $166.32, with a gain of 0.45% or 0.75 points. The heightened volatility saw the trading volume jump to 13,59,110 shares. Company has a market cap of $44,644 M.

Other Hedge Funds, Including , Mcqueen Ball Associates added FDX to its portfolio by purchasing 3,414 company shares during the most recent quarter which is valued at $567,816. FedEx Corporation makes up approx 0.40% of Mcqueen Ball Associates’s portfolio. Coastline Trust Co added FDX to its portfolio by purchasing 1,275 company shares during the most recent quarter which is valued at $211,523. FedEx Corporation makes up approx 0.04% of Coastline Trust Co’s portfolio. Chelsea Counsel Co sold out all of its stake in FDX during the most recent quarter. The investment firm sold 2,252 shares of FDX which is valued $367,189.Community Trust Investment Co boosted its stake in FDX in the latest quarter, The investment management firm added 24,933 additional shares and now holds a total of 126,685 shares of FedEx Corporation which is valued at $20,655,989. FedEx Corporation makes up approx 2.67% of Community Trust Investment Co’s portfolio.

On the company’s financial health, FedEx Corporation reported $2.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.16 according to the earnings call on Mar 16, 2016. Analyst had a consensus of $2.35. The company had revenue of $12654.00 million for the quarter, compared to analysts expectations of $12376.86 million. The company’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.01 EPS.

Many Wall Street Analysts have commented on FedEx Corporation. Company shares were Reiterated by Cowen on Mar 17, 2016 to “Outperform”, Firm has raised the Price Target to $ 180 from a previous price target of $175 .Company shares were Reiterated by RBC Capital Mkts on Mar 17, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 158 from a previous price target of $153 .Company shares were Reiterated by Stifel on Mar 17, 2016 to “Buy”, Firm has raised the Price Target to $ 174 from a previous price target of $171 .

FedEx Corporation (FedEx) provides a portfolio of transportation e-commerce and business services under the FedEx brand. The Company offers its services through companies constituting four business segments: FedEx Express FedEx Ground FedEx Freight and FedEx Services. FedEx Express offers a range of domestic and international shipping services for delivery of packages and freight. FedEx Ground provides business and residential money-back guaranteed ground package delivery services. FedEx Freight offers less-than-truckload (LTL) freight services. FedEx Services provides FedEx’s other companies with sales marketing information technology communications customer service and certain other back-office support. The Company’s subsidiaries include Federal Express Corporation FedEx Trade Networks Inc. FedEx Ground Package System Inc. FedEx SmartPost Inc. FedEx Corporate Services Inc. and GENCO Distribution System Inc. among others.

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