Cedar Hill Associates buys $16,619,033 stake in FedEx Corporation (FDX)

FedEx Corporation (FDX) : Cedar Hill Associates scooped up 6,625 additional shares in FedEx Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 14, 2016. The investment management firm now holds a total of 100,175 shares of FedEx Corporation which is valued at $16,619,033.FedEx Corporation makes up approximately 2.86% of Cedar Hill Associates’s portfolio.

FedEx Corporation opened for trading at $165.33 and hit $167.375 on the upside on Monday, eventually ending the session at $167.13, with a gain of 0.74% or 1.23 points. The heightened volatility saw the trading volume jump to 8,33,796 shares. Company has a market cap of $44,862 M.

Other Hedge Funds, Including , Neville Rodie Shaw Inc boosted its stake in FDX in the latest quarter, The investment management firm added 2,225 additional shares and now holds a total of 33,149 shares of FedEx Corporation which is valued at $5,499,419. FedEx Corporation makes up approx 0.66% of Neville Rodie Shaw Inc’s portfolio.Central Bank Trust Co reduced its stake in FDX by selling 10,627 shares or 59.99% in the most recent quarter. The Hedge Fund company now holds 7,087 shares of FDX which is valued at $1,175,733. FedEx Corporation makes up approx 0.33% of Central Bank Trust 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.

Leave a Reply

FedEx Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on FedEx Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.