FedEx Corporation (FDX) : Coyle Financial Counsel scooped up 4,379 additional shares in FedEx Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 19, 2016. The investment management firm now holds a total of 17,165 shares of FedEx Corporation which is valued at $2,854,883.FedEx Corporation makes up approximately 4.45% of Coyle Financial Counsel’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 , Benin Management Corp boosted its stake in FDX in the latest quarter, The investment management firm added 964 additional shares and now holds a total of 27,434 shares of FedEx Corporation which is valued at $4,562,823. FedEx Corporation makes up approx 2.41% of Benin Management Corp’s portfolio.Northstar Group reduced its stake in FDX by selling 200 shares or 12.85% in the most recent quarter. The Hedge Fund company now holds 1,356 shares of FDX which is valued at $224,960. FedEx Corporation makes up approx 0.17% of Northstar Group’s portfolio.Berkshire Asset Managementpa boosted its stake in FDX in the latest quarter, The investment management firm added 880 additional shares and now holds a total of 2,942 shares of FedEx Corporation which is valued at $488,078. FedEx Corporation makes up approx 0.07% of Berkshire Asset Managementpa’s portfolio. Beese Fulmer Investment Management added FDX to its portfolio by purchasing 1,287 company shares during the most recent quarter which is valued at $213,513. FedEx Corporation makes up approx 0.06% of Beese Fulmer Investment Management’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 FedExs other companies with sales marketing information technology communications customer service and certain other back-office support. The Companys 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.