Stock Yards Bank Trust Co buys $8 Million stake in FedEx Corporation (FDX)

FedEx Corporation (FDX) : Stock Yards Bank Trust Co scooped up 44,750 additional shares in FedEx Corporation during the most recent quarter end , according to a recent disclosure to the SEC on Apr 5, 2016. The investment management firm now holds a total of 49,195 shares of FedEx Corporation which is valued at $8 Million.FedEx Corporation makes up approximately 1.15% of Stock Yards Bank Trust Co’s portfolio.

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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 closed down -0.37 points or -0.23% at $163.05 with 14,52,764 shares getting traded on Monday. Post opening the session at $163.46, the shares hit an intraday low of $163.03 and an intraday high of $165.1 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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