FedEx Corporation (FDX) : Canada Pension Plan Investment Board scooped up 33,361 additional shares in FedEx Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 3,136,906 shares of FedEx Corporation which is valued at $494.9 Million.FedEx Corporation makes up approximately 2.09% of Canada Pension Plan Investment Board’s portfolio.
Other Hedge Funds, Including , Baldwin Brothers Incma reduced its stake in FDX by selling 6,691 shares or 90.9% in the most recent quarter. The Hedge Fund company now holds 670 shares of FDX which is valued at $105,699. FedEx Corporation makes up approx 0.02% of Baldwin Brothers Incma’s portfolio.Hartline Investment Corp reduced its stake in FDX by selling 6 shares or 0.07% in the most recent quarter. The Hedge Fund company now holds 8,315 shares of FDX which is valued at $1.3 Million. FedEx Corporation makes up approx 0.49% of Hartline Investment Corp’s portfolio. Insight Capital Research Management Inc added FDX to its portfolio by purchasing 13,401 company shares during the most recent quarter which is valued at $2.1 Million. FedEx Corporation makes up approx 0.66% of Insight Capital Research Management Inc’s portfolio.Us Financial Advisors reduced its stake in FDX by selling 133 shares or 69.27% in the most recent quarter. The Hedge Fund company now holds 59 shares of FDX which is valued at $9,501. FedEx Corporation makes up approx 0.02% of Us Financial Advisors’s portfolio.Badgley Phelps Bell Inc boosted its stake in FDX in the latest quarter, The investment management firm added 1,456 additional shares and now holds a total of 56,888 shares of FedEx Corporation which is valued at $9.2 Million. FedEx Corporation makes up approx 0.86% of Badgley Phelps Bell Inc’s portfolio.
FedEx Corporation opened for trading at $160.34 and hit $162.46 on the upside on Friday, eventually ending the session at $161.63, with a gain of 1.58% or 2.52 points. The heightened volatility saw the trading volume jump to 13,70,492 shares. Company has a market cap of $43,385 M.
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.