FedEx Corporation (FDX) : Lee Danner Bass Inc scooped up 477 additional shares in FedEx Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 55,693 shares of FedEx Corporation which is valued at $8,944,853.FedEx Corporation makes up approximately 1.08% of Lee Danner Bass Inc’s portfolio.
Other Hedge Funds, Including , Clarivest Asset Management boosted its stake in FDX in the latest quarter, The investment management firm added 87 additional shares and now holds a total of 79,928 shares of FedEx Corporation which is valued at $12,940,343. FedEx Corporation makes up approx 0.37% of Clarivest Asset Management’s portfolio.First New York Securities Ny boosted its stake in FDX in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 320 shares of FedEx Corporation which is valued at $51,491. FedEx Corporation makes up approx 0.05% of First New York Securities Ny’s portfolio.Roffman Miller Associates Inc Pa boosted its stake in FDX in the latest quarter, The investment management firm added 4,178 additional shares and now holds a total of 97,798 shares of FedEx Corporation which is valued at $15,654,526. FedEx Corporation makes up approx 2.50% of Roffman Miller Associates Inc Pa’s portfolio. Cohen Lawrence B added FDX to its portfolio by purchasing 4,510 company shares during the most recent quarter which is valued at $704,552. FedEx Corporation makes up approx 0.41% of Cohen Lawrence B’s portfolio.
FedEx Corporation opened for trading at $163.34 and hit $165.435 on the upside on Monday, eventually ending the session at $163.7, with a gain of 0.48% or 0.79 points. The heightened volatility saw the trading volume jump to 9,73,239 shares. Company has a market cap of $43,466 M.
On the company’s financial health, FedEx Corporation reported $3.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jun 21, 2016. Analyst had a consensus of $3.28. The company had revenue of $12979.00 million for the quarter, compared to analysts expectations of $12771.21 million. The company’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.66 EPS.
Many Wall Street Analysts have commented on FedEx Corporation. Company shares were Reiterated by RBC Capital Mkts on Jun 22, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 174 from a previous price target of $158 .Company shares were Reiterated by Stifel on Jun 22, 2016 to “Buy”, Firm has raised the Price Target to $ 179 from a previous price target of $178 .Company shares were Reiterated by UBS on Jun 3, 2016 to “Buy”, Firm has raised the Price Target to $ 187 from a previous price target of $186 .
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.