FedEx Corporation (FDX) : Ngam Advisors scooped up 43,197 additional shares in FedEx Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 147,669 shares of FedEx Corporation which is valued at $23,717,118.FedEx Corporation makes up approximately 0.32% of Ngam Advisors’s portfolio.
Other Hedge Funds, Including , Tradition Capital Management reduced its stake in FDX by selling 8,458 shares or 26.54% in the most recent quarter. The Hedge Fund company now holds 23,407 shares of FDX which is valued at $3,759,398. FedEx Corporation makes up approx 1.22% of Tradition Capital Management’s portfolio.Berkshire Asset Managementpa boosted its stake in FDX in the latest quarter, The investment management firm added 700 additional shares and now holds a total of 3,642 shares of FedEx Corporation which is valued at $582,975. FedEx Corporation makes up approx 0.09% of Berkshire Asset Managementpa’s portfolio.Telemus Capital reduced its stake in FDX by selling 75 shares or 5.1% in the most recent quarter. The Hedge Fund company now holds 1,396 shares of FDX which is valued at $223,458. FedEx Corporation makes up approx 0.03% of Telemus Capital’s portfolio.Benin Management Corp reduced its stake in FDX by selling 519 shares or 1.89% in the most recent quarter. The Hedge Fund company now holds 26,915 shares of FDX which is valued at $4,317,704. FedEx Corporation makes up approx 2.18% of Benin Management Corp’s portfolio.Firstmerit Bank N A Trustee reduced its stake in FDX by selling 145 shares or 8.94% in the most recent quarter. The Hedge Fund company now holds 1,477 shares of FDX which is valued at $236,940. FedEx Corporation makes up approx 0.02% of Firstmerit Bank N A Trustee’s portfolio.
FedEx Corporation closed down -0.79 points or -0.49% at $159.82 with 8,76,796 shares getting traded on Thursday. Post opening the session at $160.74, the shares hit an intraday low of $158.85 and an intraday high of $160.84 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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.