FedEx Corporation (FDX) : Westover Capital Advisors scooped up 343 additional shares in FedEx Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 12,023 shares of FedEx Corporation which is valued at $1,989,807.FedEx Corporation makes up approximately 1.61% of Westover Capital Advisors’s portfolio.
Other Hedge Funds, Including , J. Goldman Co Lp added FDX to its portfolio by purchasing 74,500 company shares during the most recent quarter which is valued at $12,329,750. FedEx Corporation makes up approx 1.24% of J. Goldman Co Lp’s portfolio.Cannell Peter B Co Inc reduced its stake in FDX by selling 439 shares or 0.27% in the most recent quarter. The Hedge Fund company now holds 163,382 shares of FDX which is valued at $27,039,721. FedEx Corporation makes up approx 0.94% of Cannell Peter B Co Inc’s portfolio.Novare Capital Management reduced its stake in FDX by selling 3,580 shares or 14.03% in the most recent quarter. The Hedge Fund company now holds 21,945 shares of FDX which is valued at $3,638,262. FedEx Corporation makes up approx 0.95% of Novare Capital Management’s portfolio.First National Trust Co boosted its stake in FDX in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 1,913 shares of FedEx Corporation which is valued at $307,821. FedEx Corporation makes up approx 0.05% of First National Trust Co’s portfolio.Torch Wealth Management reduced its stake in FDX by selling 425 shares or 4.28% in the most recent quarter. The Hedge Fund company now holds 9,495 shares of FDX which is valued at $1,526,511. FedEx Corporation makes up approx 1.09% of Torch Wealth Management’s portfolio.
FedEx Corporation opened for trading at $165.5 and hit $166.25 on the upside on Thursday, eventually ending the session at $165.64, with a gain of 0.43% or 0.71 points. The heightened volatility saw the trading volume jump to 11,81,901 shares. Company has a market cap of $43,981 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.
Investors should note that on Aug 19, 2016, FedEx Corporation announced a cash dividend of $0.4000. The company’s management has announced Sep 8, 2016 as the ex-dividend date and fixed the record date on Sep 12, 2016. The payable date has been fixed on Oct 3, 2016.
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.