Inc. Has $33.92 Million Position in FedEx Corporation (FDX)

Parsons Capital Management Inc. RI Boosts Stake in FedEx Co. (FDX)

Parsons Capital Management Inc. RI Boosts Stake in FedEx Co. (FDX)

Wunderlich Cap Managemnt invested in 15,401 shares or 2.5% of the stock. It is negative, as 53 investors sold FedEx Corporation shares while 373 reduced holdings.

Other institutional investors have also added to or reduced their stakes in the company. Riggs Asset Managment Co. More interesting news about FedEx Corporation (NYSE:FDX) were released by: Investorplace.com and their article: "Let FedEx Corporation (FDX) Stock Deliver You Easy Profits" published on September 13, 2017 as well as Seekingalpha.com's news article titled: "FedEx: There Is Still More Upside" with publication date: September 30, 2017. Buckhead Capital Mgmt Ltd Liability invested in 1,100 shares or 0.04% of the stock. With 845,200 avg volume, 5 days are for Fedex Corporation (NYSE:FDX)'s short sellers to cover FDX's short positions. Cribstone Capital Management LLC now owns 489 shares of the shipping service provider's stock valued at $107,000 after acquiring an additional 6 shares in the last quarter.

Rock Springs Capital Management Lp increased its stake in Gw Pharmaceuticals Plc (GWPH) by 2.52% based on its latest 2017Q2 regulatory filing with the SEC. The stock increased 0.05% or $0.12 during the last trading session, reaching $220.78. Finally, Sprott Inc. lifted its stake in FedEx Corporation by 11.7% in the second quarter. Hefty Wealth Partners now owns 630 shares of the shipping service provider's stock worth $136,000 after purchasing an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 75.89% of the company's stock. The stock was sold at an average price of $208.14, for a total transaction of $459,573.12. Following the transaction, the director now owns 30,608 shares of the company's stock, valued at $6,370,749.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael L. Ducker sold 14,964 shares of the business's stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $225.85, for a total value of $3,379,619.40. The disclosure for this sale can be found here. SMITH FREDERICK W had sold 135,000 shares worth $25.52 million on Tuesday, May 2. Moreover, Dorsey And Whitney Communication Limited Com has 0.28% invested in FedEx Corporation (NYSE:FDX) for 6,466 shares. FedEx Corporation has a 12-month low of $168.00 and a 12-month high of $227.00. Finally, Loop Capital restated a "buy" rating and set a $234.00 target price on shares of FedEx Corporation in a research note on Tuesday, July 4th. The firm has a 50-day moving average price of $216.65 and a 200 day moving average price of $205.65. Narwhal Mgmt has invested 0.06% in FedEx Corporation (NYSE:FDX). The shipping service provider reported $2.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.62 by $0.27. FedEx had a return on equity of 22.02% and a net margin of 3.35%. The business had revenue of $15.30 billion for the quarter, compared to analyst estimates of $15.35 billion. During the same quarter past year, the company posted $2.90 earnings per share. FedEx Corporation's quarterly revenue was up 4.1% on a year-over-year basis.

The company also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Monday, September 11th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date was Friday, September 8th. FedEx Corporation's dividend payout ratio (DPR) is presently 18.87%.

Several research analysts recently commented on FDX shares. KeyCorp began coverage on FedEx Corporation in a research note on Tuesday. They issued an "overweight" rating and a $260.00 price target for the company. Moreover, Mu Investments has 0.04% invested in FedEx Corporation (NYSE:FDX). About shares traded. FedEx Corporation (NYSE:FDX) has risen 19.02% since October 12, 2016 and is uptrending. CIBC boosted their target price on FedEx Corporation from $218.00 to $229.00 and gave the stock an "outperform" rating in a research note on Thursday, June 15th. Stifel Nicolaus maintained the shares of FDX in report on Wednesday, September 21 with "Buy" rating. Two analysts have rated the stock with a sell rating, five have given a hold rating and twenty-two have assigned a buy rating to the company's stock. The stock has an average rating of "Buy" and a consensus target price of $227.14. Wetherby Asset Management Inc. now owns 4,657 shares of the shipping service provider's stock valued at $908,000 after buying an additional 20 shares in the last quarter. If you are reading this piece of content on another website, it was illegally copied and republished in violation of United States and global trademark & copyright laws. Factory Mutual stated it has 1.03% in FedEx Corporation (NYSE:FDX).

FedEx Corporation provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The hedge fund run by Kelly Cardwell held 11,050 shares of the air freight and delivery services company at the end of 2017Q2, valued at $2.40 million, down from 28,838 at the end of the previous reported quarter.