Oppenheimer Asset Management Inc. Buys 6070 Shares of FedEx Corporation (FDX)

Cornelia Mascio
Ottobre 12, 2017

Gofen & Glossberg Ltd Il reported 0.01% in FedEx Corporation (NYSE:FDX). Wunderlich Cap Managemnt invested in 15,401 shares or 2.5% of the stock. Fedex Corporation now has $59.20 billion valuation. 112 funds opened positions while 318 raised stakes. FNY Managed Accounts LLC acquired a new position in FedEx Corporation during the 1st quarter worth $100,000. Cribstone Capital Management LLC now owns 489 shares of the shipping service provider's stock worth $107,000 after purchasing an additional 6 shares during the last quarter. Wellington Shields & Communications Limited Co holds 1,275 shares or 0.1% of its portfolio. Guardian Life Insurance Co. of America now owns 943 shares of the shipping service provider's stock valued at $184,000 after acquiring an additional 9 shares in the last quarter. Moreover, Mu Investments has 0.04% invested in FedEx Corporation (NYSE:FDX). Inc. now owns 484 shares of the shipping service provider's stock worth $105,000 after purchasing an additional 300 shares during the last quarter.

Healthcare Value Capital Llc increased Fluidigm Corp Del (FLDM) stake by 621% reported in 2017Q2 SEC filing. Argent Trust Co now owns 4,516 shares of the shipping service provider's stock valued at $882,000 after acquiring an additional 12 shares in the last quarter. The stock increased 0.86% or $1.89 during the last trading session, reaching $222.68.

Other hedge funds and other institutional investors also recently modified their holdings of the company.

Parsons Capital Management Inc. It is negative, as 53 investors sold FedEx Corporation shares while 373 reduced holdings.

ILLEGAL ACTIVITY WARNING: This news story was reported by Week Herald and is the property of of Week Herald. Arrowstreet Capital Ltd Partnership has invested 0.06% in FedEx Corporation (NYSE:FDX).

A number of analysts have commented on the stock. UBS AG reissued a "buy" rating and set a $235.00 target price (up from $215.00) on shares of FedEx Corporation in a research note on Wednesday, June 21st. The stock of FedEx Corporation (NYSE:FDX) earned "Outperform" rating by Oppenheimer on Thursday, September 17. Finally, Stifel Nicolaus reiterated a "hold" rating and issued a $221.00 price target (up previously from $216.00) on shares of FedEx Corporation in a research note on Wednesday, September 20th. On Tuesday, March 15 the stock rating was maintained by Credit Suisse with "Outperform". BMO Capital Markets maintained the stock with "Buy" rating in Wednesday, August 2 report. Two analysts have rated the stock with a sell rating, five have given a hold rating and twenty-two have issued a buy rating to the stock. The new target price indicates a possible upside of 0.17% based on the company's last stock close price. Following the transaction, the executive vice president now directly owns 30,499 shares in the company, valued at $6,709,780. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Donald F. Colleran sold 10,000 shares of the business's stock in a transaction dated Thursday, September 21st. Following the completion of the transaction, the director now owns 30,608 shares in the company, valued at $6,370,749.12. The disclosure for this sale can be found here. $25.52M worth of FedEx Corporation (NYSE:FDX) was sold by SMITH FREDERICK W on Tuesday, May 2. Highland Mgmt L P has 0.27% invested in FedEx Corporation (NYSE:FDX) for 29,050 shares.

Fedex Corporation has a 52 week low of $168.00 and a 52 week high of $227.00 with a P/E ratio of 20.96 The company's market cap is now $0. The firm's 50-day moving average price is $216.65 and its 200 day moving average price is $205.65.

FedEx Corporation (NYSE:FDX) last released its earnings results on Tuesday, September 19th. The shipping service provider reported $2.51 EPS for the quarter, missing the Zacks' consensus estimate of $3.17 by ($0.66). The company had revenue of $15.30 billion during the quarter, compared to the consensus estimate of $15.35 billion. FedEx Corporation had a net margin of 4.72% and a return on equity of 20.69%. The business's revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.51 EPS. Analysts forecast that FedEx Co. will post $11.93 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Monday, September 11th were given a $0.50 dividend. Verition Fund Management Lc owns 2,097 shares or 0.04% of their United States portfolio. FedEx Corporation's payout ratio is 18.87%.

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. Jazz operates through three divisions: Air Canada Express, through which Jazz provides service using the Air Canada Express brand throughout North America; Jazz Technical Services (JTS) provides maintenance, fix and overhaul (MRO) services to third parties, and Jazz division, which offers charters throughout North America with a fleet of three Bombardier aircraft and also offers airline operators services, such as ground handling, dispatching, flight load planning, training and consulting.

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