The institutional investor owned 40,661 shares of the shipping service provider's stock after purchasing an additional 6,070 shares during the period. 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.
Fedex Corporation (NYSE:FDX) had a decrease of 1.35% in short interest. 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. Guardian Life Insurance Co. of America grew its stake in shares of FedEx Corporation by 1.0% during the first 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. Park National Corp OH grew its stake in shares of FedEx Corporation by 0.9% during the second quarter. Buckhead Capital Mgmt Ltd Liability invested in 1,100 shares or 0.04% of the stock. Alexandria Capital LLC grew its stake in FedEx Corporation by 2.5% during the 2nd quarter.
Asset Advisors Corp decreased Select Sector Spdr (XLE) stake by 31,100 shares to 37,188 valued at $2.41 million in 2017Q2. Atalanta Sosnoff Capital Lc has invested 1.55% in FedEx Corporation (NYSE:FDX). The stock rose 0.66% or $0.03 reaching $4.61 per share.
Other hedge funds and other institutional investors also recently modified their holdings of the company.
TRADEMARK VIOLATION NOTICE: "Oppenheimer Asset Management Inc". If you are accessing this news story on another domain, it was copied illegally and republished in violation of USA and global copyright & trademark legislation. Nebraska-based Pittenger Anderson has invested 0.41% in FedEx Corporation (NYSE:FDX).
A number of brokerages recently weighed in on FDX. FedEx Corporation (NYSE:FDX) has risen 19.02% since October 11, 2016 and is uptrending. Wells Fargo & Company increased their price target on FedEx Corporation from $235.00 to $240.00 and gave the company an "outperform" rating in a research note on Thursday, September 21st. The firm has "Outperform" rating given on Friday, February 17 by Scotia Capital. The firm has a market capitalization of $59.71 billion, a price-to-earnings ratio of 20.99 and a beta of 1.31. 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.
In other FedEx Corporation news, CEO Michael L. Ducker sold 14,964 shares of the business's stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $208.14, for a total value of $459,573.12. Following the sale, the executive vice president now owns 151,536 shares in the company, valued at approximately $29,549,520. The transaction was disclosed in a document filed with the SEC, which is available through this link. Barclays Capital upgraded the stock to "Overweight" rating in Wednesday, May 4 report. The stock was sold at an average price of $225.85, for a total transaction of $3,379,619.40. Following the transaction, the director now owns 30,608 shares of the company's stock, valued at $6,370,749.12. The disclosure for this sale can be found here. Also, Director John A. Edwardson sold 2,208 shares of the company's stock in a transaction that occurred on Monday, July 31st. Company insiders own 8.45% of the company's stock. Hartline Inv holds 0.55% in FedEx Corporation (NYSE:FDX) or 7,987 shares. FedEx Corporation has a 1-year low of $168.00 and a 1-year high of $227.00. The stock's 50 day moving average price is $190.28 and its 200-day moving average price is $190.76. The company has market cap of $426.84 million. Narwhal Mgmt has invested 0.06% in FedEx Corporation (NYSE:FDX). The shipping service provider reported $2.51 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $3.17 by ($0.66). The business had revenue of $15.30 billion during the quarter, compared to the consensus estimate of $15.35 billion. The business's revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter previous year, the company posted $2.90 earnings per share. On average, equities research analysts forecast that FedEx Corporation will post $12.49 earnings per share for the current year.
More notable recent GW Pharmaceuticals PLC- ADR (NASDAQ:GWPH) news were published by: Investorplace.com which released: "GW Pharmaceuticals PLC- ADR (GWPH) Stock Is High-Risk, High Reward" on August 18, 2017, also Schaeffersresearch.com with their article: "Earnings Preview: GW Pharmaceuticals PLC (GWPH)" published on December 02, 2016, Benzinga.com published: "What Do Zogenix Drug Study Results Mean For GW Pharmaceuticals' Epidiolex?" on October 02, 2017. Shareholders of record on Monday, September 11th were given a dividend of $0.50 per share. The ex-dividend date was Friday, September 8th. This represents a $2.00 dividend on an annualized basis and a yield of 0.90%. FedEx Corporation's dividend payout ratio (DPR) is presently 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.