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

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.

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