November 24, 2016 - By Vivian Park · 0 Comments
Fedex Corp (NYSE:FDX) institutional sentiment increased to 0.93 in 2016 Q2. Its up 0.11, from 0.82 in 2016Q1. The ratio is better, as 360 active investment managers started new or increased equity positions, while 439 sold and decreased their stakes in Fedex Corp. The active investment managers in our partner’s database now own: 192.17 million shares, down from 205.72 million shares in 2016Q1. Also, the number of active investment managers holding Fedex Corp in their top 10 equity positions decreased from 38 to 31 for a decrease of 7. Sold All: 66 Reduced: 373 Increased: 285 New Position: 75.
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 company has a market cap of $50.51 billion. The Company’s divisions include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services. It has a 28.24 P/E ratio. The FedEx Express segment offers a range of the United States domestic and international shipping services for delivery of packages and freight.
The stock increased 1.04% or $1.95 on November 23, hitting $190.12. About 889,156 shares traded hands. FedEx Corporation (NYSE:FDX) has risen 14.31% since April 22, 2016 and is uptrending. It has outperformed by 8.90% the S&P500.
Analysts await FedEx Corporation (NYSE:FDX) to report earnings on December, 20 after the close. They expect $2.91 earnings per share, up 12.79% or $0.33 from last year’s $2.58 per share. FDX’s profit will be $773.11 million for 16.33 P/E if the $2.91 EPS becomes a reality. After $2.90 actual earnings per share reported by FedEx Corporation for the previous quarter, Wall Street now forecasts 0.34% EPS growth.
According to Zacks Investment Research, “FedEx Corporation is a global transportation and logistics enterprise that offers customers a one-stop source for global shipping, logistics and supply chain solutions. Services offered by FedEx companies include worldwide express delivery, ground small-parcel delivery, less-than-truckload freight delivery and global logistics, supply chain management and electronic commerce solutions.”
Greenhaven Associates Inc holds 14.2% of its portfolio in FedEx Corporation for 4.77 million shares. Southpoint Capital Advisors Lp owns 1.30 million shares or 10.55% of their US portfolio. Moreover, 12Th Street Asset Management Company Llc has 10.29% invested in the company for 171,185 shares. The Tennessee-based Southeastern Asset Management Inc Tn has invested 9.86% in the stock. Covey Capital Advisors Llc, a Georgia-based fund reported 93,019 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 9 sales for $30.10 million net activity.
Ratings analysis reveals 42% of FedEx’s analysts are positive. Out of 24 Wall Street analysts rating FedEx, 10 give it “Buy”, 1 “Sell” rating, while 13 recommend “Hold”. The lowest target is $15.50 while the high is $210. The stock’s average target of $162.71 is -14.42% below today’s ($190.12) share price. FDX was included in 44 notes of analysts from August 14, 2015. On Tuesday, September 22 the stock rating was maintained by Argus Research with “Buy”. Citigroup maintained the stock with “Buy” rating in Thursday, May 19 report. Zacks downgraded the stock to “Sell” rating in Monday, September 7 report. On Wednesday, September 2 the stock rating was maintained by Deutsche Bank with “Buy”. The firm earned “Neutral” rating on Friday, September 18 by Susquehanna. The company was maintained on Monday, December 14 by Credit Suisse. The company was maintained on Thursday, September 17 by Cowen & Co. On Tuesday, February 23 the stock rating was initiated by Morgan Stanley with “Equal-Weight”. The stock of FedEx Corporation (NYSE:FDX) earned “Market Outperform” rating by Avondale on Thursday, March 17. The company was maintained on Friday, August 14 by Citigroup.
FedEx Corporation (FedEx), incorporated on October 2, 1997, provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s divisions include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services. The FedEx Express segment offers a range of the United States domestic and international shipping services for delivery of packages and freight. TNT Express segment collects, transports and delivers documents, parcels and freight on a day-definite or time-definite basis. The FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services. The FedEx Freight segment offers less-than-truckload (LTL) freight services. The FedEx Services segment provides the Company’s other companies with sales, marketing, information technology, communications, customer service and other back-office support.
More news for FedEx Corporation (NYSE:FDX) were recently published by: Businesswire.com, which released: “FedEx Corp. Board Declares Quarterly Dividend” on November 18, 2016. Schaeffersresearch.com‘s article titled: “Will FedEx Corporation (FDX) Deliver Another November Rally?” and published on November 01, 2016 is yet another important article.
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By Vivian Park