Todd Asset Management LLC Has $18.95 Million Position in FedEx Corporation (FDX)

Postado Outubro 12, 2017

Other hedge funds and other institutional investors also recently modified their holdings of the company. Virtu Financial LLC bought a new stake in shares of FedEx during the first quarter valued at approximately $703,000. Riggs Asset Managment Co. Fedex Corporation now has $59.20 billion valuation. Park National Corp OH now owns 1,178 shares of the shipping service provider's stock valued at $256,000 after acquiring an additional 10 shares in the last quarter.

Roffman Miller Associates Inc increased its stake in Fedex Corporation (FDX) by 1.63% based on its latest 2017Q2 regulatory filing with the SEC. Harbour Capital Advisors LLC now owns 1,424,815 shares of the shipping service provider's stock valued at $6,556,000 after acquiring an additional 1,418,066 shares during the last quarter. Alexandria Capital LLC now owns 540 shares of the shipping service provider's stock worth $117,000 after purchasing an additional 13 shares during the last quarter. Finally, Sprott Inc. lifted its stake in FedEx Corporation by 11.7% in the second quarter. Selway Asset Management now owns 41,000 shares of the shipping service provider's stock valued at $8,001,000 after buying an additional 200 shares in the last quarter. Company insiders own 8.45% of the company's stock.

In related news, EVP Donald F. Colleran sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $225.85, for a total value 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael L. Ducker sold 14,964 shares of the firm's stock in a transaction dated Friday, September 29th. Following the transaction, the chief executive officer now owns 53,397 shares in the company, valued at approximately $12,059,712.45. The disclosure for this sale can be found here. Insiders sold 27,172 shares of company stock worth $6,039,193 in the last three months. Oakworth Inc invested 0.05% of its portfolio in FedEx Corporation (NYSE:FDX).

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. Finally, BMO Capital Markets reaffirmed an "outperform" rating and set a $220.00 target price on shares of FedEx in a report on Thursday, March 23rd. 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 posted its quarterly earnings data 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). FedEx Corporation had a return on equity of 20.69% and a net margin of 4.72%. The company had revenue of $15.30 billion during the quarter, compared to the consensus estimate of $15.35 billion. During the same quarter a year ago, the firm earned $2.90 earnings per share. FedEx Corporation's quarterly revenue was up 4.1% on a year-over-year basis. Equities research analysts predict 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: which released: "GW Pharmaceuticals PLC- ADR (GWPH) Stock Is High-Risk, High Reward" on August 18, 2017, also with their article: "Earnings Preview: GW Pharmaceuticals PLC (GWPH)" published on December 02, 2016, published: "What Do Zogenix Drug Study Results Mean For GW Pharmaceuticals' Epidiolex?" on October 02, 2017. Investors of record on Monday, September 11th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.90%. The rating was maintained by Cantor Fitzgerald on Friday, September 29 with "Buy". FedEx Corporation's payout ratio is 18.87%.

Several brokerages have recently commented on FDX. KeyCorp began coverage on FedEx Corporation in a research note on Tuesday. The firm has "Outperform" rating by Cowen & Co given on Thursday, September 17. Moreover, Lakewood Cap Mgmt Lp has 2.55% invested in FedEx Corporation (NYSE:FDX) for 297,500 shares. FedEx Corporation (NYSE:FDX) has risen 19.02% since October 11, 2016 and is uptrending. The stock of FedEx Corporation (NYSE:FDX) earned "Buy" rating by Citigroup on Thursday, March 17. Stifel Nicolaus maintained the shares of FDX in report on Wednesday, September 21 with "Buy" rating.

Among 3 analysts covering Gazit Globe (NYSE:GZT), 2 have Buy rating, 1 Sell and 0 Hold. The stock presently has a consensus rating of "Buy" and an average price target of $227.14. Its down 1.35% from 4.53 million shares, reported previously. 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. "Has $33.92 Million Position in FedEx Corporation (FDX)" was reported by StockNewsTimes and is owned by of StockNewsTimes.

FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand.