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Principale » Cedar Capital LLC Acquires Shares of 1394 FedEx Corporation (FDX)

Cedar Capital LLC Acquires Shares of 1394 FedEx Corporation (FDX)

12 Octobre 2017

The institutional investor owned 2,033 shares of the shipping service provider's stock after buying an additional 350 shares during the period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FNY Managed Accounts LLC purchased a new stake in shares of FedEx Corporation during the 1st quarter worth $100,000. Riggs Asset Managment Co. The short interest to Fedex Corporation's float is 1.81%. Northwestern Mutual Wealth Management Co. now owns 69,903 shares of the shipping service provider's stock valued at $13,641,000 after acquiring an additional 1,852 shares during the last quarter. Finally, Alexandria Capital LLC grew its stake in shares of FedEx Corporation by 2.5% during the second quarter. 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.

Asset Advisors Corp increased Fedex Corp (FDX) stake by 12.98% reported in 2017Q2 SEC filing. The stock increased 0.86% or $1.89 during the last trading session, reaching $222.68. 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. Caisse De Depot Et Placement Du Quebec owns 8,900 shares for 0% of their portfolio.

In other FedEx Corporation news, Director John A. Edwardson sold 2,208 shares of the business's stock in a transaction that occurred on Monday, July 31st. Healthcare Value Capital Llc acquired 310,500 shares as Fluidigm Corp Del (FLDM)'s stock declined 17.15%. 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 legal filing with the Securities & Exchange Commission, which is accessible 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 executive vice president now directly owns 30,499 shares in the company, valued at $6,709,780. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,172 shares of company stock worth $6,039,193. Oakworth Inc invested 0.05% of its portfolio in FedEx Corporation (NYSE:FDX).

FedEx Co. has a one year low of $145.00 and a one year high of $201.57. BMO Capital Markets maintained FedEx Corporation (NYSE:FDX) on Wednesday, August 2 with "Buy" rating. The stock's 50 day moving average price is $190.28 and its 200-day moving average price is $190.76. Consolidated Inv Limited Liability Corp has invested 1.96% of its portfolio 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). FedEx Corporation had a net margin of 4.72% and a return on equity of 20.69%. The business had revenue of $15.30 billion for the quarter, compared to analyst estimates of $15.35 billion. During the same quarter previous year, the firm earned $2.90 earnings per share. The business's revenue was up 18.1% on a year-over-year basis. Equities analysts forecast that FedEx Corporation will post $12.49 earnings per share for the current fiscal year.

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The company also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Monday, September 11th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.90%. The ex-dividend date was Friday, September 8th.

Several brokerages have recently commented on FDX. Loop Capital began coverage on FedEx in a report on Thursday, April 6th. The firm has "Outperform" rating given on Friday, February 17 by Scotia Capital. Groesbeck Investment Management Nj has invested 0.43% in FedEx Corporation (NYSE:FDX). Vetr raised FedEx from a "hold" rating to a "buy" rating and set a $195.86 target price for the company in a report on Wednesday, May 17th. Wells Fargo & Company raised their target price on FedEx Corporation from $235.00 to $240.00 and gave the company an "outperform" rating in a research note on Thursday, September 21st. Finally, Stifel Nicolaus reiterated a "hold" rating and issued a $221.00 price target (up from $216.00) on shares of FedEx Corporation in a research note on Wednesday, September 20th.

Among 3 analysts covering Gazit Globe (NYSE:GZT), 2 have Buy rating, 1 Sell and 0 Hold.

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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. 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.