FedEx (NYSE:FDX) Releases Earnings Results, Beats Expectations By $0.61 EPS

Marco Green
April 15, 2018

Jennison Associates LLC now owns 3,687,689 shares of the shipping service provider's stock valued at $920,226,000 after purchasing an additional 1,185,447 shares during the period. Korea Investment CORP now owns 187,476 shares of the shipping service provider's stock worth $42,291,000 after purchasing an additional 27,100 shares during the last quarter. Pettyjohn Wood & White Inc who had been investing in Fedex Corp Com for a number of months, seems to be bullish on the $65.33B market cap company. Its shares touched $244.49 on during the last trading session after 1.07% change.FedEx Corporation has volume of 1.65 million shares. FedEx Corporation (NYSE:FDX) has risen 25.45% since April 14, 2017 and is uptrending. FDX outperformed the S&P 500 by 13.90%.

Tinicum Inc increased its stake in Simpson Manufacturing Co Inc (SSD) by 4007.5% based on its latest 2017Q4 regulatory filing with the SEC. The stock of The Boeing Company (NYSE:BA) has "Sector Perform" rating given on Friday, February 12 by RBC Capital Markets.

12Th Street Asset Management Company Llc increased its stake in Fedex Corp (FDX) by 4.69% based on its latest 2017Q4 regulatory filing with the SEC. Cadinha & Co Llc who had been investing in Schwab Charles Corp for a number of months, seems to be bullish on the $68.81B market cap company. The stock increased 0.15% or $0.19 during the last trading session, reaching $130.62. TE Connectivity Ltd. (NYSE:TEL) has risen 31.35% since April 14, 2017 and is uptrending. It has outperformed by 0.24% the S&P500.

Since October 26, 2017, it had 1 insider buy, and 3 sales for $15.22 million activity. STEINER DAVID P had sold 3,016 shares worth $802,405 on Friday, January 5. The insider Clark Bernard J. sold 11,238 shares worth $607,693.

Total analysts of 17 have positions in FedEx (NYSE:FDX) as follows: 16 rated it a "Buy", 0 with "Sell" and 1 with "Hold". Therefore 94% are positive. Since October 20, 2017 according to StockzIntelligence Inc FedEx has 30 analyst reports. The firm earned "Hold" rating on Wednesday, December 20 by Stifel Nicolaus. The firm has "Buy" rating given on Wednesday, December 20 by Bank of America. Stifel Nicolaus upgraded the stock to "Buy" rating in Wednesday, March 21 report. The company was downgraded on Thursday, September 3 by TheStreet. BMO Capital Markets started coverage on FedEx Corporation in a report on Thursday, November 17th. The rating was maintained by Robert W. Baird on Thursday, October 19 with "Hold". The company was maintained on Wednesday, June 21 by UBS. Cowen reiterated an "outperform" rating and set a $280.00 target price (up from $240.00) on shares of FedEx in a research report on Monday, December 18th. The stock of FedEx Corporation (NYSE:FDX) has "Buy" rating given on Thursday, May 19 by Citigroup. The rating was initiated by Sidoti with "Neutral" on Friday, September 9.

Investors sentiment increased to 1.52 in 2017 Q4. The company has a quick ratio of 1.37, a current ratio of 1.43 and a debt-to-equity ratio of 0.85. It is positive, as 45 investors sold FDX shares while 366 reduced holdings. 106 funds opened positions while 285 raised stakes. Investors holded 199.84 million in 2017Q3 but now own 193.75 million shares or 3.04% less.

FedEx (NYSE:FDX) had its price objective trimmed by Credit Suisse Group from $314.00 to $306.00 in a report released on Wednesday, March 21st. Clean Yield Grp Inc Incorporated owns 0.21% invested in FedEx Corporation (NYSE:FDX) for 2,084 shares. Penobscot Inv Mngmt, Massachusetts-based fund reported 4,285 shares. Btr Management Inc holds 0.5% or 10,331 shares. Stockholders of record on Monday, March 12th were paid a $0.50 dividend. Federated Invsts Pa holds 355,960 shares. The New Hampshire-based Ledyard Bancshares has invested 0.04% in FedEx Corporation (NYSE:FDX). 44,000 were reported by Bedrijfstakpensioenfonds Voor De Media Pno. Cornerstone Advisors Inc stated it has 33,000 shares. Numeric Ltd Liability Company has 1,500 shares for 0% of their portfolio. Pekin Singer Strauss Asset Mgmt Il reported 0.09% in FedEx Corporation (NYSE:FDX). Nuwave Inv Mgmt Ltd has 184 shares for 0.05% of their portfolio. Archford Cap Strategies Ltd Co has invested 0.37% in FedEx Corporation (NYSE:FDX). Lombard Odier Asset Management (Europe) Limited holds 0.03% in TE Connectivity Ltd. (NYSE:TEL) or 4,329 shares. Lincoln Natl Corporation reported 5,747 shares stake. It also reduced its holding in 8Point3 Energy Partners Lp by 511,508 shares in the quarter, leaving it with 179,300 shares, and cut its stake in General Electric (NYSE:GE). Therefore 81% are positive. The firm has "Buy" rating by Cowen & Co given on Friday, December 1. The rating was maintained by Nomura on Thursday, October 26 with "Buy". The rating was maintained by Oppenheimer on Wednesday, July 19 with "Buy". Canaccord Genuity maintained Amber Road, Inc. Susquehanna has "Buy" rating and $293.0 target. On Friday, August 7 the stock rating was maintained by Needham with "Buy". Bernstein has "Hold" rating and $236.0 target. The stock of Amber Road, Inc.

Whetstone Capital Advisors Llc, which manages about $149.80 million and $224.27 million US Long portfolio, upped its stake in Paypal Hldgs Inc by 39,800 shares to 242,400 shares, valued at $17.85 million in 2017Q4, according to the filing.

Since February 15, 2018, it had 0 insider purchases, and 1 insider sale for $20.17 million activity.

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