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20 March 2017, 08:51 | Austin Hogan
Shares of FedEx have declined 0.2% to $194.28 at 11:40 a.m. today. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The share price has recorded 0.5% on a weekly basis.A block trade of $32.86 million in uptick and $0 million in downtick was also observed, resulting in an up/down ratio of 0.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Finally, Quadrant Capital Group LLC increased its stake in shares of FedEx by 1.2% in the third quarter. GLG LLC now owns 14,583 shares of the shipping service provider's stock worth $2,715,000 after buying an additional 4,953 shares during the period.
Guggenheim Capital LLC increased its position in shares of FedEx Co. Kelman Lazarov Inc. now owns 28,671 shares of the shipping service provider's stock worth $4,977,000 after buying an additional 373 shares during the last quarter. Ancora Advisors LLC bought a new position in shares of FedEx during the fourth quarter worth $157,000. (NYSE:FDX) opened at 193.11 on Friday.
According to Finviz reported data, The SMA20 of the stock is at -0.27%, SMA50 is 2.18 percent, while SMA200 is 7.16%. This company shares are 9.12% off its target price of $210.73 and the current market capitalization stands at $51.24B.
Recently analysts working for various investment brokerages have changed their ratings and price targets on shares of FedEx Corporation (NYSE:FDX). The company is expected to report revenues of almost $15 billion, which would signify 18% growth on a year-over-year basis, and non-GAAP earnings per share of $2.71, which would be a jump of 8% over the same period last year. The Return on Equity (ROE) value stands at 13%. The business had revenue of $14.90 billion for the quarter. During the same quarter a year ago, the firm earned $2.58 EPS. Over the past few years, the company exceeded market-expectations most of the times; however, it fell-short of both earnings and revenue expectations in the previous quarter. Sales growth in the quarter for FedEx Corporation Air Delivery & Freight Services NYSE shows a value of 19.90% with Outstanding shares of 266.51.
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The firm also recently announced a quarterly dividend, which will be paid on Monday, April 3rd. This represents a $1.60 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Thursday, March 9th. 22 Analysts reported that the Price Target for FedEx Corporation might touch $240 high while the Average Price Target and Low price Target is $210.73 and $135 respectively. By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision. Deutsche Bank AG initiated coverage on shares of FedEx in a research note on Thursday, November 24th. The 52-week low of the share price is $141.19. Edward Jones upgraded shares of FedEx from a "hold" rating to a "buy" rating in a research report on Saturday, March 11th. The stock presently has an average rating of "Buy" and a consensus price target of $199.06.
On 9/28/2016 David J Bronczek, CEO, sold 32,669 with an average share price of $176.30 per share and the total transaction amounting to $5,759,544.70. While it's Return on Investment (ROI) value is 7.8%. Following the completion of the sale, the chief executive officer now directly owns 83,716 shares in the company, valued at $16,080,169.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
On 10/10/2016 Christine P Richards, EVP, sold 80,080 with an average share price of $173.59 per share and the total transaction amounting to $13,901,087.20. Following the completion of the sale, the executive vice president now owns 77,062 shares of the company's stock, valued at $14,735,795.64. The disclosure for this sale can be found here.
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.
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