FedEx Corporation (FDX) Shares Bought by Mcdaniel Terry & Co.

Mcdaniel Terry & Co. boosted its position in FedEx Corporation (NYSE:FDX) by 0.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 113,836 shares of the shipping service provider’s stock after buying an additional 584 shares during the period. FedEx Corporation makes up 4.3% of Mcdaniel Terry & Co.’s portfolio, making the stock its 9th largest position. Mcdaniel Terry & Co.’s holdings in FedEx Corporation were worth $22,215,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in FDX. Vanguard Group Inc. increased its stake in shares of FedEx Corporation by 5.4% in the first quarter. Vanguard Group Inc. now owns 17,997,225 shares of the shipping service provider’s stock worth $3,512,158,000 after buying an additional 918,896 shares during the period. Jennison Associates LLC increased its position in FedEx Corporation by 5.4% in the first quarter. Jennison Associates LLC now owns 3,429,971 shares of the shipping service provider’s stock valued at $669,359,000 after buying an additional 175,777 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in FedEx Corporation by 28.8% in the first quarter. TIAA CREF Investment Management LLC now owns 1,396,492 shares of the shipping service provider’s stock valued at $272,525,000 after buying an additional 312,272 shares during the last quarter. Artisan Partners Limited Partnership increased its position in FedEx Corporation by 1.2% in the first quarter. Artisan Partners Limited Partnership now owns 1,205,969 shares of the shipping service provider’s stock valued at $235,345,000 after buying an additional 14,099 shares during the last quarter. Finally, Legal & General Group Plc increased its position in FedEx Corporation by 4.9% in the first quarter. Legal & General Group Plc now owns 1,194,505 shares of the shipping service provider’s stock valued at $233,103,000 after buying an additional 56,227 shares during the last quarter. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

FedEx Corporation (NYSE:FDX) opened at 206.00 on Friday. FedEx Corporation has a 52 week low of $158.20 and a 52 week high of $219.99. The firm has a market capitalization of $55.26 billion, a PE ratio of 18.61 and a beta of 1.27. The firm has a 50-day moving average of $211.69 and a 200 day moving average of $199.13.

FedEx Corporation (NYSE:FDX) last issued its quarterly earnings data on Tuesday, June 20th. The shipping service provider reported $4.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.88 by $0.37. FedEx Corporation had a return on equity of 22.19% and a net margin of 4.97%. The business had revenue of $15.70 billion for the quarter, compared to the consensus estimate of $15.56 billion. During the same period last year, the business earned $3.30 EPS. The firm’s revenue was up 21.0% compared to the same quarter last year. Analysts predict that FedEx Corporation will post $13.56 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, September 11th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.97%. FedEx Corporation’s payout ratio is 18.08%.

TRADEMARK VIOLATION NOTICE: “FedEx Corporation (FDX) Shares Bought by Mcdaniel Terry & Co.” was reported by BNB Daily and is the sole property of of BNB Daily. If you are reading this article on another site, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this article can be accessed at https://www.baseball-news-blog.com/2017/08/19/fedex-corporation-fdx-stake-increased-by-mcdaniel-terry-co-updated.html.

Several research firms have issued reports on FDX. UBS AG reaffirmed a “buy” rating and set a $235.00 price objective (up from $215.00) on shares of FedEx Corporation in a report on Wednesday, June 21st. Cowen and Company reiterated a “buy” rating and issued a $240.00 target price on shares of FedEx Corporation in a research report on Thursday, August 10th. Stifel Nicolaus reiterated a “neutral” rating on shares of FedEx Corporation in a research report on Wednesday. BidaskClub cut shares of FedEx Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Zacks Investment Research cut shares of FedEx Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, June 7th. Six investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. FedEx Corporation currently has a consensus rating of “Buy” and a consensus target price of $221.78.

In other FedEx Corporation news, EVP Robert B. Carter sold 24,522 shares of FedEx Corporation stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $210.96, for a total value of $5,173,161.12. Following the transaction, the executive vice president now directly owns 68,556 shares of the company’s stock, valued at approximately $14,462,573.76. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO David L. Cunningham, Jr. sold 17,565 shares of FedEx Corporation stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $211.00, for a total value of $3,706,215.00. Following the completion of the transaction, the chief executive officer now directly owns 29,148 shares in the company, valued at $6,150,228. The disclosure for this sale can be found here. Insiders sold a total of 77,757 shares of company stock worth $16,447,426 over the last three months. 8.67% of the stock is owned by company insiders.

FedEx Corporation Company Profile

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. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.

Institutional Ownership by Quarter for FedEx Corporation (NYSE:FDX)

Receive News & Ratings for FedEx Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedEx Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply