Financial Counselors Inc. Has $1.51 Million Stake in FedEx Corporation (FDX)

Financial Counselors Inc. trimmed its stake in FedEx Corporation (NYSE:FDX) by 19.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,957 shares of the shipping service provider’s stock after selling 1,665 shares during the quarter. Financial Counselors Inc.’s holdings in FedEx Corporation were worth $1,512,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FDX. Karp Capital Management Corp acquired a new position in shares of FedEx Corporation in the first quarter worth $28,397,000. Sei Investments Co. raised its holdings in shares of FedEx Corporation by 20.7% in the first quarter. Sei Investments Co. now owns 497,824 shares of the shipping service provider’s stock worth $97,150,000 after acquiring an additional 85,505 shares during the last quarter. First Dallas Securities Inc. raised its holdings in shares of FedEx Corporation by 0.8% in the first quarter. First Dallas Securities Inc. now owns 6,131 shares of the shipping service provider’s stock worth $1,196,000 after acquiring an additional 50 shares during the last quarter. TD Asset Management Inc. raised its holdings in shares of FedEx Corporation by 3.5% in the first quarter. TD Asset Management Inc. now owns 159,037 shares of the shipping service provider’s stock worth $31,036,000 after acquiring an additional 5,340 shares during the last quarter. Finally, Wedbush Securities Inc. raised its holdings in shares of FedEx Corporation by 31.6% in the first quarter. Wedbush Securities Inc. now owns 5,998 shares of the shipping service provider’s stock worth $1,170,000 after acquiring an additional 1,439 shares during the last quarter. 75.88% of the stock is owned by institutional investors.

TRADEMARK VIOLATION WARNING: This report was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another site, it was stolen and reposted in violation of US and international trademark & copyright law. The legal version of this report can be accessed at https://ledgergazette.com/2017/10/19/financial-counselors-inc-has-1-51-million-stake-in-fedex-corporation-fdx.html.

Shares of FedEx Corporation (NYSE:FDX) opened at 222.30 on Thursday. FedEx Corporation has a 12 month low of $168.00 and a 12 month high of $227.00. The stock has a 50 day moving average price of $218.64 and a 200 day moving average price of $206.75. The stock has a market cap of $59.61 billion, a P/E ratio of 20.96 and a beta of 1.31.

FedEx Corporation (NYSE:FDX) last posted its earnings results on Tuesday, September 19th. The shipping service provider reported $2.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.17 by ($0.66). The business had revenue of $15.30 billion for the quarter, compared to analyst estimates of $15.35 billion. FedEx Corporation had a return on equity of 20.69% and a net margin of 4.72%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.90 earnings per share. Equities analysts anticipate that FedEx Corporation will post $12.47 EPS for the current fiscal year.

The firm also recently announced 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. FedEx Corporation’s payout ratio is 18.87%.

A number of equities analysts have recently weighed in on FDX shares. Vetr cut FedEx Corporation to a “sell” rating and set a $204.84 price target for the company. in a report on Thursday, August 31st. BMO Capital Markets reissued a “buy” rating and issued a $245.00 price target on shares of FedEx Corporation in a report on Wednesday, September 6th. BidaskClub cut FedEx Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Zacks Investment Research cut FedEx Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. Finally, Bank of America Corporation reissued a “buy” rating and issued a $247.00 price target (up from $240.00) on shares of FedEx Corporation in a report on Friday, October 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-two have given a buy rating to the company’s stock. FedEx Corporation has an average rating of “Buy” and an average price target of $228.26.

In other news, CEO Michael L. Ducker sold 14,964 shares of the firm’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $225.85, for a total value of $3,379,619.40. Following the sale, the chief executive officer now directly owns 53,397 shares of the company’s stock, valued at $12,059,712.45. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John A. Edwardson sold 2,208 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $208.14, for a total value of $459,573.12. Following the completion of the sale, the director now directly owns 30,608 shares in the company, valued at $6,370,749.12. The disclosure for this sale can be

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FDX. Karp Capital Management Corp acquired a new position in shares of FedEx Corporation in the first quarter worth $28,397,000. Sei Investments Co. raised its holdings in shares of FedEx Corporation by 20.7% in the first quarter. Sei Investments Co. now owns 497,824 shares of the shipping service provider’s stock worth $97,150,000 after acquiring an additional 85,505 shares during the last quarter. First Dallas Securities Inc. raised its holdings in shares of FedEx Corporation by 0.8% in the first quarter. First Dallas Securities Inc. now owns 6,131 shares of the shipping service provider’s stock worth $1,196,000 after acquiring an additional 50 shares during the last quarter. TD Asset Management Inc. raised its holdings in shares of FedEx Corporation by 3.5% in the first quarter. TD Asset Management Inc. now owns 159,037 shares of the shipping service provider’s stock worth $31,036,000 after acquiring an additional 5,340 shares during the last quarter. Finally, Wedbush Securities Inc. raised its holdings in shares of FedEx Corporation by 31.6% in the first quarter. Wedbush Securities Inc. now owns 5,998 shares of the shipping service provider’s stock worth $1,170,000 after acquiring an additional 1,439 shares during the last quarter. 75.88% of the stock is owned by institutional investors.

TRADEMARK VIOLATION WARNING: This report was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another site, it was stolen and reposted in violation of US and international trademark & copyright law. The legal version of this report can be accessed at https://ledgergazette.com/2017/10/19/financial-counselors-inc-has-1-51-million-stake-in-fedex-corporation-fdx.html.

Shares of FedEx Corporation (NYSE:FDX) opened at 222.30 on Thursday. FedEx Corporation has a 12 month low of $168.00 and a 12 month high of $227.00. The stock has a 50 day moving average price of $218.64 and a 200 day moving average price of $206.75. The stock has a market cap of $59.61 billion, a P/E ratio of 20.96 and a beta of 1.31.

FedEx Corporation (NYSE:FDX) last posted its earnings results on Tuesday, September 19th. The shipping service provider reported $2.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.17 by ($0.66). The business had revenue of $15.30 billion for the quarter, compared to analyst estimates of $15.35 billion. FedEx Corporation had a return on equity of 20.69% and a net margin of 4.72%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.90 earnings per share. Equities analysts anticipate that FedEx Corporation will post $12.47 EPS for the current fiscal year.

The firm also recently announced 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. FedEx Corporation’s payout ratio is 18.87%.

A number of equities analysts have recently weighed in on FDX shares. Vetr cut FedEx Corporation to a “sell” rating and set a $204.84 price target for the company. in a report on Thursday, August 31st. BMO Capital Markets reissued a “buy” rating and issued a $245.00 price target on shares of FedEx Corporation in a report on Wednesday, September 6th. BidaskClub cut FedEx Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Zacks Investment Research cut FedEx Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. Finally, Bank of America Corporation reissued a “buy” rating and issued a $247.00 price target (up from $240.00) on shares of FedEx Corporation in a report on Friday, October 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-two have given a buy rating to the company’s stock. FedEx Corporation has an average rating of “Buy” and an average price target of $228.26.

In other news, CEO Michael L. Ducker sold 14,964 shares of the firm’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $225.85, for a total value of $3,379,619.40. Following the sale, the chief executive officer now directly owns 53,397 shares of the company’s stock, valued at $12,059,712.45. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John A. Edwardson sold 2,208 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $208.14, for a total value of $459,573.12. Following the completion of the sale, the director now directly owns 30,608 shares in the company, valued at $6,370,749.12. The disclosure for this sale can be found here. Insiders have sold 27,172 shares of company stock worth $6,039,193 over the last three months. Company insiders own 8.45% of the company’s stock.

About FedEx Corporation

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.

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

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