Doliver Capital Advisors LP Buys Shares of 1,265 FedEx Corporation (FDX)

Doliver Capital Advisors LP bought a new stake in shares of FedEx Corporation (NYSE:FDX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,265 shares of the shipping service provider’s stock, valued at approximately $275,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FDX. BlackRock Inc. increased its position in shares of FedEx Corporation by 1,912.1% during the 1st quarter. BlackRock Inc. now owns 14,823,307 shares of the shipping service provider’s stock valued at $2,892,768,000 after purchasing an additional 14,086,601 shares during the last quarter. Harbour Capital Advisors LLC increased its position in shares of FedEx Corporation by 21,011.5% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,424,815 shares of the shipping service provider’s stock valued at $6,556,000 after purchasing an additional 1,418,066 shares during the last quarter. Davis Selected Advisers increased its position in shares of FedEx Corporation by 265.4% during the 2nd quarter. Davis Selected Advisers now owns 1,684,618 shares of the shipping service provider’s stock valued at $366,118,000 after purchasing an additional 1,223,646 shares during the last quarter. Vanguard Group Inc. increased its position in shares of FedEx Corporation by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 17,997,225 shares of the shipping service provider’s stock valued at $3,512,158,000 after purchasing an additional 918,896 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in shares of FedEx Corporation by 360.6% during the 1st quarter. Nordea Investment Management AB now owns 935,838 shares of the shipping service provider’s stock valued at $182,629,000 after purchasing an additional 732,644 shares during the last quarter. 76.16% of the stock is currently owned by hedge funds and other institutional investors.

FedEx Corporation (NYSE:FDX) last released its quarterly earnings data on Tuesday, September 19th. The shipping service provider reported $2.51 earnings per share (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 revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.90 earnings per share.

ILLEGAL ACTIVITY NOTICE: This report was originally reported by Community Financial News and is owned by of Community Financial News. If you are accessing this report on another site, it was stolen and republished in violation of United States & international copyright & trademark law. The original version of this report can be viewed at https://www.com-unik.info/2017/11/02/doliver-capital-advisors-lp-buys-shares-of-1265-fedex-corporation-fdx.html.

Several equities analysts have commented on the company. Cowen and Company reaffirmed an “outperform” rating and issued a $240.00 price objective on shares of FedEx Corporation in a research report on Friday, October 13th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $236.00 price objective on shares of FedEx Corporation in a research report on Friday, October 20th. J P Morgan Chase & Co upped their price objective on FedEx Corporation from $237.00 to $264.00 and gave the company an “overweight” rating in a research report on Thursday, October 12th. Zacks Investment Research downgraded FedEx Corporation from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $247.00 price objective (up previously from $240.00) on shares of FedEx Corporation in a research report on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $228.56.

In other news, insider Henry J. Maier sold 11,150 shares of the company’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $228.46, for a total transaction of $2,547,329.00. Following the completion of the transaction, the insider now directly owns 36,747 shares of the company’s stock, valued at approximately $8,395,219.62. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Donald F. Colleran sold 10,000 shares of the company’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $220.00, for a total value of $2,200,000.00. Following the transaction, the executive vice president now directly owns 30,499 shares of the company’s stock, valued at $6,709,780. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,094 shares of company stock valued at $9,024,637. Insiders own 8.45% of the company’s stock.

FedEx Corporation 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)

What are top analysts saying about FedEx Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for FedEx Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit