Published: Thu, September 21, 2017
Economy | By Annette Adams

FedEx misses on earnings, cites Hurricane Harvey and TNT Express cyber attack

FedEx misses on earnings, cites Hurricane Harvey and TNT Express cyber attack

(WMB) by 52.97% based on its latest 2016Q4 regulatory filing with the SEC. The stock has a market capitalization of $59.15 billion, a PE ratio of 19.92 and a beta of 1.28. Argent Trust Co now owns 4,516 shares of the shipping service provider's stock valued at $882,000 after purchasing an additional 12 shares in the last quarter. East Coast Asset Management Llc invested in 4,926 shares or 0.28% of the stock.

About 2.52M shares traded or 137.74% up from the average. It is negative, as 62 investors sold FDX shares while 367 reduced holdings. It has outperformed by 40.77% the S&P500. FedEx's dividend payout ratio (DPR) is presently 23.46%. $2.28M worth of FedEx Corporation (NYSE:FDX) shares were sold by Cunningham David L Jr.

FedEx reported earnings of $2.19 per diluted share during its September 19 Q1 earning's call for the first quarter that ended August 31, which is down from $2.65 per diluted share in fiscal year 2017. Zacks Investment Research upgraded FedEx Corporation from a "hold" rating to a "buy" rating and set a $215.00 target price for the company in a report on Tuesday, May 23rd. RNC Capital Management LLC now owns 1,996 shares of the shipping service provider's stock worth $434,000 after acquiring an additional 15 shares in the last quarter. J P Morgan Chase & Co reiterated an "overweight" rating and issued a $237.00 target price on shares of FedEx Corporation in a report on Wednesday, June 21st. It has outperformed by 2.32% the S&P500. Five research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company's stock. Therefore 58% are positive. FedEx had 79 analyst reports since August 14, 2015 according to SRatingsIntel.

FedEx Corporation (FDX) opened at 216.00 on Wednesday. Morgan Stanley has "Equal-Weight" rating and $132 target. The company was maintained on Wednesday, June 21 by Oppenheimer. The firm has "Buy" rating given on Thursday, March 17 by UBS. Finally, Vetr lowered shares of FedEx Corporation from a hold rating to a sell rating and set a $206.26 price objective on the a research note on Monday, June 26th. The firm has "Outperform" rating given on Monday, February 6 by Raymond James. JPMorgan Chase & Co. boosted their price objective on FedEx to $236.00 in a research report on Wednesday, March 22nd. The stock was sold at an average price of $210.96, for a total transaction of $5,173,161.12. WALSH PAUL S had sold 4,400 shares worth $864,068.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Tuesday, March 21st. JACKSON SHIRLEY A had sold 6,145 shares worth $1.19 million on Thursday, March 23. SMITH FREDERICK W sold $25.52M worth of FedEx Corporation (NYSE:FDX) on Tuesday, May 2.

FedEx said on Monday it would increase its Express, Ground and Home Delivery shipping rates by an average of 4.9 percent on January 1.

ILLEGAL ACTIVITY NOTICE: "Investors Sell FedEx Corporation (FDX) on Strength Following Weak Earnings" was reported by StockNewsTimes and is the sole property of of StockNewsTimes.

Investors sentiment decreased to 1.01 in 2016 Q4. Its the same as in 2016Q3. Hanson Mcclain Inc accumulated 0.01% or 324 shares. Miles Capital holds 0.85% or 7,456 shares. Concert Wealth Mngmt has 0.18% invested in FedEx Corporation (NYSE:FDX). Aviva Public Ltd holds 0.2% of its portfolio in FedEx Corporation (NYSE:FDX) for 176,424 shares. Ancora Advisors Llc owns 183,650 shares or 0.48% of their United States portfolio. Alpine Woods Investors Lc stated it has 18,000 shares or 0.03% of all its holdings. Huber Mgmt Ltd Liability Corp accumulated 118,495 shares or 0.85% of the stock. Bnp Paribas Arbitrage invested in 0.15% or 170,026 shares. FMR LLC increased its position in FedEx Corporation by 0.3% during the 2nd quarter. Company fiscal year is ending in December and analysts' consensus recommendation is Hold for GGB.

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