August 1, 2016 FedEx report is updated

FedEx is updated and rated Buy at $161.66. (This was yesterday’s closing price, as I post this it is at $158.78, down 1.8% on a day that most stocks are down).

FedEx has substantially increased its earnings due to cost cutting and due to share buy backs. It has just closed a major acquisition and appears set for continued profit growth in the next few years. However, it also faces the slower growth in the world economy.

FedEx was up 8.5% in 2016 as of yesterday’s closing price. The dividend was recently increased by 60% but the yield remains low at 1% as it retains most of its earnings.