D. E. Shaw & Co. Inc. Has $10.78 Million Holdings in FedEx Co. (NYSE:FDX)

D. E. Shaw & Co. Inc. trimmed its stake in shares of FedEx Co. (NYSE:FDX - Free Report) by 40.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,315 shares of the shipping service provider's stock after selling 25,788 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in FedEx were worth $10,779,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Transce3nd LLC bought a new stake in shares of FedEx during the 4th quarter worth about $26,000. Peoples Financial Services CORP. acquired a new position in shares of FedEx in the 4th quarter worth approximately $28,000. City Holding Co. acquired a new position in shares of FedEx in the 4th quarter worth approximately $28,000. Kentucky Trust Co acquired a new position in shares of FedEx in the 4th quarter worth approximately $28,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in shares of FedEx in the 4th quarter worth approximately $28,000. 84.47% of the stock is currently owned by institutional investors.

FedEx Price Performance

Shares of FDX traded down $1.77 during trading hours on Friday, hitting $229.34. The stock had a trading volume of 2,270,050 shares, compared to its average volume of 1,811,108. The company's fifty day moving average is $222.96 and its two-hundred day moving average is $256.54. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. FedEx Co. has a 52 week low of $194.30 and a 52 week high of $313.84. The stock has a market capitalization of $54.95 billion, a price-to-earnings ratio of 14.62, a P/E/G ratio of 1.11 and a beta of 1.36.

FedEx (NYSE:FDX - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The shipping service provider reported $4.51 EPS for the quarter, missing analysts' consensus estimates of $4.56 by ($0.05). FedEx had a return on equity of 15.59% and a net margin of 4.45%. The company had revenue of $22.16 billion for the quarter, compared to the consensus estimate of $21.96 billion. During the same period in the prior year, the company earned $3.86 EPS. The firm's revenue was up 1.9% compared to the same quarter last year. On average, analysts anticipate that FedEx Co. will post 19.14 EPS for the current year.

Insiders Place Their Bets

In other FedEx news, COO John Alan Smith sold 6,155 shares of the stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $243.55, for a total transaction of $1,499,050.25. Following the sale, the chief operating officer now owns 23,347 shares of the company's stock, valued at $5,686,161.85. This represents a 20.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 8.87% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group raised shares of FedEx from a "hold" rating to a "buy" rating and lowered their price objective for the stock from $300.00 to $275.00 in a research note on Monday, March 24th. Stifel Nicolaus dropped their target price on shares of FedEx from $364.00 to $354.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Piper Sandler downgraded shares of FedEx to a "neutral" rating in a research report on Monday, February 3rd. UBS Group dropped their target price on shares of FedEx from $350.00 to $331.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Finally, Raymond James dropped their target price on shares of FedEx from $320.00 to $290.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $297.63.

FedEx Profile

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.