111 Capital Takes $508,000 Position in FedEx Co. (NYSE:FDX)

111 Capital purchased a new position in shares of FedEx Co. (NYSE:FDX - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,807 shares of the shipping service provider's stock, valued at approximately $508,000.

Other large investors have also bought and sold shares of the company. Transce3nd LLC bought a new stake in FedEx during the 4th quarter worth approximately $26,000. Kentucky Trust Co bought a new stake in FedEx during the 4th quarter worth approximately $28,000. Pilgrim Partners Asia Pte Ltd bought a new stake in FedEx during the 4th quarter worth approximately $28,000. Activest Wealth Management bought a new stake in FedEx during the 4th quarter worth approximately $29,000. Finally, R Squared Ltd bought a new stake in FedEx during the 4th quarter worth approximately $31,000. 84.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on FDX shares. UBS Group decreased their price target on FedEx from $331.00 to $311.00 and set a "buy" rating on the stock in a research report on Wednesday. Jefferies Financial Group raised FedEx from a "hold" rating to a "buy" rating and reduced their price objective for the stock from $300.00 to $275.00 in a report on Monday, March 24th. Truist Financial reduced their price objective on FedEx from $305.00 to $275.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Wells Fargo & Company reduced their price objective on FedEx from $260.00 to $220.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Finally, Barclays reduced their price objective on FedEx from $365.00 to $350.00 and set an "overweight" rating on the stock in a report on Friday, March 21st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, FedEx has an average rating of "Moderate Buy" and an average price target of $296.17.

FedEx Trading Down 1.1%

FedEx stock traded down $2.35 during mid-day trading on Friday, hitting $217.91. 2,339,089 shares of the company's stock were exchanged, compared to its average volume of 1,829,398. The firm has a market capitalization of $52.21 billion, a P/E ratio of 13.89, a PEG ratio of 1.11 and a beta of 1.36. FedEx Co. has a fifty-two week low of $194.30 and a fifty-two week high of $313.84. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73. The company's 50 day simple moving average is $218.29 and its 200-day simple moving average is $252.21.

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 the consensus estimate of $4.56 by ($0.05). The business had revenue of $22.16 billion for the quarter, compared to analyst estimates of $21.96 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The business's quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business posted $3.86 EPS. On average, equities analysts anticipate that FedEx Co. will post 19.14 earnings per share 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 stock was sold at an average price of $243.55, for a total transaction of $1,499,050.25. Following the completion of the transaction, the chief operating officer now owns 23,347 shares in the company, valued at approximately $5,686,161.85. This represents a 20.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 8.87% of the company's stock.

About FedEx

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.