Northstar Financial Companies Inc. Invests $393,000 in FedEx Co. (NYSE:FDX)

Northstar Financial Companies Inc. purchased a new position in FedEx Co. (NYSE:FDX - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,397 shares of the shipping service provider's stock, valued at approximately $393,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of FDX. Transce3nd LLC acquired a new stake in FedEx in the 4th quarter worth $26,000. Kentucky Trust Co acquired a new stake in FedEx in the 4th quarter worth $28,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in FedEx in the 4th quarter worth $28,000. Activest Wealth Management acquired a new stake in FedEx in the 4th quarter worth $29,000. Finally, R Squared Ltd acquired a new stake in FedEx in the 4th quarter worth $31,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at FedEx

In other FedEx news, COO John Alan Smith sold 6,155 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $243.55, for a total value of $1,499,050.25. Following the completion of the sale, the chief operating officer now owns 23,347 shares of the company's stock, valued at approximately $5,686,161.85. This represents a 20.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 8.87% of the company's stock.

FedEx Trading Up 1.3%

NYSE FDX traded up $2.88 during trading hours on Thursday, hitting $220.03. The company's stock had a trading volume of 1,461,663 shares, compared to its average volume of 1,824,050. The stock has a fifty day moving average of $218.75 and a 200 day moving average of $252.97. FedEx Co. has a twelve month low of $194.30 and a twelve month high of $313.84. The firm has a market capitalization of $52.72 billion, a P/E ratio of 14.02, a PEG ratio of 1.11 and a beta of 1.36. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73.

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

Analyst Ratings Changes

Several analysts have issued reports on FDX shares. TD Cowen decreased their price target on shares of FedEx from $337.00 to $310.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of FedEx in a research report on Friday, March 7th. They set a "buy" rating and a $337.00 target price on the stock. Bank of America decreased their target price on shares of FedEx from $272.00 to $270.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Piper Sandler lowered shares of FedEx to a "neutral" rating in a research report on Monday, February 3rd. Finally, Cfra Research upgraded shares of FedEx to a "hold" rating in a research report on Thursday, March 20th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, FedEx currently has a consensus rating of "Moderate Buy" and an average price target of $296.17.

FedEx Company 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.