Apella Capital LLC Invests $1.15 Million in FedEx Co. (NYSE:FDX)

Apella Capital LLC bought a new position in FedEx Co. (NYSE:FDX - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The firm bought 4,702 shares of the shipping service provider's stock, valued at approximately $1,146,000.

Other hedge funds have also added to or reduced their stakes in the company. Transce3nd LLC bought a new stake in shares of FedEx in the 4th quarter valued at about $26,000. Kentucky Trust Co purchased a new position in FedEx in the 4th quarter worth approximately $28,000. Pilgrim Partners Asia Pte Ltd bought a new stake in FedEx in the fourth quarter valued at approximately $28,000. Activest Wealth Management bought a new stake in FedEx in the fourth quarter valued at approximately $29,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in shares of FedEx during the fourth quarter valued at approximately $32,000. 84.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FDX has been the topic of a number of recent analyst reports. Raymond James cut their price target on shares of FedEx from $320.00 to $290.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Loop Capital cut FedEx from a "hold" rating to a "sell" rating and cut their target price for the stock from $283.00 to $221.00 in a research note on Friday, March 21st. UBS Group dropped their price objective on FedEx from $331.00 to $311.00 and set a "buy" rating for the company in a report on Wednesday, May 28th. Stephens reiterated an "overweight" rating and issued a $300.00 price target on shares of FedEx in a report on Tuesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of FedEx in a report on Friday, March 7th. They issued a "buy" rating and a $337.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $295.33.

FedEx Stock Up 1.5%

Shares of FedEx stock traded up $3.23 on Friday, reaching $219.96. The company's stock had a trading volume of 1,684,149 shares, compared to its average volume of 1,840,492. The company has a market capitalization of $52.70 billion, a price-to-earnings ratio of 14.02, a P/E/G ratio of 1.11 and a beta of 1.35. 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 Co. has a 52 week low of $194.30 and a 52 week high of $313.84. The firm's fifty day simple moving average is $215.83 and its two-hundred day simple moving average is $249.65.

FedEx (NYSE:FDX - Get Free Report) last released 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 during the quarter, compared to the consensus estimate of $21.96 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. FedEx's quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.86 earnings per share. Equities analysts anticipate that FedEx Co. will post 19.14 earnings per share for the current year.

Insider Activity

In other FedEx news, COO John Alan Smith sold 6,155 shares of the business's stock in a transaction on 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 completion of the sale, the chief operating officer now directly owns 23,347 shares in the company, valued at approximately $5,686,161.85. The trade was a 20.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.87% of the stock is owned by corporate insiders.

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.