Bristol John W & Co. Inc. NY Has $139.37 Million Position in FedEx Co. (NYSE:FDX)

Bristol John W & Co. Inc. NY lowered its position in shares of FedEx Co. (NYSE:FDX - Free Report) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 495,396 shares of the shipping service provider's stock after selling 11,067 shares during the quarter. FedEx accounts for about 2.3% of Bristol John W & Co. Inc. NY's investment portfolio, making the stock its 17th biggest holding. Bristol John W & Co. Inc. NY owned about 0.21% of FedEx worth $139,370,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. LifeWealth Investments LLC bought a new stake in shares of FedEx during the fourth quarter worth $283,000. Garde Capital Inc. increased its position in shares of FedEx by 6.1% during the fourth quarter. Garde Capital Inc. now owns 1,741 shares of the shipping service provider's stock worth $490,000 after acquiring an additional 100 shares in the last quarter. Great Valley Advisor Group Inc. increased its position in shares of FedEx by 5.2% during the fourth quarter. Great Valley Advisor Group Inc. now owns 26,631 shares of the shipping service provider's stock worth $7,491,000 after acquiring an additional 1,306 shares in the last quarter. Ameriflex Group Inc. bought a new stake in shares of FedEx during the fourth quarter worth $43,000. Finally, Challenger Wealth Management bought a new stake in shares of FedEx during the fourth quarter worth $281,000. Institutional investors and hedge funds own 84.47% of the company's stock.

Insider Transactions at FedEx

In other FedEx news, COO John Alan Smith sold 6,155 shares of FedEx stock in a transaction dated 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 in the company, valued at $5,686,161.85. The trade was a 20.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.87% of the stock is currently owned by corporate insiders.

FedEx Stock Performance

Shares of NYSE FDX traded up $2.88 during mid-day trading on Thursday, reaching $220.03. 1,461,663 shares of the company were exchanged, compared to its average volume of 1,824,050. The company's 50-day simple moving average is $219.20 and its 200-day simple moving average is $253.45. 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 stock has a market capitalization of $52.72 billion, a P/E ratio of 14.02, a P/E/G ratio of 1.11 and a beta of 1.36. FedEx Co. has a twelve month low of $194.30 and a twelve month high of $313.84.

FedEx (NYSE:FDX - Get Free Report) last posted its earnings results on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.56 by ($0.05). The company 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 quarter in the prior year, the business posted $3.86 EPS. As a group, research analysts predict that FedEx Co. will post 19.14 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FDX. UBS Group lowered their price objective on shares of FedEx from $331.00 to $311.00 and set a "buy" rating for the company in a research report on Wednesday. Citigroup decreased their target price on shares of FedEx from $305.00 to $267.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. TD Cowen decreased their target price on shares of FedEx from $337.00 to $310.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Wells Fargo & Company decreased their target price on shares of FedEx from $260.00 to $220.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of FedEx in a research report on Friday, March 7th. They issued a "buy" rating and a $337.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus 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.