Czech National Bank Buys 2,157 Shares of FedEx Co. (NYSE:FDX)

Czech National Bank raised its holdings in FedEx Co. (NYSE:FDX - Free Report) by 4.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,894 shares of the shipping service provider's stock after acquiring an additional 2,157 shares during the period. Czech National Bank's holdings in FedEx were worth $12,407,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in FedEx by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 20,199,506 shares of the shipping service provider's stock worth $5,682,727,000 after acquiring an additional 56,236 shares in the last quarter. Dodge & Cox boosted its position in FedEx by 5.6% during the fourth quarter. Dodge & Cox now owns 13,889,624 shares of the shipping service provider's stock valued at $3,907,568,000 after buying an additional 734,268 shares during the period. Geode Capital Management LLC grew its stake in shares of FedEx by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 4,798,797 shares of the shipping service provider's stock valued at $1,350,686,000 after buying an additional 109,006 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of FedEx by 8.1% in the fourth quarter. Franklin Resources Inc. now owns 4,298,646 shares of the shipping service provider's stock worth $1,209,338,000 after buying an additional 323,115 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of FedEx by 4.1% in the 4th quarter. Invesco Ltd. now owns 3,221,004 shares of the shipping service provider's stock valued at $906,165,000 after acquiring an additional 127,044 shares during the last quarter. Institutional investors own 84.47% of the company's stock.

FedEx Stock Performance

Shares of NYSE FDX traded up $1.92 during midday trading on Tuesday, hitting $219.81. 2,351,814 shares of the stock traded hands, compared to its average volume of 1,829,668. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. FedEx Co. has a one year low of $194.30 and a one year high of $313.84. The firm has a market capitalization of $52.67 billion, a P/E ratio of 14.01, a PEG ratio of 1.11 and a beta of 1.36. The firm has a 50-day moving average of $217.76 and a two-hundred day moving average of $251.40.

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 for the quarter, missing analysts' consensus estimates of $4.56 by ($0.05). The firm had revenue of $22.16 billion during the quarter, compared to the consensus estimate of $21.96 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The firm's revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the company posted $3.86 EPS. On average, equities analysts forecast that FedEx Co. will post 19.14 EPS for the current fiscal year.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FDX. Citigroup decreased their price target on FedEx from $305.00 to $267.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. 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 note on Tuesday, May 13th. Barclays dropped their price target on shares of FedEx from $350.00 to $330.00 and set an "overweight" rating for the company in a research report on Tuesday. Loop Capital cut shares of FedEx from a "hold" rating to a "sell" rating and decreased their price objective for the company from $283.00 to $221.00 in a research report on Friday, March 21st. Finally, BMO Capital Markets lowered their price objective on shares of FedEx from $275.00 to $260.00 and set a "market perform" rating for the company in a research note on Monday, May 19th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $295.33.

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.