Enterprise Bank & Trust Co Purchases New Holdings in FedEx Co. (NYSE:FDX)

Enterprise Bank & Trust Co purchased a new stake in FedEx Co. (NYSE:FDX - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,278 shares of the shipping service provider's stock, valued at approximately $312,000.

A number of other large investors have also recently bought and sold shares of FDX. Transce3nd LLC bought a new position in FedEx in the fourth quarter valued at about $26,000. Kentucky Trust Co bought a new position in FedEx in the fourth quarter valued at about $28,000. Pilgrim Partners Asia Pte Ltd acquired a new position in FedEx in the fourth quarter valued at about $28,000. Activest Wealth Management acquired a new position in FedEx in the fourth quarter valued at about $29,000. Finally, R Squared Ltd acquired a new position in FedEx in the fourth quarter valued at about $31,000. 84.47% of the stock is currently owned by institutional investors.

Insider Transactions at FedEx

In related news, COO John Alan Smith sold 6,155 shares of the company's 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 sale, the chief operating officer now owns 23,347 shares in the company, valued at $5,686,161.85. This represents a 20.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 8.87% of the stock is owned by corporate insiders.

FedEx Price Performance

Shares of FedEx stock traded down $0.73 during trading on Thursday, reaching $218.16. 645,275 shares of the company's stock were exchanged, compared to its average volume of 1,827,522. 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 1-year low of $194.30 and a 1-year high of $313.84. The company has a market cap of $52.27 billion, a P/E ratio of 13.90, a PEG ratio of 1.11 and a beta of 1.35. The firm's 50-day moving average price is $216.82 and its 200 day moving average price is $250.96.

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

Analyst Ratings Changes

Several research firms have weighed in on FDX. Stephens reissued an "overweight" rating and issued a $300.00 target price on shares of FedEx in a research note on Tuesday, May 20th. Barclays dropped their price target on FedEx from $350.00 to $330.00 and set an "overweight" rating on the stock in a research report on Tuesday. Cfra Research upgraded FedEx to a "hold" rating in a report on Thursday, March 20th. Wells Fargo & Company decreased their price objective on FedEx from $260.00 to $220.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Finally, Bank of America decreased their price objective on FedEx from $272.00 to $270.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, FedEx presently 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.