Cascade Investment Advisors Inc. Lowers Stock Holdings in FedEx Co. (NYSE:FDX)

Cascade Investment Advisors Inc. lowered its position in shares of FedEx Co. (NYSE:FDX - Free Report) by 21.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,896 shares of the shipping service provider's stock after selling 1,590 shares during the quarter. Cascade Investment Advisors Inc.'s holdings in FedEx were worth $1,437,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in FedEx during the 4th quarter valued at approximately $807,352,000. Raymond James Financial Inc. bought a new position in shares of FedEx during the 4th quarter valued at about $234,028,000. Dodge & Cox grew its position in shares of 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 purchasing an additional 734,268 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of FedEx by 18,202.1% in the first quarter. GAMMA Investing LLC now owns 545,586 shares of the shipping service provider's stock worth $133,003,000 after purchasing an additional 542,605 shares during the last quarter. Finally, Capital Research Global Investors bought a new stake in shares of FedEx in the fourth quarter worth about $145,733,000. 84.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, COO John Alan Smith sold 6,155 shares of FedEx stock in a transaction dated 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 completion of the transaction, the chief operating officer now owns 23,347 shares in the company, valued at approximately $5,686,161.85. This trade represents a 20.86% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 8.87% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Raymond James lowered their target price on FedEx from $320.00 to $290.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. Stifel Nicolaus lowered their price objective on shares of FedEx from $364.00 to $354.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of FedEx in a report on Friday, March 7th. They issued a "buy" rating and a $337.00 target price on the stock. Wall Street Zen downgraded shares of FedEx from a "buy" rating to a "hold" rating in a report on Friday. Finally, Cfra Research raised FedEx to a "hold" rating in a research note on Thursday, March 20th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, FedEx has a consensus rating of "Moderate Buy" and an average price target of $295.33.

FedEx Price Performance

FDX traded up $1.92 on Tuesday, reaching $219.81. 2,351,814 shares of the company's stock were exchanged, compared to its average volume of 1,829,668. FedEx Co. has a twelve month low of $194.30 and a twelve month high of $313.84. The stock has a market cap of $52.67 billion, a PE ratio of 14.01, a P/E/G ratio of 1.11 and a beta of 1.36. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. The stock's fifty day moving average price is $217.76 and its 200-day moving average price is $251.40.

FedEx (NYSE:FDX - Get Free Report) last issued its earnings results on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share (EPS) 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 company had revenue of $22.16 billion during the quarter, compared to analysts' expectations of $21.96 billion. During the same quarter in the previous year, the company earned $3.86 earnings per share. The firm's quarterly revenue was up 1.9% compared to the same quarter last year. Sell-side analysts expect that FedEx Co. will post 19.14 EPS for the current year.

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.