Siemens Fonds Invest GmbH trimmed its position in shares of FedEx Co. (NYSE:FDX - Free Report) by 73.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,252 shares of the shipping service provider's stock after selling 6,152 shares during the period. Siemens Fonds Invest GmbH's holdings in FedEx were worth $634,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of FDX. Transce3nd LLC purchased a new stake in FedEx during the fourth quarter worth about $26,000. City Holding Co. acquired a new position in shares of FedEx in the fourth quarter valued at approximately $28,000. Kentucky Trust Co purchased a new stake in FedEx during the 4th quarter worth approximately $28,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in FedEx during the 4th quarter worth approximately $28,000. Finally, Activest Wealth Management purchased a new position in FedEx in the 4th quarter valued at approximately $29,000. 84.47% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at FedEx
In related news, COO John Alan Smith sold 6,155 shares of the stock in a transaction on 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 completion of the sale, the chief operating officer now directly owns 23,347 shares of the company's stock, valued at $5,686,161.85. This trade represents a 20.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 8.87% of the company's stock.
FedEx Stock Performance
Shares of FDX opened at $229.34 on Friday. The company's 50 day simple moving average is $222.96 and its 200-day simple moving average is $256.54. The firm has a market cap of $54.95 billion, a PE ratio of 14.62, a price-to-earnings-growth ratio of 1.11 and a beta of 1.36. FedEx Co. has a 12-month low of $194.30 and a 12-month high of $313.84. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73.
FedEx (NYSE:FDX - Get Free Report) last posted its quarterly earnings data 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 net margin of 4.45% and a return on equity of 15.59%. The business had revenue of $22.16 billion during the quarter, compared to analyst estimates of $21.96 billion. During the same quarter in the prior year, the firm posted $3.86 earnings per share. The company's revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, equities analysts predict that FedEx Co. will post 19.14 EPS for the current year.
Analyst Upgrades and Downgrades
FDX has been the topic of a number of recent research reports. Piper Sandler lowered FedEx to a "neutral" rating in a research report on Monday, February 3rd. BMO Capital Markets reduced their price target on FedEx from $330.00 to $275.00 and set a "market perform" rating on the stock in a research report on Friday, March 21st. Bank of America lowered their price objective on FedEx from $272.00 to $270.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. JPMorgan Chase & Co. cut their target price on shares of FedEx from $323.00 to $280.00 and set an "overweight" rating on the stock in a research note on Friday, March 21st. Finally, Barclays decreased their price target on shares of FedEx from $365.00 to $350.00 and set an "overweight" rating for the company in a research note on Friday, March 21st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $297.63.
Check Out Our Latest Stock Analysis on FDX
FedEx Profile
(
Free Report)
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.
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