Global Financial Private Client LLC lowered its position in FedEx Co. (NYSE:FDX - Free Report) by 80.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 322 shares of the shipping service provider's stock after selling 1,360 shares during the quarter. Global Financial Private Client LLC's holdings in FedEx were worth $78,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in FDX. Norges Bank bought a new position in FedEx in the fourth quarter worth about $807,352,000. Raymond James Financial Inc. purchased a new stake in shares of FedEx during the fourth quarter valued at $234,028,000. Dodge & Cox lifted 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 purchasing an additional 734,268 shares during the period. GAMMA Investing LLC lifted its position in FedEx by 18,202.1% during the first quarter. GAMMA Investing LLC now owns 545,586 shares of the shipping service provider's stock valued at $133,003,000 after purchasing an additional 542,605 shares during the period. Finally, Capital Research Global Investors acquired a new stake in FedEx in the fourth quarter valued at approximately $145,733,000. Institutional investors own 84.47% of the company's stock.
Insider Activity at FedEx
In other FedEx news, COO John Alan Smith sold 6,155 shares of the 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 transaction, the chief operating officer now directly owns 23,347 shares of the company's stock, valued at $5,686,161.85. This represents a 20.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.87% of the stock is owned by company insiders.
FedEx Trading Down 0.2%
Shares of FedEx stock traded down $0.53 during trading hours on Wednesday, hitting $219.25. The company's stock had a trading volume of 437,459 shares, compared to its average volume of 1,825,980. 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 has a 50 day moving average of $217.28 and a 200 day moving average of $251.18. FedEx Co. has a 12 month low of $194.30 and a 12 month high of $313.84. The company has a market capitalization of $52.53 billion, a PE ratio of 13.97, a price-to-earnings-growth ratio of 1.11 and a beta of 1.35.
FedEx (NYSE:FDX - Get Free Report) last announced its earnings results on Thursday, March 20th. The shipping service provider reported $4.51 EPS for the quarter, missing the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the business posted $3.86 earnings per share. Analysts predict that FedEx Co. will post 19.14 earnings per share for the current year.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on FDX shares. Stifel Nicolaus lowered their target price on FedEx from $364.00 to $354.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Wells Fargo & Company cut their price target on shares of FedEx from $260.00 to $220.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Deutsche Bank Aktiengesellschaft started coverage on FedEx in a research report on Friday, March 7th. They set a "buy" rating and a $337.00 price objective for the company. BMO Capital Markets cut their price objective on shares of FedEx from $275.00 to $260.00 and set a "market perform" rating on the stock in a report on Monday, May 19th. Finally, JPMorgan Chase & Co. decreased their price objective on FedEx from $323.00 to $280.00 and set an "overweight" rating for the company in a report on Friday, March 21st. Two analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $295.33.
View Our Latest Analysis on FDX
FedEx Company 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.
See Also
Before you consider FedEx, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FedEx wasn't on the list.
While FedEx currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
