Man Group plc Acquires 5,315 Shares of FedEx Co. (NYSE:FDX)

Man Group plc lifted its holdings in shares of FedEx Co. (NYSE:FDX - Free Report) by 274.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,253 shares of the shipping service provider's stock after buying an additional 5,315 shares during the period. Man Group plc's holdings in FedEx were worth $2,040,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Atomi Financial Group Inc. grew its stake in shares of FedEx by 18.2% during the 4th quarter. Atomi Financial Group Inc. now owns 1,400 shares of the shipping service provider's stock valued at $394,000 after purchasing an additional 216 shares during the period. Red Door Wealth Management LLC grew its position in FedEx by 0.9% during the fourth quarter. Red Door Wealth Management LLC now owns 32,838 shares of the shipping service provider's stock valued at $9,238,000 after buying an additional 303 shares during the period. Secure Asset Management LLC increased its holdings in FedEx by 9.7% during the fourth quarter. Secure Asset Management LLC now owns 913 shares of the shipping service provider's stock valued at $257,000 after buying an additional 81 shares during the last quarter. Brighton Jones LLC increased its holdings in FedEx by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider's stock valued at $514,000 after buying an additional 207 shares during the last quarter. Finally, Cornerstone Wealth Management LLC raised its position in FedEx by 30.5% in the fourth quarter. Cornerstone Wealth Management LLC now owns 2,284 shares of the shipping service provider's stock worth $642,000 after acquiring an additional 534 shares during the period. 84.47% of the stock is currently owned by institutional investors.

FedEx Trading Up 1.4%

FDX traded up $3.11 on Tuesday, hitting $219.72. The company had a trading volume of 1,916,261 shares, compared to its average volume of 1,822,556. The business's fifty day simple moving average is $219.98 and its 200 day simple moving average is $253.94. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73. FedEx Co. has a 12-month low of $194.30 and a 12-month high of $313.84. The company has a market cap of $52.64 billion, a PE ratio of 14.00, a PEG ratio of 1.11 and a beta of 1.36.

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

Insiders Place Their Bets

In other 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 transaction, the chief operating officer now owns 23,347 shares of the company's stock, valued at approximately $5,686,161.85. This represents a 20.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 8.87% of the stock is currently owned by company insiders.

Analyst Ratings Changes

FDX has been the subject of several analyst reports. Truist Financial reduced their price objective on FedEx from $305.00 to $275.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Citigroup decreased their price objective on FedEx from $305.00 to $267.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Stifel Nicolaus cut their price objective on FedEx from $364.00 to $354.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Wall Street Zen upgraded shares of FedEx from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Finally, Stephens reiterated an "overweight" rating and issued a $300.00 price target on shares of FedEx in a research report on Tuesday, May 20th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $297.00.

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.