North Star Asset Management Inc. Sells 11,023 Shares of FedEx Co. (NYSE:FDX)

North Star Asset Management Inc. lessened its position in shares of FedEx Co. (NYSE:FDX - Free Report) by 22.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,173 shares of the shipping service provider's stock after selling 11,023 shares during the quarter. North Star Asset Management Inc.'s holdings in FedEx were worth $10,458,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in FDX. Invst LLC raised its position in shares of FedEx by 2.0% in the 4th quarter. Invst LLC now owns 7,308 shares of the shipping service provider's stock valued at $2,056,000 after acquiring an additional 140 shares during the period. Parr Mcknight Wealth Management Group LLC acquired a new stake in FedEx in the fourth quarter worth $496,000. Vise Technologies Inc. raised its stake in FedEx by 17.7% during the 4th quarter. Vise Technologies Inc. now owns 5,840 shares of the shipping service provider's stock worth $1,643,000 after buying an additional 879 shares during the period. Highview Capital Management LLC DE raised its stake in FedEx by 3.0% during the 4th quarter. Highview Capital Management LLC DE now owns 4,501 shares of the shipping service provider's stock worth $1,266,000 after buying an additional 129 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in FedEx by 14.8% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 44,448 shares of the shipping service provider's stock worth $12,505,000 after buying an additional 5,721 shares during the period. Institutional investors and hedge funds own 84.47% of the company's stock.

Insider Buying and Selling at FedEx

In related news, COO John Alan Smith sold 6,155 shares of FedEx stock in a transaction that occurred on 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 trade represents a 20.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 8.87% of the company's stock.

FedEx Stock Performance

FDX stock traded up $1.40 during trading hours on Thursday, hitting $218.55. 393,542 shares of the stock were exchanged, compared to its average volume of 1,817,032. FedEx Co. has a 12 month low of $194.30 and a 12 month high of $313.84. The firm has a market capitalization of $52.36 billion, a P/E ratio of 13.93, a P/E/G ratio of 1.11 and a beta of 1.36. The company has a 50-day simple moving average of $219.20 and a two-hundred day simple moving average of $253.45. 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 return on equity of 15.59% and a net margin of 4.45%. The company had revenue of $22.16 billion for the quarter, compared to the consensus estimate of $21.96 billion. During the same quarter last year, the business earned $3.86 EPS. FedEx's revenue was up 1.9% on a year-over-year basis. On average, analysts forecast that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on FDX shares. Jefferies Financial Group upgraded FedEx from a "hold" rating to a "buy" rating and cut their price objective for the company from $300.00 to $275.00 in a report on Monday, March 24th. Oppenheimer restated a "market perform" rating on shares of FedEx in a report on Friday, March 21st. Stephens restated an "overweight" rating and set a $300.00 target price on shares of FedEx in a report on Tuesday, May 20th. Wells Fargo & Company dropped their price objective on shares of FedEx from $260.00 to $220.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Finally, Stifel Nicolaus dropped their price target on FedEx from $364.00 to $354.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, FedEx presently has a consensus rating of "Moderate Buy" and an average price target of $296.17.

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.