FedEx Co. (NYSE:FDX) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP increased its position in shares of FedEx Co. (NYSE:FDX - Free Report) by 31.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,198 shares of the shipping service provider's stock after acquiring an additional 4,631 shares during the quarter. Quantinno Capital Management LP's holdings in FedEx were worth $5,401,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Transce3nd LLC acquired a new position in shares of FedEx in the 4th quarter valued at $26,000. City Holding Co. acquired a new stake in shares of FedEx during the 4th quarter worth about $28,000. Kentucky Trust Co purchased a new stake in FedEx in the 4th quarter valued at about $28,000. Pilgrim Partners Asia Pte Ltd acquired a new position in FedEx in the fourth quarter valued at about $28,000. Finally, Activest Wealth Management purchased a new position in FedEx during the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 84.47% of the company's stock.

FedEx Stock Down 1.9%

Shares of FedEx stock traded down $4.19 during trading hours on Wednesday, hitting $216.95. The company had a trading volume of 1,683,504 shares, compared to its average volume of 1,816,897. 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 company's 50-day moving average is $222.21 and its two-hundred day moving average is $255.83. The company has a market cap of $51.98 billion, a P/E ratio of 13.83, a price-to-earnings-growth ratio of 1.11 and a beta of 1.36. FedEx Co. has a twelve month low of $194.30 and a twelve month high of $313.84.

FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $22.16 billion during the quarter, compared to analyst estimates of $21.96 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The business's revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.86 EPS. Analysts anticipate that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Bank of America reduced their price target on shares of FedEx from $272.00 to $270.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. TD Cowen decreased their price target on FedEx from $337.00 to $310.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Oppenheimer reaffirmed a "market perform" rating on shares of FedEx in a research note on Friday, March 21st. Piper Sandler downgraded FedEx to a "neutral" rating in a report on Monday, February 3rd. Finally, Citigroup lowered their target price on FedEx from $305.00 to $267.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $297.00.

Insider Buying and Selling

In other news, COO John Alan Smith sold 6,155 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The shares were 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 directly owns 23,347 shares in the company, valued at approximately $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 accessible through this link. 8.87% of the stock is currently owned by company insiders.

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.