FedEx Co. (NYSE:FDX) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its holdings in FedEx Co. (NYSE:FDX - Free Report) by 6.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 422,831 shares of the shipping service provider's stock after selling 27,058 shares during the period. Rhumbline Advisers owned about 0.18% of FedEx worth $103,078,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC raised its position in shares of FedEx by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider's stock worth $514,000 after purchasing an additional 207 shares during the period. R Squared Ltd bought a new stake in shares of FedEx during the 4th quarter worth $31,000. Caprock Group LLC boosted its position in shares of FedEx by 19.1% in the fourth quarter. Caprock Group LLC now owns 10,222 shares of the shipping service provider's stock worth $2,889,000 after buying an additional 1,636 shares during the period. Clear Creek Financial Management LLC boosted its position in shares of FedEx by 16.4% in the fourth quarter. Clear Creek Financial Management LLC now owns 1,354 shares of the shipping service provider's stock worth $381,000 after buying an additional 191 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of FedEx by 3.9% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,642 shares of the shipping service provider's stock worth $1,869,000 after acquiring an additional 247 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Wall Street Zen downgraded FedEx from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Cfra Research raised shares of FedEx to a "hold" rating in a report on Thursday, March 20th. Bank of America decreased their target price on shares of FedEx from $272.00 to $270.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Stephens reaffirmed an "overweight" rating and set a $300.00 price target on shares of FedEx in a research note on Tuesday, May 20th. Finally, Raymond James lowered their target price on shares of FedEx from $320.00 to $290.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $295.33.

Insider Activity at FedEx

In related news, COO John Alan Smith sold 6,155 shares of the firm's stock in a transaction dated 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 sale, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 8.87% of the company's stock.

FedEx Stock Down 1.1%

FDX stock traded down $2.35 during trading on Thursday, hitting $216.54. 1,961,104 shares of the company's stock were exchanged, compared to its average volume of 1,836,205. The business has a 50-day moving average price of $216.27 and a two-hundred day moving average price of $250.41. The stock has a market capitalization of $51.88 billion, a price-to-earnings ratio of 13.80, a PEG ratio of 1.11 and a beta of 1.35. FedEx Co. has a 52-week low of $194.30 and a 52-week 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 released its earnings results on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company's revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm posted $3.86 EPS. As a group, equities research analysts expect that FedEx Co. will post 19.14 EPS for the current year.

About FedEx

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.