St. Clair Advisors LLC Makes New Investment in FedEx Co. (NYSE:FDX)

St. Clair Advisors LLC bought a new stake in shares of FedEx Co. (NYSE:FDX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,908 shares of the shipping service provider's stock, valued at approximately $818,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Two Sigma Investments LP increased its stake in shares of FedEx by 98.1% during the fourth quarter. Two Sigma Investments LP now owns 10,700 shares of the shipping service provider's stock valued at $3,010,000 after purchasing an additional 5,300 shares in the last quarter. Texas Bank & Trust Co purchased a new stake in shares of FedEx during the fourth quarter valued at approximately $622,000. Tidal Investments LLC grew its holdings in shares of FedEx by 4.9% during the fourth quarter. Tidal Investments LLC now owns 19,795 shares of the shipping service provider's stock valued at $5,569,000 after buying an additional 925 shares during the last quarter. Tang Capital Management LLC purchased a new stake in shares of FedEx during the fourth quarter valued at approximately $942,000. Finally, Toronto Dominion Bank grew its holdings in shares of FedEx by 56.7% during the fourth quarter. Toronto Dominion Bank now owns 131,302 shares of the shipping service provider's stock valued at $36,939,000 after buying an additional 47,491 shares during the last quarter. Institutional investors own 84.47% of the company's stock.

Insider Buying and Selling at FedEx

In other FedEx news, COO John Alan Smith sold 6,155 shares of FedEx stock in a transaction 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 sale, the chief operating officer now directly owns 23,347 shares in the company, valued at approximately $5,686,161.85. The trade was a 20.86% decrease in their position. 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 insiders.

Analyst Ratings Changes

A number of research firms have recently commented on FDX. Raymond James cut their price target on shares of FedEx from $320.00 to $290.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Loop Capital cut shares of FedEx from a "hold" rating to a "sell" rating and cut their price target for the company from $283.00 to $221.00 in a report on Friday, March 21st. Wall Street Zen upgraded shares of FedEx from a "hold" rating to a "buy" rating in a report on Thursday. Oppenheimer restated a "market perform" rating on shares of FedEx in a report on Friday, March 21st. Finally, Jefferies Financial Group upgraded shares of FedEx from a "hold" rating to a "buy" rating and dropped their target price for the stock from $300.00 to $275.00 in a report on Monday, March 24th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $297.00.

FedEx Price Performance

NYSE FDX traded up $1.83 on Thursday, reaching $218.64. The company had a trading volume of 1,512,712 shares, compared to its average volume of 1,819,049. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $52.39 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 1.11 and a beta of 1.36. The firm's 50 day moving average price is $221.71 and its 200 day moving average price is $255.57. FedEx Co. has a 12 month low of $194.30 and a 12 month high of $313.84.

FedEx (NYSE:FDX - Get Free Report) last announced its quarterly 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 the consensus estimate 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 firm posted $3.86 earnings per share. As a group, equities analysts predict that FedEx Co. will post 19.14 earnings per share 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.