Texas Bank & Trust Co Purchases Shares of 2,210 FedEx Co. (NYSE:FDX)

Texas Bank & Trust Co bought a new position in shares of FedEx Co. (NYSE:FDX - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,210 shares of the shipping service provider's stock, valued at approximately $622,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Tidal Investments LLC boosted its holdings in FedEx by 4.9% during the fourth quarter. Tidal Investments LLC now owns 19,795 shares of the shipping service provider's stock worth $5,569,000 after buying an additional 925 shares in the last quarter. Tang Capital Management LLC bought a new stake in FedEx during the fourth quarter worth approximately $942,000. Toronto Dominion Bank boosted its holdings in FedEx by 56.7% during the fourth quarter. Toronto Dominion Bank now owns 131,302 shares of the shipping service provider's stock worth $36,939,000 after buying an additional 47,491 shares in the last quarter. Shay Capital LLC acquired a new position in FedEx in the 4th quarter worth approximately $1,407,000. Finally, Silvercrest Asset Management Group LLC acquired a new position in FedEx in the 4th quarter worth approximately $8,177,000. 84.47% of the stock is currently owned by institutional investors.

FedEx Stock Performance

FDX traded down $4.19 during trading on Wednesday, hitting $216.95. The stock had a trading volume of 1,683,504 shares, compared to its average volume of 1,820,062. The firm has a market cap of $51.98 billion, a PE ratio of 13.83, a P/E/G ratio of 1.11 and a beta of 1.36. FedEx Co. has a 12 month low of $194.30 and a 12 month 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. The company has a 50 day simple moving average of $222.21 and a 200-day simple moving average of $255.83.

FedEx (NYSE:FDX - Get Free Report) last posted 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). 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 in the previous year, the firm posted $3.86 EPS. The business's revenue for the quarter was up 1.9% compared to the same quarter last year. Analysts expect that FedEx Co. will post 19.14 EPS for the current year.

Insider Activity

In other news, COO John Alan Smith sold 6,155 shares of FedEx stock in a transaction dated 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 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 Securities & Exchange Commission, which is accessible through the SEC website. 8.87% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently commented on FDX. Cfra Research raised shares of FedEx to a "hold" rating in a research note on Thursday, March 20th. JPMorgan Chase & Co. decreased their price objective on shares of FedEx from $323.00 to $280.00 and set an "overweight" rating for the company in a research note on Friday, March 21st. TD Cowen decreased their target price on shares of FedEx from $337.00 to $310.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of FedEx in a research note on Friday, March 7th. They set a "buy" rating and a $337.00 target price for the company. Finally, Bank of America decreased their target price on shares of FedEx from $272.00 to $270.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.