Toronto Dominion Bank lifted its holdings in FedEx Co. (NYSE:FDX - Free Report) by 56.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,302 shares of the shipping service provider's stock after buying an additional 47,491 shares during the quarter. Toronto Dominion Bank owned 0.05% of FedEx worth $36,939,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of FDX. Transce3nd LLC acquired a new position in shares of FedEx during the 4th quarter worth $26,000. Kentucky Trust Co acquired a new position in FedEx during the fourth quarter worth about $28,000. Pilgrim Partners Asia Pte Ltd purchased a new position in FedEx in the fourth quarter valued at about $28,000. Activest Wealth Management acquired a new stake in shares of FedEx during the 4th quarter valued at approximately $29,000. Finally, R Squared Ltd purchased a new stake in shares of FedEx during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 84.47% of the company's stock.
Insider Buying and Selling
In other FedEx 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 value of $1,499,050.25. Following the sale, the chief operating officer now 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 8.87% of the company's stock.
FedEx Stock Performance
FDX stock traded down $2.57 during midday trading on Wednesday, reaching $217.19. The company had a trading volume of 1,245,290 shares, compared to its average volume of 1,822,636. The firm has a market capitalization of $52.04 billion, a PE ratio of 13.84, a P/E/G ratio of 1.11 and a beta of 1.36. The stock has a 50 day moving average price of $219.20 and a 200 day moving average price of $253.45. FedEx Co. has a fifty-two week low of $194.30 and a fifty-two week high of $313.84. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73.
FedEx (NYSE:FDX - Get Free Report) last issued 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 in the previous year, the company earned $3.86 earnings per share. FedEx's quarterly revenue was up 1.9% compared to the same quarter last year. Analysts anticipate that FedEx Co. will post 19.14 earnings per share for the current year.
Analysts Set New Price Targets
FDX has been the topic of several research reports. Wall Street Zen upgraded shares of FedEx from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Stifel Nicolaus reduced their target price on FedEx from $364.00 to $354.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Raymond James dropped their price target on FedEx from $320.00 to $290.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. Bank of America reduced their price objective on FedEx from $272.00 to $270.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Finally, Barclays dropped their price objective on FedEx from $365.00 to $350.00 and set an "overweight" rating for the company in a research report on Friday, March 21st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $296.17.
Check Out Our Latest Research Report on FedEx
FedEx Profile
(
Free Report)
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.
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