Two Sigma Investments LP Acquires 5,300 Shares of FedEx Co. (NYSE:FDX)

Two Sigma Investments LP grew its position in FedEx Co. (NYSE:FDX - Free Report) by 98.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,700 shares of the shipping service provider's stock after purchasing an additional 5,300 shares during the quarter. Two Sigma Investments LP's holdings in FedEx were worth $3,010,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Transce3nd LLC bought a new position in FedEx during the fourth quarter worth $26,000. Kentucky Trust Co bought a new position in FedEx during the fourth quarter worth $28,000. Pilgrim Partners Asia Pte Ltd bought a new position in FedEx during the fourth quarter worth $28,000. Activest Wealth Management bought a new position in FedEx during the fourth quarter worth $29,000. Finally, R Squared Ltd bought a new position in FedEx during the fourth quarter worth $31,000. 84.47% of the stock is owned by institutional investors.

Insider Buying and Selling at FedEx

In other news, COO John Alan Smith sold 6,155 shares of the business's stock in a transaction 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 sale, the chief operating officer now 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 filing with the SEC, which is accessible through the SEC website. Insiders own 8.87% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FDX. BMO Capital Markets cut their target price on shares of FedEx from $275.00 to $260.00 and set a "market perform" rating on the stock in a research note on Monday, May 19th. Cfra Research raised shares of FedEx to a "hold" rating in a research note on Thursday, March 20th. JPMorgan Chase & Co. dropped their price objective on shares of FedEx from $323.00 to $280.00 and set an "overweight" rating on the stock in a research note on Friday, March 21st. Stephens reaffirmed an "overweight" rating and issued a $300.00 price objective on shares of FedEx in a research note on Tuesday, May 20th. Finally, Bank of America decreased their price objective on shares of FedEx from $272.00 to $270.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $295.33.

FedEx Trading Down 0.4%

Shares of NYSE FDX traded down $0.83 during mid-day trading on Wednesday, hitting $218.95. The stock had a trading volume of 1,436,172 shares, compared to its average volume of 1,832,081. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. FedEx Co. has a 1 year low of $194.30 and a 1 year high of $313.84. The business has a 50 day moving average price of $216.82 and a two-hundred day moving average price of $250.96. The firm has a market cap of $52.46 billion, a P/E ratio of 13.95, a price-to-earnings-growth ratio of 1.11 and a beta of 1.35.

FedEx (NYSE:FDX - Get Free Report) last issued its earnings results on Thursday, March 20th. The shipping service provider reported $4.51 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 firm had revenue of $22.16 billion during the quarter, compared to analysts' expectations of $21.96 billion. During the same period in the previous year, the firm earned $3.86 earnings per share. The firm's quarterly revenue was up 1.9% compared to the same quarter last year. On average, equities analysts anticipate that FedEx Co. will post 19.14 EPS for the current fiscal 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.