UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 11,549 Shares of FedEx Co. (NYSE:FDX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in FedEx Co. (NYSE:FDX - Free Report) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,297,568 shares of the shipping service provider's stock after buying an additional 11,549 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.54% of FedEx worth $365,045,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Regal Investment Advisors LLC increased its stake in shares of FedEx by 2.4% in the fourth quarter. Regal Investment Advisors LLC now owns 1,604 shares of the shipping service provider's stock worth $451,000 after acquiring an additional 38 shares during the last quarter. Cetera Trust Company N.A grew its stake in FedEx by 0.5% in the fourth quarter. Cetera Trust Company N.A now owns 7,925 shares of the shipping service provider's stock valued at $2,230,000 after purchasing an additional 40 shares in the last quarter. Griffin Asset Management Inc. increased its position in FedEx by 0.4% in the 4th quarter. Griffin Asset Management Inc. now owns 10,365 shares of the shipping service provider's stock worth $2,916,000 after purchasing an additional 40 shares during the last quarter. Aviso Financial Inc. raised its stake in shares of FedEx by 1.2% during the 4th quarter. Aviso Financial Inc. now owns 3,400 shares of the shipping service provider's stock worth $957,000 after purchasing an additional 40 shares in the last quarter. Finally, Garner Asset Management Corp raised its stake in shares of FedEx by 0.7% during the 4th quarter. Garner Asset Management Corp now owns 5,897 shares of the shipping service provider's stock worth $1,659,000 after purchasing an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 84.47% of the company's stock.

Wall Street Analyst Weigh In

FDX has been the topic of a number of research reports. UBS Group dropped their price objective on FedEx from $350.00 to $331.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Wells Fargo & Company dropped their price target on shares of FedEx from $260.00 to $220.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. cut their price target on shares of FedEx from $323.00 to $280.00 and set an "overweight" rating on the stock in a report on Friday, March 21st. Deutsche Bank Aktiengesellschaft started coverage on shares of FedEx in a research note on Friday, March 7th. They issued a "buy" rating and a $337.00 price objective for the company. Finally, Raymond James lowered their target price on shares of FedEx from $320.00 to $290.00 and set an "outperform" rating on the stock 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 issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $297.00.

Insider Activity at FedEx

In other FedEx 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 value of $1,499,050.25. Following the sale, the chief operating officer now owns 23,347 shares of the company's stock, valued at $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 can be accessed through this link. 8.87% of the stock is currently owned by corporate insiders.

FedEx Stock Performance

FedEx stock traded up $4.04 during mid-day trading on Tuesday, reaching $220.65. The company had a trading volume of 458,569 shares, compared to its average volume of 1,817,059. 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 firm has a market cap of $52.87 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 1.11 and a beta of 1.36. The company has a 50 day moving average of $219.98 and a 200-day moving average of $253.94. FedEx Co. has a 52 week low of $194.30 and a 52 week high of $313.84.

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 for the quarter, missing analysts' consensus estimates of $4.56 by ($0.05). The firm had revenue of $22.16 billion for the quarter, compared to analyst estimates of $21.96 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The firm's quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the business earned $3.86 earnings per share. On average, sell-side analysts expect that FedEx Co. will post 19.14 EPS for the current fiscal year.

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.