UMB Bank n.a. Has $2.75 Million Position in FedEx Co. (NYSE:FDX)

UMB Bank n.a. decreased its position in shares of FedEx Co. (NYSE:FDX - Free Report) by 10.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,265 shares of the shipping service provider's stock after selling 1,328 shares during the quarter. UMB Bank n.a.'s holdings in FedEx were worth $2,746,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Transce3nd LLC bought a new position in FedEx in the fourth quarter valued at about $26,000. Kentucky Trust Co bought a new position in shares of FedEx in the 4th quarter valued at about $28,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of FedEx during the 4th quarter worth approximately $28,000. Activest Wealth Management bought a new stake in shares of FedEx during the fourth quarter worth approximately $29,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of FedEx during the fourth quarter worth approximately $32,000. 84.47% of the stock is currently owned by institutional investors.

Insider Activity at FedEx

In other FedEx news, COO John Alan Smith sold 6,155 shares of the 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 completion of the sale, the chief operating officer now owns 23,347 shares in the company, valued at $5,686,161.85. This trade represents a 20.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 8.87% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wall Street Zen cut shares of FedEx from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Stephens reiterated an "overweight" rating and issued a $300.00 price objective on shares of FedEx in a report on Tuesday, May 20th. Bank of America reduced their target price on FedEx from $272.00 to $270.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. BMO Capital Markets decreased their target price on FedEx from $275.00 to $260.00 and set a "market perform" rating for the company in a research report on Monday, May 19th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of FedEx in a research report on Friday, March 7th. They issued a "buy" rating and a $337.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, FedEx has a consensus rating of "Moderate Buy" and an average price target of $295.33.

FedEx Stock Up 1.5%

FedEx stock opened at $219.96 on Monday. The company has a fifty day simple moving average of $215.83 and a 200 day simple moving average of $249.33. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73. FedEx Co. has a 1-year low of $194.30 and a 1-year high of $313.84. The company has a market cap of $52.70 billion, a P/E ratio of 14.02, a price-to-earnings-growth ratio of 1.11 and a beta of 1.35.

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 (EPS) for the quarter, missing the consensus estimate of $4.56 by ($0.05). The company had revenue of $22.16 billion for the quarter, compared to the consensus estimate of $21.96 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The business's revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.86 EPS. Research analysts anticipate that FedEx Co. will post 19.14 earnings per share 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.

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