USS Investment Management Ltd Has $14.81 Million Position in FedEx Co. (NYSE:FDX)

USS Investment Management Ltd decreased its position in FedEx Co. (NYSE:FDX - Free Report) by 10.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,594 shares of the shipping service provider's stock after selling 6,387 shares during the quarter. USS Investment Management Ltd's holdings in FedEx were worth $14,805,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in FedEx by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 20,199,506 shares of the shipping service provider's stock worth $5,682,727,000 after buying an additional 56,236 shares in the last quarter. Dodge & Cox grew its position in FedEx by 5.6% during the fourth quarter. Dodge & Cox now owns 13,889,624 shares of the shipping service provider's stock worth $3,907,568,000 after buying an additional 734,268 shares in the last quarter. Geode Capital Management LLC grew its position in FedEx by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 4,798,797 shares of the shipping service provider's stock worth $1,350,686,000 after buying an additional 109,006 shares in the last quarter. Franklin Resources Inc. grew its position in FedEx by 8.1% during the fourth quarter. Franklin Resources Inc. now owns 4,298,646 shares of the shipping service provider's stock worth $1,209,338,000 after buying an additional 323,115 shares in the last quarter. Finally, Invesco Ltd. grew its position in FedEx by 4.1% during the fourth quarter. Invesco Ltd. now owns 3,221,004 shares of the shipping service provider's stock worth $906,165,000 after buying an additional 127,044 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company's stock.

FedEx Price Performance

Shares of FDX traded down $1.96 during trading hours on Friday, reaching $216.85. The stock had a trading volume of 1,480,515 shares, compared to its average volume of 1,819,249. The stock has a market capitalization of $51.96 billion, a PE ratio of 13.82, a PEG ratio of 1.11 and a beta of 1.36. 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 12 month low of $194.30 and a 12 month high of $313.84. The company's 50-day moving average is $220.59 and its two-hundred day moving average is $254.80.

FedEx (NYSE:FDX - Get Free Report) last announced 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 firm's revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the business earned $3.86 earnings per share. Research analysts expect that FedEx Co. will post 19.14 EPS for the current year.

Insider Buying and Selling

In related news, COO John Alan Smith sold 6,155 shares of the firm's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $243.55, for a total transaction of $1,499,050.25. Following the completion of the transaction, the chief operating officer now directly owns 23,347 shares of the company's stock, valued at $5,686,161.85. This trade represents a 20.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 8.87% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on FDX shares. Jefferies Financial Group raised FedEx from a "hold" rating to a "buy" rating and reduced their price target for the stock from $300.00 to $275.00 in a research report on Monday, March 24th. Barclays cut their target price on FedEx from $365.00 to $350.00 and set an "overweight" rating for the company in a research note on Friday, March 21st. TD Cowen cut their target price on FedEx from $337.00 to $310.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Stifel Nicolaus cut their target price on FedEx from $364.00 to $354.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Finally, Citigroup cut their target price on FedEx from $305.00 to $267.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, FedEx presently has an average rating of "Moderate Buy" and an average target price of $297.00.

FedEx Company 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.