Waverly Advisors LLC Purchases 1,278 Shares of FedEx Co. (NYSE:FDX)

Waverly Advisors LLC lifted its stake in shares of FedEx Co. (NYSE:FDX - Free Report) by 34.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,032 shares of the shipping service provider's stock after buying an additional 1,278 shares during the quarter. Waverly Advisors LLC's holdings in FedEx were worth $1,416,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Regal Investment Advisors LLC boosted its holdings in 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 purchasing an additional 38 shares during the period. 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 valued at $2,916,000 after acquiring an additional 40 shares during the period. Aviso Financial Inc. boosted its holdings in shares of FedEx by 1.2% in the fourth quarter. Aviso Financial Inc. now owns 3,400 shares of the shipping service provider's stock valued at $957,000 after acquiring an additional 40 shares in the last quarter. Garner Asset Management Corp increased its position 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 valued at $1,659,000 after purchasing an additional 41 shares during the period. Finally, WealthPlan Investment Management LLC raised its position in FedEx by 2.6% in the fourth quarter. WealthPlan Investment Management LLC now owns 1,680 shares of the shipping service provider's stock worth $473,000 after acquiring an additional 42 shares in the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other FedEx news, COO John Alan Smith sold 6,155 shares of the business's stock in a transaction dated 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 sale, the chief operating officer now owns 23,347 shares of the company's stock, valued at approximately $5,686,161.85. The trade was a 20.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 8.87% of the company's stock.

Wall Street Analyst Weigh In

FDX has been the subject of a number of recent research reports. Citigroup cut their price objective on FedEx from $305.00 to $267.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Loop Capital cut FedEx from a "hold" rating to a "sell" rating and decreased their target price for the stock from $283.00 to $221.00 in a research report on Friday, March 21st. Oppenheimer reiterated a "market perform" rating on shares of FedEx in a report on Friday, March 21st. Stifel Nicolaus decreased their target price on FedEx from $364.00 to $354.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Finally, JPMorgan Chase & Co. lowered their target price 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. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $296.17.

FedEx Trading Down 0.9%

FDX stock traded down $1.90 during trading on Wednesday, hitting $217.86. 287,775 shares of the company traded hands, compared to its average volume of 1,869,337. 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 $194.29 and a 1 year high of $313.84. The firm has a market capitalization of $52.20 billion, a PE ratio of 13.89, a P/E/G ratio of 1.11 and a beta of 1.36. The company has a 50-day moving average of $219.46 and a 200-day moving average of $253.70.

FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share for the quarter, missing the consensus estimate of $4.56 by ($0.05). The firm had revenue of $22.16 billion for the quarter, compared to the consensus estimate of $21.96 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The company's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.86 earnings per share. Analysts predict that FedEx Co. will post 19.14 earnings per share 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.