Woodstock Corp Increases Holdings in FedEx Co. (NYSE:FDX)

Woodstock Corp grew its stake in shares of FedEx Co. (NYSE:FDX - Free Report) by 17.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,133 shares of the shipping service provider's stock after purchasing an additional 4,499 shares during the quarter. Woodstock Corp's holdings in FedEx were worth $7,346,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in FedEx by 0.3% in 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 purchasing an additional 56,236 shares during the period. Dodge & Cox increased its holdings in shares of FedEx by 5.6% in the fourth quarter. Dodge & Cox now owns 13,889,624 shares of the shipping service provider's stock valued at $3,907,568,000 after buying an additional 734,268 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of FedEx by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 4,798,797 shares of the shipping service provider's stock valued at $1,350,686,000 after buying an additional 109,006 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of FedEx by 8.1% in the fourth quarter. Franklin Resources Inc. now owns 4,298,646 shares of the shipping service provider's stock valued at $1,209,338,000 after buying an additional 323,115 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of FedEx by 4.1% in the fourth quarter. Invesco Ltd. now owns 3,221,004 shares of the shipping service provider's stock valued at $906,165,000 after buying an additional 127,044 shares in the last quarter. 84.47% of the stock is owned by institutional investors.

FedEx Price Performance

Shares of FedEx stock traded down $1.06 during trading on Thursday, reaching $217.83. 911,062 shares of the company's stock were exchanged, compared to its average volume of 1,828,642. FedEx Co. has a 1-year low of $194.30 and a 1-year high of $313.84. The firm's 50-day moving average price is $216.82 and its 200 day moving average price is $250.96. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. The company has a market cap of $52.19 billion, a P/E ratio of 13.88, a PEG 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.56 by ($0.05). The firm had revenue of $22.16 billion during 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%. FedEx's revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the company earned $3.86 EPS. As a group, research analysts anticipate that FedEx Co. will post 19.14 earnings per share for the current year.

Insiders Place Their Bets

In related news, COO John Alan Smith sold 6,155 shares of the stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 23,347 shares of the company's stock, valued at approximately $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 can be accessed through this link. Corporate insiders own 8.87% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on FDX shares. Jefferies Financial Group raised FedEx from a "hold" rating to a "buy" rating and dropped their price target for the company from $300.00 to $275.00 in a report on Monday, March 24th. Oppenheimer reiterated a "market perform" rating on shares of FedEx in a research note on Friday, March 21st. BMO Capital Markets dropped their price objective on FedEx from $275.00 to $260.00 and set a "market perform" rating on the stock in a research note on Monday, May 19th. Raymond James lowered their price target on FedEx from $320.00 to $290.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. Finally, Wall Street Zen lowered FedEx from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $295.33.

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.