NorthRock Partners LLC Boosts Stake in FedEx Co. (NYSE:FDX)

NorthRock Partners LLC raised its holdings in shares of FedEx Co. (NYSE:FDX - Free Report) by 220.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,459 shares of the shipping service provider's stock after purchasing an additional 1,692 shares during the quarter. NorthRock Partners LLC's holdings in FedEx were worth $692,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Norges Bank bought a new stake in shares of FedEx during the 4th quarter worth $807,352,000. Raymond James Financial Inc. bought a new stake in FedEx in the fourth quarter worth about $234,028,000. Dodge & Cox boosted its stake in 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 acquiring an additional 734,268 shares during the last quarter. Capital Research Global Investors bought a new position in shares of FedEx during the 4th quarter valued at approximately $145,733,000. Finally, ACR Alpine Capital Research LLC increased its stake in shares of FedEx by 62.9% during the 4th quarter. ACR Alpine Capital Research LLC now owns 852,767 shares of the shipping service provider's stock worth $239,909,000 after purchasing an additional 329,170 shares during the last quarter. Institutional investors own 84.47% of the company's stock.

Insider Activity

In other 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 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 Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 8.87% of the company's stock.

FedEx Trading Down 1.5%

Shares of NYSE:FDX traded down $3.41 during trading on Monday, reaching $226.10. 1,801,315 shares of the company traded hands, compared to its average volume of 1,811,249. The business's fifty day moving average is $222.96 and its 200-day moving average is $256.41. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $54.17 billion, a price-to-earnings ratio of 14.41, a P/E/G ratio of 1.11 and a beta of 1.36. 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 posted its quarterly earnings data 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 the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the company posted $3.86 EPS. As a group, analysts forecast that FedEx Co. will post 19.14 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on FDX shares. Loop Capital downgraded 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. Raymond James cut their price target on FedEx from $320.00 to $290.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. Jefferies Financial Group upgraded FedEx from a "hold" rating to a "buy" rating and lowered their price objective for the company from $300.00 to $275.00 in a research note on Monday, March 24th. Cfra Research upgraded FedEx to a "hold" rating in a research note on Thursday, March 20th. Finally, UBS Group lowered their price objective on FedEx from $350.00 to $331.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $297.00.

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.