FedEx Co. (NYSE:FDX) Shares Sold by Wade G W & Inc.

Wade G W & Inc. reduced its position in FedEx Co. (NYSE:FDX - Free Report) by 36.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,986 shares of the shipping service provider's stock after selling 6,297 shares during the quarter. Wade G W & Inc.'s holdings in FedEx were worth $2,779,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Sentry LLC bought a new stake in shares of FedEx during the fourth quarter valued at approximately $1,811,748,000. Mizuho Markets Americas LLC bought a new position in shares of FedEx during the 3rd quarter valued at about $496,611,000. FMR LLC grew its position in shares of FedEx by 29.1% during the third quarter. FMR LLC now owns 4,063,938 shares of the shipping service provider's stock valued at $1,076,619,000 after purchasing an additional 916,555 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of FedEx by 33,890.5% in the fourth quarter. International Assets Investment Management LLC now owns 651,597 shares of the shipping service provider's stock worth $166,972,000 after purchasing an additional 649,680 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of FedEx by 144.4% in the third quarter. Ameriprise Financial Inc. now owns 1,008,037 shares of the shipping service provider's stock worth $267,135,000 after buying an additional 595,628 shares in the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. UBS Group raised their price target on FedEx from $323.00 to $340.00 and gave the company a "buy" rating in a report on Friday, March 22nd. Bank of America decreased their price target on shares of FedEx from $346.00 to $340.00 and set a "buy" rating on the stock in a research note on Tuesday, April 2nd. Robert W. Baird lifted their price objective on shares of FedEx from $315.00 to $325.00 and gave the stock an "outperform" rating in a research note on Friday, March 22nd. BNP Paribas restated an "underperform" rating and issued a $250.00 target price on shares of FedEx in a report on Wednesday, March 27th. Finally, Morgan Stanley lifted their price target on FedEx from $195.00 to $210.00 and gave the stock an "equal weight" rating in a research report on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eighteen have given a buy rating to the company's stock. According to MarketBeat, FedEx presently has a consensus rating of "Moderate Buy" and an average price target of $301.33.

Insider Buying and Selling

In other news, CEO Sriram Krishnasamy sold 354 shares of the firm's stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $289.19, for a total value of $102,373.26. Following the sale, the chief executive officer now directly owns 11,147 shares in the company, valued at approximately $3,223,600.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Sriram Krishnasamy sold 354 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $289.19, for a total transaction of $102,373.26. Following the completion of the sale, the chief executive officer now owns 11,147 shares in the company, valued at approximately $3,223,600.93. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Frederick W. Smith sold 113,400 shares of the business's stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $274.30, for a total value of $31,105,620.00. Following the transaction, the chairman now owns 14,505,844 shares in the company, valued at $3,978,953,009.20. The disclosure for this sale can be found here. Insiders sold 136,668 shares of company stock worth $37,758,773 in the last three months. 8.73% of the stock is owned by insiders.

FedEx Stock Down 0.6 %

Shares of FDX stock traded down $1.58 during mid-day trading on Friday, hitting $257.20. The stock had a trading volume of 1,419,354 shares, compared to its average volume of 1,908,858. The firm has a market capitalization of $63.29 billion, a P/E ratio of 14.82, a price-to-earnings-growth ratio of 1.22 and a beta of 1.23. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.31 and a quick ratio of 1.26. FedEx Co. has a 12-month low of $213.80 and a 12-month high of $291.27. The firm's 50-day moving average is $266.93 and its two-hundred day moving average is $256.31.

FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings data on Thursday, March 21st. The shipping service provider reported $3.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.49 by $0.37. The firm had revenue of $21.70 billion for the quarter, compared to the consensus estimate of $21.95 billion. FedEx had a net margin of 5.02% and a return on equity of 16.60%. The company's quarterly revenue was down 2.1% on a year-over-year basis. During the same period last year, the firm earned $3.41 earnings per share. On average, analysts predict that FedEx Co. will post 17.7 earnings per share for the current fiscal year.

FedEx declared that its Board of Directors has initiated a share buyback plan on Thursday, March 21st that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the shipping service provider to buy up to 7.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

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.