FedEx Co. (NYSE:FDX) Shares Purchased by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp boosted its stake in shares of FedEx Co. (NYSE:FDX - Free Report) by 19.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,870 shares of the shipping service provider's stock after acquiring an additional 1,627 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in FedEx were worth $2,777,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of FDX. Transce3nd LLC acquired a new stake in FedEx during the fourth quarter valued at $26,000. Peoples Financial Services CORP. acquired a new stake in shares of FedEx during the 4th quarter valued at about $28,000. City Holding Co. purchased a new position in shares of FedEx in the 4th quarter valued at about $28,000. Kentucky Trust Co acquired a new position in FedEx in the 4th quarter worth about $28,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new position in FedEx during the fourth quarter worth approximately $28,000. 84.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FDX has been the subject of several research analyst reports. Barclays reduced 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. Bank of America decreased their price objective on shares of FedEx from $272.00 to $270.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. JPMorgan Chase & Co. cut their target price on shares of FedEx from $323.00 to $280.00 and set an "overweight" rating for the company in a research note on Friday, March 21st. Stephens reaffirmed an "overweight" rating and issued a $300.00 price target on shares of FedEx in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on FedEx in a research note on Friday, March 7th. They set a "buy" rating and a $337.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $297.00.

Insider Buying and Selling

In other FedEx news, COO John Alan Smith sold 6,155 shares of the company'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 sale, the chief operating officer now owns 23,347 shares in the company, valued at $5,686,161.85. This represents a 20.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.87% of the stock is owned by insiders.

FedEx Trading Down 1.3%

NYSE FDX traded down $3.02 on Tuesday, reaching $223.10. The stock had a trading volume of 745,844 shares, compared to its average volume of 1,877,199. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73. The stock has a fifty day moving average price of $222.61 and a two-hundred day moving average price of $256.08. FedEx Co. has a 12-month low of $194.29 and a 12-month high of $313.84. The firm has a market capitalization of $53.45 billion, a price-to-earnings ratio of 14.22, a P/E/G ratio of 1.11 and a beta of 1.36.

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 the consensus estimate of $4.56 by ($0.05). FedEx had a net margin of 4.45% and a return on equity of 15.59%. The firm had revenue of $22.16 billion during the quarter, compared to analysts' expectations of $21.96 billion. During the same quarter in the prior year, the firm posted $3.86 EPS. FedEx's quarterly revenue was up 1.9% compared to the same quarter last year. As a group, sell-side analysts forecast that FedEx Co. will post 19.14 EPS for the current fiscal year.

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.