Paradoxiom Capital L.P. Takes $9.57 Million Position in FedEx Co. (NYSE:FDX)

Paradoxiom Capital L.P. purchased a new position in shares of FedEx Co. (NYSE:FDX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 34,014 shares of the shipping service provider's stock, valued at approximately $9,569,000. FedEx makes up 4.0% of Paradoxiom Capital L.P.'s portfolio, making the stock its 6th largest position.

Several other large investors have also made changes to their positions in FDX. Regal Investment Advisors LLC boosted its position 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 valued at $451,000 after buying an additional 38 shares in the last quarter. Cetera Trust Company N.A boosted its position in FedEx by 0.5% in the fourth quarter. Cetera Trust Company N.A now owns 7,925 shares of the shipping service provider's stock valued at $2,230,000 after buying an additional 40 shares in the last quarter. Griffin Asset Management Inc. boosted its position in FedEx by 0.4% in the fourth quarter. Griffin Asset Management Inc. now owns 10,365 shares of the shipping service provider's stock valued at $2,916,000 after buying an additional 40 shares in the last quarter. Aviso Financial Inc. boosted its position in 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 buying an additional 40 shares in the last quarter. Finally, Garner Asset Management Corp boosted its position in FedEx by 0.7% in the fourth quarter. Garner Asset Management Corp now owns 5,897 shares of the shipping service provider's stock valued at $1,659,000 after buying an additional 41 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company's stock.

Insider Buying and Selling at FedEx

In other FedEx news, COO John Alan Smith sold 6,155 shares of FedEx stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $243.55, for a total value 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. 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 this hyperlink. Insiders own 8.87% of the company's stock.

FedEx Trading Down 0.8%

NYSE FDX traded down $1.77 during mid-day trading on Friday, reaching $229.34. 2,270,050 shares of the stock were exchanged, compared to its average volume of 1,809,543. FedEx Co. has a one year low of $194.30 and a one year high of $313.84. The stock has a 50 day simple moving average of $222.96 and a 200-day simple moving average of $256.66. The stock has a market cap of $54.95 billion, a P/E ratio of 14.62, a P/E/G ratio of 1.11 and a beta of 1.36. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19.

FedEx (NYSE:FDX - Get Free Report) last posted 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). FedEx had a net margin of 4.45% and a return on equity of 15.59%. The company had revenue of $22.16 billion during the quarter, compared to the consensus estimate of $21.96 billion. During the same period last year, the firm posted $3.86 earnings per share. The company's revenue for the quarter was up 1.9% on a year-over-year basis. On average, analysts anticipate that FedEx Co. will post 19.14 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on FDX shares. Jefferies Financial Group upgraded shares of FedEx from a "hold" rating to a "buy" rating and cut their target price for the company from $300.00 to $275.00 in a research report on Monday, March 24th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of FedEx in a research report on Friday, March 7th. They issued a "buy" rating and a $337.00 target price on the stock. Piper Sandler downgraded shares of FedEx to a "neutral" rating in a research note on Monday, February 3rd. Raymond James dropped their price target on shares of FedEx from $320.00 to $290.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. Finally, UBS Group dropped their price target on shares of FedEx from $350.00 to $331.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $297.63.

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.