Schwab Charles Investment Management Inc. raised its position in FedEx Co. (NYSE:FDX) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 952,397 shares of the shipping service provider’s stock after purchasing an additional 13,198 shares during the period. Schwab Charles Investment Management Inc. owned 0.36% of FedEx worth $237,662,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Davis Selected Advisers raised its position in shares of FedEx by 265.4% during the 2nd quarter. Davis Selected Advisers now owns 1,684,618 shares of the shipping service provider’s stock valued at $366,118,000 after buying an additional 1,223,646 shares in the last quarter. Janus Henderson Group PLC raised its position in FedEx by 381.6% in the 2nd quarter. Janus Henderson Group PLC now owns 883,117 shares of the shipping service provider’s stock worth $191,934,000 after purchasing an additional 699,728 shares during the period. Jackson Square Partners LLC raised its position in FedEx by 28.7% in the 2nd quarter. Jackson Square Partners LLC now owns 2,905,839 shares of the shipping service provider’s stock worth $631,525,000 after purchasing an additional 647,401 shares during the period. Winslow Capital Management LLC purchased a new position in FedEx in the 2nd quarter worth $138,993,000. Finally, TIAA CREF Investment Management LLC raised its position in FedEx by 41.1% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 1,969,884 shares of the shipping service provider’s stock worth $428,115,000 after purchasing an additional 573,392 shares during the period. 75.94% of the stock is owned by hedge funds and other institutional investors.
FedEx Co. (NYSE:FDX) opened at $239.93 on Tuesday. The stock has a market cap of $63,039.78, a P/E ratio of 19.15, a PEG ratio of 1.37 and a beta of 1.30. FedEx Co. has a 52 week low of $182.89 and a 52 week high of $274.66. The company has a quick ratio of 1.50, a current ratio of 1.57 and a debt-to-equity ratio of 0.89.
FedEx (NYSE:FDX) last issued its earnings results on Tuesday, December 19th. The shipping service provider reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.89 by $0.29. FedEx had a net margin of 4.74% and a return on equity of 20.56%. The firm had revenue of $16.30 billion for the quarter, compared to the consensus estimate of $15.67 billion. During the same quarter in the prior year, the firm posted $2.80 earnings per share. The business’s revenue was up 9.4% on a year-over-year basis. research analysts forecast that FedEx Co. will post 13.45 EPS for the current year.
In other FedEx news, Director David P. Steiner sold 3,016 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $266.05, for a total value of $802,406.80. Following the completion of the transaction, the director now directly owns 16,040 shares in the company, valued at $4,267,442. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Robert B. Carter sold 3,970 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $250.73, for a total transaction of $995,398.10. Following the completion of the transaction, the executive vice president now owns 187,025 shares of the company’s stock, valued at $46,892,778.25. The disclosure for this sale can be found here. Insiders have sold 53,541 shares of company stock valued at $13,692,142 over the last three months. 8.45% of the stock is owned by corporate insiders.
FDX has been the topic of a number of analyst reports. Stephens set a $306.00 target price on shares of FedEx and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Goldman Sachs Group initiated coverage on shares of FedEx in a research report on Monday, November 13th. They issued a “buy” rating and a $270.00 price objective on the stock. Citigroup restated a “buy” rating and issued a $280.00 price objective on shares of FedEx in a research report on Wednesday, December 20th. Robert W. Baird restated a “buy” rating and issued a $280.00 price objective on shares of FedEx in a research report on Tuesday, January 9th. Finally, Zacks Investment Research raised shares of FedEx from a “sell” rating to a “hold” rating in a research note on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $272.69.
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FedEx Company Profile
FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.
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