UMB Bank N A MO lifted its position in shares of FedEx Co. (NYSE:FDX) by 38.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,053 shares of the shipping service provider’s stock after purchasing an additional 8,657 shares during the quarter. UMB Bank N A MO’s holdings in FedEx were worth $7,749,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of FDX. Krilogy Financial LLC raised its position in FedEx by 0.4% in the 2nd quarter. Krilogy Financial LLC now owns 511 shares of the shipping service provider’s stock valued at $111,000 after buying an additional 2 shares during the last quarter. Salem Investment Counselors Inc. grew its stake in FedEx by 2.8% in the 2nd quarter. Salem Investment Counselors Inc. now owns 479 shares of the shipping service provider’s stock valued at $104,000 after purchasing an additional 13 shares during the period. RNC Capital Management LLC grew its stake in FedEx by 0.8% in the 2nd quarter. RNC Capital Management LLC now owns 1,996 shares of the shipping service provider’s stock valued at $434,000 after purchasing an additional 15 shares during the period. High Falls Advisors Inc grew its stake in FedEx by 2.1% in the 2nd quarter. High Falls Advisors Inc now owns 1,124 shares of the shipping service provider’s stock valued at $244,000 after purchasing an additional 23 shares during the period. Finally, MAI Capital Management grew its stake in FedEx by 2.9% in the 2nd quarter. MAI Capital Management now owns 1,430 shares of the shipping service provider’s stock valued at $311,000 after purchasing an additional 40 shares during the period. 75.94% of the stock is currently owned by institutional investors.
A number of research analysts have issued reports on FDX shares. Citigroup upped their price objective on FedEx to $275.00 and gave the company a “buy” rating in a research note on Tuesday, December 12th. Credit Suisse Group reiterated a “positive” rating and set a $283.00 price target (up previously from $278.00) on shares of FedEx in a research note on Wednesday, December 20th. Stephens set a $306.00 price target on FedEx and gave the stock a “buy” rating in a research note on Wednesday, December 20th. Robert W. Baird reiterated a “buy” rating and set a $270.00 price target on shares of FedEx in a research note on Monday. Finally, Zacks Investment Research downgraded FedEx from a “hold” rating to a “sell” rating in a research note on Monday, November 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $272.69.
In other news, EVP Robert B. Carter sold 3,970 shares of FedEx stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $250.73, for a total value of $995,398.10. Following the sale, the executive vice president now directly owns 187,025 shares in the company, valued at approximately $46,892,778.25. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director David P. Steiner sold 3,016 shares of FedEx stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $266.05, for a total value of $802,406.80. Following the completion of the sale, the director now owns 16,040 shares in the company, valued at $4,267,442. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 53,541 shares of company stock worth $13,692,142. 8.45% of the stock is owned by corporate insiders.
FedEx Co. (FDX) traded up $0.50 during trading hours on Wednesday, hitting $240.82. The company’s stock had a trading volume of 1,817,097 shares, compared to its average volume of 2,000,000. The stock has a market cap of $64,510.00, a PE ratio of 22.13, a P/E/G ratio of 1.40 and a beta of 1.30. The company has a current ratio of 1.57, a quick ratio of 1.50 and a debt-to-equity ratio of 0.89. FedEx Co. has a 1 year low of $182.89 and a 1 year high of $274.66.
FedEx (NYSE:FDX) last announced its quarterly earnings data on Tuesday, December 19th. The shipping service provider reported $3.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.89 by $0.29. The company had revenue of $16.30 billion for the quarter, compared to analysts’ expectations of $15.67 billion. FedEx had a return on equity of 20.56% and a net margin of 4.74%. FedEx’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the firm posted $2.80 EPS. equities analysts expect that FedEx Co. will post 13.45 earnings per share for the current fiscal year.
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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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