Foster & Motley Inc. lowered its stake in shares of FedEx Co. (NYSE:FDX) by 36.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,606 shares of the shipping service provider’s stock after selling 4,282 shares during the period. Foster & Motley Inc.’s holdings in FedEx were worth $1,898,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Hendershot Investments Inc. bought a new position in shares of FedEx in the 4th quarter worth approximately $228,000. First Manhattan Co. raised its stake in FedEx by 2.8% during the 4th quarter. First Manhattan Co. now owns 586,659 shares of the shipping service provider’s stock worth $146,394,000 after acquiring an additional 16,213 shares during the period. Asset Advisors Corp raised its stake in FedEx by 2.1% during the 4th quarter. Asset Advisors Corp now owns 37,180 shares of the shipping service provider’s stock worth $9,278,000 after acquiring an additional 770 shares during the period. Hartwell J M Limited Partnership bought a new stake in FedEx during the 4th quarter worth approximately $4,396,000. Finally, Steward Partners Investment Advisory LLC raised its stake in FedEx by 117.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,507 shares of the shipping service provider’s stock worth $625,000 after acquiring an additional 1,356 shares during the period. Institutional investors and hedge funds own 75.94% of the company’s stock.
FedEx Co. (NYSE FDX) opened at $240.82 on Thursday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.57 and a quick ratio of 1.50. The stock has a market capitalization of $64,510.00, a P/E ratio of 22.13, a price-to-earnings-growth ratio of 1.40 and a beta of 1.30. FedEx Co. has a twelve month low of $182.89 and a twelve month high of $274.66.
FedEx (NYSE:FDX) last announced its earnings results on Tuesday, December 19th. The shipping service provider reported $3.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.89 by $0.29. The business had revenue of $16.30 billion during the quarter, compared to the consensus estimate of $15.67 billion. FedEx had a return on equity of 20.56% and a net margin of 4.74%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.80 EPS. equities research analysts predict that FedEx Co. will post 13.45 EPS for the current fiscal year.
A number of equities research analysts have issued reports on the stock. Robert W. Baird reaffirmed a “buy” rating and set a $270.00 price objective on shares of FedEx in a report on Monday. Zacks Investment Research raised shares of FedEx from a “hold” rating to a “strong-buy” rating and set a $310.00 target price for the company in a report on Thursday, January 18th. Bank of America reissued a “buy” rating and issued a $315.00 target price on shares of FedEx in a report on Friday, January 12th. BMO Capital Markets reissued a “buy” rating and issued a $300.00 target price on shares of FedEx in a report on Monday, January 8th. Finally, UBS Group raised shares of FedEx from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $264.00 to $302.00 in a research note on Friday, January 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $272.69.
In other FedEx news, EVP Robert B. Carter sold 3,970 shares of the company’s stock in a transaction 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 completion of 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 document filed with the SEC, which can be accessed through this link. Also, COO David J. Bronczek sold 46,555 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $255.49, for a total value of $11,894,336.95. Following the completion of the sale, the chief operating officer now owns 48,562 shares of the company’s stock, valued at $12,407,105.38. The disclosure for this sale can be found here. Over the last three months, insiders sold 53,541 shares of company stock valued at $13,692,142. 8.45% of the stock is owned by corporate insiders.
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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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