Quantinno Capital Management LP raised its position in FedEx Co. (NYSE:FDX - Free Report) by 31.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,198 shares of the shipping service provider's stock after acquiring an additional 4,631 shares during the period. Quantinno Capital Management LP's holdings in FedEx were worth $5,401,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of FedEx by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 20,199,506 shares of the shipping service provider's stock valued at $5,682,727,000 after buying an additional 56,236 shares during the last quarter. Dodge & Cox raised its holdings in shares of FedEx by 5.6% during the fourth quarter. Dodge & Cox now owns 13,889,624 shares of the shipping service provider's stock valued at $3,907,568,000 after acquiring an additional 734,268 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of FedEx by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 4,798,797 shares of the shipping service provider's stock worth $1,350,686,000 after acquiring an additional 109,006 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of FedEx by 8.1% during the fourth quarter. Franklin Resources Inc. now owns 4,298,646 shares of the shipping service provider's stock worth $1,209,338,000 after buying an additional 323,115 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in FedEx by 4.1% in the 4th quarter. Invesco Ltd. now owns 3,221,004 shares of the shipping service provider's stock valued at $906,165,000 after acquiring an additional 127,044 shares during the last quarter. Institutional investors and hedge funds own 84.47% of the company's stock.
Insiders Place Their Bets
In related news, COO John Alan Smith sold 6,155 shares of the firm's stock in a transaction that occurred 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 transaction, the chief operating officer now owns 23,347 shares in the company, valued at approximately $5,686,161.85. This trade represents a 20.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 8.87% of the stock is currently owned by insiders.
FedEx Trading Down 1.5%
FedEx stock traded down $3.18 during trading on Friday, hitting $215.63. The company's stock had a trading volume of 409,824 shares, compared to its average volume of 1,813,538. The stock's fifty day moving average is $221.17 and its 200 day moving average is $255.20. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. FedEx Co. has a 1-year low of $194.30 and a 1-year high of $313.84. The stock has a market capitalization of $51.66 billion, a price-to-earnings ratio of 13.76, 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 EPS for the quarter, missing analysts' consensus estimates of $4.56 by ($0.05). The company had revenue of $22.16 billion for the quarter, compared to analyst estimates of $21.96 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The company's revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the company earned $3.86 EPS. As a group, equities research analysts predict that FedEx Co. will post 19.14 EPS for the current year.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on FDX. Barclays decreased their target price on shares of FedEx from $365.00 to $350.00 and set an "overweight" rating on the stock in a report on Friday, March 21st. Jefferies Financial Group raised FedEx from a "hold" rating to a "buy" rating and decreased their target price for the stock from $300.00 to $275.00 in a research note on Monday, March 24th. Cfra Research upgraded shares of FedEx to a "hold" rating in a report on Thursday, March 20th. Deutsche Bank Aktiengesellschaft began coverage on shares of FedEx in a research report on Friday, March 7th. They issued a "buy" rating and a $337.00 price target for the company. Finally, Loop Capital lowered FedEx from a "hold" rating to a "sell" rating and cut their price objective for the stock from $283.00 to $221.00 in a research report on Friday, March 21st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, FedEx currently has an average rating of "Moderate Buy" and an average price target of $297.00.
Check Out Our Latest Stock Report on FedEx
About FedEx
(
Free Report)
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.
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