FedEx Co. (FDX) Shares Bought by SFE Investment Counsel

SFE Investment Counsel boosted its stake in shares of FedEx Co. (NYSE:FDX) by 35.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,922 shares of the shipping service provider’s stock after acquiring an additional 2,618 shares during the period. SFE Investment Counsel’s holdings in FedEx were worth $2,476,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of FDX. Regal Investment Advisors LLC lifted its position in FedEx by 26.7% during the fourth quarter. Regal Investment Advisors LLC now owns 2,276 shares of the shipping service provider’s stock valued at $568,000 after purchasing an additional 480 shares during the last quarter. Wellington Shields Capital Management LLC lifted its position in FedEx by 86.1% during the fourth quarter. Wellington Shields Capital Management LLC now owns 3,675 shares of the shipping service provider’s stock valued at $917,000 after purchasing an additional 1,700 shares during the last quarter. Mendel Money Management bought a new position in FedEx during the fourth quarter valued at $4,260,000. Bruderman Asset Management LLC bought a new position in FedEx during the fourth quarter valued at $490,000. Finally, Royal Bank of Scotland Group PLC lifted its position in FedEx by 1.2% during the fourth quarter. Royal Bank of Scotland Group PLC now owns 22,614 shares of the shipping service provider’s stock valued at $5,643,000 after purchasing an additional 269 shares during the last quarter. 75.94% of the stock is owned by institutional investors.

FDX has been the subject of several research reports. Zacks Investment Research lowered shares of FedEx from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Sanford C. Bernstein set a $236.00 price objective on shares of FedEx and gave the company a “hold” rating in a research report on Wednesday, December 20th. Loop Capital increased their price objective on shares of FedEx to $318.00 in a research report on Thursday, January 4th. UBS Group upgraded shares of FedEx from a “neutral” rating to a “buy” rating and increased their price objective for the company from $264.00 to $302.00 in a research report on Friday, January 5th. Finally, BMO Capital Markets increased their price objective on shares of FedEx from $265.00 to $270.00 and gave the company an “outperform” rating in a research report on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $273.12.

In related news, Director David P. Steiner sold 3,016 shares of the firm’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $266.05, for a total value of $802,406.80. Following the transaction, the director now owns 16,040 shares of the company’s stock, valued at approximately $4,267,442. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Robert B. Carter sold 3,970 shares of the firm’s stock in a transaction dated 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 directly owns 187,025 shares in the company, valued at approximately $46,892,778.25. The disclosure for this sale can be found here. Insiders sold a total of 53,541 shares of company stock worth $13,692,142 in the last ninety days. 8.45% of the stock is currently owned by insiders.

Shares of FedEx Co. (FDX) opened at $235.32 on Monday. The stock has a market cap of $63,039.78, a PE ratio of 21.69, a PEG ratio of 1.37 and a beta of 1.30. 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 Co. has a twelve month low of $182.89 and a twelve month high of $274.66.

FedEx (NYSE:FDX) last released its earnings results on Tuesday, December 19th. The shipping service provider reported $3.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.89 by $0.29. The firm had revenue of $16.30 billion during the quarter, compared to analyst estimates of $15.67 billion. FedEx had a net margin of 4.74% and a return on equity of 20.56%. The business’s revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the business earned $2.80 EPS. research analysts expect that FedEx Co. will post 13.45 earnings per share for the current fiscal year.

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About FedEx

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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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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