LS Investment Advisors LLC Purchases 812 Shares of FedEx Co. (FDX)

LS Investment Advisors LLC raised its position in FedEx Co. (NYSE:FDX) by 13.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,689 shares of the shipping service provider’s stock after purchasing an additional 812 shares during the quarter. LS Investment Advisors LLC’s holdings in FedEx were worth $1,669,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Strategic Advisors LLC raised its stake in shares of FedEx by 16.7% in the 2nd quarter. Strategic Advisors LLC now owns 2,138 shares of the shipping service provider’s stock valued at $465,000 after purchasing an additional 306 shares during the period. Stevens Capital Management LP increased its position in shares of FedEx by 60.6% in the second quarter. Stevens Capital Management LP now owns 39,340 shares of the shipping service provider’s stock valued at $8,550,000 after acquiring an additional 14,845 shares during the last quarter. Vanguard Group Inc. increased its position in shares of FedEx by 2.7% in the second quarter. Vanguard Group Inc. now owns 18,490,065 shares of the shipping service provider’s stock valued at $4,018,446,000 after acquiring an additional 492,840 shares during the last quarter. Prudential PLC increased its position in shares of FedEx by 25.8% in the second quarter. Prudential PLC now owns 52,403 shares of the shipping service provider’s stock valued at $11,389,000 after acquiring an additional 10,753 shares during the last quarter. Finally, Sirios Capital Management L P increased its position in shares of FedEx by 12.3% in the third quarter. Sirios Capital Management L P now owns 589,149 shares of the shipping service provider’s stock valued at $132,901,000 after acquiring an additional 64,637 shares during the last quarter. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director David P. Steiner sold 3,016 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $266.05, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO David J. Bronczek sold 46,555 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $255.49, for a total value of $11,894,336.95. Following the sale, the chief operating officer now owns 48,562 shares of the company’s stock, valued at approximately $12,407,105.38. The disclosure for this sale can be found here. Insiders have sold 53,541 shares of company stock valued at $13,692,142 in the last quarter. 8.45% of the stock is currently owned by corporate insiders.

FDX has been the topic of a number of recent research reports. Citigroup lifted their target price on FedEx to $275.00 and gave the company a “buy” rating in a research report on Tuesday, December 12th. Credit Suisse Group reaffirmed a “positive” rating and issued a $283.00 target price (up previously from $278.00) on shares of FedEx in a research report on Wednesday, December 20th. Stephens set a $306.00 target price on FedEx and gave the company a “buy” rating in a research report on Wednesday, December 20th. Robert W. Baird reaffirmed a “buy” rating and issued a $270.00 target price on shares of FedEx in a research report on Monday. Finally, Zacks Investment Research downgraded FedEx from a “hold” rating to a “sell” rating in a research report on Monday, November 27th. 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 assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $272.69.

FedEx Co. (FDX) opened at $240.32 on Wednesday. FedEx Co. has a 1-year low of $182.89 and a 1-year high of $274.66. The company has a current ratio of 1.57, a quick ratio of 1.50 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $64,274.75, a PE ratio of 19.52, a P/E/G ratio of 1.40 and a beta of 1.30.

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

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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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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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