Buckley Wealth Management LLC Buys 232 Shares of FedEx (FDX)

Buckley Wealth Management LLC increased its stake in shares of FedEx (NYSE:FDX) by 23.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,217 shares of the shipping service provider’s stock after buying an additional 232 shares during the quarter. Buckley Wealth Management LLC’s holdings in FedEx were worth $292,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. MetLife Investment Advisors LLC bought a new position in FedEx during the 4th quarter worth $19,047,000. J. Goldman & Co LP boosted its position in FedEx by 209.6% during the 4th quarter. J. Goldman & Co LP now owns 68,492 shares of the shipping service provider’s stock worth $17,091,000 after acquiring an additional 130,992 shares during the period. Hartwell J M Limited Partnership acquired a new position in FedEx during the 4th quarter worth $4,396,000. Kovack Advisors Inc. acquired a new position in FedEx during the 4th quarter worth $343,000. Finally, Elkfork Partners LLC acquired a new position in FedEx during the 4th quarter worth $1,070,000. Hedge funds and other institutional investors own 75.21% of the company’s stock.

In other news, Director Paul S. Walsh sold 4,400 shares of the company’s stock in a transaction on Wednesday, April 18th. The stock was sold at an average price of $255.00, for a total transaction of $1,122,000.00. Following the completion of the sale, the director now directly owns 14,400 shares of the company’s stock, valued at $3,672,000. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Frederick W. Smith sold 124,000 shares of the company’s stock in a transaction on Wednesday, April 18th. The shares were sold at an average price of $255.99, for a total value of $31,742,760.00. Following the sale, the chief executive officer now directly owns 14,864,465 shares of the company’s stock, valued at $3,805,154,395.35. The disclosure for this sale can be found here. Corporate insiders own 8.45% of the company’s stock.

A number of research analysts have issued reports on FDX shares. Robert W. Baird reiterated a “buy” rating and set a $270.00 price target on shares of FedEx in a research report on Monday, February 12th. Sanford C. Bernstein upgraded FedEx from a “market perform” rating to an “outperform” rating and set a $290.00 price target for the company in a research report on Friday, February 23rd. Oppenheimer boosted their price target on FedEx from $265.00 to $274.00 and gave the stock an “outperform” rating in a research report on Friday, March 16th. Zacks Investment Research lowered FedEx from a “buy” rating to a “hold” rating in a research report on Friday, March 23rd. Finally, KeyCorp boosted their price target on FedEx from $275.00 to $290.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $281.60.

Shares of FedEx opened at $248.46 on Friday, Marketbeat Ratings reports. The company has a quick ratio of 1.37, a current ratio of 1.43 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $66.26 billion, a PE ratio of 20.20, a PEG ratio of 1.28 and a beta of 1.39. FedEx has a fifty-two week low of $246.94 and a fifty-two week high of $248.54.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Tuesday, March 20th. The shipping service provider reported $3.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.11 by $0.61. The business had revenue of $16.53 billion during the quarter, compared to analyst estimates of $16.17 billion. FedEx had a return on equity of 21.65% and a net margin of 6.99%. The company’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.35 earnings per share. equities analysts anticipate that FedEx will post 15.14 earnings per share for the current fiscal year.

About FedEx

FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment provides various shipping services for the delivery of packages and freight; international trade services specializing in customs brokerage, and ocean and air freight forwarding services; assistance with the customs-trade partnership against terrorism program; and customs clearance services, as well as an information tool that allows customers to track and manage imports.

Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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