Vishria Bird Financial Group LLC lifted its position in shares of FedEx Co. (NYSE:FDX) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,541 shares of the shipping service provider’s stock after acquiring an additional 209 shares during the quarter. FedEx accounts for approximately 6.3% of Vishria Bird Financial Group LLC’s investment portfolio, making the stock its 4th biggest holding. Vishria Bird Financial Group LLC’s holdings in FedEx were worth $5,734,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Sound Income Strategies LLC lifted its stake in FedEx by 1,666.7% in the 4th quarter. Sound Income Strategies LLC now owns 212 shares of the shipping service provider’s stock worth $34,000 after purchasing an additional 200 shares in the last quarter. Legacy Financial Advisors Inc. increased its holdings in shares of FedEx by 17.5% during the 4th quarter. Legacy Financial Advisors Inc. now owns 423 shares of the shipping service provider’s stock worth $68,000 after buying an additional 63 shares during the last quarter. North Star Investment Management Corp. increased its holdings in shares of FedEx by 101.8% during the 4th quarter. North Star Investment Management Corp. now owns 442 shares of the shipping service provider’s stock worth $71,000 after buying an additional 223 shares during the last quarter. Palo Capital Inc. acquired a new stake in FedEx in the 3rd quarter valued at approximately $108,000. Finally, Virtus Alternative Investment Advisers Inc. acquired a new stake in FedEx in the 3rd quarter valued at approximately $110,000. 72.59% of the stock is currently owned by institutional investors and hedge funds.
FDX traded down $4.13 on Friday, reaching $177.24. The company had a trading volume of 2,461,395 shares, compared to its average volume of 1,819,026. FedEx Co. has a 1 year low of $150.94 and a 1 year high of $266.67. The stock has a market cap of $46.27 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 0.87 and a beta of 1.60. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.42 and a quick ratio of 1.36.
FedEx (NYSE:FDX) last posted its quarterly earnings data on Tuesday, December 18th. The shipping service provider reported $4.03 EPS for the quarter, missing analysts’ consensus estimates of $4.05 by ($0.02). The business had revenue of $17.82 billion during the quarter, compared to analyst estimates of $17.71 billion. FedEx had a net margin of 7.23% and a return on equity of 24.11%. During the same quarter in the prior year, the firm posted $3.18 earnings per share. As a group, equities analysts expect that FedEx Co. will post 15.92 EPS for the current fiscal year.
Several analysts recently weighed in on FDX shares. Loop Capital dropped their target price on shares of FedEx to $262.00 in a report on Wednesday, December 19th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $256.00 target price on shares of FedEx in a report on Tuesday, December 18th. Deutsche Bank dropped their target price on shares of FedEx from $293.00 to $212.00 and set a “buy” rating for the company in a report on Wednesday, December 19th. Zacks Investment Research upgraded shares of FedEx from a “hold” rating to a “buy” rating and set a $226.00 price target for the company in a research note on Tuesday, December 11th. Finally, Citigroup dropped their price target on shares of FedEx from $304.00 to $275.00 and set a “buy” rating for the company in a research note on Friday, November 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and seventeen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $237.75.
In other FedEx news, VP John L. Merino sold 2,300 shares of FedEx stock in a transaction on Monday, February 4th. The shares were sold at an average price of $182.24, for a total value of $419,152.00. Following the transaction, the vice president now directly owns 30,185 shares in the company, valued at $5,500,914.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David P. Steiner bought 7,000 shares of the stock in a transaction on Wednesday, January 2nd. The shares were bought at an average price of $162.92 per share, for a total transaction of $1,140,440.00. Following the completion of the transaction, the director now directly owns 25,994 shares of the company’s stock, valued at approximately $4,234,942.48. The disclosure for this purchase can be found here. Insiders own 8.50% of the company’s stock.
FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services; and consolidates and delivers low-weight and less time-sensitive business-to-consumer packages.
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