Bigelow Investment Advisors LLC grew its stake in shares of FedEx Co. (NYSE:FDX – Get Rating) by 17.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,032 shares of the shipping service provider’s stock after purchasing an additional 457 shares during the quarter. Bigelow Investment Advisors LLC’s holdings in FedEx were worth $784,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its stake in shares of FedEx by 5,753.1% in the 3rd quarter. Renaissance Technologies LLC now owns 755,054 shares of the shipping service provider’s stock worth $165,576,000 after acquiring an additional 742,154 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of FedEx by 34.8% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,261,999 shares of the shipping service provider’s stock worth $496,034,000 after acquiring an additional 583,900 shares during the period. Nordea Investment Management AB lifted its stake in shares of FedEx by 39.2% in the 4th quarter. Nordea Investment Management AB now owns 1,148,723 shares of the shipping service provider’s stock worth $295,463,000 after acquiring an additional 323,340 shares during the period. Manning & Napier Group LLC acquired a new stake in shares of FedEx in the 4th quarter worth approximately $74,326,000. Finally, Morgan Stanley lifted its stake in shares of FedEx by 17.8% in the 2nd quarter. Morgan Stanley now owns 1,860,142 shares of the shipping service provider’s stock worth $554,936,000 after acquiring an additional 281,250 shares during the period. Institutional investors and hedge funds own 79.92% of the company’s stock.
FDX has been the topic of a number of recent analyst reports. Sanford C. Bernstein set a $333.00 price target on shares of FedEx in a report on Friday, March 11th. Wells Fargo & Company cut their price target on shares of FedEx from $314.00 to $277.00 and set an “overweight” rating on the stock in a report on Friday, March 18th. Robert W. Baird reaffirmed an “outperform” rating and set a $300.00 price objective on shares of FedEx in a research report on Monday, March 21st. StockNews.com raised shares of FedEx from a “buy” rating to a “strong-buy” rating in a research report on Friday. Finally, KeyCorp lowered their price objective on shares of FedEx from $325.00 to $300.00 and set an “overweight” rating on the stock in a research report on Monday, March 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $299.55.
NYSE:FDX traded up $9.78 on Tuesday, reaching $219.50. The stock had a trading volume of 86,137 shares, compared to its average volume of 2,154,391. The company has a market capitalization of $56.89 billion, a P/E ratio of 11.01, a price-to-earnings-growth ratio of 0.86 and a beta of 1.32. The stock has a fifty day moving average price of $212.62 and a 200-day moving average price of $231.96. The company has a quick ratio of 1.35, a current ratio of 1.39 and a debt-to-equity ratio of 0.83. FedEx Co. has a 1-year low of $192.82 and a 1-year high of $319.90.
FedEx (NYSE:FDX – Get Rating) last released its quarterly earnings results on Thursday, March 17th. The shipping service provider reported $4.59 EPS for the quarter, missing analysts’ consensus estimates of $4.69 by ($0.10). FedEx had a return on equity of 20.67% and a net margin of 5.60%. The business had revenue of $23.64 billion for the quarter, compared to the consensus estimate of $23.33 billion. During the same quarter last year, the company earned $3.47 earnings per share. The firm’s revenue was up 9.9% on a year-over-year basis. Sell-side analysts predict that FedEx Co. will post 20.56 earnings per share for the current fiscal year.
FedEx Company Profile (Get Rating)
FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. The company's FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; time-critical transportation services; and cross-border e-commerce technology and e-commerce transportation solutions.
- Get a free copy of the StockNews.com research report on FedEx (FDX)
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