Headinvest LLC Acquires 1 Shares of FedEx Corporation (NYSE:FDX)

Headinvest LLC raised its position in shares of FedEx Corporation (NYSE:FDX) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,372 shares of the shipping service provider’s stock after buying an additional 1 shares during the period. Headinvest LLC’s holdings in FedEx Corporation were worth $298,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in FDX. Riggs Asset Managment Co. Inc. increased its position in shares of FedEx Corporation by 163.0% in the second quarter. Riggs Asset Managment Co. Inc. now owns 484 shares of the shipping service provider’s stock worth $105,000 after buying an additional 300 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV increased its position in shares of FedEx Corporation by 26.6% in the second quarter. Hudson Valley Investment Advisors Inc. ADV now owns 10,860 shares of the shipping service provider’s stock worth $2,360,000 after buying an additional 2,283 shares in the last quarter. CWM LLC boosted its stake in FedEx Corporation by 0.5% in the second quarter. CWM LLC now owns 150,839 shares of the shipping service provider’s stock valued at $32,782,000 after buying an additional 741 shares during the last quarter. TNB Financial boosted its stake in FedEx Corporation by 5.7% in the second quarter. TNB Financial now owns 21,056 shares of the shipping service provider’s stock valued at $4,576,000 after buying an additional 1,134 shares during the last quarter. Finally, Mathes Company Inc. boosted its stake in FedEx Corporation by 1.4% in the second quarter. Mathes Company Inc. now owns 16,025 shares of the shipping service provider’s stock valued at $3,483,000 after buying an additional 225 shares during the last quarter. Institutional investors own 76.36% of the company’s stock.

FedEx Corporation (NYSE:FDX) opened at 206.18 on Thursday. The company has a market cap of $55.31 billion, a P/E ratio of 18.63 and a beta of 1.27. FedEx Corporation has a one year low of $158.20 and a one year high of $219.99. The company has a 50 day moving average of $213.26 and a 200-day moving average of $198.44.

FedEx Corporation (NYSE:FDX) last posted its quarterly earnings results on Tuesday, June 20th. The shipping service provider reported $4.25 earnings per share for the quarter, topping analysts’ consensus estimates of $3.88 by $0.37. The firm had revenue of $15.70 billion for the quarter, compared to analyst estimates of $15.56 billion. FedEx Corporation had a net margin of 4.97% and a return on equity of 22.19%. FedEx Corporation’s quarterly revenue was up 21.0% on a year-over-year basis. During the same period in the previous year, the business posted $3.30 earnings per share. On average, equities analysts expect that FedEx Corporation will post $13.58 earnings per share for the current fiscal year.

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Several analysts have weighed in on the company. UBS AG reaffirmed a “buy” rating and set a $235.00 price objective (up from $215.00) on shares of FedEx Corporation in a research report on Wednesday, June 21st. BidaskClub cut FedEx Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Credit Suisse Group reaffirmed a “buy” rating and set a $237.00 price objective on shares of FedEx Corporation in a research report on Monday. Zacks Investment Research cut FedEx Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, June 7th. Finally, ValuEngine raised FedEx Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, June 3rd. Six equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $221.78.

In related news, VP John L. Merino sold 7,200 shares of the business’s stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $211.26, for a total transaction of $1,521,072.00. Following the transaction, the vice president now directly owns 33,908 shares in the company, valued at $7,163,404.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John A. Edwardson sold 2,208 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $208.14, for a total transaction of $459,573.12. Following the transaction, the director now owns 30,608 shares in the company, valued at $6,370,749.12. The disclosure for this sale can be found here. Insiders have sold 77,757 shares of company stock worth $16,447,426 over the last 90 days. 8.67% of the stock is currently owned by company insiders.

FedEx Corporation 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.

Institutional Ownership by Quarter for FedEx Corporation (NYSE:FDX)

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