Bristol John W & Co. Inc. NY Has $76.70 Million Holdings in FedEx Corporation (FDX)

Bristol John W & Co. Inc. NY cut its position in FedEx Corporation (NYSE:FDX) by 10.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 352,920 shares of the shipping service provider’s stock after selling 43,127 shares during the period. FedEx Corporation comprises about 2.3% of Bristol John W & Co. Inc. NY’s portfolio, making the stock its 11th largest position. Bristol John W & Co. Inc. NY owned approximately 0.13% of FedEx Corporation worth $76,700,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FNY Managed Accounts LLC acquired a new stake in FedEx Corporation in the first quarter worth $100,000. Riggs Asset Managment Co. Inc. raised its holdings in 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 purchasing an additional 300 shares during the period. Cribstone Capital Management LLC raised its holdings in FedEx Corporation by 1.2% in the second quarter. Cribstone Capital Management LLC now owns 489 shares of the shipping service provider’s stock worth $107,000 after purchasing an additional 6 shares during the period. Alexandria Capital LLC raised its holdings in FedEx Corporation by 2.5% in the second quarter. Alexandria Capital LLC now owns 540 shares of the shipping service provider’s stock worth $117,000 after purchasing an additional 13 shares during the period. Finally, Hefty Wealth Partners raised its holdings in FedEx Corporation by 26.0% in the second quarter. Hefty Wealth Partners now owns 630 shares of the shipping service provider’s stock worth $136,000 after purchasing an additional 130 shares during the period. Institutional investors own 76.16% of the company’s stock.

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FedEx Corporation (NYSE:FDX) last posted its quarterly earnings results on Tuesday, September 19th. The shipping service provider reported $2.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.17 by ($0.66). The company had revenue of $15.30 billion for the quarter, compared to the consensus estimate of $15.35 billion. FedEx Corporation had a net margin of 4.72% and a return on equity of 20.69%. FedEx Corporation’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.90 EPS.

In related news, Director Kim Jabal sold 3,980 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $225.55, for a total transaction of $897,689.00. Following the completion of the transaction, the director now owns 6,080 shares in the company, valued at $1,371,344. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Michael L. Ducker sold 14,964 shares of the stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $225.85, for a total transaction of $3,379,619.40. Following the transaction, the chief executive officer now owns 53,397 shares of the company’s stock, valued at approximately $12,059,712.45. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,094 shares of company stock valued at $9,024,637. 8.45% of the stock is owned by company insiders.

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company increased their price objective on shares of FedEx Corporation from $235.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, September 21st. Credit Suisse Group reissued an “outperform” rating and set a $233.00 price objective (down previously from $242.00) on shares of FedEx Corporation in a research report on Friday, September 15th. Bank of America Corporation reissued a “buy” rating and set a $247.00 price objective (up previously from $240.00) on shares of FedEx Corporation in a research report on Friday, October 6th. Cowen and Company reissued a “buy” rating and set a $240.00 price objective on shares of FedEx Corporation in a research report on Tuesday, July 11th. Finally, Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $229.00 price objective on shares of FedEx Corporation in a research report on Wednesday, September 20th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $228.56.

FedEx Corporation 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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