Bank of The West Has $2.18 Million Stake in FedEx Co. (FDX)

Bank of The West grew its stake in FedEx Co. (NYSE:FDX) by 13.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 8,743 shares of the shipping service provider’s stock after acquiring an additional 1,026 shares during the quarter. Bank of The West’s holdings in FedEx were worth $2,182,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in FDX. Beach Investment Management LLC. bought a new stake in shares of FedEx in the 2nd quarter valued at approximately $11,976,000. Commerzbank Aktiengesellschaft FI grew its position in FedEx by 19.2% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 61,055 shares of the shipping service provider’s stock worth $13,269,000 after acquiring an additional 9,834 shares during the last quarter. State of Tennessee Treasury Department grew its position in FedEx by 19.5% during the 2nd quarter. State of Tennessee Treasury Department now owns 244,708 shares of the shipping service provider’s stock worth $53,183,000 after acquiring an additional 39,891 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in FedEx by 0.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,275 shares of the shipping service provider’s stock worth $3,972,000 after acquiring an additional 87 shares during the last quarter. Finally, Synovus Financial Corp grew its position in FedEx by 76.5% during the 2nd quarter. Synovus Financial Corp now owns 4,343 shares of the shipping service provider’s stock worth $938,000 after acquiring an additional 1,882 shares during the last quarter. Institutional investors own 76.23% of the company’s stock.

FedEx Co. (NYSE FDX) opened at $235.32 on Friday. FedEx Co. has a 1-year low of $182.89 and a 1-year high of $274.66. The company has a current ratio of 1.57, a quick ratio of 1.50 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $63,040.00, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 1.47 and a beta of 1.30.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Tuesday, December 19th. The shipping service provider reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.89 by $0.29. FedEx had a return on equity of 20.56% and a net margin of 4.74%. The firm had revenue of $16.30 billion for the quarter, compared to the consensus estimate of $15.67 billion. During the same quarter in the prior year, the business earned $2.80 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. equities analysts expect that FedEx Co. will post 13.38 earnings per share for the current year.

A number of research firms recently commented on FDX. Cowen restated an “outperform” rating and set a $240.00 price target on shares of FedEx in a research report on Friday, October 13th. Oppenheimer restated a “buy” rating and set a $265.00 price target (up from $236.00) on shares of FedEx in a research report on Wednesday, December 20th. Zacks Investment Research upgraded FedEx from a “sell” rating to a “hold” rating in a research report on Tuesday, December 12th. BMO Capital Markets restated a “buy” rating and set a $300.00 price target on shares of FedEx in a research report on Monday, January 8th. Finally, Sanford C. Bernstein set a $212.00 price target on FedEx and gave the stock a “hold” rating in a research report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $273.12.

In other news, EVP Robert B. Carter sold 3,970 shares of the stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $250.73, for a total value of $995,398.10. Following the transaction, the executive vice president now owns 187,025 shares of the company’s stock, valued at approximately $46,892,778.25. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO David J. Bronczek sold 46,555 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $255.49, for a total value of $11,894,336.95. Following the completion of the transaction, the chief operating officer now directly owns 48,562 shares in the company, valued at approximately $12,407,105.38. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 53,541 shares of company stock worth $13,692,142. Company insiders own 8.45% of the company’s stock.

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About FedEx

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.

Want to see what other hedge funds are holding FDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FedEx Co. (NYSE:FDX).

Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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