Tokio Marine Asset Management Co. Ltd. Has $390,000 Holdings in FedEx Co. (FDX)

Tokio Marine Asset Management Co. Ltd. decreased its holdings in shares of FedEx Co. (NYSE:FDX) by 27.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,563 shares of the shipping service provider’s stock after selling 593 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in FedEx were worth $390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the business. Krilogy Financial LLC raised its holdings in FedEx by 0.4% during the 2nd quarter. Krilogy Financial LLC now owns 511 shares of the shipping service provider’s stock valued at $111,000 after acquiring an additional 2 shares during the period. Salem Investment Counselors Inc. raised its holdings in FedEx by 2.8% during the 2nd quarter. Salem Investment Counselors Inc. now owns 479 shares of the shipping service provider’s stock valued at $104,000 after acquiring an additional 13 shares during the period. RNC Capital Management LLC raised its holdings in FedEx by 0.8% during the 2nd quarter. RNC Capital Management LLC now owns 1,996 shares of the shipping service provider’s stock valued at $434,000 after acquiring an additional 15 shares during the period. High Falls Advisors Inc raised its holdings in FedEx by 2.1% during the 2nd quarter. High Falls Advisors Inc now owns 1,124 shares of the shipping service provider’s stock valued at $244,000 after acquiring an additional 23 shares during the period. Finally, Sii Investments Inc. WI raised its holdings in FedEx by 1.3% during the 2nd quarter. Sii Investments Inc. WI now owns 3,402 shares of the shipping service provider’s stock valued at $739,000 after acquiring an additional 45 shares during the period. 76.23% of the stock is currently owned by institutional investors and hedge funds.

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

A number of research firms have recently commented on FDX. Citigroup boosted their price target on shares of FedEx to $275.00 and gave the company a “buy” rating in a research report on Tuesday, December 12th. Barclays restated an “overweight” rating and set a $270.00 price target (up from $230.00) on shares of FedEx in a research report on Thursday, November 30th. They noted that the move was a valuation call. Goldman Sachs Group began coverage on shares of FedEx in a research report on Monday, November 13th. They set a “buy” rating and a $270.00 price target for the company. Stifel Nicolaus boosted their price target on shares of FedEx from $221.00 to $272.00 and gave the company a “hold” rating in a research report on Wednesday, December 20th. Finally, Zacks Investment Research upgraded shares of FedEx from a “sell” rating to a “hold” rating in a research report on Tuesday, December 12th. 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 issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $273.12.

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 stock has a market cap of $64,097.94, a price-to-earnings ratio of 21.69, a P/E/G ratio of 1.40 and a beta of 1.30. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.57 and a quick ratio of 1.50.

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

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FedEx 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.

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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