Bedel Financial Consulting Inc. Purchases Shares of 843 FedEx Co. (FDX)

Bedel Financial Consulting Inc. purchased a new stake in FedEx Co. (NYSE:FDX) in the 4th quarter, Holdings Channel reports. The firm purchased 843 shares of the shipping service provider’s stock, valued at approximately $210,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Strategic Advisors LLC lifted its stake in shares of FedEx by 16.7% in the 2nd quarter. Strategic Advisors LLC now owns 2,138 shares of the shipping service provider’s stock valued at $465,000 after purchasing an additional 306 shares in the last quarter. Stevens Capital Management LP lifted its stake in shares of FedEx by 60.6% in the 2nd quarter. Stevens Capital Management LP now owns 39,340 shares of the shipping service provider’s stock valued at $8,550,000 after purchasing an additional 14,845 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of FedEx by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 18,490,065 shares of the shipping service provider’s stock valued at $4,018,446,000 after purchasing an additional 492,840 shares in the last quarter. Prudential PLC lifted its stake in shares of FedEx by 25.8% in the 2nd quarter. Prudential PLC now owns 52,403 shares of the shipping service provider’s stock valued at $11,389,000 after purchasing an additional 10,753 shares in the last quarter. Finally, Sirios Capital Management L P lifted its stake in shares of FedEx by 12.3% in the 3rd quarter. Sirios Capital Management L P now owns 589,149 shares of the shipping service provider’s stock valued at $132,901,000 after purchasing an additional 64,637 shares in the last quarter. Institutional investors own 75.94% of the company’s stock.

FedEx Co. (NYSE:FDX) opened at $239.93 on Tuesday. The company has a market capitalization of $64,270.00, a P/E ratio of 22.05, a P/E/G ratio of 1.37 and a beta of 1.30. The company has a current ratio of 1.57, a quick ratio of 1.50 and a debt-to-equity ratio of 0.89. FedEx Co. has a 52-week low of $182.89 and a 52-week high of $274.66.

FedEx (NYSE:FDX) last released its quarterly earnings results on Tuesday, December 19th. The shipping service provider reported $3.18 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 analyst estimates of $15.67 billion. During the same period in the previous year, the company posted $2.80 EPS. FedEx’s revenue for the quarter was up 9.4% on a year-over-year basis. analysts predict that FedEx Co. will post 13.45 earnings per share for the current fiscal year.

In other FedEx news, EVP Robert B. Carter sold 3,970 shares of FedEx stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $250.73, for a total transaction of $995,398.10. Following the sale, the executive vice president now directly owns 187,025 shares in the company, valued at approximately $46,892,778.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO David J. Bronczek sold 46,555 shares of FedEx stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $255.49, for a total value of $11,894,336.95. Following the sale, the chief operating officer now owns 48,562 shares in the company, valued at $12,407,105.38. The disclosure for this sale can be found here. Insiders have sold a total of 53,541 shares of company stock worth $13,692,142 over the last 90 days. 8.45% of the stock is owned by company insiders.

Several equities analysts have recently weighed in on FDX shares. Zacks Investment Research lowered FedEx from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Sanford C. Bernstein set a $236.00 price objective on FedEx and gave the company a “hold” rating in a research note on Wednesday, December 20th. Loop Capital lifted their price objective on FedEx to $318.00 in a research note on Thursday, January 4th. UBS Group raised FedEx from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $264.00 to $302.00 in a research note on Friday, January 5th. Finally, BMO Capital Markets lifted their price objective on FedEx from $265.00 to $270.00 and gave the company an “outperform” rating in a research note on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. FedEx currently has a consensus rating of “Buy” and an average target price of $272.69.

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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.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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