Sei Investments Co. Sells 54,001 Shares of FedEx Co. (FDX)

Sei Investments Co. lowered its position in FedEx Co. (NYSE:FDX) by 20.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 206,831 shares of the shipping service provider’s stock after selling 54,001 shares during the quarter. Sei Investments Co.’s holdings in FedEx were worth $46,964,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Roof Eidam & Maycock ADV raised its holdings in FedEx by 4.4% during the first quarter. Roof Eidam & Maycock ADV now owns 4,981 shares of the shipping service provider’s stock worth $1,196,000 after purchasing an additional 210 shares in the last quarter. D.B. Root & Company LLC raised its holdings in FedEx by 7.6% during the second quarter. D.B. Root & Company LLC now owns 2,964 shares of the shipping service provider’s stock worth $673,000 after purchasing an additional 210 shares in the last quarter. SevenBridge Financial Group LLC raised its holdings in FedEx by 4.9% during the first quarter. SevenBridge Financial Group LLC now owns 4,527 shares of the shipping service provider’s stock worth $1,087,000 after purchasing an additional 213 shares in the last quarter. NBT Bank N A NY raised its holdings in FedEx by 15.1% during the first quarter. NBT Bank N A NY now owns 1,636 shares of the shipping service provider’s stock worth $393,000 after purchasing an additional 215 shares in the last quarter. Finally, Elite Wealth Management Inc. raised its holdings in FedEx by 8.1% during the first quarter. Elite Wealth Management Inc. now owns 2,975 shares of the shipping service provider’s stock worth $714,000 after purchasing an additional 223 shares in the last quarter. Institutional investors own 74.66% of the company’s stock.

A number of analysts have weighed in on the stock. UBS Group cut shares of FedEx from a “buy” rating to a “neutral” rating and set a $256.00 price objective on the stock. in a report on Monday, July 16th. Loop Capital cut their price objective on shares of FedEx to $310.00 and set a “buy” rating on the stock in a report on Thursday, June 21st. Zacks Investment Research cut shares of FedEx from a “buy” rating to a “hold” rating in a report on Thursday, June 21st. Morgan Stanley cut their price objective on shares of FedEx from $248.00 to $245.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 20th. Finally, Credit Suisse Group raised their price objective on shares of FedEx from $306.00 to $315.00 and gave the stock an “outperform” rating in a report on Wednesday, June 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eighteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $283.75.

Shares of FedEx stock opened at $241.76 on Friday. The firm has a market capitalization of $64.73 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 1.11 and a beta of 1.43. FedEx Co. has a 12 month low of $203.13 and a 12 month high of $274.66. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.33 and a current ratio of 1.39.

FedEx (NYSE:FDX) last announced its earnings results on Tuesday, June 19th. The shipping service provider reported $5.91 EPS for the quarter, beating analysts’ consensus estimates of $5.72 by $0.19. The business had revenue of $17.31 billion for the quarter, compared to analysts’ expectations of $17.24 billion. FedEx had a net margin of 6.99% and a return on equity of 23.17%. The company’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the company posted $4.25 EPS. equities research analysts expect that FedEx Co. will post 17.31 EPS for the current fiscal year.

FedEx Profile

FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment provides various shipping services for the delivery of packages and freight; international trade services specializing in customs brokerage, and ocean and air freight forwarding services; assistance with the customs-trade partnership against terrorism program; and customs clearance services, as well as an information tool that allows customers to track and manage imports.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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