1,167 Shares in FedEx Co. (FDX) Purchased by LLBH Private Wealth Management LLC

LLBH Private Wealth Management LLC acquired a new position in shares of FedEx Co. (NYSE:FDX) in the first quarter, Holdings Channel reports. The institutional investor acquired 1,167 shares of the shipping service provider’s stock, valued at approximately $212,000.

Several other large investors have also recently modified their holdings of FDX. Oregon Public Employees Retirement Fund boosted its holdings in shares of FedEx by 15,104.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 14,063,136 shares of the shipping service provider’s stock worth $87,000 after acquiring an additional 13,970,642 shares during the period. Norges Bank bought a new stake in shares of FedEx during the fourth quarter worth approximately $303,958,000. LSV Asset Management boosted its holdings in shares of FedEx by 39.7% during the first quarter. LSV Asset Management now owns 1,986,887 shares of the shipping service provider’s stock worth $360,441,000 after acquiring an additional 564,452 shares during the period. Lakewood Capital Management LP boosted its holdings in shares of FedEx by 102.8% during the fourth quarter. Lakewood Capital Management LP now owns 943,200 shares of the shipping service provider’s stock worth $152,166,000 after acquiring an additional 478,000 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of FedEx by 21.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,374,522 shares of the shipping service provider’s stock worth $383,063,000 after acquiring an additional 418,451 shares during the period. Institutional investors own 70.48% of the company’s stock.

Shares of FDX stock opened at $159.93 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.46 and a quick ratio of 1.40. The company has a market capitalization of $41.67 billion, a P/E ratio of 10.45, a P/E/G ratio of 0.85 and a beta of 1.62. FedEx Co. has a 1 year low of $150.94 and a 1 year high of $266.67.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Tuesday, March 19th. The shipping service provider reported $3.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.10 by ($0.07). FedEx had a net margin of 5.25% and a return on equity of 22.67%. The company had revenue of $17.01 billion during the quarter, compared to the consensus estimate of $17.70 billion. During the same quarter last year, the firm posted $3.72 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. As a group, analysts predict that FedEx Co. will post 15.44 earnings per share for the current year.

In other FedEx news, Director Susan C. Schwab sold 3,000 shares of the company’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $175.11, for a total transaction of $525,330.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Frederick W. Smith sold 155,650 shares of the company’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $189.83, for a total value of $29,547,039.50. Following the sale, the chief executive officer now owns 14,945,124 shares of the company’s stock, valued at $2,837,032,888.92. The disclosure for this sale can be found here. Insiders have sold 185,650 shares of company stock valued at $34,751,470 over the last 90 days. Corporate insiders own 8.50% of the company’s stock.

A number of equities research analysts have recently issued reports on FDX shares. Cowen restated an “outperform” rating and set a $237.00 price objective (down previously from $242.00) on shares of FedEx in a report on Thursday, March 14th. Raymond James reduced their price objective on FedEx from $235.00 to $230.00 and set an “outperform” rating for the company in a report on Monday, March 18th. Zacks Investment Research cut FedEx from a “hold” rating to a “sell” rating in a report on Tuesday, March 19th. Barclays cut their price target on FedEx from $235.00 to $215.00 and set an “overweight” rating for the company in a research note on Wednesday, March 20th. Finally, KeyCorp cut their price target on FedEx from $240.00 to $215.00 and set an “overweight” rating for the company in a research note on Wednesday, March 20th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. FedEx presently has a consensus rating of “Buy” and an average price target of $212.33.

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FedEx Profile

FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services; and consolidates and delivers low-weight and less time-sensitive business-to-consumer packages.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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