Harbor Advisors LLC acquired a new position in shares of FedEx Corporation (NYSE:FDX) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,071 shares of the shipping service provider’s stock, valued at approximately $209,000.

Other hedge funds have also recently bought and sold shares of the company. Macquarie Group Ltd. raised its stake in FedEx Corporation by 3.2% in the fourth quarter. Macquarie Group Ltd. now owns 35,090 shares of the shipping service provider’s stock worth $6,534,000 after buying an additional 1,090 shares in the last quarter. Univest Corp of Pennsylvania raised its stake in FedEx Corporation by 6.4% in the first quarter. Univest Corp of Pennsylvania now owns 17,714 shares of the shipping service provider’s stock worth $3,457,000 after buying an additional 1,070 shares in the last quarter. Pennsylvania Trust Co raised its stake in FedEx Corporation by 2.6% in the first quarter. Pennsylvania Trust Co now owns 5,960 shares of the shipping service provider’s stock worth $1,163,000 after buying an additional 150 shares in the last quarter. Murphy Capital Management Inc. raised its stake in FedEx Corporation by 23.3% in the first quarter. Murphy Capital Management Inc. now owns 17,038 shares of the shipping service provider’s stock worth $3,325,000 after buying an additional 3,225 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in FedEx Corporation by 16.0% in the first quarter. Bank of Montreal Can now owns 1,006,806 shares of the shipping service provider’s stock worth $196,478,000 after buying an additional 138,799 shares in the last quarter. 76.36% of the stock is owned by institutional investors.

Shares of FedEx Corporation (NYSE:FDX) traded up 0.94% during trading on Friday, reaching $205.46. The company’s stock had a trading volume of 304,300 shares. The stock’s 50 day moving average price is $213.01 and its 200 day moving average price is $198.48. The company has a market cap of $55.12 billion, a PE ratio of 18.56 and a beta of 1.27. FedEx Corporation has a 52 week low of $158.20 and a 52 week high of $219.99.

FedEx Corporation (NYSE:FDX) last announced its quarterly earnings data on Tuesday, June 20th. The shipping service provider reported $4.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.88 by $0.37. FedEx Corporation had a return on equity of 22.19% and a net margin of 4.97%. The company had revenue of $15.70 billion for the quarter, compared to analysts’ expectations of $15.56 billion. During the same quarter in the prior year, the business posted $3.30 EPS. The business’s revenue was up 21.0% compared to the same quarter last year. Equities research analysts predict that FedEx Corporation will post $13.58 EPS for the current year.

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FDX has been the subject of a number of analyst reports. Vetr lowered shares of FedEx Corporation from a “strong-buy” rating to a “buy” rating and set a $203.90 price objective for the company. in a research note on Wednesday, April 19th. Zacks Investment Research raised shares of FedEx Corporation from a “hold” rating to a “buy” rating and set a $215.00 price objective for the company in a research note on Tuesday, May 23rd. ValuEngine raised shares of FedEx Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, June 3rd. Seaport Global Securities initiated coverage on shares of FedEx Corporation in a research note on Tuesday, June 6th. They set a “neutral” rating for the company. Finally, Stifel Nicolaus upped their price objective on shares of FedEx Corporation from $194.00 to $216.00 and gave the company a “hold” rating in a research note on Monday, June 12th. Six research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $221.78.

In other news, EVP Robert B. Carter sold 24,522 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $210.96, for a total transaction of $5,173,161.12. Following the sale, the executive vice president now owns 68,556 shares in the company, valued at approximately $14,462,573.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kim Jabal sold 609 shares of the company’s stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $216.13, for a total value of $131,623.17. Following the sale, the director now owns 2,100 shares in the company, valued at approximately $453,873. The disclosure for this sale can be found here. In the last quarter, insiders have sold 77,757 shares of company stock worth $16,447,426. Company insiders own 8.67% of the company’s stock.

About FedEx Corporation

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 Corporation (NYSE:FDX)

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