American Trust Investment Advisors LLC purchased a new stake in FedEx Co. (NYSE:FDX) in the 4th quarter, HoldingsChannel reports. The fund purchased 15,630 shares of the shipping service provider’s stock, valued at approximately $3,900,000. FedEx comprises approximately 3.1% of American Trust Investment Advisors LLC’s holdings, making the stock its 8th largest position.

Several other large investors have also recently modified their holdings of the stock. Davis Selected Advisers lifted its position in FedEx by 265.4% in the 2nd quarter. Davis Selected Advisers now owns 1,684,618 shares of the shipping service provider’s stock worth $366,118,000 after buying an additional 1,223,646 shares in the last quarter. Jennison Associates LLC lifted its position in FedEx by 47.4% in the 4th quarter. Jennison Associates LLC now owns 3,687,689 shares of the shipping service provider’s stock worth $920,226,000 after buying an additional 1,185,447 shares in the last quarter. Janus Henderson Group PLC lifted its position in FedEx by 381.6% in the 2nd quarter. Janus Henderson Group PLC now owns 883,117 shares of the shipping service provider’s stock worth $191,934,000 after buying an additional 699,728 shares in the last quarter. Jackson Square Partners LLC lifted its position in FedEx by 28.7% in the 2nd quarter. Jackson Square Partners LLC now owns 2,905,839 shares of the shipping service provider’s stock worth $631,525,000 after buying an additional 647,401 shares in the last quarter. Finally, Winslow Capital Management LLC purchased a new stake in FedEx in the 2nd quarter worth approximately $138,993,000. Institutional investors and hedge funds own 76.23% of the company’s stock.

In related news, COO David J. Bronczek sold 46,555 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $255.49, for a total value of $11,894,336.95. Following the transaction, the chief operating officer now directly owns 48,562 shares in the company, valued at approximately $12,407,105.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David P. Steiner sold 3,016 shares of the firm’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $266.05, for a total transaction of $802,406.80. Following the completion of the transaction, the director now owns 16,040 shares in the company, valued at $4,267,442. 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 in the last 90 days. 8.45% of the stock is owned by insiders.

FedEx Co. (NYSE:FDX) opened at $251.15 on Thursday. The firm has a market cap of $67,280.00, a price-to-earnings ratio of 23.08, a PEG ratio of 1.46 and a beta of 1.30. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.50 and a current ratio of 1.57. FedEx Co. has a twelve month low of $182.89 and a twelve month high of $274.66.

FedEx (NYSE:FDX) last released its quarterly earnings results on Tuesday, December 19th. The shipping service provider reported $3.18 earnings per share for the quarter, beating analysts’ consensus estimates of $2.89 by $0.29. The business had revenue of $16.30 billion for 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%. FedEx’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.80 EPS. sell-side analysts forecast that FedEx Co. will post 13.38 earnings per share for the current fiscal year.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of FedEx from a “hold” rating to a “strong-buy” rating and set a $310.00 target price for the company in a research report on Thursday, January 18th. Bank of America reiterated a “buy” rating and issued a $315.00 target price on shares of FedEx in a research report on Friday, January 12th. Robert W. Baird reiterated a “buy” rating and issued a $280.00 target price on shares of FedEx in a research report on Tuesday, January 9th. BMO Capital Markets reiterated a “buy” rating and issued a $300.00 target price on shares of FedEx in a research report on Monday, January 8th. Finally, UBS Group upgraded shares of FedEx from a “neutral” rating to a “buy” rating and increased their target price for the stock from $264.00 to $302.00 in a research report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $273.12.

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FedEx Company 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.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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