Achmea Investment Management B.V. acquired a new position in FedEx Corporation (NYSE:FDX) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 8,455 shares of the shipping service provider’s stock, valued at approximately $1,650,000.

A number of other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. raised its stake in FedEx Corporation by 1,912.1% in the first quarter. BlackRock Inc. now owns 14,823,307 shares of the shipping service provider’s stock worth $2,892,768,000 after buying an additional 14,086,601 shares during the period. Vanguard Group Inc. raised its stake in FedEx Corporation by 5.4% in the first quarter. Vanguard Group Inc. now owns 17,997,225 shares of the shipping service provider’s stock worth $3,512,158,000 after buying an additional 918,896 shares during the period. Pioneer Investment Management Inc. raised its stake in FedEx Corporation by 1,611.5% in the first quarter. Pioneer Investment Management Inc. now owns 870,646 shares of the shipping service provider’s stock worth $169,906,000 after buying an additional 819,777 shares during the period. Nordea Investment Management AB raised its stake in FedEx Corporation by 360.6% in the first quarter. Nordea Investment Management AB now owns 935,838 shares of the shipping service provider’s stock worth $182,629,000 after buying an additional 732,644 shares during the period. Finally, Macquarie Group Ltd. raised its stake in FedEx Corporation by 1,881.6% in the first quarter. Macquarie Group Ltd. now owns 695,332 shares of the shipping service provider’s stock worth $135,694,000 after buying an additional 660,242 shares during the period. 76.00% of the stock is currently owned by institutional investors.

FedEx Corporation (NYSE FDX) traded up 1.03% during midday trading on Monday, hitting $206.98. 218,452 shares of the stock traded hands. The stock has a market cap of $55.52 billion, a price-to-earnings ratio of 18.70 and a beta of 1.27. The company has a 50-day moving average price of $212.82 and a 200 day moving average price of $198.62. FedEx Corporation has a one year low of $158.20 and a one year 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 EPS for the quarter, beating the Zacks’ consensus estimate of $3.88 by $0.37. FedEx Corporation had a net margin of 4.97% and a return on equity of 22.19%. The company had revenue of $15.70 billion for the quarter, compared to the consensus estimate of $15.56 billion. During the same period in the prior year, the firm posted $3.30 EPS. The company’s quarterly revenue was up 21.0% compared to the same quarter last year. Equities research analysts anticipate that FedEx Corporation will post $13.58 earnings per share for the current year.

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FDX has been the topic of a number of research reports. Zacks Investment Research raised shares of FedEx Corporation from a “hold” rating to a “buy” rating and set a $215.00 target price on the stock in a research report on Tuesday, May 23rd. Vetr raised shares of FedEx Corporation from a “hold” rating to a “buy” rating and set a $195.86 target price on the stock in a research report on Wednesday, May 17th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $237.00 target price on shares of FedEx Corporation in a research report on Wednesday, June 21st. Credit Suisse Group raised their target price on shares of FedEx Corporation from $225.00 to $237.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 21st. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $240.00 target price on shares of FedEx Corporation in a research report on Wednesday, June 21st. Six investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $221.78.

In other news, CEO David L. Cunningham, Jr. sold 17,565 shares of the company’s stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $211.00, for a total value of $3,706,215.00. Following the completion of the transaction, the chief executive officer now owns 29,148 shares in the company, valued at approximately $6,150,228. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director John A. Edwardson sold 2,208 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $208.14, for a total transaction of $459,573.12. Following the completion of the transaction, the director now owns 30,608 shares of the company’s stock, valued at approximately $6,370,749.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 77,757 shares of company stock valued at $16,447,426. Company insiders own 8.67% of the company’s stock.

FedEx Corporation 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 Corporation (NYSE:FDX)

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