Brown Advisory Securities LLC bought a new stake in shares of FedEx Corporation (NYSE:FDX) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,373 shares of the shipping service provider’s stock, valued at approximately $268,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in FDX. Alexandria Capital LLC boosted its position in shares of FedEx Corporation by 2.1% in the first quarter. Alexandria Capital LLC now owns 527 shares of the shipping service provider’s stock valued at $103,000 after buying an additional 11 shares during the last quarter. Pinnacle Bank bought a new position in shares of FedEx Corporation during the first quarter valued at about $122,000. Adirondack Trust Co. boosted its position in shares of FedEx Corporation by 1.5% in the first quarter. Adirondack Trust Co. now owns 662 shares of the shipping service provider’s stock valued at $129,000 after buying an additional 10 shares during the last quarter. Brick & Kyle Associates boosted its position in shares of FedEx Corporation by 1.5% in the first quarter. Brick & Kyle Associates now owns 674 shares of the shipping service provider’s stock valued at $132,000 after buying an additional 10 shares during the last quarter. Finally, Guardian Life Insurance Co. of America boosted its position in shares of FedEx Corporation by 1.0% in the first quarter. Guardian Life Insurance Co. of America now owns 943 shares of the shipping service provider’s stock valued at $184,000 after buying an additional 9 shares during the last quarter. 76.36% of the stock is currently owned by institutional investors.

Shares of FedEx Corporation (FDX) traded up 0.65% during midday trading on Friday, reaching $204.87. The company had a trading volume of 1,136,569 shares. FedEx Corporation has a 52 week low of $158.20 and a 52 week high of $219.99. The stock has a 50-day moving average of $212.82 and a 200 day moving average of $198.62. The firm has a market capitalization of $54.96 billion, a price-to-earnings ratio of 18.51 and a beta of 1.27.

FedEx Corporation (NYSE:FDX) last released its quarterly earnings results on Tuesday, June 20th. The shipping service provider reported $4.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.88 by $0.37. The company had revenue of $15.70 billion during the quarter, compared to analyst estimates of $15.56 billion. FedEx Corporation had a return on equity of 22.19% and a net margin of 4.97%. The firm’s revenue was up 21.0% on a year-over-year basis. During the same quarter last year, the business posted $3.30 earnings per share. On average, 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 recent analyst reports. Bank of America Corporation reiterated a “buy” rating and set a $240.00 price target (up from $230.00) on shares of FedEx Corporation in a report on Wednesday, June 21st. Cowen and Company reiterated an “outperform” rating and set a $240.00 price target on shares of FedEx Corporation in a report on Wednesday, June 21st. Zacks Investment Research upgraded FedEx Corporation from a “hold” rating to a “buy” rating and set a $222.00 price target on the stock in a report on Friday, June 2nd. Loop Capital reiterated a “buy” rating and set a $234.00 price target on shares of FedEx Corporation in a report on Tuesday, July 4th. Finally, UBS AG restated a “buy” rating and issued a $235.00 target price (up from $215.00) on shares of FedEx Corporation in a research note on Wednesday, June 21st. Six equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. FedEx Corporation presently has a consensus rating of “Buy” and an average target price of $221.78.

In related news, Director John A. Edwardson sold 2,208 shares of FedEx Corporation stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $208.14, for a total value of $459,573.12. Following the completion of the transaction, the director now owns 30,608 shares in the company, valued at $6,370,749.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Henry J. Maier sold 12,580 shares of FedEx Corporation stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $209.50, for a total value of $2,635,510.00. Following the completion of the transaction, the insider now owns 38,177 shares of the company’s stock, valued at approximately $7,998,081.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 77,757 shares of company stock valued at $16,447,426. 8.67% of the stock is currently owned by company insiders.

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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