Burney Co. increased its position in FedEx (NYSE:FDX) by 8.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,867 shares of the shipping service provider’s stock after buying an additional 1,405 shares during the quarter. Burney Co.’s holdings in FedEx were worth $4,530,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Jennison Associates LLC increased its stake in shares of FedEx by 47.4% in the fourth 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 during the period. TIAA CREF Investment Management LLC increased its stake in shares of FedEx by 5.6% in the fourth quarter. TIAA CREF Investment Management LLC now owns 2,395,924 shares of the shipping service provider’s stock worth $597,879,000 after buying an additional 126,993 shares during the period. Geode Capital Management LLC increased its stake in shares of FedEx by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 2,392,806 shares of the shipping service provider’s stock worth $595,716,000 after buying an additional 73,830 shares during the period. Neuberger Berman Group LLC increased its stake in shares of FedEx by 10.2% in the first quarter. Neuberger Berman Group LLC now owns 2,234,433 shares of the shipping service provider’s stock worth $536,510,000 after buying an additional 206,147 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of FedEx by 7.0% in the fourth quarter. Wells Fargo & Company MN now owns 1,427,819 shares of the shipping service provider’s stock worth $356,298,000 after buying an additional 93,956 shares during the period. 75.21% of the stock is currently owned by institutional investors.

Several research analysts recently commented on FDX shares. JPMorgan Chase reaffirmed a “buy” rating and issued a $315.00 target price on shares of FedEx in a research note on Monday, March 19th. Zacks Investment Research raised shares of FedEx from a “hold” rating to a “strong-buy” rating and set a $310.00 target price on the stock in a research note on Thursday, January 18th. Sanford C. Bernstein raised shares of FedEx from a “market perform” rating to an “outperform” rating and set a $290.00 price objective on the stock in a research report on Friday, February 23rd. Robert W. Baird reissued a “buy” rating and set a $270.00 price objective on shares of FedEx in a research report on Monday, February 12th. Finally, KeyCorp boosted their price objective on shares of FedEx from $275.00 to $290.00 and gave the company an “overweight” rating in a research report on Wednesday, March 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $281.60.

In other news, Director Paul S. Walsh sold 4,400 shares of the company’s stock in a transaction dated Wednesday, April 18th. The shares were sold at an average price of $255.00, for a total value of $1,122,000.00. Following the sale, the director now directly owns 14,400 shares of the company’s stock, valued at approximately $3,672,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frederick W. Smith sold 124,000 shares of the company’s stock in a transaction dated Wednesday, April 18th. The stock was sold at an average price of $255.99, for a total transaction of $31,742,760.00. Following the completion of the sale, the chief executive officer now directly owns 14,864,465 shares in the company, valued at $3,805,154,395.35. The disclosure for this sale can be found here. 8.45% of the stock is owned by corporate insiders.

NYSE:FDX opened at $247.12 on Thursday. The stock has a market capitalization of $67.33 billion, a PE ratio of 20.09, a price-to-earnings-growth ratio of 1.30 and a beta of 1.39. The company has a current ratio of 1.43, a quick ratio of 1.37 and a debt-to-equity ratio of 0.85. FedEx has a 1-year low of $246.94 and a 1-year high of $248.54.

FedEx (NYSE:FDX) last released its earnings results on Tuesday, March 20th. The shipping service provider reported $3.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.11 by $0.61. The firm had revenue of $16.53 billion for the quarter, compared to the consensus estimate of $16.17 billion. FedEx had a net margin of 6.99% and a return on equity of 21.65%. The company’s revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.35 EPS. analysts forecast that FedEx will post 15.14 EPS for the current fiscal year.

About FedEx

FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment provides various shipping services for the delivery of packages and freight; international trade services specializing in customs brokerage, and ocean and air freight forwarding services; assistance with the customs-trade partnership against terrorism program; and customs clearance services, as well as an information tool that allows customers to track and manage imports.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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