Colony Group LLC Purchases Shares of 2,496 FedEx Corporation (FDX)
Colony Group LLC purchased a new stake in FedEx Corporation (NYSE:FDX) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,496 shares of the shipping service provider’s stock, valued at approximately $542,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Donaldson Capital Management LLC grew its position in FedEx Corporation by 7.6% during the first quarter. Donaldson Capital Management LLC now owns 8,553 shares of the shipping service provider’s stock worth $1,669,000 after buying an additional 601 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its position in FedEx Corporation by 64.2% during the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 3,147 shares of the shipping service provider’s stock worth $614,000 after buying an additional 1,230 shares in the last quarter. Stifel Financial Corp grew its position in FedEx Corporation by 9.8% during the first quarter. Stifel Financial Corp now owns 227,147 shares of the shipping service provider’s stock worth $44,393,000 after buying an additional 20,340 shares in the last quarter. SG Americas Securities LLC grew its position in FedEx Corporation by 115.3% during the first quarter. SG Americas Securities LLC now owns 14,877 shares of the shipping service provider’s stock worth $2,903,000 after buying an additional 112,355 shares in the last quarter. Finally, Parkside Investments LLC purchased a new position in FedEx Corporation during the first quarter worth about $4,233,000. Institutional investors own 76.22% of the company’s stock.
In other FedEx Corporation news, CEO Michael L. Ducker sold 14,964 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $225.85, for a total transaction of $3,379,619.40. Following the transaction, the chief executive officer now owns 53,397 shares in the company, valued at approximately $12,059,712.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Henry J. Maier sold 11,150 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $228.46, for a total value of $2,547,329.00. Following the transaction, the insider now owns 36,747 shares in the company, valued at approximately $8,395,219.62. The disclosure for this sale can be found here. Insiders have sold a total of 40,094 shares of company stock worth $9,024,637 in the last quarter. Company insiders own 8.45% of the company’s stock.
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FedEx Corporation (NYSE:FDX) opened at $218.15 on Monday. FedEx Corporation has a twelve month low of $182.11 and a twelve month high of $231.35. The company has a current ratio of 1.63, a quick ratio of 1.57 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $58,496.42, a P/E ratio of 18.32, a price-to-earnings-growth ratio of 1.37 and a beta of 1.37.
FedEx Corporation (NYSE:FDX) last posted its earnings results on Tuesday, September 19th. The shipping service provider reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates of $3.17 by ($0.66). FedEx Corporation had a return on equity of 20.69% and a net margin of 4.72%. The firm had revenue of $15.30 billion for the quarter, compared to analysts’ expectations of $15.35 billion. During the same quarter last year, the company posted $2.90 EPS. The firm’s revenue was up 4.1% on a year-over-year basis. sell-side analysts expect that FedEx Corporation will post 12.47 earnings per share for the current fiscal year.
A number of research firms have recently issued reports on FDX. Goldman Sachs Group, Inc. (The) began coverage on FedEx Corporation in a report on Monday. They issued a “buy” rating for the company. Cowen and Company reiterated a “buy” rating and issued a $240.00 price objective on shares of FedEx Corporation in a report on Thursday, August 10th. Zacks Investment Research upgraded FedEx Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $229.00 price objective on shares of FedEx Corporation in a report on Wednesday, September 20th. Finally, BidaskClub cut FedEx Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-three have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $228.56.
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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