Edmond DE Rothschild Holding S.A. raised its position in shares of FedEx Corporation (NYSE:FDX) by 37.9% during the first quarter, Holdings Channel reports. The fund owned 10,254 shares of the shipping service provider’s stock after buying an additional 2,820 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in FedEx Corporation were worth $2,001,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in FDX. BlackRock Inc. increased 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 last quarter. Vanguard Group Inc. increased 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 last quarter. Pioneer Investment Management Inc. increased 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 last quarter. Nordea Investment Management AB increased 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 last quarter. Finally, TIAA CREF Investment Management LLC increased its stake in FedEx Corporation by 28.8% in the first quarter. TIAA CREF Investment Management LLC now owns 1,396,492 shares of the shipping service provider’s stock worth $272,525,000 after buying an additional 312,272 shares during the last quarter. 76.36% of the stock is currently owned by institutional investors.

FedEx Corporation (NYSE FDX) traded up 1.01% during mid-day trading on Friday, reaching $205.61. 159,665 shares of the company were exchanged. FedEx Corporation has a 1-year low of $158.20 and a 1-year high of $219.99. The stock has a market capitalization of $55.16 billion, a price-to-earnings ratio of 18.57 and a beta of 1.27. The stock’s 50-day moving average price is $213.01 and its 200-day moving average price is $198.48.

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. FedEx Corporation had a return on equity of 22.19% and a net margin of 4.97%. The business had revenue of $15.70 billion during the quarter, compared to analysts’ expectations of $15.56 billion. During the same quarter in the prior year, the business earned $3.30 earnings per share. The company’s quarterly revenue was up 21.0% compared to the same quarter last year. On average, equities research analysts anticipate that FedEx Corporation will post $13.58 EPS for the current fiscal year.

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FDX has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of FedEx Corporation from a “hold” rating to a “buy” rating and set a $215.00 price objective on the stock in a research report on Tuesday, May 23rd. Vetr upgraded shares of FedEx Corporation from a “hold” rating to a “buy” rating and set a $195.86 price objective on the stock in a research report on Wednesday, May 17th. J P Morgan Chase & Co reiterated an “overweight” rating and set a $237.00 price objective on shares of FedEx Corporation in a research report on Wednesday, June 21st. Credit Suisse Group boosted their price objective on shares of FedEx Corporation from $225.00 to $237.00 and gave the company an “outperform” rating in a research report on Wednesday, June 21st. Finally, Cowen and Company reiterated an “outperform” rating and set a $240.00 price objective 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 given a buy rating to the company’s stock. FedEx Corporation currently has an average rating of “Buy” and an average price target of $221.78.

In related news, VP John L. Merino sold 7,200 shares of the company’s stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $211.26, for a total transaction of $1,521,072.00. Following the transaction, the vice president now owns 33,908 shares of the company’s stock, valued at $7,163,404.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David L. Cunningham, Jr. sold 17,565 shares of the company’s stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $211.00, for a total value of $3,706,215.00. Following the transaction, the chief executive officer now directly owns 29,148 shares in the company, valued at approximately $6,150,228. The disclosure for this sale can be found here. Insiders have sold 77,757 shares of company stock worth $16,447,426 in the last ninety days. 8.67% of the stock is currently owned by corporate insiders.

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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