Farmers & Merchants Investments Inc. held its stake in shares of FedEx Corporation (NYSE:FDX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,500 shares of the shipping service provider’s stock at the end of the second quarter. Farmers & Merchants Investments Inc.’s holdings in FedEx Corporation were worth $4,673,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Cribstone Capital Management LLC boosted its stake in FedEx Corporation by 1.2% in the second quarter. Cribstone Capital Management LLC now owns 489 shares of the shipping service provider’s stock worth $107,000 after buying an additional 6 shares in the last quarter. Cornerstone Financial Partners LLC boosted its stake in FedEx Corporation by 0.3% in the first quarter. Cornerstone Financial Partners LLC now owns 2,118 shares of the shipping service provider’s stock worth $413,000 after buying an additional 7 shares in the last quarter. Beese Fulmer Investment Management Inc. boosted its stake in FedEx Corporation by 0.6% in the first quarter. Beese Fulmer Investment Management Inc. now owns 1,327 shares of the shipping service provider’s stock worth $259,000 after buying an additional 8 shares in the last quarter. Guardian Life Insurance Co. of America boosted its stake in 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 worth $184,000 after buying an additional 9 shares in the last quarter. Finally, Adirondack Trust Co. boosted its stake in FedEx Corporation by 1.5% in the first quarter. Adirondack Trust Co. now owns 662 shares of the shipping service provider’s stock worth $129,000 after buying an additional 10 shares in the last quarter. 76.36% of the stock is currently owned by institutional investors.

FedEx Corporation (NYSE:FDX) traded down 0.78% on Thursday, hitting $204.57. The stock had a trading volume of 419,055 shares. The company has a market cap of $54.88 billion, a price-to-earnings ratio of 18.48 and a beta of 1.27. FedEx Corporation has a 52-week low of $158.20 and a 52-week high of $219.99. The company has a 50 day moving average price of $213.26 and a 200-day moving average price of $198.44.

FedEx Corporation (NYSE:FDX) last posted its quarterly earnings results on Tuesday, June 20th. The shipping service provider reported $4.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.88 by $0.37. The business had revenue of $15.70 billion for the quarter, compared to the consensus estimate of $15.56 billion. FedEx Corporation had a return on equity of 22.19% and a net margin of 4.97%. The company’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.30 EPS. On average, equities research analysts predict 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 research reports. Vetr raised FedEx Corporation from a “buy” rating to a “strong-buy” rating and set a $208.76 target price on the stock in a research note on Wednesday, April 12th. Stifel Nicolaus increased their target price on FedEx Corporation from $194.00 to $216.00 and gave the stock a “hold” rating in a research note on Monday, June 12th. Oppenheimer Holdings, Inc. increased their target price on FedEx Corporation from $218.00 to $229.00 and gave the stock an “outperform” rating in a research note on Thursday, June 15th. Zacks Investment Research cut FedEx Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 7th. Finally, Deutsche Bank AG set a $235.00 target price on FedEx Corporation and gave the stock a “buy” rating in a research note on Wednesday, June 21st. Six research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $221.78.

In other news, insider Henry J. Maier sold 12,580 shares of the business’s 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO David L. Cunningham, Jr. sold 17,565 shares of the business’s stock in a transaction dated 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 directly owns 29,148 shares of the company’s stock, valued at approximately $6,150,228. The disclosure for this sale can be found here. In the last three months, insiders sold 77,757 shares of company stock valued at $16,447,426. 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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