FedEx Corporation $FDX Shares Sold by LSV Asset Management

LSV Asset Management trimmed its holdings in shares of FedEx Corporation (NYSE:FDX) by 1.5% during the fourth quarter, Holdings Channel reports. The firm owned 1,132,985 shares of the shipping service provider’s stock after selling 17,431 shares during the quarter. LSV Asset Management’s holdings in FedEx were worth $327,274,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ulland Investment Advisors LLC acquired a new stake in shares of FedEx during the fourth quarter worth $29,000. Tucker Asset Management LLC acquired a new stake in shares of FedEx during the fourth quarter worth $29,000. ORG Partners LLC raised its holdings in shares of FedEx by 50.0% during the fourth quarter. ORG Partners LLC now owns 105 shares of the shipping service provider’s stock worth $30,000 after purchasing an additional 35 shares during the period. Camelot Portfolios LLC acquired a new stake in shares of FedEx during the fourth quarter worth $31,000. Finally, Grey Fox Wealth Advisors LLC acquired a new stake in shares of FedEx during the third quarter worth $27,000. 84.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity at FedEx

In related news, EVP Tracy B. Brightman sold 16,959 shares of the stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $363.47, for a total value of $6,164,087.73. Following the completion of the transaction, the executive vice president owned 11,052 shares in the company, valued at $4,017,070.44. This represents a 60.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Susan C. Schwab sold 5,795 shares of the stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $369.00, for a total transaction of $2,138,355.00. Following the completion of the transaction, the director owned 10,038 shares of the company’s stock, valued at $3,704,022. This represents a 36.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 48,104 shares of company stock worth $17,599,006. 0.53% of the stock is currently owned by corporate insiders.

FedEx Stock Performance

Shares of FDX opened at $394.18 on Friday. The firm has a 50-day moving average price of $371.05 and a 200 day moving average price of $332.81. The firm has a market capitalization of $94.05 billion, a PE ratio of 20.98, a P/E/G ratio of 1.47 and a beta of 1.29. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.77. FedEx Corporation has a 52-week low of $214.35 and a 52-week high of $404.03.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.12 by $1.13. The firm had revenue of $24 billion during the quarter, compared to analyst estimates of $23.44 billion. FedEx had a net margin of 4.88% and a return on equity of 16.76%. FedEx’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.51 EPS. On average, sell-side analysts anticipate that FedEx Corporation will post 19.72 earnings per share for the current fiscal year.

Key Stories Impacting FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Barclays reaffirmed its Buy rating on FedEx, and Citi also initiated/maintained a bullish stance with a $443 price target, reinforcing expectations for further upside. FedEx Barclays reiterates its buy rating
• Positive Sentiment: UBS said FedEx has potential upside from margin improvement, suggesting profitability trends could support a higher valuation. FedEx Facing Potential Upside Backed by Margin Improvement, UBS Securities Says
• Positive Sentiment: FedEx-led consortium’s $9 billion bid for InPost is moving forward, with the tender offer window opening May 26, signaling continued strategic expansion in European parcel logistics. FedEx-Led $9 Billion Buyout Offer Window For Polish Parcel Firm InPost Opens May-End
• Positive Sentiment: FedEx is also among large U.S. companies seeking tariff refunds, which could provide a modest cash-flow benefit if successful. Trump said he’d ‘remember’ companies that didn’t apply for tariff refunds. Many of them are anyway
• Neutral Sentiment: Analyst and value-stock commentary continues to frame FedEx as a long-term market favorite, but these articles are mostly supportive rather than catalysts on their own. What Are Wall Street Analysts’ Target Price for FedEx Stock?

Analyst Ratings Changes

A number of brokerages have weighed in on FDX. Citigroup began coverage on shares of FedEx in a report on Thursday. They set a “buy” rating and a $443.00 target price on the stock. Stifel Nicolaus increased their target price on shares of FedEx from $425.00 to $442.00 in a report on Friday, April 10th. HSBC raised shares of FedEx from a “reduce” rating to a “hold” rating and set a $360.00 target price on the stock in a report on Friday, March 20th. Stephens reissued an “overweight” rating and set a $435.00 target price on shares of FedEx in a report on Tuesday, April 14th. Finally, Argus increased their target price on shares of FedEx from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Monday, April 6th. Eighteen equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $399.62.

FedEx Profile

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.