FedEx Corporation $FDX Shares Sold by Staley Capital Advisers Inc.

Staley Capital Advisers Inc. lowered its holdings in shares of FedEx Corporation (NYSE:FDX) by 2.1% in the fourth quarter, Holdings Channel reports. The firm owned 225,941 shares of the shipping service provider’s stock after selling 4,735 shares during the quarter. FedEx accounts for 2.7% of Staley Capital Advisers Inc.’s investment portfolio, making the stock its 11th biggest holding. Staley Capital Advisers Inc.’s holdings in FedEx were worth $65,265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in FedEx by 13.2% during the 3rd quarter. Vanguard Group Inc. now owns 23,442,049 shares of the shipping service provider’s stock worth $5,527,870,000 after purchasing an additional 2,741,723 shares during the period. Dodge & Cox boosted its stake in FedEx by 12.0% during the 3rd quarter. Dodge & Cox now owns 16,225,160 shares of the shipping service provider’s stock worth $3,826,055,000 after purchasing an additional 1,742,666 shares during the period. Franklin Resources Inc. boosted its stake in FedEx by 5.9% during the 3rd quarter. Franklin Resources Inc. now owns 4,814,938 shares of the shipping service provider’s stock worth $1,135,411,000 after purchasing an additional 269,567 shares during the period. Invesco Ltd. boosted its stake in FedEx by 3.1% during the 3rd quarter. Invesco Ltd. now owns 3,618,898 shares of the shipping service provider’s stock worth $853,372,000 after purchasing an additional 108,426 shares during the period. Finally, AQR Capital Management LLC boosted its stake in FedEx by 169.2% during the 3rd quarter. AQR Capital Management LLC now owns 2,733,905 shares of the shipping service provider’s stock worth $638,203,000 after purchasing an additional 1,718,278 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Stock Down 1.1%

Shares of FedEx stock opened at $375.99 on Friday. The company has a market cap of $89.71 billion, a P/E ratio of 20.01, a PEG ratio of 1.42 and a beta of 1.29. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.44 and a current ratio of 1.47. FedEx Corporation has a one year low of $214.35 and a one year high of $404.03. The firm has a fifty day moving average of $369.04 and a two-hundred day moving average of $328.17.

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

Insider Activity at FedEx

In other news, EVP Kawal Preet sold 4,900 shares of the company’s stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $367.89, for a total transaction of $1,802,661.00. Following the transaction, the executive vice president directly owned 10,953 shares of the company’s stock, valued at $4,029,499.17. This represents a 30.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Tracy B. Brightman sold 16,959 shares of the company’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $363.47, for a total transaction of $6,164,087.73. Following the transaction, the executive vice president directly owned 11,052 shares in the company, valued at approximately $4,017,070.44. This trade represents a 60.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 48,104 shares of company stock valued at $17,599,006. Company insiders own 0.53% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on FDX shares. Weiss Ratings upgraded shares of FedEx from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday. UBS Group restated a “buy” rating on shares of FedEx in a research report on Tuesday, May 5th. Jefferies Financial Group upped their price objective on shares of FedEx from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. Zacks Research downgraded shares of FedEx from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 18th. Finally, BMO Capital Markets upped their price objective on shares of FedEx from $400.00 to $410.00 and gave the stock a “market perform” rating in a research report on Friday, March 20th. Eighteen research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $398.04.

About FedEx

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.