Oppenheimer & Co. Inc. boosted its stake in FedEx Corporation (NYSE:FDX) by 26.0% during the first quarter, Holdings Channel reports. The institutional investor owned 14,954 shares of the shipping service provider’s stock after buying an additional 3,088 shares during the period. Oppenheimer & Co. Inc.’s holdings in FedEx Corporation were worth $2,918,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of FDX. Northwestern Mutual Wealth Management Co. increased its stake in FedEx Corporation by 2.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 69,903 shares of the shipping service provider’s stock valued at $13,641,000 after buying an additional 1,852 shares in the last quarter. Quantitative Systematic Strategies LLC increased its stake in FedEx Corporation by 354.3% in the first quarter. Quantitative Systematic Strategies LLC now owns 13,026 shares of the shipping service provider’s stock valued at $2,542,000 after buying an additional 10,159 shares in the last quarter. Madison Investment Holdings Inc. increased its stake in FedEx Corporation by 63.6% in the first quarter. Madison Investment Holdings Inc. now owns 181,250 shares of the shipping service provider’s stock valued at $35,371,000 after buying an additional 70,436 shares in the last quarter. ING Groep NV increased its stake in FedEx Corporation by 245.5% in the first quarter. ING Groep NV now owns 17,525 shares of the shipping service provider’s stock valued at $3,420,000 after buying an additional 12,453 shares in the last quarter. Finally, Webster Bank N. A. increased its stake in FedEx Corporation by 20.3% in the first quarter. Webster Bank N. A. now owns 2,154 shares of the shipping service provider’s stock valued at $420,000 after buying an additional 364 shares in the last quarter. 76.36% of the stock is owned by institutional investors and hedge funds.

Shares of FedEx Corporation (NYSE FDX) traded up 0.65% during midday trading on Friday, hitting $204.87. 1,136,569 shares of the company were exchanged. The company has a market capitalization of $54.96 billion, a P/E ratio of 18.51 and a beta of 1.27. FedEx Corporation has a one year low of $158.20 and a one year high of $219.99. The company has a 50-day moving average of $212.82 and a 200 day moving average of $198.62.

FedEx Corporation (NYSE:FDX) last posted its quarterly earnings results on Tuesday, June 20th. The shipping service provider reported $4.25 EPS for the quarter, beating the Zacks’ consensus estimate of $3.88 by $0.37. The business had revenue of $15.70 billion during 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%. FedEx Corporation’s revenue for the quarter was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.30 earnings per share. On average, equities research analysts expect that FedEx Corporation will post $13.58 earnings per share for the current fiscal year.

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FDX has been the subject of several recent analyst reports. Stifel Nicolaus upped their price objective on shares of FedEx Corporation from $194.00 to $216.00 and gave the stock a “hold” rating in a report on Monday, June 12th. Vetr cut shares of FedEx Corporation from a “hold” rating to a “sell” rating and set a $206.26 target price for the company. in a research note on Monday, June 26th. BidaskClub cut shares of FedEx Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Oppenheimer Holdings, Inc. upped their target price on shares of FedEx Corporation from $218.00 to $229.00 and gave the company an “outperform” rating in a research note on Thursday, June 15th. Finally, Zacks Investment Research cut shares of FedEx Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. Six investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $221.78.

In related news, Director John A. Edwardson sold 2,208 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $208.14, for a total value of $459,573.12. Following the completion of the transaction, the director now owns 30,608 shares of the company’s stock, valued at $6,370,749.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Kim Jabal sold 609 shares of the business’s stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $216.13, for a total value of $131,623.17. Following the completion of the transaction, the director now directly owns 2,100 shares of the company’s stock, valued at approximately $453,873. The disclosure for this sale can be found here. In the last ninety days, insiders sold 77,757 shares of company stock valued at $16,447,426. 8.67% of the stock is owned by insiders.

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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Institutional Ownership by Quarter for FedEx Corporation (NYSE:FDX)

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