Hudson Value Partners LLC Grows Stock Holdings in FedEx Co. (NYSE:FDX)

Hudson Value Partners LLC lifted its position in FedEx Co. (NYSE:FDXFree Report) by 22.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,785 shares of the shipping service provider’s stock after buying an additional 1,044 shares during the quarter. Hudson Value Partners LLC’s holdings in FedEx were worth $1,463,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Financial Management Professionals Inc. boosted its stake in shares of FedEx by 143.2% in the fourth quarter. Financial Management Professionals Inc. now owns 107 shares of the shipping service provider’s stock valued at $27,000 after purchasing an additional 63 shares during the period. Private Wealth Management Group LLC purchased a new position in FedEx in the 4th quarter valued at approximately $28,000. Rakuten Securities Inc. purchased a new position in FedEx in the 4th quarter valued at approximately $30,000. Tennessee Valley Asset Management Partners acquired a new position in shares of FedEx in the fourth quarter worth $31,000. Finally, Planned Solutions Inc. purchased a new stake in shares of FedEx during the fourth quarter worth $32,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Stock Performance

Shares of NYSE FDX traded down $1.70 during midday trading on Friday, reaching $247.59. 1,096,590 shares of the company were exchanged, compared to its average volume of 1,253,289. The stock has a market cap of $60.93 billion, a P/E ratio of 14.28, a PEG ratio of 1.03 and a beta of 1.23. FedEx Co. has a 1 year low of $213.80 and a 1 year high of $291.27. The stock has a fifty day simple moving average of $266.81 and a 200 day simple moving average of $256.76. The company has a current ratio of 1.31, a quick ratio of 1.26 and a debt-to-equity ratio of 0.76.

FedEx (NYSE:FDXGet Free Report) last announced its earnings results on Thursday, March 21st. The shipping service provider reported $3.86 earnings per share for the quarter, beating the consensus estimate of $3.49 by $0.37. FedEx had a return on equity of 16.60% and a net margin of 5.02%. The company had revenue of $21.70 billion for the quarter, compared to the consensus estimate of $21.95 billion. During the same period last year, the business posted $3.41 EPS. The company’s revenue was down 2.1% on a year-over-year basis. On average, research analysts forecast that FedEx Co. will post 17.69 earnings per share for the current fiscal year.

FedEx declared that its Board of Directors has initiated a share buyback plan on Thursday, March 21st that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the shipping service provider to reacquire up to 7.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at FedEx

In other news, CEO Sriram Krishnasamy sold 354 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $289.19, for a total value of $102,373.26. Following the completion of the sale, the chief executive officer now owns 11,147 shares in the company, valued at approximately $3,223,600.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Guy M. Erwin II sold 2,749 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $289.11, for a total value of $794,763.39. Following the completion of the sale, the vice president now directly owns 486 shares of the company’s stock, valued at approximately $140,507.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sriram Krishnasamy sold 354 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $289.19, for a total value of $102,373.26. Following the transaction, the chief executive officer now directly owns 11,147 shares in the company, valued at approximately $3,223,600.93. The disclosure for this sale can be found here. In the last three months, insiders have sold 136,668 shares of company stock valued at $37,758,773. 8.73% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

FDX has been the subject of several analyst reports. Bank of America lowered their target price on FedEx from $346.00 to $340.00 and set a “buy” rating for the company in a research note on Tuesday, April 2nd. Robert W. Baird upped their target price on shares of FedEx from $315.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, March 22nd. Barclays raised their target price on shares of FedEx from $310.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, March 22nd. TD Cowen increased their price objective on shares of FedEx from $293.00 to $320.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. Finally, Oppenheimer restated a “market perform” rating on shares of FedEx in a report on Friday, March 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $300.74.

Check Out Our Latest Research Report on FDX

FedEx Profile

(Free Report)

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.

Read More

Want to see what other hedge funds are holding FDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FedEx Co. (NYSE:FDXFree Report).

Institutional Ownership by Quarter for FedEx (NYSE:FDX)

Receive News & Ratings for FedEx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedEx and related companies with MarketBeat.com's FREE daily email newsletter.