Pensionfund Sabic acquired a new stake in FedEx Corporation (NYSE:FDX) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,500 shares of the shipping service provider’s stock, valued at approximately $2,369,000.

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of FedEx Corporation by 2.7% in the second quarter. Vanguard Group Inc. now owns 18,490,065 shares of the shipping service provider’s stock valued at $4,018,446,000 after acquiring an additional 492,840 shares in the last quarter. BlackRock Inc. lifted its position in shares of FedEx Corporation by 1,912.1% in the first quarter. BlackRock Inc. now owns 14,823,307 shares of the shipping service provider’s stock valued at $2,892,768,000 after acquiring an additional 14,086,601 shares in the last quarter. FMR LLC lifted its position in shares of FedEx Corporation by 0.3% in the second quarter. FMR LLC now owns 4,530,154 shares of the shipping service provider’s stock valued at $984,539,000 after acquiring an additional 15,382 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of FedEx Corporation by 0.4% in the second quarter. Ameriprise Financial Inc. now owns 3,659,103 shares of the shipping service provider’s stock valued at $795,260,000 after acquiring an additional 13,383 shares in the last quarter. Finally, Capital World Investors lifted its position in shares of FedEx Corporation by 16.1% in the second quarter. Capital World Investors now owns 3,614,899 shares of the shipping service provider’s stock valued at $785,626,000 after acquiring an additional 501,617 shares in the last quarter. Institutional investors and hedge funds own 76.22% of the company’s stock.

In related news, CEO Michael L. Ducker sold 14,964 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $225.85, for a total value of $3,379,619.40. Following the completion of the sale, the chief executive officer now owns 53,397 shares in the company, valued at $12,059,712.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Donald F. Colleran sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $220.00, for a total value of $2,200,000.00. Following the completion of the sale, the executive vice president now owns 30,499 shares of the company’s stock, valued at approximately $6,709,780. The disclosure for this sale can be found here. Insiders sold 40,094 shares of company stock valued at $9,024,637 in the last quarter. 8.45% of the stock is owned by company insiders.

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FedEx Corporation (NYSE:FDX) opened at $217.91 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.57 and a current ratio of 1.63. The company has a market capitalization of $57,504.27, a P/E ratio of 18.01, a PEG ratio of 1.35 and a beta of 1.37. FedEx Corporation has a 52 week low of $182.89 and a 52 week high of $231.35.

FedEx Corporation (NYSE:FDX) last announced its quarterly earnings results on Tuesday, September 19th. The shipping service provider reported $2.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.17 by ($0.66). The firm had revenue of $15.30 billion during the quarter, compared to analysts’ expectations of $15.35 billion. FedEx Corporation had a net margin of 4.72% and a return on equity of 20.69%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.90 EPS. sell-side analysts forecast that FedEx Corporation will post 12.47 EPS for the current year.

FDX has been the topic of several research analyst reports. Loop Capital restated a “buy” rating and issued a $260.00 price objective (up from $250.00) on shares of FedEx Corporation in a research report on Wednesday, September 20th. Citigroup Inc. restated a “buy” rating and issued a $235.00 price objective on shares of FedEx Corporation in a research report on Thursday, September 14th. Robert W. Baird restated a “buy” rating and issued a $235.00 price objective on shares of FedEx Corporation in a research report on Tuesday, September 12th. Cowen and Company restated a “buy” rating and issued a $240.00 price objective on shares of FedEx Corporation in a research report on Tuesday, September 12th. Finally, BMO Capital Markets restated a “buy” rating and issued a $245.00 price objective on shares of FedEx Corporation in a research report on Wednesday, September 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-three have issued a buy rating to the company. FedEx Corporation currently has a consensus rating of “Buy” and a consensus target price of $230.21.

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.

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

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