PHH Investments Ltd. boosted its position in shares of FedEx Corporation (NYSE:FDX) by 3.2% during the first quarter, Holdings Channel reports. The fund owned 6,565 shares of the shipping service provider’s stock after buying an additional 203 shares during the period. FedEx Corporation makes up approximately 0.5% of PHH Investments Ltd.’s portfolio, making the stock its 28th largest position. PHH Investments Ltd.’s holdings in FedEx Corporation were worth $1,281,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FDX. FNY Managed Accounts LLC purchased a new position in shares of FedEx Corporation during the first quarter worth approximately $100,000. Alexandria Capital LLC raised its position in shares of FedEx Corporation by 2.1% in the first quarter. Alexandria Capital LLC now owns 527 shares of the shipping service provider’s stock worth $103,000 after buying an additional 11 shares during the last quarter. Pinnacle Bank purchased a new position in shares of FedEx Corporation during the first quarter worth approximately $122,000. Brick & Kyle Associates raised its position in shares of FedEx Corporation by 1.5% in the first quarter. Brick & Kyle Associates now owns 674 shares of the shipping service provider’s stock worth $132,000 after buying an additional 10 shares during the last quarter. Finally, Guardian Life Insurance Co. of America raised its position in shares of FedEx Corporation by 1.0% in the first quarter. Guardian Life Insurance Co. of America now owns 943 shares of the shipping service provider’s stock worth $184,000 after buying an additional 9 shares during the last quarter. 76.00% of the stock is owned by institutional investors.

Shares of FedEx Corporation (NYSE:FDX) traded up 0.68% during mid-day trading on Wednesday, reaching $210.49. The company’s stock had a trading volume of 223,391 shares. The stock has a market cap of $56.47 billion, a P/E ratio of 19.01 and a beta of 1.27. The stock has a 50 day moving average of $212.43 and a 200-day moving average of $198.92. FedEx Corporation has a one year low of $158.20 and a one year high of $219.99.

FedEx Corporation (NYSE:FDX) last announced its earnings results on Tuesday, June 20th. The shipping service provider reported $4.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.88 by $0.37. The company had revenue of $15.70 billion for the quarter, compared to analyst estimates of $15.56 billion. FedEx Corporation had a return on equity of 22.19% and a net margin of 4.97%. The firm’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.30 earnings per share. On average, equities research analysts expect that FedEx Corporation will post $13.58 EPS for the current fiscal year.

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A number of equities research analysts have issued reports on FDX shares. UBS AG restated a “buy” rating and set a $235.00 price objective (up from $215.00) on shares of FedEx Corporation in a research report on Wednesday, June 21st. Cowen and Company restated a “buy” rating and set a $240.00 price objective on shares of FedEx Corporation in a research report on Thursday, August 10th. BidaskClub downgraded FedEx Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Credit Suisse Group restated a “buy” rating and set a $237.00 price objective on shares of FedEx Corporation in a research report on Monday, August 7th. Finally, Zacks Investment Research downgraded FedEx Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, June 7th. Six equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. FedEx Corporation currently has a consensus rating of “Buy” and an average price target of $221.78.

In other news, Director Kim Jabal sold 5,918 shares of the company’s stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $216.05, for a total transaction of $1,278,583.90. Following the sale, the director now owns 3,610 shares of the company’s stock, valued at $779,940.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John A. Edwardson sold 2,208 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $208.14, for a total value of $459,573.12. Following the sale, the director now directly owns 30,608 shares in the company, valued at approximately $6,370,749.12. The disclosure for this sale can be found here. In the last three months, insiders sold 77,757 shares of company stock worth $16,447,426. 8.67% of the stock is owned by corporate 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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