Rothschild Investment Corp IL lessened its holdings in shares of FedEx Co. (NYSE:FDX) by 37.2% in the first quarter, HoldingsChannel.com reports. The fund owned 2,835 shares of the shipping service provider’s stock after selling 1,680 shares during the quarter. Rothschild Investment Corp IL’s holdings in FedEx were worth $514,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Peoples Financial Services CORP. grew its holdings in shares of FedEx by 5.4% in the 1st quarter. Peoples Financial Services CORP. now owns 2,950 shares of the shipping service provider’s stock valued at $536,000 after buying an additional 150 shares during the period. Oakbrook Investments LLC grew its holdings in shares of FedEx by 90.0% in the 1st quarter. Oakbrook Investments LLC now owns 18,087 shares of the shipping service provider’s stock valued at $3,281,000 after buying an additional 8,570 shares during the period. Wells Trecaso Financial Group LLC grew its holdings in shares of FedEx by 0.7% in the 1st quarter. Wells Trecaso Financial Group LLC now owns 17,597 shares of the shipping service provider’s stock valued at $3,192,000 after buying an additional 115 shares during the period. Pennsylvania Trust Co grew its holdings in shares of FedEx by 3.4% in the 1st quarter. Pennsylvania Trust Co now owns 16,982 shares of the shipping service provider’s stock valued at $3,081,000 after buying an additional 552 shares during the period. Finally, Telos Capital Management Inc. grew its holdings in shares of FedEx by 7.7% in the 1st quarter. Telos Capital Management Inc. now owns 8,124 shares of the shipping service provider’s stock valued at $1,474,000 after buying an additional 581 shares during the period. 71.70% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE FDX opened at $198.15 on Friday. The firm has a market capitalization of $51.63 billion, a P/E ratio of 12.94, a P/E/G ratio of 1.01 and a beta of 1.62. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.46 and a quick ratio of 1.40. FedEx Co. has a 1-year low of $150.94 and a 1-year high of $266.67.

FedEx (NYSE:FDX) last announced its earnings results on Tuesday, March 19th. The shipping service provider reported $3.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.10 by ($0.07). The company had revenue of $17.01 billion during the quarter, compared to analyst estimates of $17.70 billion. FedEx had a return on equity of 22.67% and a net margin of 5.25%. FedEx’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the previous year, the company posted $3.72 earnings per share. Sell-side analysts expect that FedEx Co. will post 15.44 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 11th were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Friday, March 8th. FedEx’s payout ratio is presently 16.98%.

In other FedEx news, EVP Alan B. Graf, Jr. sold 27,000 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $173.30, for a total transaction of $4,679,100.00. Following the sale, the executive vice president now directly owns 200,320 shares of the company’s stock, valued at approximately $34,715,456. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP John L. Merino sold 2,300 shares of the business’s stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $182.24, for a total transaction of $419,152.00. Following the sale, the vice president now directly owns 30,185 shares in the company, valued at $5,500,914.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 187,950 shares of company stock valued at $35,170,622. Company insiders own 8.50% of the company’s stock.

Several equities analysts have recently issued reports on the stock. Daiwa Capital Markets lowered shares of FedEx from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $187.00 to $179.00 in a report on Thursday, March 21st. They noted that the move was a valuation call. UBS Group decreased their price target on shares of FedEx from $205.00 to $171.00 and set a “neutral” rating for the company in a report on Friday, January 4th. BMO Capital Markets decreased their price target on shares of FedEx to $215.00 and set an “outperform” rating for the company in a report on Wednesday, March 20th. Credit Suisse Group boosted their price target on shares of FedEx from $236.00 to $241.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. Finally, Susquehanna Bancshares reissued a “neutral” rating and issued a $174.00 price target on shares of FedEx in a report on Thursday, March 28th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $214.19.

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FedEx Company Profile

FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services; and consolidates and delivers low-weight and less time-sensitive business-to-consumer packages.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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