Two Sigma Securities LLC purchased a new position in shares of FedEx Corporation (NYSE:FDX) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,129 shares of the shipping service provider’s stock, valued at approximately $611,000.

Other large investors also recently bought and sold shares of the company. Cornerstone Financial Partners LLC raised its stake in FedEx Corporation by 0.3% in the first quarter. Cornerstone Financial Partners LLC now owns 2,118 shares of the shipping service provider’s stock worth $413,000 after buying an additional 7 shares in the last quarter. Beese Fulmer Investment Management Inc. raised its stake in FedEx Corporation by 0.6% in the first quarter. Beese Fulmer Investment Management Inc. now owns 1,327 shares of the shipping service provider’s stock worth $259,000 after buying an additional 8 shares in the last quarter. Guardian Life Insurance Co. of America raised its stake in 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 in the last quarter. Adirondack Trust Co. raised its stake in FedEx Corporation by 1.5% in the first quarter. Adirondack Trust Co. now owns 662 shares of the shipping service provider’s stock worth $129,000 after buying an additional 10 shares in the last quarter. Finally, Brick & Kyle Associates raised its stake in 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 in the last quarter. 76.36% of the stock is currently owned by institutional investors.

Shares of FedEx Corporation (NYSE:FDX) traded down 0.60% on Thursday, hitting $204.95. The company’s stock had a trading volume of 214,776 shares. The firm has a market cap of $54.98 billion, a PE ratio of 18.51 and a beta of 1.27. FedEx Corporation has a 1-year low of $158.20 and a 1-year high of $219.99. The company has a 50 day moving average of $213.26 and a 200 day moving average of $198.44.

FedEx Corporation (NYSE:FDX) last announced its quarterly earnings data on Tuesday, June 20th. The shipping service provider reported $4.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.88 by $0.37. FedEx Corporation had a return on equity of 22.19% and a net margin of 4.97%. The firm had revenue of $15.70 billion for the quarter, compared to analysts’ expectations of $15.56 billion. During the same quarter in the prior year, the firm posted $3.30 earnings per share. FedEx Corporation’s revenue for the quarter was up 21.0% compared to the same quarter last year. Equities analysts forecast that FedEx Corporation will post $13.58 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “Two Sigma Securities LLC Purchases New Stake in FedEx Corporation (FDX)” was originally published by Watch List News and is the sole property of of Watch List News. If you are reading this article on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The legal version of this article can be read at https://www.watchlistnews.com/two-sigma-securities-llc-purchases-new-stake-in-fedex-corporation-fdx/1470838.html.

A number of equities research analysts have issued reports on the company. Vetr raised FedEx Corporation from a “hold” rating to a “buy” rating and set a $195.86 price target on the stock in a research report on Wednesday, May 17th. UBS AG reaffirmed a “buy” rating and issued a $235.00 price target (up previously from $215.00) on shares of FedEx Corporation in a research report on Wednesday, June 21st. Stephens set a $246.00 price target on FedEx Corporation and gave the company an “overweight” rating in a research report on Wednesday, June 21st. Cowen and Company reaffirmed a “buy” rating and issued a $240.00 price target on shares of FedEx Corporation in a research report on Thursday. Finally, Seaport Global Securities assumed coverage on FedEx Corporation in a research report on Tuesday, June 6th. They issued a “neutral” rating on the stock. Six analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. FedEx Corporation presently has a consensus rating of “Buy” and an average target price of $221.78.

In other news, EVP Rajesh Subramaniam sold 7,155 shares of the company’s stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $215.47, for a total transaction of $1,541,687.85. Following the completion of the transaction, the executive vice president now directly owns 21,566 shares of the company’s stock, valued at $4,646,826.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kim Jabal sold 609 shares of the company’s stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $216.13, for a total value of $131,623.17. Following the transaction, the director now directly owns 2,100 shares of the company’s stock, valued at $453,873. The disclosure for this sale can be found here. Insiders have sold 77,757 shares of company stock valued at $16,447,426 over the last ninety days. Corporate insiders own 8.67% of the company’s stock.

FedEx Corporation Company Profile

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.

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

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

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