World Investment Advisors Decreases Stake in FedEx Corporation $FDX

World Investment Advisors decreased its holdings in shares of FedEx Corporation (NYSE:FDX) by 12.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 10,060 shares of the shipping service provider’s stock after selling 1,370 shares during the quarter. World Investment Advisors’ holdings in FedEx were worth $2,782,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in FDX. Vanguard Group Inc. lifted its stake in FedEx by 13.2% during the third quarter. Vanguard Group Inc. now owns 23,442,049 shares of the shipping service provider’s stock worth $5,527,870,000 after purchasing an additional 2,741,723 shares during the last quarter. Boston Partners purchased a new stake in FedEx during the third quarter worth approximately $468,195,000. Dodge & Cox lifted its stake in FedEx by 12.0% during the third quarter. Dodge & Cox now owns 16,225,160 shares of the shipping service provider’s stock worth $3,826,055,000 after purchasing an additional 1,742,666 shares during the last quarter. AQR Capital Management LLC lifted its stake in FedEx by 169.2% during the third quarter. AQR Capital Management LLC now owns 2,733,905 shares of the shipping service provider’s stock worth $638,203,000 after purchasing an additional 1,718,278 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. purchased a new stake in FedEx during the third quarter worth approximately $171,960,000. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Analyst Ratings Changes

FDX has been the subject of several recent analyst reports. Weiss Ratings cut FedEx from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, April 29th. Stephens restated an “overweight” rating and set a $435.00 target price on shares of FedEx in a research note on Tuesday, April 14th. Raymond James Financial boosted their target price on FedEx from $305.00 to $410.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. UBS Group reaffirmed a “buy” rating on shares of FedEx in a research report on Tuesday, May 5th. Finally, Barclays reaffirmed a “buy” rating on shares of FedEx in a research report on Monday, May 11th. Eighteen investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $398.04.

FedEx Trading Down 1.1%

FDX opened at $375.99 on Friday. The firm has a market cap of $89.71 billion, a price-to-earnings ratio of 20.01, a price-to-earnings-growth ratio of 1.44 and a beta of 1.29. FedEx Corporation has a 52 week low of $214.35 and a 52 week high of $404.03. The business’s 50 day moving average is $369.04 and its two-hundred day moving average is $328.17. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.77.

FedEx (NYSE:FDX) last released its quarterly earnings results on Thursday, March 19th. The shipping service provider reported $5.25 EPS for the quarter, topping the consensus estimate of $4.12 by $1.13. The company had revenue of $24 billion for the quarter, compared to analyst estimates of $23.44 billion. FedEx had a return on equity of 16.76% and a net margin of 4.88%.The firm’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.51 earnings per share. On average, research analysts predict that FedEx Corporation will post 19.72 EPS for the current year.

Insider Buying and Selling

In other news, EVP Tracy B. Brightman sold 16,959 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $363.47, for a total value of $6,164,087.73. Following the transaction, the executive vice president owned 11,052 shares of the company’s stock, valued at approximately $4,017,070.44. The trade was a 60.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kawal Preet sold 4,900 shares of the business’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $367.89, for a total value of $1,802,661.00. Following the completion of the transaction, the executive vice president directly owned 10,953 shares in the company, valued at approximately $4,029,499.17. The trade was a 30.91% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 48,104 shares of company stock worth $17,599,006. 0.53% of the stock is currently owned by company insiders.

FedEx Profile

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.