Candriam Luxembourg S.C.A. Increases Stake in FedEx Co. (FDX)

Candriam Luxembourg S.C.A. grew its holdings in shares of FedEx Co. (NYSE:FDX) by 6.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 91,766 shares of the shipping service provider’s stock after buying an additional 5,836 shares during the period. Candriam Luxembourg S.C.A.’s holdings in FedEx were worth $22,899,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Salem Investment Counselors Inc. boosted its holdings in shares of FedEx by 2.8% during the 2nd quarter. Salem Investment Counselors Inc. now owns 479 shares of the shipping service provider’s stock valued at $104,000 after buying an additional 13 shares in the last quarter. Cerebellum GP LLC bought a new stake in shares of FedEx during the 4th quarter valued at $125,000. Krilogy Financial LLC boosted its holdings in shares of FedEx by 0.4% during the 2nd quarter. Krilogy Financial LLC now owns 511 shares of the shipping service provider’s stock valued at $111,000 after buying an additional 2 shares in the last quarter. Financial Engines Advisors L.L.C. bought a new position in FedEx in the 3rd quarter worth about $132,000. Finally, Massey Quick Simon & CO. LLC bought a new position in FedEx in the 3rd quarter worth about $136,000. Hedge funds and other institutional investors own 75.94% of the company’s stock.

In other news, EVP Robert B. Carter sold 3,970 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $250.73, for a total transaction of $995,398.10. Following the completion of the sale, the executive vice president now owns 187,025 shares of the company’s stock, valued at approximately $46,892,778.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO David J. Bronczek sold 46,555 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $255.49, for a total transaction of $11,894,336.95. Following the sale, the chief operating officer now directly owns 48,562 shares of the company’s stock, valued at approximately $12,407,105.38. The disclosure for this sale can be found here. Insiders have sold a total of 53,541 shares of company stock valued at $13,692,142 in the last ninety days. Insiders own 8.45% of the company’s stock.

A number of equities analysts recently issued reports on the stock. Robert W. Baird reiterated a “buy” rating and issued a $270.00 price target on shares of FedEx in a research note on Monday. Zacks Investment Research upgraded shares of FedEx from a “hold” rating to a “strong-buy” rating and set a $310.00 price target on the stock in a research note on Thursday, January 18th. Bank of America reiterated a “buy” rating and issued a $315.00 price target on shares of FedEx in a research note on Friday, January 12th. BMO Capital Markets reiterated a “buy” rating and issued a $300.00 price target on shares of FedEx in a research note on Monday, January 8th. Finally, UBS Group upgraded shares of FedEx from a “neutral” rating to a “buy” rating and upped their price target for the stock from $264.00 to $302.00 in a research note on Friday, January 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $272.69.

FedEx Co. (NYSE:FDX) opened at $240.82 on Thursday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.50 and a current ratio of 1.57. The stock has a market cap of $64,379.23, a PE ratio of 19.55, a price-to-earnings-growth ratio of 1.40 and a beta of 1.30. FedEx Co. has a one year low of $182.89 and a one year high of $274.66.

FedEx (NYSE:FDX) last posted its earnings results on Tuesday, December 19th. The shipping service provider reported $3.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.89 by $0.29. FedEx had a net margin of 4.74% and a return on equity of 20.56%. The business had revenue of $16.30 billion for the quarter, compared to analysts’ expectations of $15.67 billion. During the same quarter in the prior year, the business earned $2.80 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. equities research analysts forecast that FedEx Co. will post 13.45 earnings per share for the current fiscal year.

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About FedEx

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 (NYSE:FDX)

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