Davidson Investment Advisors Acquires 390 Shares of FedEx Co. (NYSE:FDX)

Davidson Investment Advisors lifted its holdings in FedEx Co. (NYSE:FDX) by 1.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,573 shares of the shipping service provider’s stock after acquiring an additional 390 shares during the period. Davidson Investment Advisors’ holdings in FedEx were worth $5,906,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sageworth Trust Co bought a new position in shares of FedEx in the second quarter worth about $25,000. CX Institutional bought a new position in FedEx during the third quarter valued at approximately $29,000. Accurate Investment Solutions Inc. boosted its stake in FedEx by 125.0% during the third quarter. Accurate Investment Solutions Inc. now owns 225 shares of the shipping service provider’s stock valued at $33,000 after buying an additional 125 shares during the last quarter. Venturi Wealth Management LLC bought a new position in FedEx during the third quarter valued at approximately $33,000. Finally, Nelson Roberts Investment Advisors LLC bought a new position in FedEx during the second quarter valued at approximately $34,000. 71.57% of the stock is owned by hedge funds and other institutional investors.

In other FedEx news, Director John A. Edwardson purchased 5,000 shares of FedEx stock in a transaction dated Thursday, October 31st. The shares were purchased at an average cost of $151.75 per share, for a total transaction of $758,750.00. Following the completion of the acquisition, the director now owns 62,966 shares in the company, valued at approximately $9,555,090.50. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director R Brad Martin purchased 1,000 shares of FedEx stock in a transaction dated Friday, September 27th. The stock was acquired at an average price of $145.00 per share, for a total transaction of $145,000.00. Following the completion of the acquisition, the director now owns 49,046 shares of the company’s stock, valued at approximately $7,111,670. The disclosure for this purchase can be found here. Corporate insiders own 8.44% of the company’s stock.

A number of equities analysts recently commented on FDX shares. Zacks Investment Research lowered FedEx from a “hold” rating to a “sell” rating and set a $161.00 price target for the company. in a research note on Thursday, August 29th. Wells Fargo & Co started coverage on FedEx in a research note on Monday, October 28th. They set an “outperform” rating and a $189.00 price target for the company. DZ Bank reissued a “sell” rating on shares of FedEx in a research note on Wednesday, September 18th. Stephens set a $192.00 price target on FedEx and gave the company a “buy” rating in a research note on Wednesday, September 18th. Finally, JPMorgan Chase & Co. set a $140.00 price target on FedEx and gave the company a “neutral” rating in a research note on Friday, October 4th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and sixteen have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $170.40.

FDX stock traded up $0.06 during midday trading on Tuesday, reaching $162.24. 101,042 shares of the company traded hands, compared to its average volume of 2,429,721. FedEx Co. has a 52-week low of $137.78 and a 52-week high of $234.49. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.25 and a current ratio of 1.31. The business has a 50 day moving average of $150.77 and a 200-day moving average of $161.90. The firm has a market capitalization of $42.59 billion, a price-to-earnings ratio of 10.45, a P/E/G ratio of 1.12 and a beta of 1.72.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Tuesday, September 17th. The shipping service provider reported $3.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.17 by ($0.12). FedEx had a net margin of 0.65% and a return on equity of 21.15%. The company had revenue of $17.05 billion for the quarter, compared to analysts’ expectations of $17.05 billion. During the same quarter last year, the company earned $3.46 earnings per share. The company’s revenue for the quarter was up .0% on a year-over-year basis. Research analysts anticipate that FedEx Co. will post 12.11 earnings per share for the current year.

About FedEx

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.

Read More: Intrinsic Value and Stock Selection

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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