Jacobs Levy Equity Management Inc. Purchases Shares of 875 FedEx Co. (NYSE:FDX)

Jacobs Levy Equity Management Inc. acquired a new position in shares of FedEx Co. (NYSE:FDX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 875 shares of the shipping service provider’s stock, valued at approximately $246,000.

Other large investors have also made changes to their positions in the company. bLong Financial LLC acquired a new position in FedEx in the 4th quarter valued at approximately $391,000. Lodestone Wealth Management LLC bought a new stake in shares of FedEx during the fourth quarter valued at approximately $461,000. GFS Advisors LLC bought a new stake in shares of FedEx during the fourth quarter valued at approximately $26,855,000. Gries Financial LLC raised its stake in shares of FedEx by 16.6% in the fourth quarter. Gries Financial LLC now owns 8,780 shares of the shipping service provider’s stock valued at $2,470,000 after purchasing an additional 1,252 shares in the last quarter. Finally, KBC Group NV lifted its position in FedEx by 197.4% in the fourth quarter. KBC Group NV now owns 341,390 shares of the shipping service provider’s stock worth $96,043,000 after purchasing an additional 226,608 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on FDX shares. BMO Capital Markets lowered their price target on shares of FedEx from $330.00 to $275.00 and set a “market perform” rating on the stock in a report on Friday, March 21st. Loop Capital cut shares of FedEx from a “hold” rating to a “sell” rating and lowered their target price for the company from $283.00 to $221.00 in a research note on Friday, March 21st. Jefferies Financial Group raised shares of FedEx from a “hold” rating to a “buy” rating and dropped their price target for the stock from $300.00 to $275.00 in a research report on Monday, March 24th. Stifel Nicolaus decreased their price objective on FedEx from $364.00 to $354.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Finally, Truist Financial lowered their price objective on FedEx from $305.00 to $275.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $297.63.

Insider Activity at FedEx

In other FedEx news, COO John Alan Smith sold 6,155 shares of the company’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $243.55, for a total transaction of $1,499,050.25. Following the transaction, the chief operating officer now owns 23,347 shares of the company’s stock, valued at approximately $5,686,161.85. This represents a 20.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.87% of the stock is currently owned by company insiders.

FedEx Stock Performance

Shares of NYSE:FDX opened at $229.34 on Monday. The business has a fifty day moving average of $222.96 and a 200-day moving average of $256.41. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. FedEx Co. has a twelve month low of $194.30 and a twelve month high of $313.84. The firm has a market cap of $54.95 billion, a PE ratio of 14.62, a price-to-earnings-growth ratio of 1.11 and a beta of 1.36.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share for the quarter, missing the consensus estimate of $4.56 by ($0.05). FedEx had a net margin of 4.45% and a return on equity of 15.59%. The company had revenue of $22.16 billion during the quarter, compared to analyst estimates of $21.96 billion. During the same quarter in the previous year, the business posted $3.86 EPS. The company’s revenue was up 1.9% compared to the same quarter last year. On average, equities research analysts predict that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Company Profile

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.