Siemens Fonds Invest GmbH Sells 6,152 Shares of FedEx Co. (NYSE:FDX)

Siemens Fonds Invest GmbH trimmed its holdings in FedEx Co. (NYSE:FDX) by 73.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,252 shares of the shipping service provider’s stock after selling 6,152 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in FedEx were worth $634,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FDX. Transce3nd LLC bought a new position in shares of FedEx in the fourth quarter worth about $26,000. Kentucky Trust Co bought a new position in FedEx in the 4th quarter worth approximately $28,000. Pilgrim Partners Asia Pte Ltd bought a new position in FedEx in the 4th quarter worth approximately $28,000. Activest Wealth Management acquired a new position in FedEx during the 4th quarter worth $29,000. Finally, R Squared Ltd bought a new position in FedEx in the 4th quarter valued at $31,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on FDX. Deutsche Bank Aktiengesellschaft initiated coverage on FedEx in a research note on Friday, March 7th. They set a “buy” rating and a $337.00 price target on the stock. Cfra Research upgraded shares of FedEx to a “hold” rating in a research report on Thursday, March 20th. Stephens reissued an “overweight” rating and set a $300.00 price target on shares of FedEx in a research note on Tuesday, May 20th. TD Cowen reduced their price objective on shares of FedEx from $337.00 to $310.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Finally, Oppenheimer reiterated a “market perform” rating on shares of FedEx in a research report on Friday, March 21st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $296.17.

Insider Buying and Selling

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

FedEx Trading Up 1.3%

NYSE FDX opened at $220.03 on Friday. FedEx Co. has a 12 month low of $194.30 and a 12 month high of $313.84. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73. The stock has a 50 day moving average of $218.75 and a 200-day moving average of $252.97. The company has a market cap of $52.72 billion, a PE ratio of 14.02, a PEG ratio of 1.11 and a beta of 1.36.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Thursday, March 20th. The shipping service provider reported $4.51 EPS for the quarter, missing analysts’ consensus estimates of $4.56 by ($0.05). FedEx had a net margin of 4.45% and a return on equity of 15.59%. The firm had revenue of $22.16 billion during the quarter, compared to analyst estimates of $21.96 billion. During the same quarter in the prior year, the business earned $3.86 EPS. The business’s revenue was up 1.9% compared to the same quarter last year. On average, equities research analysts anticipate 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.