Investment House LLC Has $6.13 Million Position in FedEx Corporation $FDX

Investment House LLC reduced its holdings in FedEx Corporation (NYSE:FDX) by 7.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 21,207 shares of the shipping service provider’s stock after selling 1,655 shares during the quarter. Investment House LLC’s holdings in FedEx were worth $6,126,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. LRI Investments LLC lifted its holdings in FedEx by 5.2% in the fourth quarter. LRI Investments LLC now owns 632 shares of the shipping service provider’s stock valued at $183,000 after buying an additional 31 shares during the period. Legacy Bridge LLC lifted its holdings in FedEx by 33.0% in the fourth quarter. Legacy Bridge LLC now owns 133 shares of the shipping service provider’s stock valued at $38,000 after buying an additional 33 shares during the period. True Wealth Design LLC lifted its holdings in FedEx by 8.2% in the fourth quarter. True Wealth Design LLC now owns 462 shares of the shipping service provider’s stock valued at $133,000 after buying an additional 35 shares during the period. ORG Partners LLC lifted its holdings in FedEx by 50.0% in the fourth quarter. ORG Partners LLC now owns 105 shares of the shipping service provider’s stock valued at $30,000 after buying an additional 35 shares during the period. Finally, Moneco Advisors LLC lifted its holdings in FedEx by 3.9% in the fourth quarter. Moneco Advisors LLC now owns 968 shares of the shipping service provider’s stock valued at $280,000 after buying an additional 36 shares during the period. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at FedEx

In related news, Director Susan C. Schwab sold 5,795 shares of the firm’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $369.00, for a total transaction of $2,138,355.00. Following the sale, the director directly owned 10,038 shares in the company, valued at $3,704,022. This trade represents a 36.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Kawal Preet sold 4,900 shares of the firm’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $367.89, for a total transaction of $1,802,661.00. Following the sale, the executive vice president owned 10,953 shares in the company, valued at approximately $4,029,499.17. The trade was a 30.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 48,104 shares of company stock valued at $17,599,006. Insiders own 0.53% of the company’s stock.

FedEx Trading Up 1.4%

FDX opened at $374.84 on Wednesday. The firm’s fifty day moving average is $369.29 and its two-hundred day moving average is $330.46. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.44 and a current ratio of 1.47. The firm has a market cap of $89.44 billion, a PE ratio of 19.95, a price-to-earnings-growth ratio of 1.40 and a beta of 1.29. FedEx Corporation has a twelve month low of $214.35 and a twelve month high of $404.03.

FedEx (NYSE:FDX) last posted its earnings results on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share 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 net margin of 4.88% and a return on equity of 16.76%. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the business posted $4.51 earnings per share. Equities research analysts anticipate that FedEx Corporation will post 19.72 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on FDX shares. TD Cowen increased their price objective on shares of FedEx from $383.00 to $426.00 and gave the company a “buy” rating in a report on Friday, March 20th. Wolfe Research cut their price objective on shares of FedEx from $427.00 to $423.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. Evercore increased their price objective on shares of FedEx from $364.00 to $380.00 in a report on Tuesday, February 24th. Stephens restated an “overweight” rating and issued a $435.00 price objective on shares of FedEx in a report on Tuesday, April 14th. Finally, Citigroup increased their target price on shares of FedEx from $327.00 to $401.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. 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 stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $398.04.

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.