21,786 Shares in FedEx Corporation $FDX Bought by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC purchased a new position in shares of FedEx Corporation (NYSE:FDX) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 21,786 shares of the shipping service provider’s stock, valued at approximately $6,293,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FDX. Brighton Jones LLC increased its stake in FedEx by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock worth $514,000 after buying an additional 207 shares during the period. Empowered Funds LLC grew its holdings in FedEx by 78.9% during the 1st quarter. Empowered Funds LLC now owns 10,311 shares of the shipping service provider’s stock worth $2,514,000 after acquiring an additional 4,548 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in FedEx during the 2nd quarter worth $586,000. Quantbot Technologies LP acquired a new position in FedEx during the 2nd quarter worth $186,000. Finally, Jump Financial LLC acquired a new position in FedEx during the 2nd quarter worth $456,000. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Insider Buying and Selling at FedEx

In other news, EVP Gina F. Adams sold 20,450 shares of FedEx stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $366.45, for a total value of $7,493,902.50. Following the completion of the transaction, the executive vice president directly owned 19,403 shares of the company’s stock, valued at approximately $7,110,229.35. The trade was a 51.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Susan C. Schwab sold 5,795 shares of FedEx stock in a transaction dated 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 completion of the transaction, the director directly owned 10,038 shares of the company’s stock, valued at $3,704,022. This trade represents a 36.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 48,104 shares of company stock valued at $17,599,006. Corporate insiders own 0.53% of the company’s stock.

FedEx News Summary

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: JPMorgan upgraded FedEx to Overweight from Neutral and raised its price target to $460 from $432, saying the stock looks attractive ahead of a pivotal period for the logistics company. JPMorgan lifts FedEx to Overweight ahead of freight spin-off
• Positive Sentiment: JPMorgan also said the planned freight spin-off could unlock shareholder value and improve transparency, reinforcing the bull case for the remaining FedEx business. FedEx spin-off could unlock more value for remaining business—J.P. Morgan
• Positive Sentiment: S&P announced that the FedEx Freight holding company will join the S&P 500, a development that can support index-related demand and highlights the significance of the separation. FedEx Freight Holding Company Set to Join S&P 500; EPAM Systems and Dave to Join S&P SmallCap 600
• Neutral Sentiment: Additional market commentary described FedEx as a long-term momentum stock, reflecting broader investor interest but offering no new fundamental catalyst. Why FedEx (FDX) is a Top Momentum Stock for the Long-Term
• Neutral Sentiment: FedEx also continued to receive positive press around its logistics footprint and brand, but these items are not major stock-moving news by themselves. Delivering History: FedEx Brings Millions of Years of the Past to the Present

FedEx Trading Up 2.8%

NYSE FDX opened at $411.29 on Thursday. FedEx Corporation has a one year low of $214.82 and a one year high of $413.70. The company has a 50-day simple moving average of $374.01 and a 200-day simple moving average of $336.46. 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 capitalization of $98.14 billion, a PE ratio of 21.89, a price-to-earnings-growth ratio of 1.52 and a beta of 1.29.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Thursday, March 19th. The shipping service provider reported $5.25 EPS for the quarter, beating the consensus estimate of $4.12 by $1.13. FedEx had a net margin of 4.88% and a return on equity of 16.76%. The business had revenue of $24 billion during the quarter, compared to analyst estimates of $23.44 billion. During the same period in the previous year, the business posted $4.51 EPS. The company’s quarterly revenue was up 8.3% on a year-over-year basis. On average, equities analysts forecast that FedEx Corporation will post 19.72 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Wolfe Research decreased their price objective on shares of FedEx from $427.00 to $423.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. HSBC raised FedEx from a “reduce” rating to a “hold” rating and set a $360.00 price objective for the company in a report on Friday, March 20th. Argus boosted their price objective on FedEx from $350.00 to $400.00 and gave the company a “buy” rating in a report on Monday, April 6th. Citigroup started coverage on FedEx in a report on Thursday, May 21st. They issued a “buy” rating and a $443.00 price objective for the company. Finally, Stephens reissued an “overweight” rating and issued a $435.00 price objective on shares of FedEx in a report on Tuesday, April 14th. Eighteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $400.69.

FedEx Company 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.