Natixis Advisors LLC Raises Stake in FedEx Corporation $FDX

Natixis Advisors LLC raised its position in shares of FedEx Corporation (NYSE:FDX) by 35.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 157,795 shares of the shipping service provider’s stock after purchasing an additional 41,548 shares during the quarter. Natixis Advisors LLC’s holdings in FedEx were worth $45,581,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. LRI Investments LLC raised its position in shares of FedEx by 5.2% during 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 last quarter. Cary Street Partners Investment Advisory LLC raised its position in shares of FedEx by 11.9% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 292 shares of the shipping service provider’s stock valued at $84,000 after buying an additional 31 shares during the last quarter. Legacy Bridge LLC raised its position in shares of FedEx by 33.0% during 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 last quarter. True Wealth Design LLC raised its position in shares of FedEx by 8.2% during 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 last quarter. Finally, ORG Partners LLC raised its position in shares of FedEx by 50.0% during 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 last quarter. Institutional investors own 84.47% of the company’s stock.

FedEx Trading Down 1.3%

Shares of FDX opened at $324.78 on Thursday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.44 and a current ratio of 1.47. FedEx Corporation has a fifty-two week low of $216.10 and a fifty-two week high of $413.87. The stock has a market capitalization of $77.49 billion, a PE ratio of 17.28, a P/E/G ratio of 1.11 and a beta of 1.28. The company’s fifty day moving average is $374.86 and its 200 day moving average is $339.94.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $23.44 billion. During the same quarter in the previous year, the business posted $4.51 earnings per share. The business’s revenue was up 8.3% compared to the same quarter last year. Sell-side analysts expect that FedEx Corporation will post 19.63 earnings per share for the current fiscal year.

Insider Activity

In other FedEx news, EVP Gina F. Adams sold 20,450 shares of the business’s stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $366.45, for a total transaction of $7,493,902.50. Following the transaction, the executive vice president owned 19,403 shares in the company, valued at $7,110,229.35. The trade was a 51.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Tracy B. Brightman sold 16,959 shares of the business’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $363.47, for a total transaction of $6,164,087.73. Following the transaction, the executive vice president owned 11,052 shares in the company, valued at $4,017,070.44. This trade represents a 60.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 48,104 shares of company stock worth $17,599,006. 0.53% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Evercore cut shares of FedEx from an “outperform” rating to a “cautious” rating in a research report on Wednesday, May 27th. Morgan Stanley boosted their price target on shares of FedEx from $220.00 to $230.00 and gave the stock an “underweight” rating in a research report on Friday, March 20th. BMO Capital Markets reduced their price target on shares of FedEx from $410.00 to $340.00 and set a “market perform” rating on the stock in a research report on Monday. Jefferies Financial Group boosted their price target on shares of FedEx from $425.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. Finally, The Goldman Sachs Group reduced their price target on shares of FedEx from $405.00 to $375.00 and set a “buy” rating on the stock in a research report on Monday. Eighteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $372.41.

Key Stories Impacting FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Several pieces of commentary argue the FedEx Freight spin-off could unlock value for FedEx by creating a leaner express/ground business with better margin expansion potential and higher returns on invested capital. FedEx Unboxes Billions in Post-Spinoff Value
• Positive Sentiment: FedEx is also expected to announce another dividend increase when it reports results on June 23, which could appeal to income-focused investors. Dear Dividend Investors, Mark Your Calendars for June 23
• Positive Sentiment: Goldman Sachs reiterated a Buy rating, and Bank of America said the spin-off could improve cost savings and buyback capacity at FedEx. FedEx (FDX) Receives a Buy from Goldman Sachs

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.