L & S Advisors Inc Invests $3.53 Million in FedEx Corporation $FDX

L & S Advisors Inc purchased a new position in shares of FedEx Corporation (NYSE:FDX) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 12,225 shares of the shipping service provider’s stock, valued at approximately $3,531,000.

Other large investors have also recently added to or reduced their stakes in the company. Ulland Investment Advisors LLC purchased a new position in FedEx in the 4th quarter valued at about $29,000. ORG Partners LLC lifted its holdings in shares of FedEx by 50.0% during the 4th quarter. ORG Partners LLC now owns 105 shares of the shipping service provider’s stock worth $30,000 after acquiring an additional 35 shares during the period. Camelot Portfolios LLC purchased a new position in shares of FedEx during the 4th quarter worth about $31,000. Grey Fox Wealth Advisors LLC purchased a new position in shares of FedEx during the 3rd quarter worth about $27,000. Finally, Wealth Watch Advisors INC purchased a new position in shares of FedEx during the 3rd quarter worth about $28,000. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Trading Down 1.1%

NYSE FDX opened at $375.99 on Friday. FedEx Corporation has a one year low of $214.35 and a one year high of $404.03. The company’s 50 day moving average price is $369.04 and its 200 day moving average price is $328.17. 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 $89.71 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 1.42 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 firm had revenue of $24 billion for the quarter, compared to analyst estimates of $23.44 billion. During the same quarter last year, the firm posted $4.51 earnings per share. FedEx’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, sell-side analysts predict that FedEx Corporation will post 19.72 EPS for the current year.

Insider Buying and Selling at FedEx

In other FedEx news, Director Susan C. Schwab sold 5,795 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $369.00, for a total value of $2,138,355.00. Following the completion of the sale, the director 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gina F. Adams sold 20,450 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 19,403 shares of the company’s stock, valued at $7,110,229.35. This trade represents a 51.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 48,104 shares of company stock worth $17,599,006. 0.53% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FDX. Morgan Stanley increased their price objective on shares of FedEx from $220.00 to $230.00 and gave the stock an “underweight” rating in a report on Friday, March 20th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of FedEx in a report on Tuesday, May 12th. 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. Argus increased their price objective on shares of FedEx from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Monday, April 6th. Finally, Wall Street Zen lowered shares of FedEx from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 12th. Eighteen analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, FedEx presently has an average rating of “Moderate Buy” and a consensus price target of $398.04.

About FedEx

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.