FedEx Co. (NYSE:FDX) Shares Purchased by Naples Global Advisors LLC

Naples Global Advisors LLC raised its position in FedEx Co. (NYSE:FDX) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,869 shares of the shipping service provider’s stock after acquiring an additional 85 shares during the quarter. Naples Global Advisors LLC’s holdings in FedEx were worth $1,093,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Virtu Financial LLC acquired a new position in shares of FedEx in the third quarter valued at approximately $3,405,000. Wedmont Private Capital lifted its holdings in FedEx by 4.1% during the 4th quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider’s stock worth $631,000 after buying an additional 91 shares in the last quarter. GFS Advisors LLC purchased a new position in FedEx in the 4th quarter valued at approximately $26,855,000. Persium Advisors LLC acquired a new position in shares of FedEx in the fourth quarter worth $530,000. Finally, Assenagon Asset Management S.A. increased its position in shares of FedEx by 137.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 227,965 shares of the shipping service provider’s stock worth $64,133,000 after acquiring an additional 132,036 shares during the period. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Amy B. Lane purchased 333 shares of the business’s stock in a transaction dated Thursday, December 26th. The stock was acquired at an average price of $276.06 per share, for a total transaction of $91,927.98. Following the completion of the purchase, the director now directly owns 333 shares of the company’s stock, valued at $91,927.98. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Susan C. Schwab sold 3,980 shares of FedEx stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total transaction of $1,100,271.00. Following the completion of the transaction, the director now owns 8,904 shares in the company, valued at approximately $2,461,510.80. This trade represents a 30.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 8.87% of the company’s stock.

Wall Street Analyst Weigh In

FDX has been the subject of a number of recent research reports. Stifel Nicolaus decreased their target price on FedEx from $368.00 to $364.00 and set a “buy” rating for the company in a report on Thursday, January 23rd. BNP Paribas raised FedEx from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, January 16th. Bank of America upped their target price on shares of FedEx from $325.00 to $348.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. JPMorgan Chase & Co. lifted their price target on shares of FedEx from $370.00 to $372.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Finally, Raymond James increased their price objective on shares of FedEx from $305.00 to $320.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, FedEx presently has an average rating of “Moderate Buy” and an average price target of $321.87.

FedEx Trading Up 0.2 %

FDX opened at $263.30 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73. FedEx Co. has a 52 week low of $234.45 and a 52 week high of $313.84. The business’s 50 day moving average is $272.98 and its two-hundred day moving average is $279.56. The firm has a market cap of $63.41 billion, a price-to-earnings ratio of 16.78, a price-to-earnings-growth ratio of 1.07 and a beta of 1.18.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, beating analysts’ consensus estimates of $3.88 by $0.17. The business had revenue of $22 billion for the quarter, compared to analysts’ expectations of $22.14 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The company’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the previous year, the company posted $3.99 EPS. On average, research analysts predict that FedEx Co. will post 19.14 EPS for the current year.

About FedEx

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.