FedEx Corporation $FDX Shares Bought by Canada Post Corp Registered Pension Plan

Canada Post Corp Registered Pension Plan grew its holdings in shares of FedEx Corporation (NYSE:FDX) by 85.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,792 shares of the shipping service provider’s stock after acquiring an additional 3,138 shares during the period. Canada Post Corp Registered Pension Plan’s holdings in FedEx were worth $1,962,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of FedEx by 11.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,958 shares of the shipping service provider’s stock valued at $8,243,000 after acquiring an additional 3,514 shares during the last quarter. Savant Capital LLC lifted its stake in shares of FedEx by 32.5% in the 3rd quarter. Savant Capital LLC now owns 40,019 shares of the shipping service provider’s stock valued at $9,437,000 after acquiring an additional 9,806 shares during the last quarter. National Pension Service lifted its stake in shares of FedEx by 3.9% in the 3rd quarter. National Pension Service now owns 633,376 shares of the shipping service provider’s stock valued at $149,356,000 after acquiring an additional 23,563 shares during the last quarter. Diamond Hill Capital Management Inc. bought a new position in shares of FedEx in the 3rd quarter valued at $171,960,000. Finally, Applied Finance Capital Management LLC bought a new position in shares of FedEx in the 3rd quarter valued at $727,000. Institutional investors own 84.47% of the company’s stock.

FedEx Stock Performance

NYSE FDX opened at $375.99 on Monday. The company 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 Corporation has a twelve month low of $214.35 and a twelve month high of $404.03. The stock has a fifty day simple moving average of $369.04 and a 200 day simple moving average of $328.74. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.77.

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. The business had revenue of $24 billion during the quarter, compared to the consensus estimate of $23.44 billion. FedEx had a return on equity of 16.76% and a net margin of 4.88%.FedEx’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the business posted $4.51 earnings per share. Sell-side analysts expect that FedEx Corporation will post 19.72 EPS for the current year.

Insider Buying and Selling

In other FedEx news, Director Susan C. Schwab sold 5,795 shares of the stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $369.00, for a total transaction of $2,138,355.00. Following the completion of the sale, the director directly owned 10,038 shares in the company, valued at approximately $3,704,022. This trade represents a 36.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Kawal Preet sold 4,900 shares of the stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $367.89, for a total value of $1,802,661.00. Following the sale, the executive vice president owned 10,953 shares of the company’s stock, valued at approximately $4,029,499.17. The trade was a 30.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 48,104 shares of company stock valued at $17,599,006. Company insiders own 0.53% of the company’s stock.

Analyst Ratings Changes

FDX has been the subject of a number of research reports. HSBC upgraded FedEx from a “reduce” rating to a “hold” rating and set a $360.00 price target for the company in a research note on Friday, March 20th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of FedEx in a research note on Tuesday, May 12th. Susquehanna increased their price target on FedEx from $410.00 to $455.00 and gave the company a “positive” rating in a research note on Friday, March 20th. UBS Group reiterated a “buy” rating on shares of FedEx in a research note on Tuesday, May 5th. Finally, BMO Capital Markets increased their price objective on FedEx from $400.00 to $410.00 and gave the company a “market perform” rating in a report on Friday, March 20th. Eighteen equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, FedEx currently has a consensus rating of “Moderate Buy” and an average target price of $398.04.

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.