North Star Asset Management Inc. Has $3.85 Million Stake in FedEx Corporation $FDX

North Star Asset Management Inc. trimmed its stake in shares of FedEx Corporation (NYSE:FDX) by 11.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 13,341 shares of the shipping service provider’s stock after selling 1,683 shares during the period. North Star Asset Management Inc.’s holdings in FedEx were worth $3,854,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of FDX. Brighton Jones LLC lifted its position in shares of FedEx by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock worth $514,000 after purchasing an additional 207 shares in the last quarter. Empowered Funds LLC lifted its position in shares of FedEx by 78.9% during the first quarter. Empowered Funds LLC now owns 10,311 shares of the shipping service provider’s stock worth $2,514,000 after purchasing an additional 4,548 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in shares of FedEx during the second quarter worth approximately $586,000. Quantbot Technologies LP acquired a new position in shares of FedEx during the second quarter worth approximately $186,000. Finally, Jump Financial LLC acquired a new position in shares of FedEx during the second quarter worth approximately $456,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Barclays reaffirmed its Buy rating on FedEx, and Citi also initiated/maintained a bullish stance with a $443 price target, reinforcing expectations for further upside. FedEx Barclays reiterates its buy rating
• Positive Sentiment: UBS said FedEx has potential upside from margin improvement, suggesting profitability trends could support a higher valuation. FedEx Facing Potential Upside Backed by Margin Improvement, UBS Securities Says
• Positive Sentiment: FedEx-led consortium’s $9 billion bid for InPost is moving forward, with the tender offer window opening May 26, signaling continued strategic expansion in European parcel logistics. FedEx-Led $9 Billion Buyout Offer Window For Polish Parcel Firm InPost Opens May-End
• Positive Sentiment: FedEx is also among large U.S. companies seeking tariff refunds, which could provide a modest cash-flow benefit if successful. Trump said he’d ‘remember’ companies that didn’t apply for tariff refunds. Many of them are anyway
• Neutral Sentiment: Analyst and value-stock commentary continues to frame FedEx as a long-term market favorite, but these articles are mostly supportive rather than catalysts on their own. What Are Wall Street Analysts’ Target Price for FedEx Stock?

FedEx Trading Up 1.4%

FDX opened at $394.18 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.47 and a quick ratio of 1.44. The company has a market cap of $94.05 billion, a price-to-earnings ratio of 20.98, a price-to-earnings-growth ratio of 1.49 and a beta of 1.29. The firm has a 50 day simple moving average of $371.05 and a 200 day simple moving average of $332.81. FedEx Corporation has a fifty-two week low of $214.35 and a fifty-two week high of $404.03.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $23.44 billion. During the same period in the previous 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 anticipate that FedEx Corporation will post 19.72 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Jefferies Financial Group upped their target price 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. Raymond James Financial boosted their price target on shares of FedEx from $305.00 to $410.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. BMO Capital Markets boosted their price target on shares of FedEx from $400.00 to $410.00 and gave the stock a “market perform” rating in a research note on Friday, March 20th. Bank of America boosted their price target on shares of FedEx from $431.00 to $440.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. Finally, Citigroup initiated coverage on shares of FedEx in a research note on Thursday. They set a “buy” rating and a $443.00 price target for the company. Eighteen research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $399.62.

Insider Activity

In other FedEx news, EVP Gina F. Adams sold 20,450 shares of the stock in a transaction on 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 sale, the executive vice president directly owned 19,403 shares in the company, valued at approximately $7,110,229.35. This trade represents a 51.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Tracy B. Brightman sold 16,959 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $363.47, for a total transaction of $6,164,087.73. Following the completion of the sale, the executive vice president owned 11,052 shares in the company, valued at approximately $4,017,070.44. This trade represents a 60.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 48,104 shares of company stock valued at $17,599,006. 0.53% of the stock is currently owned by company insiders.

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.