PBU The Pension Fund of Early Childhood & Youth Educators Acquires Shares of 3,898 FedEx Corporation $FDX

PBU The Pension Fund of Early Childhood & Youth Educators acquired a new stake in FedEx Corporation (NYSE:FDX) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 3,898 shares of the shipping service provider’s stock, valued at approximately $1,126,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LRI Investments LLC lifted its stake in FedEx by 5.2% in 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 lifted its stake in FedEx by 11.9% in 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 lifted its stake in FedEx by 33.0% in 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 holdings in shares of FedEx by 8.2% in 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 holdings in shares of FedEx by 50.0% in 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. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Key FedEx News

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx Freight’s debut as a separate company drew fresh analyst coverage and upbeat commentary, with some observers calling it a potential “true winner” and a catalyst for value creation at FedEx. FedEx Freight Stock (FDXF) Soars on Fresh Analyst Coverage
• Positive Sentiment: Analysts and market commentators said the spinoff may help FedEx streamline operations and fully launch its Network 2.0 initiative, which could improve margins and long-term earnings power. Is FedEx a Buy Following Its FedEx Freight Spinoff?
• Positive Sentiment: Jim Cramer highlighted the new breakup of FedEx as a long-awaited move that could be viewed favorably by investors looking for a cleaner, more focused company structure. Why Jim Cramer Says Newly Public FedEx Freight Stock Could Be a ‘True Winner’
• Neutral Sentiment: FedEx has recently outperformed some industrial peers, but commentary remains mixed, with valuation concerns and conflicting analyst views keeping enthusiasm in check. FedEx Stock: Is FDX Outperforming the Industrial Sector?
• Negative Sentiment: One FreightWaves report said a FedEx partner airline may face service risk on Caribbean routes without an FAA waiver, which could raise operational uncertainty for parts of the cargo network. FedEx partner airline says Caribbean service at risk without FAA waiver

Wall Street Analysts Forecast Growth

FDX has been the subject of a number of research reports. Evercore cut shares of FedEx from an “outperform” rating to a “cautious” rating in a report on Wednesday, May 27th. Weiss Ratings cut shares of FedEx from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday. TD Cowen upped their target price on shares of FedEx from $383.00 to $426.00 and gave the company a “buy” rating in a report on Friday, March 20th. Wolfe Research reduced their target price on shares of FedEx from $427.00 to $423.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. Finally, The Goldman Sachs Group cut their price target on FedEx from $405.00 to $375.00 and set a “buy” rating for the company in a research note on Monday, June 1st. Eighteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $372.41.

FedEx Price Performance

FedEx stock opened at $331.59 on Friday. FedEx Corporation has a 12 month low of $172.88 and a 12 month high of $341.14. 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 business has a 50 day simple moving average of $373.71 and a 200-day simple moving average of $340.31. The stock has a market capitalization of $79.12 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 1.51 and a beta of 1.28.

FedEx (NYSE:FDX) last released its quarterly earnings results on Thursday, March 19th. The shipping service provider reported $5.25 EPS for the quarter, topping the consensus estimate of $4.12 by $1.13. FedEx had a return on equity of 16.76% and a net margin of 4.88%.The business had revenue of $24 billion during the quarter, compared to analysts’ expectations of $23.44 billion. During the same quarter in the prior year, the business earned $4.51 earnings per share. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. Equities analysts predict that FedEx Corporation will post 19.72 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Susan C. Schwab sold 5,795 shares of the company’s stock in a transaction that occurred on 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 owned 10,038 shares in the company, valued at $3,704,022. This represents a 36.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 value of $6,164,087.73. Following the completion of the transaction, the executive vice president owned 11,052 shares of the company’s stock, valued at $4,017,070.44. The trade was a 60.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 48,104 shares of company stock worth $17,599,006 over the last three months. 0.53% of the stock is owned by company insiders.

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.