FedEx Corporation $FDX Shares Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. cut its stake in shares of FedEx Corporation (NYSE:FDX) by 87.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,571 shares of the shipping service provider’s stock after selling 18,179 shares during the period. Jefferies Financial Group Inc.’s holdings in FedEx were worth $743,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in FDX. Mirae Asset Global Investments Co. Ltd. raised its position in shares of FedEx by 11.2% in the third 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 buying an additional 3,514 shares during the last quarter. Savant Capital LLC raised its position in shares of FedEx by 32.5% in the third quarter. Savant Capital LLC now owns 40,019 shares of the shipping service provider’s stock valued at $9,437,000 after buying an additional 9,806 shares during the last quarter. National Pension Service raised its position in shares of FedEx by 3.9% in the third quarter. National Pension Service now owns 633,376 shares of the shipping service provider’s stock valued at $149,356,000 after buying an additional 23,563 shares during the last quarter. Diamond Hill Capital Management Inc. acquired a new stake in shares of FedEx in the third quarter valued at about $171,960,000. Finally, Applied Finance Capital Management LLC acquired a new stake in shares of FedEx in the third quarter valued at about $727,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Tracy B. Brightman sold 16,959 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president directly owned 11,052 shares of the company’s stock, valued at approximately $4,017,070.44. The trade was a 60.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Gina F. Adams sold 20,450 shares of FedEx stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $366.45, for a total transaction of $7,493,902.50. Following the completion of the transaction, the executive vice president owned 19,403 shares of the company’s stock, valued at $7,110,229.35. This represents a 51.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 48,104 shares of company stock worth $17,599,006 over the last 90 days. 0.53% of the stock is currently owned by company insiders.

More FedEx News

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx Freight’s spinoff is set to go live on June 1, and Wall Street commentary suggests the separation could unlock value for FedEx’s remaining business by sharpening its focus and simplifying the investment case. FedEx Freight (FDXF) Spinoff Goes Live June 1: Everything You Need to Know
• Positive Sentiment: JPMorgan reportedly turned constructive on FedEx ahead of the spinoff, saying the transaction could unlock more value for the parent company and supporting the stock as a buy idea. FedEx is a buy as freight business spinoff approaches, JPMorgan says
• Positive Sentiment: The new FedEx Freight company is expected to join major indexes quickly, including the S&P 500 and Dow Jones Transportation Average, which could create automatic index-related demand for the spun-off shares and reinforce investor attention on the separation. FedEx Freight Holding Set to Join Dow Jones Transportation Average
• Neutral Sentiment: Market coverage is also highlighting upcoming earnings and valuation debate around FedEx, with investors weighing whether the stock’s recent momentum can continue after the corporate restructuring.

FedEx Trading Up 0.2%

Shares of FDX stock opened at $412.11 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 firm has a market cap of $98.33 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 1.57 and a beta of 1.29. The company has a 50-day moving average of $376.41 and a two-hundred day moving average of $338.03. FedEx Corporation has a 1-year low of $214.82 and a 1-year high of $413.87.

FedEx (NYSE:FDX) last posted its quarterly earnings data 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 business had revenue of $24 billion during the quarter, compared to analyst estimates of $23.44 billion. During the same quarter last year, the firm posted $4.51 earnings per share. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, analysts predict that FedEx Corporation will post 19.63 EPS for the current year.

Wall Street Analyst Weigh In

FDX has been the subject of a number of recent research reports. Argus increased their target price on shares of FedEx from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Monday, April 6th. Jefferies Financial Group increased their target price on shares of FedEx from $425.00 to $450.00 and gave the company a “buy” rating in a research report on Tuesday, March 3rd. Seaport Research Partners initiated coverage on shares of FedEx in a research report on Wednesday. They issued a “buy” rating for the company. Stephens reiterated an “overweight” rating and issued a $435.00 target price on shares of FedEx in a research report on Tuesday, April 14th. Finally, Evercore cut shares of FedEx from an “outperform” rating to a “cautious” rating in a research report on Wednesday. Eighteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $400.69.

FedEx 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.