GRATRY & Co LLC Acquires New Position in FedEx Corporation (FDX)

GRATRY & Co LLC acquired a new stake in shares of FedEx Corporation (NYSE:FDX) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,240 shares of the shipping service provider’s stock, valued at approximately $269,000.

Other hedge funds have also recently bought and sold shares of the company. Salem Investment Counselors Inc. lifted its position in shares of FedEx Corporation by 2.8% in the second quarter. Salem Investment Counselors Inc. now owns 479 shares of the shipping service provider’s stock worth $104,000 after purchasing an additional 13 shares in the last quarter. Riggs Asset Managment Co. Inc. lifted its position in shares of FedEx Corporation by 163.0% in the second quarter. Riggs Asset Managment Co. Inc. now owns 484 shares of the shipping service provider’s stock worth $105,000 after purchasing an additional 300 shares in the last quarter. Cribstone Capital Management LLC lifted its position in shares of FedEx Corporation by 1.2% in the second quarter. Cribstone Capital Management LLC now owns 489 shares of the shipping service provider’s stock worth $107,000 after purchasing an additional 6 shares in the last quarter. Krilogy Financial LLC lifted its position in shares of FedEx Corporation by 0.4% in the second quarter. Krilogy Financial LLC now owns 511 shares of the shipping service provider’s stock worth $111,000 after purchasing an additional 2 shares in the last quarter. Finally, FNY Managed Accounts LLC purchased a new stake in shares of FedEx Corporation in the first quarter worth approximately $100,000. 76.22% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION WARNING: This story was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another site, it was illegally copied and reposted in violation of United States and international trademark & copyright legislation. The original version of this story can be accessed at https://ledgergazette.com/2017/11/13/gratry-co-llc-acquires-new-position-in-fedex-corporation-fdx.html.

A number of research firms have recently issued reports on FDX. Goldman Sachs Group, Inc. (The) began coverage on shares of FedEx Corporation in a research report on Monday. They issued a “buy” rating for the company. Zacks Investment Research raised shares of FedEx Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $236.00 price target on shares of FedEx Corporation in a research report on Friday, October 20th. Cowen and Company reissued an “outperform” rating and issued a $240.00 price target on shares of FedEx Corporation in a research report on Friday, October 13th. Finally, J P Morgan Chase & Co increased their price target on shares of FedEx Corporation from $237.00 to $264.00 and gave the stock an “overweight” rating in a research report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-three have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $228.56.

Shares of FedEx Corporation (NYSE:FDX) opened at $218.15 on Monday. The stock has a market cap of $58,496.42, a price-to-earnings ratio of 18.32, a PEG ratio of 1.37 and a beta of 1.37. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.63 and a quick ratio of 1.57. FedEx Corporation has a 52 week low of $182.11 and a 52 week high of $231.35.

FedEx Corporation (NYSE:FDX) last issued its earnings results on Tuesday, September 19th. The shipping service provider reported $2.51 EPS for the quarter, missing the consensus estimate of $3.17 by ($0.66). The firm had revenue of $15.30 billion during the quarter, compared to the consensus estimate of $15.35 billion. FedEx Corporation had a return on equity of 20.69% and a net margin of 4.72%. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the business earned $2.90 earnings per share. research analysts expect that FedEx Corporation will post 12.47 EPS for the current year.

In related news, Director Kim Jabal sold 3,980 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $225.55, for a total value of $897,689.00. Following the completion of the transaction, the director now directly owns 6,080 shares of the company’s stock, valued at $1,371,344. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Donald F. Colleran sold 10,000 shares of the firm’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $220.00, for a total value of $2,200,000.00. Following the completion of the transaction, the executive vice president now directly owns 30,499 shares of the company’s stock, valued at $6,709,780. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,094 shares of company stock valued at $9,024,637. 8.45% of the stock is owned by company insiders.

FedEx Corporation Company Profile

FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.

Want to see what other hedge funds are holding FDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FedEx Corporation (NYSE:FDX).

Institutional Ownership by Quarter for FedEx Corporation (NYSE:FDX)

Receive News & Ratings for FedEx Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedEx Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply