FedEx Corporation (FDX) Shares Bought by Curbstone Financial Management Corp

Curbstone Financial Management Corp increased its stake in shares of FedEx Corporation (NYSE:FDX) by 145.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,482 shares of the shipping service provider’s stock after purchasing an additional 2,063 shares during the quarter. Curbstone Financial Management Corp’s holdings in FedEx Corporation were worth $785,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FDX. Arizona State Retirement System boosted its stake in FedEx Corporation by 0.5% in the first quarter. Arizona State Retirement System now owns 60,739 shares of the shipping service provider’s stock valued at $11,853,000 after acquiring an additional 300 shares during the last quarter. Blair William & Co. IL boosted its stake in FedEx Corporation by 13.5% in the first quarter. Blair William & Co. IL now owns 17,787 shares of the shipping service provider’s stock valued at $3,447,000 after acquiring an additional 2,114 shares during the last quarter. American International Group Inc. boosted its stake in FedEx Corporation by 0.4% in the first quarter. American International Group Inc. now owns 76,053 shares of the shipping service provider’s stock valued at $14,842,000 after acquiring an additional 323 shares during the last quarter. Concert Wealth Management Inc. boosted its stake in FedEx Corporation by 6.1% in the first quarter. Concert Wealth Management Inc. now owns 4,667 shares of the shipping service provider’s stock valued at $870,000 after acquiring an additional 269 shares during the last quarter. Finally, Cibc World Markets Corp boosted its stake in FedEx Corporation by 52.2% in the first quarter. Cibc World Markets Corp now owns 25,587 shares of the shipping service provider’s stock valued at $4,993,000 after acquiring an additional 8,777 shares during the last quarter. 76.22% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: This report was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another domain, it was illegally copied and reposted in violation of US & international copyright & trademark law. The correct version of this report can be accessed at https://ledgergazette.com/2017/11/16/fedex-corporation-fdx-shares-bought-by-curbstone-financial-management-corp.html.

Shares of FedEx Corporation (NYSE:FDX) opened at $214.45 on Thursday. 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 $182.75 and a 52 week high of $231.35. The stock has a market cap of $57,500.00, a price-to-earnings ratio of 18.47, a price-to-earnings-growth ratio of 1.38 and a beta of 1.37.

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

A number of equities analysts have issued reports on FDX shares. BidaskClub cut shares of FedEx Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Credit Suisse Group reaffirmed a “buy” rating and issued a $237.00 price objective on shares of FedEx Corporation in a research note on Monday, August 7th. Cowen and Company reaffirmed a “buy” rating and issued a $240.00 price objective on shares of FedEx Corporation in a research note on Thursday, August 10th. Stifel Nicolaus reaffirmed a “neutral” rating on shares of FedEx Corporation in a research note on Wednesday, August 16th. Finally, Zacks Investment Research cut shares of FedEx Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $230.21.

In other news, insider Henry J. Maier sold 11,150 shares of the business’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $228.46, for a total transaction of $2,547,329.00. Following the transaction, the insider now directly owns 36,747 shares in the company, valued at approximately $8,395,219.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kim Jabal sold 3,980 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $225.55, for a total transaction of $897,689.00. Following the transaction, the director now owns 6,080 shares in the company, valued at $1,371,344. The disclosure for this sale can be found here. Insiders have sold a total of 40,094 shares of company stock worth $9,024,637 over the last 90 days. 8.45% of the stock is owned by company insiders.

About FedEx Corporation

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.

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