FedEx Co. (NYSE:FDX) Shares Sold by Csenge Advisory Group

Csenge Advisory Group lowered its position in shares of FedEx Co. (NYSE:FDX – Get Rating) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,646 shares of the shipping service provider’s stock after selling 117 shares during the quarter. Csenge Advisory Group’s holdings in FedEx were worth $1,091,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in FedEx by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 3,909,705 shares of the shipping service provider’s stock valued at $854,771,000 after purchasing an additional 236,940 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of FedEx by 1.5% in the third quarter. Dimensional Fund Advisors LP now owns 2,372,731 shares of the shipping service provider’s stock worth $520,369,000 after buying an additional 35,351 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of FedEx by 34.8% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,261,999 shares of the shipping service provider’s stock worth $496,034,000 after buying an additional 583,900 shares in the last quarter. Morgan Stanley boosted its position in FedEx by 0.9% during the third quarter. Morgan Stanley now owns 1,877,642 shares of the shipping service provider’s stock worth $411,750,000 after acquiring an additional 17,500 shares during the last quarter. Finally, Invesco Ltd. grew its stake in FedEx by 6.1% during the 3rd quarter. Invesco Ltd. now owns 1,589,016 shares of the shipping service provider’s stock valued at $348,455,000 after acquiring an additional 91,955 shares in the last quarter. Institutional investors and hedge funds own 79.92% of the company’s stock.

A number of equities research analysts have recently issued reports on FDX shares. Wells Fargo & Company dropped their price target on FedEx from $314.00 to $277.00 and set an “overweight” rating for the company in a research report on Friday, March 18th. StockNews.com raised shares of FedEx from a “buy” rating to a “strong-buy” rating in a research report on Friday. Credit Suisse Group set a $294.00 target price on shares of FedEx in a research note on Friday, March 18th. Morgan Stanley reduced their price target on shares of FedEx from $260.00 to $250.00 and set an “equal weight” rating on the stock in a research report on Friday, March 18th. Finally, The Goldman Sachs Group set a $343.00 target price on FedEx in a research report on Monday, January 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $299.55.

In related news, Director Paul S. Walsh sold 3,720 shares of the business’s stock in a transaction on Thursday, April 14th. The shares were sold at an average price of $206.42, for a total transaction of $767,882.40. Following the completion of the transaction, the director now owns 14,000 shares in the company, valued at $2,889,880. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 8.16% of the company’s stock.

NYSE:FDX traded up $8.41 during midday trading on Tuesday, reaching $218.13. The company had a trading volume of 62,229 shares, compared to its average volume of 2,154,391. FedEx Co. has a 12-month low of $192.82 and a 12-month high of $319.90. The firm has a market capitalization of $56.53 billion, a price-to-earnings ratio of 11.01, a PEG ratio of 0.86 and a beta of 1.32. The company has a current ratio of 1.39, a quick ratio of 1.35 and a debt-to-equity ratio of 0.83. The stock’s fifty day simple moving average is $212.62 and its 200-day simple moving average is $231.96.

FedEx (NYSE:FDX – Get Rating) last announced its quarterly earnings data on Thursday, March 17th. The shipping service provider reported $4.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.69 by ($0.10). FedEx had a net margin of 5.60% and a return on equity of 20.67%. The company had revenue of $23.64 billion during the quarter, compared to analysts’ expectations of $23.33 billion. During the same quarter in the previous year, the business posted $3.47 EPS. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. As a group, sell-side analysts expect that FedEx Co. will post 20.56 EPS for the current year.

FedEx Profile (Get Rating)

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. The company's FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; time-critical transportation services; and cross-border e-commerce technology and e-commerce transportation solutions.

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