Nwam LLC Boosts Stake in FedEx Co. (NYSE:FDX)

Nwam LLC grew its stake in FedEx Co. (NYSE:FDXGet Rating) by 11.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,755 shares of the shipping service provider’s stock after buying an additional 187 shares during the period. Nwam LLC’s holdings in FedEx were worth $454,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Quadrant Private Wealth Management LLC raised its holdings in shares of FedEx by 3.3% during the third quarter. Quadrant Private Wealth Management LLC now owns 1,236 shares of the shipping service provider’s stock worth $271,000 after purchasing an additional 40 shares during the last quarter. SOA Wealth Advisors LLC. raised its holdings in shares of FedEx by 23.8% during the fourth quarter. SOA Wealth Advisors LLC. now owns 213 shares of the shipping service provider’s stock worth $55,000 after purchasing an additional 41 shares during the last quarter. Lincoln National Corp raised its holdings in shares of FedEx by 0.5% during the fourth quarter. Lincoln National Corp now owns 7,870 shares of the shipping service provider’s stock worth $2,036,000 after purchasing an additional 42 shares during the last quarter. GYL Financial Synergies LLC raised its holdings in shares of FedEx by 2.5% during the fourth quarter. GYL Financial Synergies LLC now owns 1,746 shares of the shipping service provider’s stock worth $452,000 after purchasing an additional 42 shares during the last quarter. Finally, GFG Capital LLC raised its holdings in shares of FedEx by 3.8% during the fourth quarter. GFG Capital LLC now owns 1,214 shares of the shipping service provider’s stock worth $314,000 after purchasing an additional 44 shares during the last quarter. 79.92% of the stock is owned by institutional investors and hedge funds.

In other FedEx news, Director Paul S. Walsh sold 3,720 shares of the business’s stock in a transaction that occurred 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 approximately $2,889,880. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 8.16% of the company’s stock.

Shares of FDX stock opened at $221.50 on Wednesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.35 and a current ratio of 1.39. The stock has a market capitalization of $57.41 billion, a P/E ratio of 11.63, a price-to-earnings-growth ratio of 0.86 and a beta of 1.32. The company has a 50 day moving average price of $212.72 and a 200 day moving average price of $231.89. FedEx Co. has a fifty-two week low of $192.82 and a fifty-two week high of $319.90.

FedEx (NYSE:FDXGet Rating) last posted its quarterly earnings results on Thursday, March 17th. The shipping service provider reported $4.59 EPS for the quarter, missing the consensus estimate of $4.69 by ($0.10). FedEx had a return on equity of 20.67% and a net margin of 5.60%. The firm had revenue of $23.64 billion for the quarter, compared to analyst estimates of $23.33 billion. During the same quarter last year, the firm earned $3.47 EPS. The company’s revenue was up 9.9% on a year-over-year basis. On average, research analysts forecast that FedEx Co. will post 20.56 EPS for the current fiscal year.

Several analysts recently commented on FDX shares. StockNews.com upgraded shares of FedEx from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 13th. Barclays dropped their price target on shares of FedEx from $345.00 to $320.00 in a research report on Friday, March 18th. The Goldman Sachs Group set a $343.00 target price on shares of FedEx in a research report on Monday, January 24th. Citigroup dropped their target price on shares of FedEx from $300.00 to $270.00 and set a “buy” rating on the stock in a research report on Friday, March 18th. Finally, KeyCorp dropped their target price on shares of FedEx from $325.00 to $300.00 and set an “overweight” rating on the stock in a research report on Monday, March 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, FedEx currently has an average rating of “Buy” and a consensus target price of $299.55.

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

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