FedEx Co. (FDX) Position Cut by Financial Architects Inc

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Financial Architects Inc lessened its holdings in shares of FedEx Co. (NYSE:FDX) by 60.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 354 shares of the shipping service provider’s stock after selling 546 shares during the period. Financial Architects Inc’s holdings in FedEx were worth $64,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Oregon Public Employees Retirement Fund increased its stake in FedEx by 15,104.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 14,063,136 shares of the shipping service provider’s stock worth $87,000 after acquiring an additional 13,970,642 shares during the last quarter. Norges Bank bought a new stake in FedEx in the 4th quarter worth approximately $303,958,000. Lakewood Capital Management LP increased its stake in FedEx by 102.8% in the 4th quarter. Lakewood Capital Management LP now owns 943,200 shares of the shipping service provider’s stock worth $152,166,000 after acquiring an additional 478,000 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in FedEx by 21.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,374,522 shares of the shipping service provider’s stock worth $383,063,000 after acquiring an additional 418,451 shares during the last quarter. Finally, Focused Investors LLC bought a new stake in FedEx in the 4th quarter worth approximately $66,774,000. 71.68% of the stock is currently owned by institutional investors.

In related news, CEO Frederick W. Smith sold 155,650 shares of the business’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $189.83, for a total transaction of $29,547,039.50. Following the completion of the transaction, the chief executive officer now owns 14,945,124 shares in the company, valued at approximately $2,837,032,888.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Alan B. Graf, Jr. sold 27,000 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $173.30, for a total value of $4,679,100.00. Following the transaction, the executive vice president now owns 200,320 shares of the company’s stock, valued at approximately $34,715,456. The disclosure for this sale can be found here. In the last quarter, insiders sold 185,650 shares of company stock valued at $34,751,470. Company insiders own 8.50% of the company’s stock.

Shares of FedEx stock opened at $171.86 on Thursday. The company has a market capitalization of $44.96 billion, a PE ratio of 11.23, a P/E/G ratio of 0.88 and a beta of 1.62. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.46 and a quick ratio of 1.40. FedEx Co. has a one year low of $150.94 and a one year high of $266.67.

FedEx (NYSE:FDX) last announced its earnings results on Tuesday, March 19th. The shipping service provider reported $3.03 EPS for the quarter, missing the Zacks’ consensus estimate of $3.10 by ($0.07). The company had revenue of $17.01 billion during the quarter, compared to analysts’ expectations of $17.70 billion. FedEx had a return on equity of 22.67% and a net margin of 5.25%. FedEx’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm posted $3.72 EPS. As a group, research analysts forecast that FedEx Co. will post 15.44 earnings per share for the current year.

A number of analysts have issued reports on FDX shares. Credit Suisse Group reaffirmed a “buy” rating and issued a $241.00 price objective on shares of FedEx in a research note on Monday, April 1st. Morgan Stanley reduced their price objective on FedEx from $156.00 to $148.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 20th. Berenberg Bank downgraded FedEx from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $245.00 to $200.00 in a research note on Monday, April 1st. Daiwa Capital Markets downgraded FedEx from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $187.00 to $179.00 in a research note on Thursday, March 21st. They noted that the move was a valuation call. Finally, Susquehanna Bancshares reaffirmed a “neutral” rating and issued a $174.00 price objective on shares of FedEx in a research note on Thursday, March 28th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $212.33.

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About FedEx

FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services; and consolidates and delivers low-weight and less time-sensitive business-to-consumer packages.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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