FedEx Co. (FDX) Shares Sold by Ballentine Partners LLC

Ballentine Partners LLC cut its stake in FedEx Co. (NYSE:FDX) by 3.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,492 shares of the shipping service provider’s stock after selling 226 shares during the period. Ballentine Partners LLC’s holdings in FedEx were worth $1,047,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. R.M.SINCERBEAUX Capital Management LLC lifted its holdings in FedEx by 215.2% in the fourth quarter. R.M.SINCERBEAUX Capital Management LLC now owns 20,175 shares of the shipping service provider’s stock worth $3,255,000 after buying an additional 13,775 shares during the period. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD purchased a new position in shares of FedEx during the fourth quarter valued at approximately $3,666,000. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD purchased a new position in shares of FedEx during the fourth quarter valued at approximately $1,346,000. M&T Bank Corp lifted its holdings in shares of FedEx by 0.8% during the fourth quarter. M&T Bank Corp now owns 187,782 shares of the shipping service provider’s stock valued at $30,295,000 after purchasing an additional 1,466 shares during the last quarter. Finally, LS Investment Advisors LLC lifted its holdings in shares of FedEx by 1.3% during the fourth quarter. LS Investment Advisors LLC now owns 5,801 shares of the shipping service provider’s stock valued at $936,000 after purchasing an additional 74 shares during the last quarter. Institutional investors and hedge funds own 77.98% of the company’s stock.

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Shares of NYSE FDX opened at $185.62 on Thursday. FedEx Co. has a twelve month low of $150.94 and a twelve month high of $266.67. The company has a market capitalization of $48.61 billion, a P/E ratio of 12.12, a PEG ratio of 0.87 and a beta of 1.60. The company has a quick ratio of 1.36, a current ratio of 1.42 and a debt-to-equity ratio of 0.85.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Tuesday, December 18th. The shipping service provider reported $4.03 earnings per share for the quarter, missing analysts’ consensus estimates of $4.05 by ($0.02). FedEx had a return on equity of 24.11% and a net margin of 7.23%. The firm had revenue of $17.82 billion during the quarter, compared to analysts’ expectations of $17.71 billion. During the same quarter in the previous year, the firm earned $3.18 earnings per share. Sell-side analysts expect that FedEx Co. will post 15.92 earnings per share for the current fiscal year.

In related news, VP John L. Merino sold 2,300 shares of the business’s stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $182.24, for a total value of $419,152.00. Following the completion of the transaction, the vice president now directly owns 30,185 shares in the company, valued at approximately $5,500,914.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David P. Steiner acquired 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 2nd. The stock was purchased at an average price of $162.92 per share, with a total value of $1,140,440.00. Following the completion of the acquisition, the director now owns 25,994 shares in the company, valued at $4,234,942.48. The disclosure for this purchase can be found here. 8.50% of the stock is owned by insiders.

FDX has been the subject of several recent research reports. Daiwa Capital Markets set a $190.00 target price on shares of FedEx and gave the company a “buy” rating in a report on Thursday, December 20th. Zacks Investment Research upgraded shares of FedEx from a “sell” rating to a “hold” rating in a report on Monday, December 3rd. BMO Capital Markets lowered their target price on shares of FedEx to $245.00 and set an “outperform” rating for the company in a report on Wednesday, December 19th. They noted that the move was a valuation call. ValuEngine upgraded shares of FedEx from a “strong sell” rating to a “sell” rating in a report on Wednesday, December 26th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and set a $233.00 target price on shares of FedEx in a report on Monday, December 24th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $237.75.

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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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