Toronto Dominion Bank Boosts Position in FedEx Corporation (FDX)

Toronto Dominion Bank boosted its holdings in FedEx Corporation (NYSE:FDX) by 24.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 86,228 shares of the shipping service provider’s stock after buying an additional 17,021 shares during the period. Toronto Dominion Bank’s holdings in FedEx Corporation were worth $18,738,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FDX. Cipher Capital LP raised its holdings in FedEx Corporation by 25.1% in the first quarter. Cipher Capital LP now owns 29,913 shares of the shipping service provider’s stock valued at $5,838,000 after buying an additional 6,005 shares during the period. Atlantic Trust Group LLC grew its position in FedEx Corporation by 43.5% in the first quarter. Atlantic Trust Group LLC now owns 45,095 shares of the shipping service provider’s stock valued at $8,800,000 after acquiring an additional 13,663 shares in the last quarter. Arizona State Retirement System grew its position 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 in the last quarter. Blair William & Co. IL grew its position 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 in the last quarter. Finally, American International Group Inc. grew its position 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 in the last quarter. Hedge funds and other institutional investors own 76.22% of the company’s stock.

Several analysts have issued reports on FDX shares. Citigroup Inc. reaffirmed a “buy” rating and issued a $235.00 price objective on shares of FedEx Corporation in a research report on Thursday, September 14th. Robert W. Baird reaffirmed a “buy” rating and issued a $235.00 price objective on shares of FedEx Corporation in a research report on Tuesday, September 12th. Cowen and Company reaffirmed a “buy” rating and issued a $240.00 price objective on shares of FedEx Corporation in a research report on Tuesday, September 12th. BMO Capital Markets reaffirmed a “buy” rating and issued a $245.00 price objective on shares of FedEx Corporation in a research report on Wednesday, September 6th. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $237.00 price objective on shares of FedEx Corporation in a research report on Monday, August 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-three have given a buy rating to the company’s stock. FedEx Corporation has a consensus rating of “Buy” and a consensus price target of $230.21.

Shares of FedEx Corporation (NYSE:FDX) opened at $219.94 on Wednesday. The company has a quick ratio of 1.57, a current ratio of 1.63 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $59,375.95, a price-to-earnings ratio of 18.59, a price-to-earnings-growth ratio of 1.39 and a beta of 1.37. FedEx Corporation has a one year low of $182.75 and a one year high of $231.35.

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

In related news, insider Henry J. Maier sold 11,150 shares of FedEx Corporation 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 sale, the insider now directly owns 36,747 shares in the company, valued at $8,395,219.62. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Kim Jabal sold 3,980 shares of FedEx Corporation stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $225.55, for a total transaction of $897,689.00. Following the sale, 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 sold 40,094 shares of company stock worth $9,024,637 over the last quarter. 8.45% of the stock is currently owned by company insiders.

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FedEx Corporation Company Profile

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)

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