Candriam Luxembourg S.C.A. Boosts Holdings in FedEx Co. (FDX)

Candriam Luxembourg S.C.A. grew its holdings in shares of FedEx Co. (NYSE:FDX) by 6.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 91,766 shares of the shipping service provider’s stock after acquiring an additional 5,836 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in FedEx were worth $22,899,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of FDX. Jennison Associates LLC raised its stake in shares of FedEx by 47.4% during the fourth quarter. Jennison Associates LLC now owns 3,687,689 shares of the shipping service provider’s stock worth $920,226,000 after acquiring an additional 1,185,447 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of FedEx by 381.6% in the second quarter. Janus Henderson Group PLC now owns 883,117 shares of the shipping service provider’s stock worth $191,934,000 after buying an additional 699,728 shares during the period. Jackson Square Partners LLC increased its stake in shares of FedEx by 28.7% in the second quarter. Jackson Square Partners LLC now owns 2,905,839 shares of the shipping service provider’s stock worth $631,525,000 after buying an additional 647,401 shares during the period. Winslow Capital Management LLC purchased a new position in shares of FedEx in the second quarter worth $138,993,000. Finally, TIAA CREF Investment Management LLC increased its stake in shares of FedEx by 41.1% in the second quarter. TIAA CREF Investment Management LLC now owns 1,969,884 shares of the shipping service provider’s stock worth $428,115,000 after buying an additional 573,392 shares during the period. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director David P. Steiner sold 3,016 shares of the business’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $266.05, for a total transaction of $802,406.80. Following the sale, the director now owns 16,040 shares in the company, valued at approximately $4,267,442. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Robert B. Carter sold 3,970 shares of the business’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $250.73, for a total transaction of $995,398.10. Following the sale, the executive vice president now owns 187,025 shares in the company, valued at approximately $46,892,778.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 53,541 shares of company stock worth $13,692,142. Company insiders own 8.45% of the company’s stock.

Several research analysts recently commented on the stock. Zacks Investment Research raised shares of FedEx from a “hold” rating to a “strong-buy” rating and set a $310.00 target price on the stock in a research note on Thursday, January 18th. Bank of America reaffirmed a “buy” rating and issued a $315.00 target price on shares of FedEx in a research note on Friday, January 12th. BMO Capital Markets reaffirmed a “buy” rating and issued a $300.00 target price on shares of FedEx in a research note on Monday, January 8th. Robert W. Baird reaffirmed a “buy” rating and issued a $280.00 target price on shares of FedEx in a research note on Tuesday, January 9th. Finally, UBS Group raised shares of FedEx from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $264.00 to $302.00 in a research note on Friday, January 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $272.69.

FedEx Co. (FDX) opened at $240.82 on Thursday. The company has a current ratio of 1.57, a quick ratio of 1.50 and a debt-to-equity ratio of 0.89. The stock has a market cap of $64,379.23, a price-to-earnings ratio of 19.55, a price-to-earnings-growth ratio of 1.40 and a beta of 1.30. FedEx Co. has a 1 year low of $182.89 and a 1 year high of $274.66.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Tuesday, December 19th. The shipping service provider reported $3.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.89 by $0.29. The business had revenue of $16.30 billion for the quarter, compared to the consensus estimate of $15.67 billion. FedEx had a net margin of 4.74% and a return on equity of 20.56%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.80 EPS. equities research analysts predict that FedEx Co. will post 13.45 earnings per share for the current year.

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FedEx 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 (NYSE:FDX)

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