Capital One National Association Trims Holdings in FedEx Co. (FDX)

Capital One National Association lowered its position in FedEx Co. (NYSE:FDX) by 10.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,569 shares of the shipping service provider’s stock after selling 314 shares during the quarter. Capital One National Association’s holdings in FedEx were worth $641,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in FDX. Jennison Associates LLC lifted its position in shares of FedEx by 47.4% in the 4th 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 during the period. Janus Henderson Group PLC lifted its position in shares of FedEx by 381.6% in the 2nd quarter. Janus Henderson Group PLC now owns 883,117 shares of the shipping service provider’s stock worth $191,934,000 after acquiring an additional 699,728 shares during the period. Jackson Square Partners LLC lifted its position in shares of FedEx by 28.7% in the 2nd quarter. Jackson Square Partners LLC now owns 2,905,839 shares of the shipping service provider’s stock worth $631,525,000 after acquiring an additional 647,401 shares during the period. Winslow Capital Management LLC bought a new stake in shares of FedEx in the 2nd quarter worth approximately $138,993,000. Finally, TIAA CREF Investment Management LLC lifted its position in shares of FedEx by 41.1% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 1,969,884 shares of the shipping service provider’s stock worth $428,115,000 after acquiring an additional 573,392 shares during the period. Institutional investors own 75.94% of the company’s stock.

In related news, Director David P. Steiner sold 3,016 shares of the firm’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $266.05, for a total transaction of $802,406.80. Following the completion of the sale, the director now directly owns 16,040 shares of the company’s stock, valued at approximately $4,267,442. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert B. Carter sold 3,970 shares of the firm’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $250.73, for a total value of $995,398.10. Following the sale, the executive vice president now directly owns 187,025 shares of the company’s stock, valued at $46,892,778.25. The disclosure for this sale can be found here. Insiders have sold a total of 53,541 shares of company stock valued at $13,692,142 over the last ninety days. Insiders own 8.45% of the company’s stock.

A number of analysts have commented on FDX shares. Zacks Investment Research downgraded FedEx from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Sanford C. Bernstein set a $236.00 price objective on FedEx and gave the stock a “hold” rating in a research report on Wednesday, December 20th. Loop Capital raised their price objective on FedEx to $318.00 in a research report on Thursday, January 4th. UBS Group upgraded FedEx from a “neutral” rating to a “buy” rating and raised their target price for the stock from $264.00 to $302.00 in a research report on Friday, January 5th. Finally, BMO Capital Markets raised their target price on FedEx from $265.00 to $270.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $272.69.

Shares of FedEx Co. (FDX) opened at $240.82 on Thursday. FedEx Co. has a twelve month low of $182.89 and a twelve month high of $274.66. The firm has a market capitalization of $64,379.23, a price-to-earnings ratio of 22.20, a P/E/G ratio of 1.40 and a beta of 1.30. The company has a current ratio of 1.57, a quick ratio of 1.50 and a debt-to-equity ratio of 0.89.

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

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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