FedEx Co. (FDX) Shares Bought by Columbia Asset Management

Columbia Asset Management grew its holdings in FedEx Co. (NYSE:FDX) by 29.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,103 shares of the shipping service provider’s stock after buying an additional 1,390 shares during the period. Columbia Asset Management’s holdings in FedEx were worth $1,523,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Strategic Advisors LLC raised its stake in shares of FedEx by 16.7% during the 2nd quarter. Strategic Advisors LLC now owns 2,138 shares of the shipping service provider’s stock worth $465,000 after acquiring an additional 306 shares in the last quarter. Stevens Capital Management LP raised its stake in shares of FedEx by 60.6% during the 2nd quarter. Stevens Capital Management LP now owns 39,340 shares of the shipping service provider’s stock worth $8,550,000 after acquiring an additional 14,845 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of FedEx by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 18,490,065 shares of the shipping service provider’s stock worth $4,018,446,000 after acquiring an additional 492,840 shares in the last quarter. Prudential PLC raised its stake in shares of FedEx by 25.8% during the 2nd quarter. Prudential PLC now owns 52,403 shares of the shipping service provider’s stock worth $11,389,000 after acquiring an additional 10,753 shares in the last quarter. Finally, Sirios Capital Management L P increased its stake in FedEx by 12.3% during the 3rd quarter. Sirios Capital Management L P now owns 589,149 shares of the shipping service provider’s stock valued at $132,901,000 after purchasing an additional 64,637 shares in the last quarter. 75.94% of the stock is owned by institutional investors and hedge funds.

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

In other FedEx news, COO David J. Bronczek sold 46,555 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $255.49, for a total transaction of $11,894,336.95. Following the sale, the chief operating officer now owns 48,562 shares of the company’s stock, valued at $12,407,105.38. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Robert B. Carter sold 3,970 shares of FedEx 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 completion of the transaction, the executive vice president now directly owns 187,025 shares in the company, valued at $46,892,778.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 53,541 shares of company stock worth $13,692,142. 8.45% of the stock is owned by corporate insiders.

Shares of FedEx Co. (FDX) traded down $0.26 during trading on Thursday, reaching $240.56. 637,510 shares of the company were exchanged, compared to its average volume of 1,946,792. The company has a quick ratio of 1.50, a current ratio of 1.57 and a debt-to-equity ratio of 0.89. FedEx Co. has a one year low of $182.89 and a one year high of $274.66. The stock has a market capitalization of $64,510.00, a P/E ratio of 22.07, a P/E/G ratio of 1.40 and a beta of 1.30.

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

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About FedEx

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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