Gofen & Glossberg LLC IL Buys 636 Shares of FedEx Co. (FDX)

Gofen & Glossberg LLC IL raised its stake in shares of FedEx Co. (NYSE:FDX) by 34.8% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 2,466 shares of the shipping service provider’s stock after purchasing an additional 636 shares during the period. Gofen & Glossberg LLC IL’s holdings in FedEx were worth $447,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Cordasco Financial Network boosted its stake in shares of FedEx by 181.8% in the first quarter. Cordasco Financial Network now owns 155 shares of the shipping service provider’s stock worth $28,000 after acquiring an additional 100 shares during the period. Berman Capital Advisors LLC bought a new position in FedEx during the fourth quarter valued at approximately $25,000. Northwest Wealth Management LLC boosted its stake in FedEx by 842.1% during the fourth quarter. Northwest Wealth Management LLC now owns 179 shares of the shipping service provider’s stock valued at $29,000 after buying an additional 160 shares during the last quarter. Advocacy Wealth Management Services LLC boosted its stake in FedEx by 52.5% during the first quarter. Advocacy Wealth Management Services LLC now owns 183 shares of the shipping service provider’s stock valued at $34,000 after buying an additional 63 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its stake in FedEx by 1,666.7% during the fourth quarter. Sound Income Strategies LLC now owns 212 shares of the shipping service provider’s stock valued at $34,000 after buying an additional 200 shares during the last quarter. 71.64% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE FDX traded up $1.02 during midday trading on Friday, hitting $188.06. The company’s stock had a trading volume of 1,229,191 shares, compared to its average volume of 1,641,435. The company has a market cap of $49.00 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 0.96 and a beta of 1.62. FedEx Co. has a 12-month low of $150.94 and a 12-month high of $266.67. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.40 and a current ratio of 1.46.

FedEx (NYSE:FDX) last released its quarterly earnings data on Tuesday, March 19th. The shipping service provider reported $3.03 EPS for the quarter, missing the consensus estimate of $3.10 by ($0.07). The firm had revenue of $17.01 billion for the quarter, compared to analysts’ expectations of $17.70 billion. FedEx had a return on equity of 22.67% and a net margin of 5.25%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.72 earnings per share. Sell-side analysts predict that FedEx Co. will post 15.44 earnings per share for the current year.

A number of equities analysts recently commented on the company. Daiwa Capital Markets lowered FedEx from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $187.00 to $179.00 in a research note on Thursday, March 21st. They noted that the move was a valuation call. Credit Suisse Group upped their price objective on FedEx from $236.00 to $241.00 and gave the company an “outperform” rating in a research report on Wednesday, March 20th. BMO Capital Markets decreased their price objective on FedEx to $215.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 20th. Susquehanna Bancshares restated a “neutral” rating and set a $174.00 price objective on shares of FedEx in a research report on Thursday, March 28th. Finally, UBS Group decreased their price objective on FedEx from $234.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, January 10th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. FedEx has an average rating of “Hold” and an average target price of $212.33.

In other FedEx news, VP John L. Merino sold 2,300 shares of the stock in a transaction on Monday, February 4th. The stock was sold at an average price of $182.24, for a total transaction of $419,152.00. Following the sale, the vice president now owns 30,185 shares of the company’s stock, valued at approximately $5,500,914.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Alan B. Graf, Jr. sold 27,000 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $173.30, for a total value of $4,679,100.00. Following the sale, the executive vice president now directly owns 200,320 shares in the company, valued at approximately $34,715,456. The disclosure for this sale can be found here. Insiders have sold a total of 187,950 shares of company stock worth $35,170,622 over the last 90 days. 8.50% of the stock is currently owned by company insiders.

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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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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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