Dillon & Associates Inc. Raises Holdings in FedEx Co. (FDX)

Dillon & Associates Inc. grew its stake in FedEx Co. (NYSE:FDX) by 14.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,662 shares of the shipping service provider’s stock after purchasing an additional 1,240 shares during the quarter. Dillon & Associates Inc.’s holdings in FedEx were worth $1,749,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Berman Capital Advisors LLC bought a new position in shares of FedEx in the 4th quarter worth about $25,000. Cordasco Financial Network increased its stake in shares of FedEx by 181.8% in the 1st quarter. Cordasco Financial Network now owns 155 shares of the shipping service provider’s stock worth $28,000 after acquiring an additional 100 shares in the last quarter. Northwest Wealth Management LLC increased its stake in shares of FedEx by 842.1% in the 4th quarter. Northwest Wealth Management LLC now owns 179 shares of the shipping service provider’s stock worth $29,000 after acquiring an additional 160 shares in the last quarter. Covenant Multifamily Offices LLC bought a new position in shares of FedEx in the 1st quarter worth about $29,000. Finally, Advocacy Wealth Management Services LLC increased its stake in shares of FedEx by 52.5% in the 1st quarter. Advocacy Wealth Management Services LLC now owns 183 shares of the shipping service provider’s stock worth $34,000 after acquiring an additional 63 shares in the last quarter. Institutional investors and hedge funds own 70.48% of the company’s stock.

Shares of FDX stock opened at $162.00 on Thursday. FedEx Co. has a one year low of $150.94 and a one year high of $266.67. The stock has a market cap of $43.77 billion, a P/E ratio of 10.23, a PEG ratio of 0.85 and a beta of 1.62. The company has a current ratio of 1.46, a quick ratio of 1.40 and a debt-to-equity ratio of 0.87.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Tuesday, March 19th. The shipping service provider reported $3.03 EPS for the quarter, missing the Thomson Reuters’ 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 net margin of 5.25% and a return on equity of 22.67%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the company posted $3.72 earnings per share. On average, analysts forecast that FedEx Co. will post 15.44 EPS for the current year.

Several research analysts recently issued reports on FDX shares. Cowen reiterated an “outperform” rating and issued a $237.00 price target (down from $242.00) on shares of FedEx in a research note on Thursday, March 14th. Raymond James cut their price objective on shares of FedEx from $235.00 to $230.00 and set an “outperform” rating on the stock in a research report on Monday, March 18th. Zacks Investment Research downgraded shares of FedEx from a “hold” rating to a “sell” rating in a research report on Tuesday, March 19th. Barclays cut their price objective on shares of FedEx from $235.00 to $215.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 20th. Finally, KeyCorp cut their price objective on shares of FedEx from $240.00 to $215.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 20th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $212.33.

In other news, EVP Alan B. Graf, Jr. sold 27,000 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $173.30, for a total transaction of $4,679,100.00. Following the sale, the executive vice president now owns 200,320 shares of the company’s stock, valued at approximately $34,715,456. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Susan C. Schwab sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $175.11, for a total transaction of $525,330.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 185,650 shares of company stock worth $34,751,470. Insiders own 8.50% of the company’s stock.

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FedEx Company Profile

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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