Gladstone Institutional Advisory LLC Cuts Stock Holdings in FedEx Co. (NYSE:FDX)

Gladstone Institutional Advisory LLC cut its stake in shares of FedEx Co. (NYSE:FDX) by 4.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,286 shares of the shipping service provider’s stock after selling 141 shares during the period. Gladstone Institutional Advisory LLC’s holdings in FedEx were worth $924,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Virtu Financial LLC purchased a new stake in FedEx during the third quarter valued at about $3,405,000. Wedmont Private Capital grew its holdings in shares of FedEx by 4.1% during the 4th quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider’s stock worth $631,000 after purchasing an additional 91 shares during the period. GFS Advisors LLC purchased a new stake in shares of FedEx during the 4th quarter worth about $26,855,000. Persium Advisors LLC acquired a new stake in FedEx during the 4th quarter worth approximately $530,000. Finally, Assenagon Asset Management S.A. raised its holdings in FedEx by 137.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 227,965 shares of the shipping service provider’s stock valued at $64,133,000 after buying an additional 132,036 shares during the period. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Trading Up 0.2 %

NYSE:FDX opened at $263.30 on Friday. The company has a market cap of $63.41 billion, a PE ratio of 16.78, a P/E/G ratio of 1.07 and a beta of 1.18. The business’s 50 day moving average is $272.98 and its two-hundred day moving average is $279.56. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73. FedEx Co. has a 52 week low of $234.45 and a 52 week high of $313.84.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.88 by $0.17. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The firm had revenue of $22 billion for the quarter, compared to analysts’ expectations of $22.14 billion. During the same period last year, the business posted $3.99 earnings per share. The firm’s revenue for the quarter was down .7% on a year-over-year basis. On average, analysts predict that FedEx Co. will post 19.14 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Citigroup boosted their price objective on shares of FedEx from $301.00 to $331.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. BNP Paribas upgraded FedEx from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, January 16th. StockNews.com raised FedEx from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. Loop Capital downgraded FedEx from a “buy” rating to a “hold” rating and decreased their target price for the stock from $365.00 to $283.00 in a research report on Monday, February 3rd. Finally, Barclays raised their target price on FedEx from $350.00 to $365.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, FedEx currently has an average rating of “Moderate Buy” and a consensus target price of $321.87.

Insider Activity

In other FedEx news, Director Susan C. Schwab sold 3,980 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total value of $1,100,271.00. Following the transaction, the director now owns 8,904 shares of the company’s stock, valued at $2,461,510.80. This trade represents a 30.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Amy B. Lane bought 333 shares of the firm’s stock in a transaction on Thursday, December 26th. The stock was bought at an average price of $276.06 per share, with a total value of $91,927.98. Following the completion of the purchase, the director now owns 333 shares of the company’s stock, valued at $91,927.98. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 8.87% of the company’s stock.

FedEx Company Profile

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.