R.M.SINCERBEAUX Capital Management LLC Acquires 200 Shares of FedEx Co. (FDX)

R.M.SINCERBEAUX Capital Management LLC boosted its holdings in shares of FedEx Co. (NYSE:FDX) by 1.0% during the 1st quarter, HoldingsChannel reports. The fund owned 20,375 shares of the shipping service provider’s stock after buying an additional 200 shares during the period. FedEx comprises about 3.0% of R.M.SINCERBEAUX Capital Management LLC’s portfolio, making the stock its 12th largest position. R.M.SINCERBEAUX Capital Management LLC’s holdings in FedEx were worth $3,696,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Stephens Inc. AR raised its position in FedEx by 20.8% during the 1st quarter. Stephens Inc. AR now owns 74,782 shares of the shipping service provider’s stock worth $13,566,000 after buying an additional 12,859 shares during the last quarter. Investment House LLC increased its holdings in shares of FedEx by 1.8% during the 1st quarter. Investment House LLC now owns 69,637 shares of the shipping service provider’s stock valued at $12,633,000 after purchasing an additional 1,230 shares in the last quarter. Moloney Securities Asset Management LLC increased its holdings in shares of FedEx by 54.2% during the 1st quarter. Moloney Securities Asset Management LLC now owns 4,606 shares of the shipping service provider’s stock valued at $836,000 after purchasing an additional 1,619 shares in the last quarter. South Dakota Investment Council increased its holdings in shares of FedEx by 43.9% during the 1st quarter. South Dakota Investment Council now owns 103,076 shares of the shipping service provider’s stock valued at $18,699,000 after purchasing an additional 31,455 shares in the last quarter. Finally, Palladium Partners LLC increased its holdings in shares of FedEx by 3.9% during the 1st quarter. Palladium Partners LLC now owns 38,063 shares of the shipping service provider’s stock valued at $6,905,000 after purchasing an additional 1,435 shares in the last quarter. Institutional investors and hedge funds own 71.68% of the company’s stock.

NYSE FDX opened at $171.86 on Thursday. The stock has a market capitalization of $44.96 billion, a PE ratio of 11.23, a PEG ratio of 0.88 and a beta of 1.62. FedEx Co. has a 1-year low of $150.94 and a 1-year high of $266.67. 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 earnings results 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 company 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 quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.72 earnings per share. Sell-side analysts expect that FedEx Co. will post 15.44 EPS for the current fiscal year.

In other news, EVP Alan B. Graf, Jr. sold 27,000 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $173.30, for a total value of $4,679,100.00. Following the completion of the sale, the executive vice president now directly owns 200,320 shares in the company, valued at approximately $34,715,456. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Susan C. Schwab sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $175.11, for a total value of $525,330.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 185,650 shares of company stock worth $34,751,470. Company insiders own 8.50% of the company’s stock.

Several equities research analysts recently commented on the stock. UBS Group lowered shares of FedEx from a “neutral” rating to a “sell” rating and cut their price target for the stock from $171.00 to $161.00 in a report on Friday, April 26th. Credit Suisse Group reissued a “buy” rating and set a $241.00 price target on shares of FedEx in a research report on Monday, April 1st. Zacks Investment Research cut shares of FedEx from a “hold” rating to a “sell” rating in a research report on Tuesday, March 19th. KeyCorp lowered their price target 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. Finally, Barclays lowered their price target 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. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. FedEx presently has an average rating of “Hold” and an average target price of $212.33.

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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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Want to see what other hedge funds are holding FDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FedEx Co. (NYSE:FDX).

Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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