Benjamin F. Edwards & Company Inc. Has $601,000 Stock Holdings in FedEx Co. (NYSE:FDX)

Benjamin F. Edwards & Company Inc. lifted its position in FedEx Co. (NYSE:FDX) by 9.5% during the third quarter, HoldingsChannel.com reports. The fund owned 4,127 shares of the shipping service provider’s stock after purchasing an additional 357 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in FedEx were worth $601,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in FDX. BlackRock Inc. increased its stake in FedEx by 9.5% during the 2nd quarter. BlackRock Inc. now owns 16,165,179 shares of the shipping service provider’s stock worth $2,654,161,000 after purchasing an additional 1,395,988 shares in the last quarter. Parnassus Investments CA increased its stake in FedEx by 17.1% during the 3rd quarter. Parnassus Investments CA now owns 4,099,219 shares of the shipping service provider’s stock worth $596,723,000 after purchasing an additional 599,344 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in FedEx by 3.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 3,620,516 shares of the shipping service provider’s stock worth $594,453,000 after purchasing an additional 106,871 shares in the last quarter. LSV Asset Management increased its stake in FedEx by 21.5% during the 2nd quarter. LSV Asset Management now owns 2,413,416 shares of the shipping service provider’s stock worth $396,258,000 after purchasing an additional 426,529 shares in the last quarter. Finally, Morgan Stanley increased its stake in FedEx by 26.7% during the 2nd quarter. Morgan Stanley now owns 2,025,572 shares of the shipping service provider’s stock worth $332,579,000 after purchasing an additional 427,019 shares in the last quarter. Institutional investors and hedge funds own 71.57% of the company’s stock.

In other news, Director John A. Edwardson bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The stock was acquired at an average cost of $151.75 per share, with a total value of $758,750.00. Following the completion of the purchase, the director now owns 62,966 shares of the company’s stock, valued at $9,555,090.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director R Brad Martin bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The stock was purchased at an average cost of $145.00 per share, with a total value of $145,000.00. Following the completion of the purchase, the director now directly owns 49,046 shares of the company’s stock, valued at approximately $7,111,670. The disclosure for this purchase can be found here. 8.44% of the stock is currently owned by company insiders.

Shares of FDX opened at $161.22 on Wednesday. The stock has a market capitalization of $42.59 billion, a P/E ratio of 10.39, a P/E/G ratio of 1.12 and a beta of 1.72. FedEx Co. has a twelve month low of $137.78 and a twelve month high of $234.49. The company has a 50 day moving average of $151.01 and a 200-day moving average of $161.73. The company has a quick ratio of 1.25, a current ratio of 1.31 and a debt-to-equity ratio of 1.70.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Tuesday, September 17th. The shipping service provider reported $3.05 earnings per share for the quarter, missing the consensus estimate of $3.17 by ($0.12). The business had revenue of $17.05 billion for the quarter, compared to the consensus estimate of $17.05 billion. FedEx had a return on equity of 21.15% and a net margin of 0.65%. FedEx’s revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the business earned $3.46 earnings per share. On average, sell-side analysts anticipate that FedEx Co. will post 12.11 earnings per share for the current fiscal year.

A number of analysts recently issued reports on the company. Credit Suisse Group lowered their target price on FedEx from $175.00 to $168.00 and set an “outperform” rating for the company in a research note on Wednesday, September 18th. Standpoint Research raised FedEx from a “hold” rating to a “buy” rating in a research note on Thursday, September 19th. Edward Jones cut FedEx from a “buy” rating to a “hold” rating in a research note on Wednesday, September 18th. Wells Fargo & Co assumed coverage on FedEx in a research note on Monday, October 28th. They set an “outperform” rating and a $189.00 target price for the company. Finally, JPMorgan Chase & Co. set a $140.00 target price on FedEx and gave the stock a “neutral” rating in a research note on Friday, October 4th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and sixteen have assigned a buy rating to the company. FedEx currently has an average rating of “Hold” and an average price target of $170.40.

FedEx 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.

Featured Story: What is the cash asset ratio?

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)

Receive News & Ratings for FedEx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedEx and related companies with MarketBeat.com's FREE daily email newsletter.