FedEx Co. (NYSE:FDX) Shares Sold by Citizens Financial Group Inc RI

Citizens Financial Group Inc RI trimmed its position in shares of FedEx Co. (NYSE:FDX) by 6.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,782 shares of the shipping service provider’s stock after selling 123 shares during the period. Citizens Financial Group Inc RI’s holdings in FedEx were worth $216,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Clear Harbor Asset Management LLC boosted its stake in FedEx by 216.6% during the 1st quarter. Clear Harbor Asset Management LLC now owns 7,092 shares of the shipping service provider’s stock valued at $860,000 after purchasing an additional 4,852 shares during the period. EagleClaw Capital Managment LLC raised its stake in shares of FedEx by 1.3% in the 1st quarter. EagleClaw Capital Managment LLC now owns 17,185 shares of the shipping service provider’s stock valued at $2,079,000 after buying an additional 225 shares in the last quarter. Quilter Plc acquired a new position in shares of FedEx in the 1st quarter valued at $328,000. Summit Asset Management LLC raised its stake in shares of FedEx by 5.9% in the 1st quarter. Summit Asset Management LLC now owns 7,634 shares of the shipping service provider’s stock valued at $926,000 after buying an additional 428 shares in the last quarter. Finally, Swiss National Bank raised its stake in shares of FedEx by 23.1% in the 1st quarter. Swiss National Bank now owns 961,949 shares of the shipping service provider’s stock valued at $116,646,000 after buying an additional 180,500 shares in the last quarter. 72.37% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:FDX opened at $115.77 on Friday. The company has a market capitalization of $30.57 billion, a price-to-earnings ratio of -83.29, a P/E/G ratio of 1.07 and a beta of 1.32. The firm’s 50 day simple moving average is $118.80 and its 200 day simple moving average is $140.90. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.21 and a quick ratio of 1.16. FedEx Co. has a fifty-two week low of $88.69 and a fifty-two week high of $178.50.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Tuesday, March 17th. The shipping service provider reported $1.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.41. The business had revenue of $17.49 billion for the quarter, compared to the consensus estimate of $16.89 billion. FedEx had a negative net margin of 0.50% and a positive return on equity of 17.05%. FedEx’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period last year, the company posted $3.03 EPS. Equities research analysts expect that FedEx Co. will post 9.07 earnings per share for the current year.

A number of equities research analysts recently issued reports on FDX shares. BMO Capital Markets dropped their target price on shares of FedEx from $150.00 to $115.00 and set a “market perform” rating for the company in a research report on Wednesday, March 18th. They noted that the move was a valuation call. Oppenheimer reiterated a “hold” rating on shares of FedEx in a research report on Wednesday, May 6th. Stephens dropped their target price on shares of FedEx from $180.00 to $145.00 and set an “overweight” rating for the company in a research report on Monday, March 16th. Citigroup dropped their target price on shares of FedEx from $180.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, March 18th. Finally, Bank of America upgraded shares of FedEx from a “neutral” rating to a “buy” rating and increased their target price for the stock from $117.00 to $140.00 in a research report on Monday, April 13th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and thirteen have issued a buy rating to the company’s stock. FedEx presently has a consensus rating of “Hold” and a consensus target price of $148.00.

In other FedEx news, EVP Alan B. Graf, Jr. sold 18,829 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $110.49, for a total transaction of $2,080,416.21. Following the sale, the executive vice president now directly owns 201,050 shares in the company, valued at approximately $22,214,014.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Frederick W. Smith sold 155,750 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $117.71, for a total transaction of $18,333,332.50. The disclosure for this sale can be found here. Company insiders own 8.44% of the company’s stock.

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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