Asio Capital LLC Purchases 170 Shares of FedEx Co. (NYSE:FDX)

Asio Capital LLC lifted its position in shares of FedEx Co. (NYSE:FDX) by 1.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,208 shares of the shipping service provider’s stock after purchasing an additional 170 shares during the period. FedEx accounts for about 1.8% of Asio Capital LLC’s holdings, making the stock its 15th biggest position. Asio Capital LLC’s holdings in FedEx were worth $4,320,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FDX. Vectors Research Management LLC purchased a new stake in FedEx during the fourth quarter worth about $26,000. RMR Wealth Builders purchased a new stake in FedEx during the fourth quarter worth about $27,000. Curi Capital purchased a new stake in FedEx during the fourth quarter worth about $31,000. Atticus Wealth Management LLC purchased a new stake in FedEx during the fourth quarter worth about $34,000. Finally, Vantage Consulting Group Inc purchased a new stake in FedEx during the fourth quarter worth about $36,000. Institutional investors and hedge funds own 72.74% of the company’s stock.

A number of analysts recently issued reports on FDX shares. KeyCorp upgraded shares of FedEx from a “sector weight” rating to an “overweight” rating and set a $350.00 price objective for the company in a report on Monday, April 19th. Robert W. Baird reiterated a “buy” rating on shares of FedEx in a research note on Sunday, February 21st. Vertical Research assumed coverage on shares of FedEx in a research note on Thursday, April 1st. They issued a “buy” rating and a $340.00 target price for the company. Berenberg Bank lifted their target price on shares of FedEx from $340.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, May 3rd. Finally, Credit Suisse Group reduced their target price on shares of FedEx from $368.00 to $350.00 and set an “outperform” rating for the company in a research note on Thursday, March 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $315.56.

In related news, EVP Jill Brannon sold 1,101 shares of the stock in a transaction that occurred on Monday, May 3rd. The shares were sold at an average price of $303.00, for a total value of $333,603.00. Following the completion of the sale, the executive vice president now directly owns 5,511 shares of the company’s stock, valued at approximately $1,669,833. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Frederick W. Smith sold 102,000 shares of the stock in a transaction that occurred on Thursday, April 15th. The stock was sold at an average price of $290.02, for a total transaction of $29,582,040.00. Following the completion of the sale, the chief executive officer now directly owns 14,595,728 shares of the company’s stock, valued at $4,233,053,034.56. The disclosure for this sale can be found here. Insiders sold a total of 180,773 shares of company stock worth $53,374,869 in the last quarter. Company insiders own 8.49% of the company’s stock.

NYSE:FDX opened at $309.43 on Monday. The firm’s 50-day moving average price is $289.32 and its 200-day moving average price is $271.66. FedEx Co. has a 1-year low of $106.25 and a 1-year high of $317.00. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.76 and a quick ratio of 1.71. The company has a market capitalization of $82.10 billion, a PE ratio of 33.67, a P/E/G ratio of 1.22 and a beta of 1.30.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Wednesday, March 17th. The shipping service provider reported $3.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.21 by $0.26. FedEx had a net margin of 3.28% and a return on equity of 18.65%. The firm had revenue of $21.51 billion for the quarter, compared to analysts’ expectations of $19.90 billion. During the same quarter in the prior year, the business earned $1.41 EPS. The business’s quarterly revenue was up 23.0% on a year-over-year basis. Equities analysts anticipate that FedEx Co. will post 17.24 EPS for the current fiscal year.

FedEx Company Profile

FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; time-critical transportation services; and cross-border e-commerce technology and e-commerce transportation solutions.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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