Bush Odonnell Investment Advisors Inc. lessened its holdings in FedEx Co. (NYSE:FDX) by 10.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 27,249 shares of the shipping service provider’s stock after selling 3,170 shares during the period. FedEx accounts for 5.5% of Bush Odonnell Investment Advisors Inc.’s portfolio, making the stock its 5th largest position. Bush Odonnell Investment Advisors Inc.’s holdings in FedEx were worth $6,800,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Strategic Advisors LLC raised its stake in FedEx by 16.7% in the second quarter. Strategic Advisors LLC now owns 2,138 shares of the shipping service provider’s stock valued at $465,000 after purchasing an additional 306 shares in the last quarter. Stevens Capital Management LP raised its stake in FedEx by 60.6% in the second quarter. Stevens Capital Management LP now owns 39,340 shares of the shipping service provider’s stock valued at $8,550,000 after purchasing an additional 14,845 shares in the last quarter. Vanguard Group Inc. raised its stake in FedEx by 2.7% in the second quarter. Vanguard Group Inc. now owns 18,490,065 shares of the shipping service provider’s stock valued at $4,018,446,000 after purchasing an additional 492,840 shares in the last quarter. Prudential PLC raised its stake in FedEx by 25.8% in the second quarter. Prudential PLC now owns 52,403 shares of the shipping service provider’s stock valued at $11,389,000 after purchasing an additional 10,753 shares in the last quarter. Finally, Sirios Capital Management L P raised its stake in FedEx by 12.3% in the third quarter. Sirios Capital Management L P now owns 589,149 shares of the shipping service provider’s stock valued at $132,901,000 after purchasing an additional 64,637 shares in the last quarter. 76.23% of the stock is owned by institutional investors.

In other news, EVP Robert B. Carter sold 3,970 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $250.73, for a total value of $995,398.10. Following the completion of the transaction, the executive vice president now owns 187,025 shares of the company’s stock, valued at $46,892,778.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO David J. Bronczek sold 46,555 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $255.49, for a total value of $11,894,336.95. Following the completion of the transaction, the chief operating officer now directly owns 48,562 shares of the company’s stock, valued at approximately $12,407,105.38. The disclosure for this sale can be found here. Insiders sold 53,541 shares of company stock valued at $13,692,142 in the last ninety days. 8.45% of the stock is currently owned by insiders.

FedEx Co. (NYSE FDX) opened at $235.32 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.50 and a current ratio of 1.57. The company has a market capitalization of $63,040.00, a PE ratio of 21.63, a price-to-earnings-growth ratio of 1.40 and a beta of 1.30. FedEx Co. has a 52 week low of $182.89 and a 52 week high of $274.66.

FedEx (NYSE:FDX) last issued its earnings results on Tuesday, December 19th. The shipping service provider reported $3.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.89 by $0.29. The firm had revenue of $16.30 billion during the quarter, compared to the consensus estimate of $15.67 billion. FedEx had a return on equity of 20.56% and a net margin of 4.74%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.80 earnings per share. sell-side analysts forecast that FedEx Co. will post 13.38 EPS for the current year.

A number of research analysts recently commented on the company. Oppenheimer reaffirmed a “buy” rating and issued a $265.00 price target (up previously from $236.00) on shares of FedEx in a research note on Wednesday, December 20th. Zacks Investment Research raised FedEx from a “sell” rating to a “hold” rating in a research note on Tuesday, December 12th. BMO Capital Markets reaffirmed a “buy” rating and issued a $300.00 price target on shares of FedEx in a research note on Monday, January 8th. Sanford C. Bernstein set a $212.00 price target on FedEx and gave the company a “hold” rating in a research note on Wednesday, November 15th. Finally, Bank of America reaffirmed a “buy” rating and issued a $315.00 price target on shares of FedEx in a research note on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $273.12.

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FedEx Profile

FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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