Wealthstreet Investment Advisors LLC acquired a new position in FedEx Co. (NYSE:FDX) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 20,229 shares of the shipping service provider’s stock, valued at approximately $5,048,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of FedEx by 2.7% in the second quarter. Vanguard Group Inc. now owns 18,490,065 shares of the shipping service provider’s stock worth $4,018,446,000 after buying an additional 492,840 shares during the period. FMR LLC boosted its holdings in shares of FedEx by 0.3% in the second quarter. FMR LLC now owns 4,530,154 shares of the shipping service provider’s stock worth $984,539,000 after buying an additional 15,382 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of FedEx by 7.3% in the third quarter. Ameriprise Financial Inc. now owns 3,925,763 shares of the shipping service provider’s stock worth $885,594,000 after buying an additional 266,660 shares during the period. Jennison Associates LLC boosted its holdings in shares of FedEx by 47.4% in the fourth quarter. Jennison Associates LLC now owns 3,687,689 shares of the shipping service provider’s stock worth $920,226,000 after buying an additional 1,185,447 shares during the period. Finally, Capital World Investors boosted its holdings in shares of FedEx by 16.1% in the second quarter. Capital World Investors now owns 3,614,899 shares of the shipping service provider’s stock worth $785,626,000 after buying an additional 501,617 shares during the period. 75.94% of the stock is currently owned by institutional investors.

Shares of FedEx Co. (FDX) opened at $240.32 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.57 and a quick ratio of 1.50. The stock has a market cap of $64,274.75, a P/E ratio of 22.15, a price-to-earnings-growth ratio of 1.40 and a beta of 1.30. FedEx Co. has a one year low of $182.89 and a one year high of $274.66.

FedEx (NYSE:FDX) last posted its earnings results on Tuesday, December 19th. The shipping service provider reported $3.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.89 by $0.29. The firm had revenue of $16.30 billion during the quarter, compared to analysts’ expectations of $15.67 billion. FedEx had a net margin of 4.74% and a return on equity of 20.56%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.80 earnings per share. equities research analysts predict that FedEx Co. will post 13.45 EPS for the current fiscal year.

Several brokerages have commented on FDX. Robert W. Baird reiterated a “buy” rating and issued a $270.00 target price on shares of FedEx in a report on Monday. Zacks Investment Research upgraded shares of FedEx from a “hold” rating to a “strong-buy” rating and set a $310.00 price target for the company in a report on Thursday, January 18th. Bank of America restated a “buy” rating and set a $315.00 price target on shares of FedEx in a report on Friday, January 12th. BMO Capital Markets restated a “buy” rating and set a $300.00 price target on shares of FedEx in a report on Monday, January 8th. Finally, UBS Group upgraded shares of FedEx from a “neutral” rating to a “buy” rating and raised their price target for the stock from $264.00 to $302.00 in a report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. FedEx has a consensus rating of “Buy” and an average target price of $272.69.

In other FedEx news, Director David P. Steiner sold 3,016 shares of FedEx stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $266.05, for a total value of $802,406.80. Following the completion of the sale, the director now directly owns 16,040 shares in the company, valued at $4,267,442. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO David J. Bronczek sold 46,555 shares of FedEx stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $255.49, for a total transaction of $11,894,336.95. Following the completion of the sale, the chief operating officer now owns 48,562 shares of the company’s stock, valued at $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 over the last quarter. Corporate insiders own 8.45% of the company’s stock.

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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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