ProVise Management Group LLC purchased a new stake in FedEx Co. (NYSE:FDX) during the fourth quarter, Holdings Channel reports. The firm purchased 824 shares of the shipping service provider’s stock, valued at approximately $206,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Krilogy Financial LLC boosted its position in FedEx by 0.4% in the second quarter. Krilogy Financial LLC now owns 511 shares of the shipping service provider’s stock valued at $111,000 after buying an additional 2 shares in the last quarter. Salem Investment Counselors Inc. raised its stake in shares of FedEx by 2.8% in the second quarter. Salem Investment Counselors Inc. now owns 479 shares of the shipping service provider’s stock worth $104,000 after acquiring an additional 13 shares during the last quarter. RNC Capital Management LLC raised its stake in shares of FedEx by 0.8% in the second quarter. RNC Capital Management LLC now owns 1,996 shares of the shipping service provider’s stock worth $434,000 after acquiring an additional 15 shares during the last quarter. High Falls Advisors Inc raised its stake in shares of FedEx by 2.1% in the second quarter. High Falls Advisors Inc now owns 1,124 shares of the shipping service provider’s stock worth $244,000 after acquiring an additional 23 shares during the last quarter. Finally, Sii Investments Inc. WI raised its stake in shares of FedEx by 1.3% in the second quarter. Sii Investments Inc. WI now owns 3,402 shares of the shipping service provider’s stock worth $739,000 after acquiring an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

In other FedEx news, EVP Robert B. Carter sold 3,970 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $250.73, for a total value of $995,398.10. Following the completion of the sale, the executive vice president now owns 187,025 shares of the company’s stock, valued at $46,892,778.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction of $11,894,336.95. Following the completion of the sale, 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. Insiders own 8.45% of the company’s stock.

Shares of FedEx Co. (FDX) opened at $240.82 on Thursday. 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 firm has a market cap of $64,379.23, a P/E ratio of 22.20, a P/E/G ratio of 1.40 and a beta of 1.30. FedEx Co. has a 12 month low of $182.89 and a 12 month high of $274.66.

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

A number of equities analysts have weighed in on the stock. Zacks Investment Research raised shares of FedEx from a “hold” rating to a “strong-buy” rating and set a $310.00 target price for the company in a research note on Thursday, January 18th. Bank of America reaffirmed a “buy” rating and issued a $315.00 target price on shares of FedEx in a research note on Friday, January 12th. BMO Capital Markets reaffirmed a “buy” rating and issued a $300.00 target price on shares of FedEx in a research note on Monday, January 8th. Robert W. Baird reaffirmed a “buy” rating and issued a $280.00 target price on shares of FedEx in a research note on Tuesday, January 9th. Finally, UBS Group raised shares of FedEx from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $264.00 to $302.00 in a research note on Friday, January 5th. One investment 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 issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $272.69.

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About FedEx

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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