Jacobs & Co. CA boosted its position in FedEx Co. (NYSE:FDX) by 37.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,548 shares of the shipping service provider’s stock after acquiring an additional 3,933 shares during the period. Jacobs & Co. CA’s holdings in FedEx were worth $2,388,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Comerica Securities Inc. increased its position in FedEx by 369.7% during the fourth quarter. Comerica Securities Inc. now owns 43,263 shares of the shipping service provider’s stock worth $6,986,000 after purchasing an additional 34,052 shares during the last quarter. Dimensional Fund Advisors LP increased its position in FedEx by 21.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,374,522 shares of the shipping service provider’s stock worth $383,063,000 after purchasing an additional 418,451 shares during the last quarter. Geode Capital Management LLC increased its position in FedEx by 7.2% during the fourth quarter. Geode Capital Management LLC now owns 2,746,237 shares of the shipping service provider’s stock worth $442,149,000 after purchasing an additional 185,252 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in FedEx during the first quarter worth approximately $587,000. Finally, Tealwood Asset Management Inc. increased its position in FedEx by 25.2% during the first quarter. Tealwood Asset Management Inc. now owns 5,471 shares of the shipping service provider’s stock worth $992,000 after purchasing an additional 1,102 shares during the last quarter. Institutional investors and hedge funds own 68.64% of the company’s stock.

Several brokerages recently commented on FDX. Raymond James dropped their price target on shares of FedEx from $200.00 to $190.00 and set an “outperform” rating for the company in a research report on Wednesday, June 26th. Credit Suisse Group dropped their price target on shares of FedEx from $184.00 to $175.00 and set an “outperform” rating for the company in a research report on Wednesday, June 26th. Cowen reaffirmed an “outperform” rating and set a $228.00 price target (down previously from $230.00) on shares of FedEx in a research report on Thursday, June 20th. Morgan Stanley set a $143.00 price target on shares of FedEx and gave the stock a “hold” rating in a research report on Monday, June 10th. Finally, Loop Capital dropped their price target on shares of FedEx from $262.00 to $220.00 in a research report on Wednesday, June 26th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $191.63.

FDX traded down $4.11 during trading on Wednesday, hitting $156.41. 250,687 shares of the company’s stock were exchanged, compared to its average volume of 2,117,675. The company has a current ratio of 1.45, a quick ratio of 1.39 and a debt-to-equity ratio of 0.94. FedEx Co. has a 1 year low of $150.68 and a 1 year high of $259.25. The stock’s 50 day moving average is $165.17. The stock has a market capitalization of $42.28 billion, a price-to-earnings ratio of 10.08, a P/E/G ratio of 0.88 and a beta of 1.65.

FedEx (NYSE:FDX) last released its quarterly earnings data on Tuesday, June 25th. The shipping service provider reported $5.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.93 by $0.08. The company had revenue of $17.81 billion during the quarter, compared to the consensus estimate of $17.85 billion. FedEx had a net margin of 0.77% and a return on equity of 21.57%. FedEx’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned $5.91 earnings per share. Sell-side analysts forecast that FedEx Co. will post 14.61 earnings per share for the current year.

In other news, Director Paul S. Walsh sold 4,440 shares of the company’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $161.88, for a total value of $718,747.20. Following the completion of the transaction, the director now directly owns 16,440 shares in the company, valued at $2,661,307.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert B. Carter sold 23,100 shares of the company’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $175.78, for a total transaction of $4,060,518.00. Following the completion of the transaction, the executive vice president now owns 68,446 shares of the company’s stock, valued at $12,031,437.88. The disclosure for this sale can be found here. 8.50% of the stock is currently owned by corporate insiders.

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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