FinTrust Capital Advisors LLC Buys 70 Shares of FedEx Co. (NYSE:FDX)
FinTrust Capital Advisors LLC grew its stake in shares of FedEx Co. (NYSE:FDX) by 2.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,780 shares of the shipping service provider’s stock after buying an additional 70 shares during the period. FinTrust Capital Advisors LLC’s holdings in FedEx were worth $457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently added to or reduced their stakes in FDX. Artisan Partners Limited Partnership raised its position in shares of FedEx by 40.7% during the first quarter. Artisan Partners Limited Partnership now owns 2,740,543 shares of the shipping service provider’s stock valued at $497,162,000 after buying an additional 792,575 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of FedEx by 63.5% in the first quarter. Nordea Investment Management AB now owns 1,548,876 shares of the shipping service provider’s stock valued at $280,985,000 after purchasing an additional 601,465 shares in the last quarter. LSV Asset Management grew its holdings in shares of FedEx by 39.7% in the first quarter. LSV Asset Management now owns 1,986,887 shares of the shipping service provider’s stock valued at $360,441,000 after purchasing an additional 564,452 shares in the last quarter. Packer & Co Ltd grew its holdings in shares of FedEx by 269.9% in the second quarter. Packer & Co Ltd now owns 659,800 shares of the shipping service provider’s stock valued at $29,289,000 after purchasing an additional 481,416 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of FedEx by 21.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,374,522 shares of the shipping service provider’s stock valued at $383,063,000 after purchasing an additional 418,451 shares in the last quarter. Hedge funds and other institutional investors own 68.64% of the company’s stock.
A number of research firms recently weighed in on FDX. Deutsche Bank reissued a “buy” rating on shares of FedEx in a report on Wednesday, June 26th. UBS Group set a $136.00 target price on shares of FedEx and gave the company a “sell” rating in a report on Wednesday, June 26th. Morgan Stanley set a $143.00 target price on shares of FedEx and gave the company a “hold” rating in a report on Monday, June 10th. Bank of America cut their target price on shares of FedEx from $188.00 to $173.00 and set a “neutral” rating for the company in a report on Friday, May 31st. Finally, ValuEngine lowered shares of FedEx from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $191.63.
NYSE FDX traded down $2.31 on Thursday, hitting $152.75. 78,958 shares of the stock were exchanged, compared to its average volume of 2,135,324. The company has a quick ratio of 1.39, a current ratio of 1.45 and a debt-to-equity ratio of 0.94. The business has a fifty day moving average price of $165.14. The stock has a market capitalization of $40.44 billion, a price-to-earnings ratio of 9.84, a P/E/G ratio of 0.86 and a beta of 1.65. FedEx Co. has a 52-week low of $150.68 and a 52-week high of $259.25.
FedEx (NYSE:FDX) last posted its quarterly earnings data on Tuesday, June 25th. The shipping service provider reported $5.01 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 analyst estimates of $17.85 billion. FedEx had a net margin of 0.77% and a return on equity of 21.57%. FedEx’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.91 earnings per share. On average, research analysts forecast that FedEx Co. will post 14.61 earnings per share for the current year.
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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