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.

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

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.

Further Reading: The mechanics of the bid-ask spread in trading

Want to see what other hedge funds are holding FDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FedEx Co. (NYSE:FDX).

Institutional Ownership by Quarter for FedEx (NYSE:FDX)

Receive News & Ratings for FedEx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedEx and related companies with MarketBeat.com's FREE daily email newsletter.