FedEx Corporation $FDX Shares Sold by World Investment Advisors

World Investment Advisors cut its stake in FedEx Corporation (NYSE:FDX) by 12.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,060 shares of the shipping service provider’s stock after selling 1,370 shares during the quarter. World Investment Advisors’ holdings in FedEx were worth $2,782,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in shares of FedEx by 89.5% during the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 168,128 shares of the shipping service provider’s stock worth $48,565,000 after purchasing an additional 79,400 shares during the last quarter. Shade Tree Advisors LLC acquired a new stake in shares of FedEx during the 4th quarter worth about $305,000. Trek Financial LLC increased its position in shares of FedEx by 11.3% during the 4th quarter. Trek Financial LLC now owns 6,547 shares of the shipping service provider’s stock worth $1,891,000 after purchasing an additional 664 shares during the last quarter. AG2R LA Mondiale Gestion D Actifs increased its position in shares of FedEx by 4.3% during the 4th quarter. AG2R LA Mondiale Gestion D Actifs now owns 9,506 shares of the shipping service provider’s stock worth $2,746,000 after purchasing an additional 393 shares during the last quarter. Finally, SVB Wealth LLC acquired a new stake in shares of FedEx during the 4th quarter worth about $303,000. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Stock Performance

Shares of FedEx stock opened at $375.99 on Friday. The business has a 50-day moving average of $369.04 and a 200 day moving average of $328.17. FedEx Corporation has a 12 month low of $214.35 and a 12 month high of $404.03. The stock has a market capitalization of $89.71 billion, a price-to-earnings ratio of 20.01, a price-to-earnings-growth ratio of 1.44 and a beta of 1.29. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.47 and a quick ratio of 1.44.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, March 19th. The shipping service provider reported $5.25 EPS for the quarter, beating analysts’ consensus estimates of $4.12 by $1.13. FedEx had a return on equity of 16.76% and a net margin of 4.88%.The company had revenue of $24 billion during the quarter, compared to analysts’ expectations of $23.44 billion. During the same period last year, the business posted $4.51 EPS. FedEx’s revenue for the quarter was up 8.3% on a year-over-year basis. As a group, sell-side analysts forecast that FedEx Corporation will post 19.72 earnings per share for the current year.

Wall Street Analyst Weigh In

FDX has been the subject of a number of recent analyst reports. Truist Financial raised their price objective on FedEx from $400.00 to $425.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $479.00 price objective on shares of FedEx in a research report on Friday, February 13th. Bank of America raised their price objective on FedEx from $431.00 to $440.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Zacks Research downgraded FedEx from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 18th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of FedEx in a research report on Tuesday. Eighteen equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, FedEx presently has a consensus rating of “Moderate Buy” and a consensus target price of $398.04.

Insider Buying and Selling

In other news, EVP Kawal Preet sold 4,900 shares of FedEx stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $367.89, for a total value of $1,802,661.00. Following the completion of the transaction, the executive vice president owned 10,953 shares in the company, valued at approximately $4,029,499.17. This trade represents a 30.91% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Susan C. Schwab sold 5,795 shares of FedEx stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $369.00, for a total value of $2,138,355.00. Following the completion of the transaction, the director owned 10,038 shares of the company’s stock, valued at $3,704,022. The trade was a 36.60% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 48,104 shares of company stock worth $17,599,006. 0.53% of the stock is owned by corporate insiders.

FedEx Profile

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.