FedEx Co. (NYSE:FDX) Holdings Trimmed by Southeastern Asset Management Inc. TN

Southeastern Asset Management Inc. TN trimmed its position in FedEx Co. (NYSE:FDX) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 430,339 shares of the shipping service provider’s stock after selling 14,523 shares during the period. FedEx makes up about 5.7% of Southeastern Asset Management Inc. TN’s holdings, making the stock its 4th biggest position. Southeastern Asset Management Inc. TN owned approximately 0.18% of FedEx worth $121,067,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Transce3nd LLC purchased a new position in FedEx in the 4th quarter valued at $26,000. City Holding Co. purchased a new position in FedEx in the 4th quarter valued at $28,000. Kentucky Trust Co purchased a new position in FedEx in the 4th quarter valued at $28,000. Pilgrim Partners Asia Pte Ltd purchased a new position in FedEx in the 4th quarter valued at $28,000. Finally, Activest Wealth Management purchased a new position in FedEx in the 4th quarter valued at $29,000. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on FDX. Jefferies Financial Group raised FedEx from a “hold” rating to a “buy” rating and reduced their target price for the company from $300.00 to $275.00 in a report on Monday, March 24th. UBS Group reduced their target price on FedEx from $350.00 to $331.00 and set a “buy” rating for the company in a report on Friday, March 21st. Citigroup reduced their target price on FedEx from $305.00 to $267.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Piper Sandler downgraded FedEx to a “neutral” rating in a research note on Monday, February 3rd. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of FedEx in a research note on Friday, March 21st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $297.63.

FedEx Stock Down 0.1%

Shares of NYSE:FDX opened at $231.60 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. FedEx Co. has a 1 year low of $194.30 and a 1 year high of $313.84. The stock has a market capitalization of $55.49 billion, a P/E ratio of 14.76, a PEG ratio of 1.11 and a beta of 1.36. The stock has a 50-day simple moving average of $223.23 and a 200-day simple moving average of $256.98.

FedEx (NYSE:FDX) last released its quarterly earnings results on Thursday, March 20th. The shipping service provider reported $4.51 EPS for the quarter, missing the consensus estimate of $4.56 by ($0.05). The company had revenue of $22.16 billion for the quarter, compared to analyst estimates of $21.96 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The business’s revenue was up 1.9% on a year-over-year basis. During the same period last year, the firm posted $3.86 earnings per share. Equities analysts forecast that FedEx Co. will post 19.14 earnings per share for the current year.

Insider Buying and Selling

In related news, COO John Alan Smith sold 6,155 shares of the business’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $243.55, for a total transaction of $1,499,050.25. Following the transaction, the chief operating officer now directly owns 23,347 shares of the company’s stock, valued at approximately $5,686,161.85. The trade was a 20.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 8.87% of the stock is currently owned by corporate insiders.

FedEx Company Profile

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.