Universal Beteiligungs und Servicegesellschaft mbH increased its position in FedEx Corporation (NYSE:FDX – Free Report) by 10.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 176,871 shares of the shipping service provider’s stock after buying an additional 16,275 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.07% of FedEx worth $40,205,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in FedEx by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider’s stock worth $4,994,848,000 after acquiring an additional 289,655 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of FedEx by 0.6% in the second quarter. Geode Capital Management LLC now owns 4,947,670 shares of the shipping service provider’s stock valued at $1,124,524,000 after purchasing an additional 28,450 shares in the last quarter. Valeo Financial Advisors LLC increased its position in FedEx by 28,080.9% in the second quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock worth $850,948,000 after purchasing an additional 3,730,273 shares during the last quarter. Invesco Ltd. raised its stake in FedEx by 1.4% during the first quarter. Invesco Ltd. now owns 3,264,993 shares of the shipping service provider’s stock valued at $795,940,000 after purchasing an additional 43,989 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its stake in FedEx by 7.1% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 2,030,687 shares of the shipping service provider’s stock valued at $495,041,000 after purchasing an additional 135,290 shares in the last quarter. 84.47% of the stock is owned by institutional investors.
FedEx Stock Performance
FDX stock opened at $264.24 on Tuesday. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $308.53. The firm has a market cap of $62.35 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 1.48 and a beta of 1.31. The business’s fifty day simple moving average is $242.22 and its two-hundred day simple moving average is $232.32. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on FDX. Bank of America boosted their target price on shares of FedEx from $270.00 to $285.00 and gave the stock a “neutral” rating in a report on Thursday, November 13th. Daiwa Capital Markets raised their price objective on FedEx from $232.00 to $240.00 and gave the company a “neutral” rating in a research note on Monday, September 22nd. Raymond James Financial reissued an “outperform” rating and set a $255.00 target price on shares of FedEx in a research report on Thursday, September 18th. Wolfe Research lifted their price objective on shares of FedEx from $254.00 to $298.00 in a research note on Tuesday, October 7th. Finally, TD Cowen boosted their price objective on shares of FedEx from $269.00 to $271.00 and gave the company a “buy” rating in a research report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, FedEx presently has an average rating of “Moderate Buy” and a consensus price target of $276.08.
Read Our Latest Research Report on FedEx
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.
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