Blair William & Co. IL Has $3.45 Million Position in FedEx Corporation (NYSE:FDX)

Blair William & Co. IL boosted its position in shares of FedEx Corporation (NYSE:FDX) by 13.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,787 shares of the shipping service provider’s stock after buying an additional 2,114 shares during the period. Blair William & Co. IL’s holdings in FedEx Corporation were worth $3,447,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Cornerstone Financial Partners LLC boosted its position in shares of FedEx Corporation by 0.3% in the first quarter. Cornerstone Financial Partners LLC now owns 2,118 shares of the shipping service provider’s stock valued at $413,000 after buying an additional 7 shares during the last quarter. Beese Fulmer Investment Management Inc. boosted its position in shares of FedEx Corporation by 0.6% in the first quarter. Beese Fulmer Investment Management Inc. now owns 1,327 shares of the shipping service provider’s stock worth $259,000 after buying an additional 8 shares in the last quarter. Adirondack Trust Co. boosted its position in shares of FedEx Corporation by 1.5% in the first quarter. Adirondack Trust Co. now owns 662 shares of the shipping service provider’s stock worth $129,000 after buying an additional 10 shares in the last quarter. Brick & Kyle Associates boosted its position in shares of FedEx Corporation by 1.5% in the first quarter. Brick & Kyle Associates now owns 674 shares of the shipping service provider’s stock worth $132,000 after buying an additional 10 shares in the last quarter. Finally, Alexandria Capital LLC raised its stake in shares of FedEx Corporation by 2.1% in the first quarter. Alexandria Capital LLC now owns 527 shares of the shipping service provider’s stock valued at $103,000 after buying an additional 11 shares during the last quarter. 76.36% of the stock is owned by institutional investors.

Shares of FedEx Corporation (NYSE FDX) traded up 0.65% during mid-day trading on Friday, reaching $204.87. 1,136,569 shares of the company’s stock were exchanged. FedEx Corporation has a 52-week low of $158.20 and a 52-week high of $219.99. The company’s 50-day moving average price is $212.82 and its 200 day moving average price is $198.62. The company has a market cap of $54.96 billion, a PE ratio of 18.51 and a beta of 1.27.

FedEx Corporation (NYSE:FDX) last posted its quarterly earnings data on Tuesday, June 20th. The shipping service provider reported $4.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.88 by $0.37. The company had revenue of $15.70 billion for the quarter, compared to analysts’ expectations of $15.56 billion. FedEx Corporation had a net margin of 4.97% and a return on equity of 22.19%. FedEx Corporation’s revenue for the quarter was up 21.0% compared to the same quarter last year. During the same period in the prior year, the business earned $3.30 earnings per share. On average, equities research analysts predict that FedEx Corporation will post $13.58 EPS for the current year.

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Several equities research analysts have commented on FDX shares. ValuEngine upgraded shares of FedEx Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, June 3rd. Zacks Investment Research upgraded shares of FedEx Corporation from a “hold” rating to a “buy” rating and set a $222.00 target price for the company in a report on Friday, June 2nd. Vetr upgraded shares of FedEx Corporation from a “hold” rating to a “buy” rating and set a $195.86 target price for the company in a report on Wednesday, May 17th. UBS AG reaffirmed a “buy” rating and issued a $235.00 price objective (up previously from $215.00) on shares of FedEx Corporation in a research note on Wednesday, June 21st. Finally, Deutsche Bank AG set a $235.00 price objective on shares of FedEx Corporation and gave the stock a “buy” rating in a research note on Wednesday, June 21st. Six investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $221.78.

In other FedEx Corporation news, VP John L. Merino sold 7,200 shares of the stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $211.26, for a total value of $1,521,072.00. Following the completion of the transaction, the vice president now owns 33,908 shares in the company, valued at $7,163,404.08. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kim Jabal sold 5,918 shares of the stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $216.05, for a total value of $1,278,583.90. Following the completion of the transaction, the director now owns 3,610 shares of the company’s stock, valued at approximately $779,940.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 77,757 shares of company stock valued at $16,447,426. 8.67% of the stock is owned by insiders.

FedEx Corporation Company Profile

FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.

Institutional Ownership by Quarter for FedEx Corporation (NYSE:FDX)

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