Shay Capital LLC Takes Position in FedEx Co. (NYSE:FDX)

Shay Capital LLC bought a new stake in FedEx Co. (NYSE:FDX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,000 shares of the shipping service provider’s stock, valued at approximately $1,407,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Transce3nd LLC acquired a new stake in FedEx in the fourth quarter valued at about $26,000. City Holding Co. acquired a new stake in FedEx in the fourth quarter valued at $28,000. Kentucky Trust Co bought a new position in shares of FedEx during the fourth quarter worth about $28,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of FedEx in the fourth quarter worth approximately $28,000. Finally, Activest Wealth Management bought a new stake in shares of FedEx in the 4th quarter valued at $29,000. 84.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on FDX shares. UBS Group dropped their price objective on FedEx from $350.00 to $331.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Cfra Research raised FedEx to a “hold” rating in a research note on Thursday, March 20th. Jefferies Financial Group raised shares of FedEx from a “hold” rating to a “buy” rating and reduced their price target for the company from $300.00 to $275.00 in a research report on Monday, March 24th. Wells Fargo & Company lowered their price objective on FedEx from $260.00 to $220.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. Finally, Citigroup cut their price objective on shares of FedEx from $305.00 to $267.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Two 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $297.63.

FedEx Stock Down 0.1%

FDX stock 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. The company has a market capitalization of $55.49 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 1.11 and a beta of 1.36. FedEx Co. has a fifty-two week low of $194.30 and a fifty-two week high of $313.84. The stock has a fifty day moving average of $223.23 and a 200-day moving average of $256.98.

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

Insider Buying and Selling

In other FedEx news, COO John Alan Smith sold 6,155 shares of the company’s stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $243.55, for a total value of $1,499,050.25. Following the transaction, the chief operating officer now directly owns 23,347 shares in the company, valued at $5,686,161.85. This represents a 20.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.87% of the stock is currently owned by insiders.

FedEx 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.