Banque Cantonale Vaudoise reduced its position in FedEx Corporation (NYSE:FDX – Free Report) by 32.4% in the 4th quarter, Holdings Channel reports. The firm owned 6,045 shares of the shipping service provider’s stock after selling 2,901 shares during the quarter. Banque Cantonale Vaudoise’s holdings in FedEx were worth $1,746,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Ulland Investment Advisors LLC acquired a new stake in shares of FedEx in the 4th quarter worth $29,000. Tucker Asset Management LLC acquired a new stake in shares of FedEx in the 4th quarter worth $29,000. ORG Partners LLC increased its stake in shares of FedEx by 50.0% in the 4th quarter. ORG Partners LLC now owns 105 shares of the shipping service provider’s stock worth $30,000 after acquiring an additional 35 shares during the last quarter. Camelot Portfolios LLC acquired a new stake in shares of FedEx in the 4th quarter worth $31,000. Finally, Grey Fox Wealth Advisors LLC acquired a new stake in shares of FedEx in the 3rd quarter worth $27,000. 84.47% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at FedEx
In related news, Director Susan C. Schwab sold 5,795 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $369.00, for a total transaction of $2,138,355.00. Following the completion of the transaction, the director directly owned 10,038 shares in the company, valued at $3,704,022. This trade represents a 36.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Gina F. Adams sold 20,450 shares of the firm’s stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $366.45, for a total value of $7,493,902.50. Following the transaction, the executive vice president owned 19,403 shares of the company’s stock, valued at $7,110,229.35. This trade represents a 51.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 48,104 shares of company stock valued at $17,599,006. Insiders own 0.53% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Research Report on FDX
FedEx Stock Up 0.6%
Shares of NYSE:FDX opened at $389.17 on Friday. The business has a 50-day moving average price of $370.39 and a 200 day moving average price of $332.38. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $92.86 billion, a price-to-earnings ratio of 20.71, a PEG ratio of 1.47 and a beta of 1.29. FedEx Corporation has a 12-month low of $214.35 and a 12-month high of $404.03.
FedEx (NYSE:FDX – Get Free Report) 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. Sell-side analysts expect that FedEx Corporation will post 19.72 EPS for the current year.
About FedEx
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.
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