FedEx Corporation (FDX) Shares Sold by Rikoon Group LLC

Rikoon Group LLC reduced its stake in FedEx Corporation (NYSE:FDX) by 0.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,159 shares of the shipping service provider’s stock after selling 40 shares during the period. FedEx Corporation accounts for 1.1% of Rikoon Group LLC’s holdings, making the stock its 27th biggest holding. Rikoon Group LLC’s holdings in FedEx Corporation were worth $2,430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in FedEx Corporation by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 18,490,065 shares of the shipping service provider’s stock worth $4,018,446,000 after acquiring an additional 492,840 shares in the last quarter. BlackRock Inc. grew its stake in FedEx Corporation by 1,912.1% in the 1st quarter. BlackRock Inc. now owns 14,823,307 shares of the shipping service provider’s stock worth $2,892,768,000 after acquiring an additional 14,086,601 shares in the last quarter. FMR LLC boosted its stake in shares of FedEx Corporation by 0.3% during the second quarter. FMR LLC now owns 4,530,154 shares of the shipping service provider’s stock valued at $984,539,000 after purchasing an additional 15,382 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of FedEx Corporation by 0.4% during the second quarter. Ameriprise Financial Inc. now owns 3,659,103 shares of the shipping service provider’s stock valued at $795,260,000 after purchasing an additional 13,383 shares in the last quarter. Finally, Capital World Investors boosted its stake in shares of FedEx Corporation by 16.1% during the second quarter. Capital World Investors now owns 3,614,899 shares of the shipping service provider’s stock valued at $785,626,000 after purchasing an additional 501,617 shares in the last quarter. Institutional investors and hedge funds own 76.22% of the company’s stock.

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In related news, CEO Michael L. Ducker sold 14,964 shares of the firm’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $225.85, for a total transaction of $3,379,619.40. Following the sale, the chief executive officer now owns 53,397 shares in the company, valued at $12,059,712.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Henry J. Maier sold 11,150 shares of the firm’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $228.46, for a total transaction of $2,547,329.00. Following the sale, the insider now owns 36,747 shares in the company, valued at approximately $8,395,219.62. The disclosure for this sale can be found here. Insiders sold 40,094 shares of company stock worth $9,024,637 in the last quarter. Company insiders own 8.45% of the company’s stock.

Shares of FedEx Corporation (NYSE:FDX) opened at $219.94 on Wednesday. The firm has a market cap of $59,375.95, a price-to-earnings ratio of 18.59, a PEG ratio of 1.39 and a beta of 1.37. FedEx Corporation has a 52 week low of $182.75 and a 52 week high of $231.35. The company has a quick ratio of 1.57, a current ratio of 1.63 and a debt-to-equity ratio of 0.91.

FedEx Corporation (NYSE:FDX) last released its quarterly earnings data on Tuesday, September 19th. The shipping service provider reported $2.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.17 by ($0.66). The business had revenue of $15.30 billion during the quarter, compared to analyst estimates of $15.35 billion. FedEx Corporation had a return on equity of 20.69% and a net margin of 4.72%. The firm’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.90 EPS. research analysts forecast that FedEx Corporation will post 12.47 EPS for the current fiscal year.

A number of research firms have recently issued reports on FDX. Cowen and Company reiterated an “outperform” rating and set a $240.00 price objective on shares of FedEx Corporation in a research note on Friday, October 13th. Stifel Nicolaus reiterated a “neutral” rating on shares of FedEx Corporation in a research note on Wednesday, August 16th. Citigroup Inc. reiterated a “buy” rating and set a $235.00 price objective on shares of FedEx Corporation in a research note on Thursday, September 14th. Bank of America Corporation reiterated a “buy” rating and set a $240.00 price objective on shares of FedEx Corporation in a research note on Wednesday, September 20th. Finally, Vetr downgraded shares of FedEx Corporation to a “sell” rating and set a $204.84 price objective on the stock. in a research note on Thursday, August 31st. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-three have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $230.21.

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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