FedEx Co. (NYSE:FDX) Stock Holdings Lessened by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. trimmed its stake in FedEx Co. (NYSE:FDX) by 44.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,100 shares of the shipping service provider’s stock after selling 1,707 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in FedEx were worth $306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Zions Bancorporation N.A. increased its holdings in FedEx by 4.0% in the second quarter. Zions Bancorporation N.A. now owns 1,661 shares of the shipping service provider’s stock worth $273,000 after buying an additional 64 shares during the last quarter. Alpha Windward LLC grew its holdings in FedEx by 7.5% during the second quarter. Alpha Windward LLC now owns 977 shares of the shipping service provider’s stock valued at $169,000 after purchasing an additional 68 shares during the last quarter. First Personal Financial Services grew its holdings in FedEx by 6.7% during the third quarter. First Personal Financial Services now owns 1,080 shares of the shipping service provider’s stock valued at $157,000 after purchasing an additional 68 shares during the last quarter. FinTrust Capital Advisors LLC grew its holdings in FedEx by 2.6% during the second quarter. FinTrust Capital Advisors LLC now owns 2,780 shares of the shipping service provider’s stock valued at $457,000 after purchasing an additional 70 shares during the last quarter. Finally, Quadrant Private Wealth Management LLC grew its holdings in FedEx by 2.7% during the second quarter. Quadrant Private Wealth Management LLC now owns 2,701 shares of the shipping service provider’s stock valued at $443,000 after purchasing an additional 72 shares during the last quarter. 71.57% of the stock is owned by institutional investors and hedge funds.

Several brokerages have commented on FDX. Standpoint Research upgraded FedEx from a “hold” rating to a “buy” rating in a report on Thursday, September 19th. JPMorgan Chase & Co. set a $140.00 price target on FedEx and gave the company a “neutral” rating in a report on Friday, October 4th. Raymond James lowered their price target on FedEx from $190.00 to $175.00 and set an “outperform” rating on the stock in a report on Wednesday, September 18th. Wells Fargo & Co began coverage on FedEx in a report on Monday, October 28th. They set an “outperform” rating and a $189.00 price target on the stock. Finally, BMO Capital Markets downgraded FedEx from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $190.00 to $165.00 in a report on Wednesday, September 18th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and sixteen have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $170.40.

In other news, Director John A. Edwardson bought 5,000 shares of FedEx stock in a transaction that occurred on Thursday, October 31st. The stock was purchased at an average cost of $151.75 per share, with a total value of $758,750.00. Following the completion of the transaction, the director now directly owns 62,966 shares in the company, valued at $9,555,090.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director R Brad Martin bought 1,000 shares of FedEx stock in a transaction that occurred on Friday, September 27th. The stock was purchased at an average cost of $145.00 per share, with a total value of $145,000.00. Following the completion of the transaction, the director now owns 49,046 shares of the company’s stock, valued at $7,111,670. The disclosure for this purchase can be found here. 8.44% of the stock is owned by company insiders.

Shares of FedEx stock traded down $0.61 during midday trading on Tuesday, hitting $161.57. The company had a trading volume of 744,658 shares, compared to its average volume of 2,429,721. The business’s 50 day simple moving average is $150.77 and its two-hundred day simple moving average is $161.90. The stock has a market cap of $42.59 billion, a PE ratio of 10.41, a P/E/G ratio of 1.12 and a beta of 1.72. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.31 and a quick ratio of 1.25. FedEx Co. has a 1-year low of $137.78 and a 1-year high of $234.49.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Tuesday, September 17th. The shipping service provider reported $3.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.17 by ($0.12). The company had revenue of $17.05 billion during the quarter, compared to analyst estimates of $17.05 billion. FedEx had a return on equity of 21.15% and a net margin of 0.65%. The company’s revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.46 EPS. On average, sell-side analysts expect that FedEx Co. will post 12.11 EPS for the current fiscal year.

FedEx Profile

FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services; and consolidates and delivers low-weight and less time-sensitive business-to-consumer packages.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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