Tokio Marine Asset Management Co. Ltd. Has $1.75 Million Stock Holdings in FedEx Co. (NYSE:FDX)

Tokio Marine Asset Management Co. Ltd. boosted its holdings in FedEx Co. (NYSE:FDX) by 5.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,395 shares of the shipping service provider’s stock after buying an additional 330 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in FedEx were worth $1,750,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Capital International Investors grew its stake in shares of FedEx by 32.5% in the first quarter. Capital International Investors now owns 8,831,084 shares of the shipping service provider’s stock worth $2,558,718,000 after purchasing an additional 2,163,622 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of FedEx by 5.6% in the first quarter. Vanguard Group Inc. now owns 19,868,165 shares of the shipping service provider’s stock valued at $5,756,602,000 after buying an additional 1,056,061 shares during the period. International Assets Investment Management LLC lifted its stake in shares of FedEx by 473.8% in the third quarter. International Assets Investment Management LLC now owns 784,691 shares of the shipping service provider’s stock worth $2,147,540,000 after acquiring an additional 647,926 shares during the period. Ameriprise Financial Inc. boosted its holdings in FedEx by 34.6% in the second quarter. Ameriprise Financial Inc. now owns 2,248,137 shares of the shipping service provider’s stock valued at $674,336,000 after acquiring an additional 578,350 shares during the last quarter. Finally, Ceredex Value Advisors LLC increased its position in FedEx by 77.8% during the 3rd quarter. Ceredex Value Advisors LLC now owns 368,107 shares of the shipping service provider’s stock valued at $101,022,000 after purchasing an additional 161,022 shares during the period. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Stock Performance

Shares of FDX opened at $292.28 on Friday. The stock has a 50 day moving average of $275.04 and a 200 day moving average of $275.95. The company has a market capitalization of $71.41 billion, a price-to-earnings ratio of 18.03, a PEG ratio of 1.17 and a beta of 1.17. FedEx Co. has a 12 month low of $234.45 and a 12 month high of $313.84. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72.

FedEx (NYSE:FDX) last released its earnings results on Thursday, September 19th. The shipping service provider reported $3.60 EPS for the quarter, missing analysts’ consensus estimates of $4.82 by ($1.22). FedEx had a return on equity of 15.61% and a net margin of 4.62%. The business had revenue of $21.58 billion for the quarter, compared to the consensus estimate of $21.87 billion. During the same quarter in the previous year, the firm earned $4.55 earnings per share. The company’s revenue for the quarter was down .5% on a year-over-year basis. As a group, sell-side analysts forecast that FedEx Co. will post 19.59 earnings per share for the current year.

Analysts Set New Price Targets

FDX has been the subject of several recent analyst reports. Bank of America decreased their price objective on shares of FedEx from $347.00 to $345.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. TD Cowen decreased their price target on FedEx from $334.00 to $328.00 and set a “buy” rating for the company in a report on Friday, September 20th. Robert W. Baird cut their target price on FedEx from $340.00 to $320.00 and set an “outperform” rating on the stock in a research report on Friday, September 20th. Bernstein Bank lifted their target price on FedEx from $305.00 to $337.00 and gave the stock an “overweight” rating in a report on Friday, September 20th. Finally, HSBC cut FedEx from a “buy” rating to a “hold” rating and set a $300.00 price target on the stock. in a report on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $316.04.

FedEx Company 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.