Compagnie Lombard Odier SCmA Sells 100 Shares of FedEx Co. (NYSE:FDX)

Compagnie Lombard Odier SCmA lessened its stake in shares of FedEx Co. (NYSE:FDX) by 0.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 45,550 shares of the shipping service provider’s stock after selling 100 shares during the period. Compagnie Lombard Odier SCmA’s holdings in FedEx were worth $12,815,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of FDX. Fortitude Family Office LLC grew its holdings in FedEx by 144.4% during the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock valued at $25,000 after purchasing an additional 52 shares during the period. Evermay Wealth Management LLC grew its holdings in FedEx by 72.7% during the third quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock valued at $26,000 after purchasing an additional 40 shares during the period. Peoples Financial Services CORP. bought a new stake in FedEx during the fourth quarter valued at about $28,000. City Holding Co. bought a new position in shares of FedEx in the fourth quarter worth about $28,000. Finally, Kentucky Trust Co bought a new position in shares of FedEx in the fourth quarter worth about $28,000. Institutional investors own 84.47% of the company’s stock.

Insider Transactions at FedEx

In other FedEx news, Director Amy B. Lane purchased 333 shares of FedEx stock in a transaction dated Thursday, December 26th. The shares were purchased at an average cost of $276.06 per share, for a total transaction of $91,927.98. Following the completion of the acquisition, the director now owns 333 shares in the company, valued at $91,927.98. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP John W. Dietrich purchased 1,000 shares of FedEx stock in a transaction dated Tuesday, January 7th. The stock was acquired at an average price of $273.98 per share, for a total transaction of $273,980.00. Following the completion of the acquisition, the executive vice president now owns 9,067 shares of the company’s stock, valued at approximately $2,484,176.66. This trade represents a 12.40 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 8.87% of the company’s stock.

Analyst Ratings Changes

FDX has been the subject of a number of recent analyst reports. Bank of America upped their price objective on FedEx from $325.00 to $348.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Stephens dropped their price objective on FedEx from $350.00 to $345.00 and set an “overweight” rating for the company in a research note on Friday, December 20th. Citigroup upped their price objective on FedEx from $301.00 to $331.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. BNP Paribas raised FedEx from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, January 16th. Finally, Wells Fargo & Company upped their price objective on FedEx from $305.00 to $320.00 and gave the stock an “equal weight” rating in a research note on Friday, December 20th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, FedEx has a consensus rating of “Moderate Buy” and a consensus price target of $321.87.

FedEx Trading Up 0.2 %

Shares of FDX stock opened at $263.30 on Friday. FedEx Co. has a 1 year low of $234.45 and a 1 year high of $313.84. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. The stock’s 50 day simple moving average is $272.98 and its two-hundred day simple moving average is $279.56. The company has a market cap of $63.41 billion, a PE ratio of 16.78, a price-to-earnings-growth ratio of 1.07 and a beta of 1.18.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, topping the consensus estimate of $3.88 by $0.17. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The firm had revenue of $22 billion for the quarter, compared to the consensus estimate of $22.14 billion. During the same period in the prior year, the business posted $3.99 earnings per share. The company’s revenue for the quarter was down .7% on a year-over-year basis. Research analysts predict that FedEx Co. will post 19.14 earnings per share for the current year.

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.