37,713 Shares in FedEx Corporation $FDX Acquired by Leuthold Group LLC

Leuthold Group LLC acquired a new position in shares of FedEx Corporation (NYSE:FDX) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 37,713 shares of the shipping service provider’s stock, valued at approximately $10,894,000. FedEx comprises approximately 1.2% of Leuthold Group LLC’s portfolio, making the stock its 17th largest holding.

Several other large investors have also recently modified their holdings of FDX. LRI Investments LLC boosted its position in shares of FedEx by 5.2% during the 4th quarter. LRI Investments LLC now owns 632 shares of the shipping service provider’s stock worth $183,000 after purchasing an additional 31 shares in the last quarter. Legacy Bridge LLC boosted its position in shares of FedEx by 33.0% in the 4th quarter. Legacy Bridge LLC now owns 133 shares of the shipping service provider’s stock worth $38,000 after buying an additional 33 shares in the last quarter. True Wealth Design LLC boosted its position in shares of FedEx by 8.2% in the 4th quarter. True Wealth Design LLC now owns 462 shares of the shipping service provider’s stock worth $133,000 after buying an additional 35 shares in the last quarter. ORG Partners LLC boosted its position 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 buying an additional 35 shares in the last quarter. Finally, Moneco Advisors LLC boosted its position in shares of FedEx by 3.9% in the 4th quarter. Moneco Advisors LLC now owns 968 shares of the shipping service provider’s stock worth $280,000 after buying an additional 36 shares in the last quarter. Institutional investors own 84.47% of the company’s stock.

Insider Activity

In related news, EVP Gina F. Adams sold 20,450 shares of the business’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 completion of the transaction, the executive vice president owned 19,403 shares of the company’s stock, valued at approximately $7,110,229.35. The trade was a 51.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Susan C. Schwab sold 5,795 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were 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 of the company’s stock, valued at $3,704,022. The trade was a 36.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 48,104 shares of company stock worth $17,599,006. Company insiders own 0.53% of the company’s stock.

FedEx Trading Down 1.1%

Shares of FDX stock opened at $375.99 on Friday. The firm has a 50-day moving average price of $369.04 and a 200 day moving average price of $328.17. FedEx Corporation has a twelve month low of $214.35 and a twelve month high of $404.03. The company has a market capitalization of $89.71 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 1.42 and a beta of 1.29. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.77.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share for the quarter, beating the consensus estimate of $4.12 by $1.13. FedEx had a net margin of 4.88% and a return on equity of 16.76%. The firm had revenue of $24 billion during the quarter, compared to the consensus estimate of $23.44 billion. During the same quarter in the previous year, the company posted $4.51 EPS. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. Research analysts forecast that FedEx Corporation will post 19.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FDX has been the topic of several recent research reports. Barclays reiterated a “buy” rating on shares of FedEx in a research report on Monday, May 11th. Zacks Research lowered shares of FedEx from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 18th. Stephens reiterated an “overweight” rating and issued a $435.00 price objective on shares of FedEx in a research report on Tuesday, April 14th. Bank of America boosted their price objective on shares of FedEx from $431.00 to $440.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Finally, TD Cowen boosted their price objective on shares of FedEx from $383.00 to $426.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Eighteen research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, FedEx presently has a consensus rating of “Moderate Buy” and a consensus price target of $398.04.

FedEx Company Profile

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.