Integrity Alliance LLC. Acquires 1,939 Shares of FedEx Corporation $FDX

Integrity Alliance LLC. boosted its position in FedEx Corporation (NYSE:FDX) by 54.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,519 shares of the shipping service provider’s stock after acquiring an additional 1,939 shares during the quarter. Integrity Alliance LLC.’s holdings in FedEx were worth $1,594,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wealth Watch Advisors INC acquired a new stake in FedEx in the third quarter valued at approximately $28,000. Ameriflex Group Inc. grew its stake in FedEx by 103.3% in the third quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider’s stock valued at $29,000 after acquiring an additional 63 shares during the period. Ulland Investment Advisors LLC acquired a new stake in FedEx in the fourth quarter valued at approximately $29,000. Tucker Asset Management LLC acquired a new stake in FedEx in the fourth quarter valued at approximately $29,000. Finally, ORG Partners LLC grew its stake in FedEx by 50.0% in the fourth quarter. ORG Partners LLC now owns 105 shares of the shipping service provider’s stock valued at $30,000 after acquiring an additional 35 shares during the period. Institutional investors own 84.47% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Bank of America raised their price objective on FedEx from $431.00 to $440.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Evercore cut FedEx from an “outperform” rating to a “cautious” rating in a research note on Wednesday. HSBC raised FedEx from a “reduce” rating to a “hold” rating and set a $360.00 price objective for the company in a research note on Friday, March 20th. Argus raised their price objective on FedEx from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, April 6th. Finally, Jefferies Financial Group boosted their price objective on FedEx from $425.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday, March 3rd. Eighteen investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $400.69.

FedEx Stock Performance

Shares of FDX opened at $411.29 on Thursday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.44 and a current ratio of 1.47. The stock has a 50 day moving average price of $374.01 and a two-hundred day moving average price of $336.46. The firm has a market capitalization of $98.14 billion, a P/E ratio of 21.89, a P/E/G ratio of 1.52 and a beta of 1.29. FedEx Corporation has a 52 week low of $214.82 and a 52 week high of $413.70.

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

Trending Headlines about FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: JPMorgan upgraded FedEx to Overweight from Neutral and raised its price target to $460 from $432, saying the stock looks attractive ahead of a pivotal period for the logistics company. JPMorgan lifts FedEx to Overweight ahead of freight spin-off
• Positive Sentiment: JPMorgan also said the planned freight spin-off could unlock shareholder value and improve transparency, reinforcing the bull case for the remaining FedEx business. FedEx spin-off could unlock more value for remaining business—J.P. Morgan
• Positive Sentiment: S&P announced that the FedEx Freight holding company will join the S&P 500, a development that can support index-related demand and highlights the significance of the separation. FedEx Freight Holding Company Set to Join S&P 500; EPAM Systems and Dave to Join S&P SmallCap 600
• Neutral Sentiment: Additional market commentary described FedEx as a long-term momentum stock, reflecting broader investor interest but offering no new fundamental catalyst. Why FedEx (FDX) is a Top Momentum Stock for the Long-Term
• Neutral Sentiment: FedEx also continued to receive positive press around its logistics footprint and brand, but these items are not major stock-moving news by themselves. Delivering History: FedEx Brings Millions of Years of the Past to the Present

Insider Buying and Selling

In other news, EVP Tracy B. Brightman sold 16,959 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $363.47, for a total value of $6,164,087.73. Following the completion of the transaction, the executive vice president directly owned 11,052 shares of the company’s stock, valued at $4,017,070.44. This represents a 60.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Gina F. Adams sold 20,450 shares of the company’s stock in a transaction that occurred on 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 directly owned 19,403 shares of the company’s stock, valued at approximately $7,110,229.35. This represents a 51.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 48,104 shares of company stock valued at $17,599,006. Company insiders own 0.53% of the company’s stock.

FedEx 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.