Intech Investment Management LLC Has $9.59 Million Stock Position in FedEx Corporation $FDX

Intech Investment Management LLC lowered its stake in shares of FedEx Corporation (NYSE:FDX) by 79.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 33,202 shares of the shipping service provider’s stock after selling 128,631 shares during the quarter. Intech Investment Management LLC’s holdings in FedEx were worth $9,591,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Ulland Investment Advisors LLC acquired a new position in shares of FedEx during the fourth quarter valued at about $29,000. Tucker Asset Management LLC acquired a new position in shares of FedEx during the fourth quarter valued at about $29,000. ORG Partners LLC raised its holdings in shares of FedEx by 50.0% during the fourth quarter. ORG Partners LLC now owns 105 shares of the shipping service provider’s stock valued at $30,000 after purchasing an additional 35 shares during the period. Camelot Portfolios LLC acquired a new position in shares of FedEx during the fourth quarter valued at about $31,000. Finally, Wealth Watch Advisors INC acquired a new position in shares of FedEx during the third quarter valued at about $28,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

Insider Activity

In other FedEx news, EVP Kawal Preet sold 4,900 shares of the company’s stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $367.89, for a total value of $1,802,661.00. Following the completion of the sale, the executive vice president directly owned 10,953 shares of the company’s stock, valued at approximately $4,029,499.17. This represents a 30.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Susan C. Schwab sold 5,795 shares of the company’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $369.00, for a total transaction of $2,138,355.00. Following the completion of the sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 48,104 shares of company stock valued at $17,599,006. 0.53% of the stock is currently owned by company insiders.

FedEx News Summary

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx Freight’s spinoff is set to go live on June 1, and Wall Street commentary suggests the separation could unlock value for FedEx’s remaining business by sharpening its focus and simplifying the investment case. FedEx Freight (FDXF) Spinoff Goes Live June 1: Everything You Need to Know
• Positive Sentiment: JPMorgan reportedly turned constructive on FedEx ahead of the spinoff, saying the transaction could unlock more value for the parent company and supporting the stock as a buy idea. FedEx is a buy as freight business spinoff approaches, JPMorgan says
• Positive Sentiment: The new FedEx Freight company is expected to join major indexes quickly, including the S&P 500 and Dow Jones Transportation Average, which could create automatic index-related demand for the spun-off shares and reinforce investor attention on the separation. FedEx Freight Holding Set to Join Dow Jones Transportation Average
• Neutral Sentiment: Market coverage is also highlighting upcoming earnings and valuation debate around FedEx, with investors weighing whether the stock’s recent momentum can continue after the corporate restructuring.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FDX. Stifel Nicolaus upped their target price on shares of FedEx from $425.00 to $442.00 in a report on Friday, April 10th. Jefferies Financial Group upped their target price on shares of FedEx from $425.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday, March 3rd. Barclays upgraded shares of FedEx from an “overweight” rating to an “overweight” rating in a report on Wednesday. JPMorgan Chase & Co. upgraded shares of FedEx from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $432.00 to $460.00 in a report on Wednesday. Finally, HSBC upgraded shares of FedEx from a “reduce” rating to a “hold” rating and set a $360.00 target price on the stock in a report on Friday, March 20th. Eighteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $400.69.

FedEx Trading Up 0.2%

Shares of FDX stock opened at $412.11 on Friday. FedEx Corporation has a 52-week low of $214.82 and a 52-week high of $413.87. 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 company has a 50-day simple moving average of $376.41 and a two-hundred day simple moving average of $338.03. The company has a market capitalization of $98.33 billion, a price-to-earnings ratio of 21.93, a PEG ratio of 1.57 and a beta of 1.29.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.12 by $1.13. FedEx had a net margin of 4.88% and a return on equity of 16.76%. The business had revenue of $24 billion during the quarter, compared to the consensus estimate of $23.44 billion. During the same period in the prior year, the firm posted $4.51 EPS. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. Research analysts anticipate that FedEx Corporation will post 19.63 EPS for the current fiscal year.

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.