TD Private Client Wealth LLC Grows Holdings in FedEx Corporation $FDX

TD Private Client Wealth LLC increased its stake in FedEx Corporation (NYSE:FDX) by 57.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 4,568 shares of the shipping service provider’s stock after acquiring an additional 1,673 shares during the quarter. TD Private Client Wealth LLC’s holdings in FedEx were worth $1,320,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. LRI Investments LLC boosted its stake in FedEx by 5.2% during the 4th quarter. LRI Investments LLC now owns 632 shares of the shipping service provider’s stock valued at $183,000 after acquiring an additional 31 shares during the last quarter. Legacy Bridge LLC increased 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 purchasing an additional 33 shares during the last quarter. True Wealth Design LLC increased 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 purchasing an additional 35 shares during the last quarter. ORG Partners LLC raised its stake 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 valued at $30,000 after purchasing an additional 35 shares in the last quarter. Finally, Moneco Advisors LLC raised its stake 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 valued at $280,000 after purchasing an additional 36 shares in the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Stephens reiterated an “overweight” rating and issued a $435.00 price target on shares of FedEx in a research note on Tuesday, April 14th. Raymond James Financial upped their price objective on FedEx from $305.00 to $410.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Barclays reaffirmed a “buy” rating on shares of FedEx in a report on Monday, May 11th. Susquehanna boosted their price target on FedEx from $410.00 to $455.00 and gave the company a “positive” rating in a report on Friday, March 20th. Finally, Evercore upped their price target on FedEx from $364.00 to $380.00 in a research report on Tuesday, February 24th. Eighteen analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $398.04.

FedEx Price Performance

Shares of NYSE FDX opened at $374.84 on Wednesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.47 and a quick ratio of 1.44. The firm has a market capitalization of $89.44 billion, a PE ratio of 19.95, a P/E/G ratio of 1.40 and a beta of 1.29. FedEx Corporation has a 1-year low of $214.35 and a 1-year high of $404.03. The business’s fifty day moving average price is $369.29 and its two-hundred day moving average price is $330.46.

FedEx (NYSE:FDX) last released its quarterly earnings results on Thursday, March 19th. The shipping service provider reported $5.25 EPS for the quarter, topping 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 business had revenue of $24 billion during the quarter, compared to analyst estimates of $23.44 billion. During the same quarter in the prior year, the firm earned $4.51 earnings per share. The company’s quarterly revenue was up 8.3% on a year-over-year basis. On average, research analysts expect that FedEx Corporation will post 19.72 EPS for the current year.

Insider Activity

In related news, EVP Tracy B. Brightman sold 16,959 shares of the 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Kawal Preet sold 4,900 shares of the firm’s stock in a transaction that occurred on 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 owned 10,953 shares in the company, valued at approximately $4,029,499.17. This represents a 30.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 48,104 shares of company stock valued at $17,599,006. Company insiders own 0.53% of the company’s stock.

About FedEx

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.