Terra Nova Asset Management LLC continued to hold its stake in FedEx Corporation (NYSE:FDX) during the second quarter, Holdings Channel reports. The institutional investor owned 1,240 shares of the shipping service provider’s stock at the end of the second quarter. Terra Nova Asset Management LLC’s holdings in FedEx Corporation were worth $269,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Bank of Montreal Can raised its stake in FedEx Corporation by 16.0% in the first quarter. Bank of Montreal Can now owns 1,006,806 shares of the shipping service provider’s stock valued at $196,478,000 after buying an additional 138,799 shares in the last quarter. Murphy Capital Management Inc. raised its stake in FedEx Corporation by 23.3% in the first quarter. Murphy Capital Management Inc. now owns 17,038 shares of the shipping service provider’s stock valued at $3,325,000 after buying an additional 3,225 shares in the last quarter. Pennsylvania Trust Co raised its stake in FedEx Corporation by 2.6% in the first quarter. Pennsylvania Trust Co now owns 5,960 shares of the shipping service provider’s stock valued at $1,163,000 after buying an additional 150 shares in the last quarter. Univest Corp of Pennsylvania raised its stake in FedEx Corporation by 6.4% in the first quarter. Univest Corp of Pennsylvania now owns 17,714 shares of the shipping service provider’s stock valued at $3,457,000 after buying an additional 1,070 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its stake in FedEx Corporation by 2.4% in the first quarter. Quadrant Capital Group LLC now owns 1,684 shares of the shipping service provider’s stock valued at $318,000 after buying an additional 40 shares in the last quarter. 76.36% of the stock is owned by institutional investors.

Shares of FedEx Corporation (NYSE:FDX) traded down 0.56% during mid-day trading on Monday, reaching $208.14. The company had a trading volume of 359,548 shares. The company has a market capitalization of $55.84 billion, a PE ratio of 18.80 and a beta of 1.27. FedEx Corporation has a 1-year low of $158.20 and a 1-year high of $219.99. The stock’s 50-day moving average price is $213.53 and its 200 day moving average price is $197.66.

FedEx Corporation (NYSE:FDX) last issued its earnings results on Tuesday, June 20th. The shipping service provider reported $4.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.88 by $0.37. The company had revenue of $15.70 billion during the quarter, compared to analysts’ expectations of $15.56 billion. FedEx Corporation had a return on equity of 22.19% and a net margin of 4.97%. The firm’s quarterly revenue was up 21.0% on a year-over-year basis. During the same period in the prior year, the business earned $3.30 EPS. Equities analysts expect that FedEx Corporation will post $13.60 EPS for the current year.

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Several equities research analysts recently issued reports on the stock. Cowen and Company reissued a “buy” rating and issued a $240.00 target price on shares of FedEx Corporation in a report on Tuesday, July 11th. Loop Capital reaffirmed a “buy” rating and set a $234.00 price objective on shares of FedEx Corporation in a report on Tuesday, July 4th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $220.00 price objective on shares of FedEx Corporation in a report on Monday, July 3rd. Vetr lowered shares of FedEx Corporation from a “hold” rating to a “sell” rating and set a $206.26 price objective for the company. in a report on Monday, June 26th. Finally, BMO Capital Markets increased their price objective on shares of FedEx Corporation from $220.00 to $245.00 and gave the company an “outperform” rating in a report on Friday, June 23rd. Six investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $221.78.

In other FedEx Corporation news, Director Kim Jabal sold 5,918 shares of the company’s stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $216.05, for a total value of $1,278,583.90. Following the completion of the sale, the director now directly owns 3,610 shares in the company, valued at approximately $779,940.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP John L. Merino sold 7,200 shares of the company’s stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $211.26, for a total value of $1,521,072.00. Following the completion of the sale, the vice president now owns 33,908 shares of the company’s stock, valued at $7,163,404.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 77,757 shares of company stock valued at $16,447,426. 8.67% of the stock is owned by company insiders.

About FedEx Corporation

FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.

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Institutional Ownership by Quarter for FedEx Corporation (NYSE:FDX)

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