Sii Investments Inc. WI raised its position in FedEx Corporation (NYSE:FDX) by 28.7% during the first quarter, Holdings Channel reports. The fund owned 3,357 shares of the shipping service provider’s stock after buying an additional 748 shares during the period. Sii Investments Inc. WI’s holdings in FedEx Corporation were worth $653,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in FedEx Corporation by 5.4% in the first quarter. Vanguard Group Inc. now owns 17,997,225 shares of the shipping service provider’s stock worth $3,512,158,000 after buying an additional 918,896 shares during the last quarter. BlackRock Inc. increased its position in FedEx Corporation by 1,912.1% in the first quarter. BlackRock Inc. now owns 14,823,307 shares of the shipping service provider’s stock worth $2,892,768,000 after buying an additional 14,086,601 shares during the last quarter. Jennison Associates LLC increased its position in FedEx Corporation by 5.4% in the first quarter. Jennison Associates LLC now owns 3,429,971 shares of the shipping service provider’s stock worth $669,359,000 after buying an additional 175,777 shares during the last quarter. Geode Capital Management LLC increased its position in FedEx Corporation by 8.4% in the first quarter. Geode Capital Management LLC now owns 2,236,044 shares of the shipping service provider’s stock worth $435,698,000 after buying an additional 173,544 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in FedEx Corporation by 28.8% in the first quarter. TIAA CREF Investment Management LLC now owns 1,396,492 shares of the shipping service provider’s stock worth $272,525,000 after buying an additional 312,272 shares during the last quarter. Institutional investors own 76.36% of the company’s stock.

Shares of FedEx Corporation (NYSE FDX) traded up 0.94% on Friday, hitting $205.46. 304,307 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $213.01 and its 200 day moving average price is $198.48. FedEx Corporation has a 1-year low of $158.20 and a 1-year high of $219.99. The company has a market cap of $55.12 billion, a price-to-earnings ratio of 18.56 and a beta of 1.27.

FedEx Corporation (NYSE:FDX) last announced its quarterly earnings data on Tuesday, June 20th. The shipping service provider reported $4.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.88 by $0.37. The firm 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 company’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same period in the previous year, the business posted $3.30 EPS. On average, equities research analysts expect that FedEx Corporation will post $13.58 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: This news story was originally published by Daily Political and is the sole property of of Daily Political. If you are reading this news story on another site, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be accessed at https://www.dailypolitical.com/2017/08/11/fedex-corporation-fdx-shares-bought-by-sii-investments-inc-wi.html.

A number of research analysts have recently issued reports on FDX shares. Bank of America Corporation restated a “buy” rating and issued a $240.00 price target (up from $230.00) on shares of FedEx Corporation in a research report on Wednesday, June 21st. Cowen and Company restated an “outperform” rating and issued a $240.00 price target on shares of FedEx Corporation in a research report on Wednesday, June 21st. Zacks Investment Research upgraded shares of FedEx Corporation from a “hold” rating to a “buy” rating and set a $222.00 price target on the stock in a research report on Friday, June 2nd. Loop Capital restated a “buy” rating and issued a $234.00 price target on shares of FedEx Corporation in a research report on Tuesday, July 4th. Finally, UBS AG reiterated a “buy” rating and issued a $235.00 price objective (up from $215.00) on shares of FedEx Corporation in a research report on Wednesday, June 21st. Six investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. FedEx Corporation currently has a consensus rating of “Buy” and a consensus price target of $221.78.

In other news, CEO David L. Cunningham, Jr. sold 17,565 shares of the company’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $211.00, for a total value of $3,706,215.00. Following the completion of the sale, the chief executive officer now directly owns 29,148 shares of the company’s stock, valued at approximately $6,150,228. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John A. Edwardson sold 2,208 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $208.14, for a total value of $459,573.12. Following the completion of the sale, the director now directly owns 30,608 shares of the company’s stock, valued at $6,370,749.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 77,757 shares of company stock valued at $16,447,426. 8.67% of the stock is currently 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.

Want to see what other hedge funds are holding FDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FedEx Corporation (NYSE:FDX).

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

Receive News & Ratings for FedEx Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedEx Corporation and related companies with MarketBeat.com's FREE daily email newsletter.