Westside Investment Management Inc. increased its stake in shares of FedEx Corporation (NYSE:FDX) by 1.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,193 shares of the shipping service provider’s stock after purchasing an additional 105 shares during the quarter. FedEx Corporation comprises about 0.9% of Westside Investment Management Inc.’s portfolio, making the stock its 23rd biggest position. Westside Investment Management Inc.’s holdings in FedEx Corporation were worth $1,355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FDX. Strategic Advisors LLC boosted its stake in FedEx Corporation by 16.7% in the second quarter. Strategic Advisors LLC now owns 2,138 shares of the shipping service provider’s stock valued at $465,000 after acquiring an additional 306 shares during the last quarter. Handelsbanken Fonder AB bought a new position in FedEx Corporation in the second quarter valued at approximately $435,000. Stevens Capital Management LP boosted its stake in FedEx Corporation by 60.6% in the second quarter. Stevens Capital Management LP now owns 39,340 shares of the shipping service provider’s stock valued at $8,550,000 after acquiring an additional 14,845 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in FedEx Corporation by 1.3% in the second quarter. Janney Montgomery Scott LLC now owns 53,299 shares of the shipping service provider’s stock valued at $11,584,000 after acquiring an additional 707 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in FedEx Corporation by 2.7% in the second quarter. Vanguard Group Inc. now owns 18,490,065 shares of the shipping service provider’s stock valued at $4,018,446,000 after acquiring an additional 492,840 shares during the last quarter. 76.27% of the stock is currently owned by institutional investors and hedge funds.

Shares of FedEx Corporation (NYSE:FDX) opened at $220.50 on Thursday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.63 and a quick ratio of 1.57. FedEx Corporation has a 52 week low of $176.44 and a 52 week high of $231.35. The stock has a market cap of $59,303.55, a price-to-earnings ratio of 18.57, a price-to-earnings-growth ratio of 1.39 and a beta of 1.37.

FedEx Corporation (NYSE:FDX) last issued its quarterly earnings results on Tuesday, September 19th. The shipping service provider reported $2.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.17 by ($0.66). FedEx Corporation had a net margin of 4.72% and a return on equity of 20.69%. The business had revenue of $15.30 billion during the quarter, compared to analyst estimates of $15.35 billion. During the same quarter in the previous year, the firm posted $2.90 earnings per share. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. equities research analysts anticipate that FedEx Corporation will post 12.47 earnings per share for the current fiscal year.

FDX has been the topic of a number of recent research reports. Vetr cut shares of FedEx Corporation to a “sell” rating and set a $204.84 price objective on the stock. in a research note on Thursday, August 31st. J P Morgan Chase & Co raised their price objective on shares of FedEx Corporation from $237.00 to $264.00 and gave the company an “overweight” rating in a research note on Thursday, October 12th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $233.00 price objective (down from $242.00) on shares of FedEx Corporation in a research note on Friday, September 15th. Robert W. Baird reaffirmed a “buy” rating and issued a $235.00 price objective on shares of FedEx Corporation in a research note on Tuesday, September 12th. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $240.00 price objective on shares of FedEx Corporation in a research note on Tuesday, September 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $228.56.

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In other news, Director Kim Jabal sold 3,980 shares of FedEx Corporation stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $225.55, for a total value of $897,689.00. Following the completion of the transaction, the director now owns 6,080 shares of the company’s stock, valued at approximately $1,371,344. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael L. Ducker sold 14,964 shares of FedEx Corporation stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $225.85, for a total transaction of $3,379,619.40. Following the completion of the transaction, the chief executive officer now directly owns 53,397 shares of the company’s stock, valued at approximately $12,059,712.45. The disclosure for this sale can be found here. In the last three months, insiders sold 40,094 shares of company stock valued at $9,024,637. Insiders own 8.45% of the company’s stock.

FedEx Corporation Company Profile

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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