FedEx Corporation $FDX Shares Sold by Mmbg Investment Advisors CO.

Mmbg Investment Advisors CO. lowered its position in FedEx Corporation (NYSE:FDX) by 23.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 8,212 shares of the shipping service provider’s stock after selling 2,565 shares during the quarter. Mmbg Investment Advisors CO.’s holdings in FedEx were worth $2,386,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Ulland Investment Advisors LLC acquired a new stake in shares of FedEx in the 4th quarter worth approximately $29,000. Tucker Asset Management LLC purchased a new position in FedEx during the fourth quarter worth $29,000. ORG Partners LLC increased its position in FedEx by 50.0% during the fourth quarter. ORG Partners LLC now owns 105 shares of the shipping service provider’s stock worth $30,000 after buying an additional 35 shares in the last quarter. Camelot Portfolios LLC purchased a new position in FedEx during the fourth quarter worth $31,000. Finally, Wealth Watch Advisors INC purchased a new position in FedEx during the third quarter worth $28,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on FDX shares. Citigroup started coverage on FedEx in a research report on Thursday, May 21st. They set a “buy” rating and a $443.00 price target for the company. Barclays reissued a “buy” rating on shares of FedEx in a research report on Friday. Wall Street Zen downgraded FedEx from a “strong-buy” rating to a “buy” rating in a research report on Sunday, April 12th. Susquehanna raised their price target on FedEx from $410.00 to $455.00 and gave the stock a “positive” rating in a research report on Friday, March 20th. Finally, Sanford C. Bernstein raised their price target on FedEx from $457.00 to $470.00 and gave the stock an “outperform” rating in a research report on Thursday, April 9th. Eighteen equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $399.62.

Insider Transactions at FedEx

In other news, EVP Kawal Preet sold 4,900 shares of the firm’s stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $367.89, for a total transaction of $1,802,661.00. Following the completion of the sale, the executive vice president directly owned 10,953 shares in the company, valued at $4,029,499.17. This trade represents a 30.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Tracy B. Brightman sold 16,959 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $363.47, for a total value of $6,164,087.73. Following the sale, the executive vice president owned 11,052 shares of the company’s stock, valued at $4,017,070.44. This represents a 60.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 48,104 shares of company stock valued at $17,599,006. Corporate insiders own 0.53% of the company’s stock.

FedEx Trading Down 0.0%

Shares of FDX opened at $394.18 on Tuesday. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $94.05 billion, a P/E ratio of 20.98, a price-to-earnings-growth ratio of 1.49 and a beta of 1.29. The stock’s fifty day simple moving average is $371.88 and its 200 day simple moving average is $334.37. FedEx Corporation has a twelve month low of $214.35 and a twelve month high of $404.03.

FedEx (NYSE:FDX) last issued its earnings results on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share for the quarter, topping the consensus estimate of $4.12 by $1.13. The business had revenue of $24 billion for the quarter, compared to analyst estimates of $23.44 billion. FedEx had a return on equity of 16.76% and a net margin of 4.88%.The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the company posted $4.51 EPS. On average, equities research analysts forecast that FedEx Corporation will post 19.72 earnings per share for the current year.

FedEx 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.