Achmea Investment Management B.V. Has $713,000 Holdings in FedEx Corporation (FDX)
Achmea Investment Management B.V. trimmed its holdings in FedEx Corporation (NYSE:FDX) by 61.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,283 shares of the shipping service provider’s stock after selling 5,172 shares during the period. Achmea Investment Management B.V.’s holdings in FedEx Corporation were worth $713,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Krilogy Financial LLC raised its holdings in FedEx Corporation by 0.4% in the 2nd quarter. Krilogy Financial LLC now owns 511 shares of the shipping service provider’s stock valued at $111,000 after acquiring an additional 2 shares in the last quarter. Cribstone Capital Management LLC lifted its stake in shares of FedEx Corporation by 1.2% in the 2nd quarter. Cribstone Capital Management LLC now owns 489 shares of the shipping service provider’s stock valued at $107,000 after purchasing an additional 6 shares during the period. Guardian Life Insurance Co. of America raised its stake in FedEx Corporation by 1.0% during the 1st quarter. Guardian Life Insurance Co. of America now owns 943 shares of the shipping service provider’s stock worth $184,000 after buying an additional 9 shares during the period. Park National Corp OH raised its stake in FedEx Corporation by 0.9% during the 2nd quarter. Park National Corp OH now owns 1,178 shares of the shipping service provider’s stock worth $256,000 after buying an additional 10 shares during the period. Finally, Alexandria Capital LLC raised its stake in FedEx Corporation by 2.5% during the 2nd quarter. Alexandria Capital LLC now owns 540 shares of the shipping service provider’s stock worth $117,000 after buying an additional 13 shares during the period. 76.22% of the stock is owned by institutional investors.
In related news, Director Kim Jabal sold 3,980 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $225.55, for a total value of $897,689.00. Following the sale, the director now owns 6,080 shares in the company, valued at $1,371,344. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael L. Ducker sold 14,964 shares of the stock in a transaction on Friday, September 29th. The stock was sold at an average price of $225.85, for a total value of $3,379,619.40. Following the completion of the sale, the chief executive officer now owns 53,397 shares in the company, valued at approximately $12,059,712.45. The disclosure for this sale can be found here. Insiders sold 40,094 shares of company stock worth $9,024,637 in the last quarter. 8.45% of the stock is currently owned by company insiders.
A number of analysts have commented on FDX shares. Vetr lowered FedEx Corporation to a “sell” rating and set a $204.84 price objective for the company. in a report on Thursday, August 31st. J P Morgan Chase & Co boosted their price objective on FedEx Corporation from $237.00 to $264.00 and gave the stock an “overweight” rating in a report on Thursday, October 12th. Credit Suisse Group reissued an “outperform” rating and set a $233.00 price objective (down from $242.00) on shares of FedEx Corporation in a report on Friday, September 15th. Robert W. Baird reissued a “buy” rating and set a $235.00 price objective on shares of FedEx Corporation in a report on Tuesday, September 12th. Finally, Cowen and Company reissued a “buy” rating and set a $240.00 price objective on shares of FedEx Corporation in a report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-three have given a buy rating to the stock. FedEx Corporation currently has a consensus rating of “Buy” and a consensus price target of $230.21.
Shares of FedEx Corporation (FDX) opened at $219.94 on Wednesday. The stock has a market capitalization of $59,375.95, a price-to-earnings ratio of 18.59, a price-to-earnings-growth ratio of 1.39 and a beta of 1.37. FedEx Corporation has a 12-month low of $182.75 and a 12-month high of $231.35. The company has a current ratio of 1.63, a quick ratio of 1.57 and a debt-to-equity ratio of 0.91.
FedEx Corporation (NYSE:FDX) last posted its 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 return on equity of 20.69% and a net margin of 4.72%. The company had revenue of $15.30 billion for the quarter, compared to analysts’ expectations of $15.35 billion. During the same quarter in the prior year, the company earned $2.90 EPS. The company’s revenue was up 4.1% on a year-over-year basis. sell-side analysts forecast that FedEx Corporation will post 12.47 EPS for the current year.
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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