Wilbanks Smith & Thomas Asset Management LLC grew its stake in FedEx Co. (NYSE:FDX) by 3.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 14,303 shares of the shipping service provider’s stock after buying an additional 436 shares during the period. Wilbanks Smith & Thomas Asset Management LLC’s holdings in FedEx were worth $3,569,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Salem Investment Counselors Inc. lifted its stake in shares of FedEx by 2.8% in the 2nd quarter. Salem Investment Counselors Inc. now owns 479 shares of the shipping service provider’s stock valued at $104,000 after purchasing an additional 13 shares during the period. Cerebellum GP LLC bought a new stake in shares of FedEx in the 4th quarter valued at $125,000. Krilogy Financial LLC increased its position in shares of FedEx 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 buying an additional 2 shares in the last quarter. Financial Engines Advisors L.L.C. bought a new stake in shares of FedEx in the 3rd quarter valued at $132,000. Finally, Massey Quick Simon & CO. LLC bought a new stake in shares of FedEx in the 3rd quarter valued at $136,000. 75.94% of the stock is currently owned by institutional investors.

Shares of FedEx Co. (NYSE FDX) opened at $240.32 on Wednesday. FedEx Co. has a one year low of $182.89 and a one year high of $274.66. The stock has a market cap of $64,274.75, a PE ratio of 22.15, a P/E/G ratio of 1.40 and a beta of 1.30. The company has a quick ratio of 1.50, a current ratio of 1.57 and a debt-to-equity ratio of 0.89.

FedEx (NYSE:FDX) last issued its earnings results on Tuesday, December 19th. The shipping service provider reported $3.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.89 by $0.29. FedEx had a net margin of 4.74% and a return on equity of 20.56%. The business had revenue of $16.30 billion during the quarter, compared to the consensus estimate of $15.67 billion. During the same period last year, the business posted $2.80 EPS. FedEx’s revenue was up 9.4% on a year-over-year basis. equities analysts predict that FedEx Co. will post 13.45 earnings per share for the current fiscal year.

FDX has been the subject of a number of recent analyst reports. Citigroup upped their price objective on shares of FedEx to $275.00 and gave the company a “buy” rating in a research report on Tuesday, December 12th. Credit Suisse Group restated a “positive” rating and issued a $283.00 price objective (up previously from $278.00) on shares of FedEx in a research report on Wednesday, December 20th. Stephens set a $306.00 price objective on shares of FedEx and gave the company a “buy” rating in a research report on Wednesday, December 20th. Robert W. Baird restated a “buy” rating and issued a $270.00 price objective on shares of FedEx in a research report on Monday. Finally, Zacks Investment Research cut shares of FedEx from a “hold” rating to a “sell” rating in a research report on Monday, November 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $272.69.

In other FedEx news, EVP Robert B. Carter sold 3,970 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $250.73, for a total transaction of $995,398.10. Following the completion of the sale, the executive vice president now directly owns 187,025 shares in the company, valued at $46,892,778.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David P. Steiner sold 3,016 shares of the firm’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $266.05, for a total transaction of $802,406.80. Following the sale, the director now owns 16,040 shares of the company’s stock, valued at $4,267,442. The disclosure for this sale can be found here. Insiders have sold 53,541 shares of company stock valued at $13,692,142 over the last 90 days. Company insiders own 8.45% of the company’s stock.

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FedEx 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 (NYSE:FDX)

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