Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in FedEx Co. (NYSE:FDX) by 12.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,596 shares of the shipping service provider’s stock after purchasing an additional 7,814 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in FedEx were worth $15,575,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of FDX. Moneta Group Investment Advisors LLC raised its holdings in shares of FedEx by 14,866.7% during the 1st quarter. Moneta Group Investment Advisors LLC now owns 449 shares of the shipping service provider’s stock worth $108,000 after acquiring an additional 446 shares in the last quarter. Vigilant Capital Management LLC purchased a new stake in shares of FedEx during the 2nd quarter worth approximately $114,000. IMA Wealth Inc. purchased a new stake in shares of FedEx during the 2nd quarter worth approximately $136,000. Trust Department MB Financial Bank N A purchased a new stake in shares of FedEx during the 2nd quarter worth approximately $141,000. Finally, Kaizen Advisory LLC raised its holdings in shares of FedEx by 174.2% during the 2nd quarter. Kaizen Advisory LLC now owns 647 shares of the shipping service provider’s stock worth $147,000 after acquiring an additional 411 shares in the last quarter. 74.06% of the stock is currently owned by institutional investors.

Shares of FedEx opened at $241.31 on Monday, according to MarketBeat. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.39 and a quick ratio of 1.33. The firm has a market cap of $63.93 billion, a P/E ratio of 15.76, a P/E/G ratio of 1.10 and a beta of 1.43. FedEx Co. has a 1-year low of $203.13 and a 1-year high of $274.66.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Tuesday, June 19th. The shipping service provider reported $5.91 earnings per share for the quarter, topping analysts’ consensus estimates of $5.72 by $0.19. The firm had revenue of $17.31 billion during the quarter, compared to analysts’ expectations of $17.24 billion. FedEx had a return on equity of 23.17% and a net margin of 6.99%. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the business posted $4.25 EPS. equities analysts forecast that FedEx Co. will post 17.31 EPS for the current fiscal year.

Several analysts have recently issued reports on the company. UBS Group cut FedEx from a “buy” rating to a “neutral” rating and set a $256.00 price objective on the stock. in a report on Monday, July 16th. Loop Capital cut their price objective on FedEx to $310.00 and set a “buy” rating on the stock in a research report on Thursday, June 21st. Zacks Investment Research downgraded FedEx from a “buy” rating to a “hold” rating in a research report on Thursday, June 21st. Morgan Stanley cut their price objective on FedEx from $248.00 to $245.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 20th. Finally, Credit Suisse Group upped their price objective on FedEx from $306.00 to $315.00 and gave the company an “outperform” rating in a research report on Wednesday, June 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eighteen have given a buy rating to the company’s stock. FedEx presently has a consensus rating of “Buy” and an average target price of $283.75.

FedEx Company Profile

FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment provides various shipping services for the delivery of packages and freight; international trade services specializing in customs brokerage, and ocean and air freight forwarding services; assistance with the customs-trade partnership against terrorism program; and customs clearance services, as well as an information tool that allows customers to track and manage imports.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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