Check Capital Management Inc. CA Sells 197,951 Shares of FedEx Corporation $FDX

Check Capital Management Inc. CA lessened its position in shares of FedEx Corporation (NYSE:FDX) by 98.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,237 shares of the shipping service provider’s stock after selling 197,951 shares during the period. FedEx comprises 0.0% of Check Capital Management Inc. CA’s holdings, making the stock its 28th largest position. Check Capital Management Inc. CA’s holdings in FedEx were worth $646,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in FDX. Grey Fox Wealth Advisors LLC bought a new position in FedEx during the 3rd quarter worth about $27,000. Wealth Watch Advisors INC bought a new position in FedEx during the 3rd quarter worth about $28,000. Ameriflex Group Inc. increased its holdings in FedEx by 103.3% during the 3rd quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider’s stock worth $29,000 after purchasing an additional 63 shares in the last quarter. Ulland Investment Advisors LLC bought a new position in FedEx during the 4th quarter worth about $29,000. Finally, Tucker Asset Management LLC bought a new position in FedEx during the 4th quarter worth about $29,000. Institutional investors own 84.47% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Gina F. Adams sold 20,450 shares of FedEx stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $366.45, for a total transaction of $7,493,902.50. Following the completion of the transaction, the executive vice president owned 19,403 shares in the company, valued at approximately $7,110,229.35. This trade represents a 51.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Tracy B. Brightman sold 16,959 shares of FedEx stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $363.47, for a total value of $6,164,087.73. Following the transaction, the executive vice president owned 11,052 shares of the company’s stock, valued at $4,017,070.44. The trade was a 60.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 48,104 shares of company stock worth $17,599,006. Company insiders own 0.53% of the company’s stock.

FedEx Price Performance

Shares of NYSE FDX opened at $386.22 on Thursday. FedEx Corporation has a fifty-two week low of $214.35 and a fifty-two week high of $404.03. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.47 and a quick ratio of 1.44. The stock has a market capitalization of $92.15 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 1.42 and a beta of 1.29. The business has a 50-day moving average of $369.79 and a 200-day moving average of $331.43.

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Citigroup increased their target price on FedEx from $327.00 to $401.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Rothschild & Co Redburn raised their price objective on FedEx from $317.00 to $371.00 and gave the company a “neutral” rating in a report on Tuesday, February 24th. Sanford C. Bernstein raised their price objective on FedEx from $457.00 to $470.00 and gave the company an “outperform” rating in a report on Thursday, April 9th. Bank of America raised their price objective on FedEx from $431.00 to $440.00 and gave the company a “buy” rating in a report on Friday, March 20th. Finally, Wolfe Research decreased their price objective on FedEx from $427.00 to $423.00 and set an “outperform” rating for the company in a report on Tuesday, April 7th. Eighteen investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $398.04.

About FedEx

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.