FedEx Corporation $FDX Shares Acquired by Sivia Capital Partners LLC

Sivia Capital Partners LLC raised its holdings in shares of FedEx Corporation (NYSE:FDX) by 62.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,513 shares of the shipping service provider’s stock after acquiring an additional 2,119 shares during the period. Sivia Capital Partners LLC’s holdings in FedEx were worth $1,592,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of FDX. Norges Bank acquired a new stake in FedEx during the 4th quarter valued at approximately $859,085,000. Vanguard Group Inc. lifted its stake in FedEx by 13.2% during the 3rd quarter. Vanguard Group Inc. now owns 23,442,049 shares of the shipping service provider’s stock valued at $5,527,870,000 after acquiring an additional 2,741,723 shares during the period. Boston Partners acquired a new position in shares of FedEx in the 3rd quarter valued at $468,195,000. Dodge & Cox lifted its stake in shares of FedEx by 12.0% in the 3rd quarter. Dodge & Cox now owns 16,225,160 shares of the shipping service provider’s stock valued at $3,826,055,000 after purchasing an additional 1,742,666 shares during the period. Finally, AQR Capital Management LLC lifted its stake in shares of FedEx by 169.2% in the 3rd quarter. AQR Capital Management LLC now owns 2,733,905 shares of the shipping service provider’s stock valued at $638,203,000 after purchasing an additional 1,718,278 shares during the period. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. BMO Capital Markets decreased their target price on shares of FedEx from $410.00 to $340.00 and set a “market perform” rating for the company in a research note on Monday. HSBC decreased their target price on shares of FedEx from $360.00 to $289.89 and set a “hold” rating for the company in a research note on Monday. JPMorgan Chase & Co. upgraded shares of FedEx from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $432.00 to $460.00 in a research note on Wednesday, May 27th. Wall Street Zen cut shares of FedEx from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 12th. Finally, Seaport Research Partners assumed coverage on shares of FedEx in a research note on Wednesday, May 27th. They issued a “buy” rating for the company. Eighteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $372.41.

Insider Activity

In other news, Director Susan C. Schwab sold 5,795 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $369.00, for a total transaction of $2,138,355.00. Following the transaction, the director owned 10,038 shares of the company’s stock, valued at approximately $3,704,022. The trade was a 36.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Tracy B. Brightman sold 16,959 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $363.47, for a total transaction of $6,164,087.73. Following the transaction, the executive vice president directly owned 11,052 shares in the company, valued at approximately $4,017,070.44. The trade was a 60.54% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 48,104 shares of company stock worth $17,599,006. 0.53% of the stock is owned by insiders.

FedEx Price Performance

Shares of NYSE FDX opened at $324.78 on Thursday. The firm has a market cap of $77.49 billion, a PE ratio of 17.28, a PEG ratio of 1.11 and a beta of 1.28. The firm has a fifty day moving average of $374.86 and a 200 day moving average of $339.94. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.44 and a current ratio of 1.47. FedEx Corporation has a one year low of $216.10 and a one year high of $413.87.

FedEx (NYSE:FDX) last released its earnings results on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.12 by $1.13. FedEx had a net margin of 4.88% and a return on equity of 16.76%. The business had revenue of $24 billion during the quarter, compared to analyst estimates of $23.44 billion. During the same quarter in the prior year, the firm earned $4.51 earnings per share. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. As a group, research analysts predict that FedEx Corporation will post 19.63 EPS for the current fiscal year.

More FedEx News

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Several pieces of commentary argue the FedEx Freight spin-off could unlock value for FedEx by creating a leaner express/ground business with better margin expansion potential and higher returns on invested capital. FedEx Unboxes Billions in Post-Spinoff Value
• Positive Sentiment: FedEx is also expected to announce another dividend increase when it reports results on June 23, which could appeal to income-focused investors. Dear Dividend Investors, Mark Your Calendars for June 23
• Positive Sentiment: Goldman Sachs reiterated a Buy rating, and Bank of America said the spin-off could improve cost savings and buyback capacity at FedEx. FedEx (FDX) Receives a Buy from Goldman Sachs

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.