Compagnie Lombard Odier SCmA Sells 100 Shares of FedEx Co. (NYSE:FDX)

Compagnie Lombard Odier SCmA lowered its position in FedEx Co. (NYSE:FDX) by 0.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,550 shares of the shipping service provider’s stock after selling 100 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in FedEx were worth $12,815,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of FDX. International Assets Investment Management LLC boosted its position in FedEx by 473.8% during the 3rd quarter. International Assets Investment Management LLC now owns 784,691 shares of the shipping service provider’s stock valued at $2,147,540,000 after acquiring an additional 647,926 shares in the last quarter. Franklin Resources Inc. boosted its position in FedEx by 8.6% during the 3rd quarter. Franklin Resources Inc. now owns 3,975,531 shares of the shipping service provider’s stock valued at $1,042,050,000 after acquiring an additional 314,380 shares in the last quarter. KBC Group NV boosted its position in FedEx by 197.4% during the 4th quarter. KBC Group NV now owns 341,390 shares of the shipping service provider’s stock valued at $96,043,000 after acquiring an additional 226,608 shares in the last quarter. World Investment Advisors LLC boosted its position in FedEx by 2,163.7% during the 3rd quarter. World Investment Advisors LLC now owns 192,441 shares of the shipping service provider’s stock valued at $52,667,000 after acquiring an additional 183,940 shares in the last quarter. Finally, Empirical Asset Management LLC bought a new stake in FedEx during the 4th quarter valued at $49,445,000. Institutional investors own 84.47% of the company’s stock.

FedEx Price Performance

Shares of NYSE FDX opened at $263.30 on Friday. The business’s 50 day moving average price is $272.98 and its 200 day moving average price is $279.56. The firm has a market cap of $63.41 billion, a P/E ratio of 16.78, a P/E/G ratio of 1.07 and a beta of 1.18. FedEx Co. has a 52 week low of $234.45 and a 52 week high of $313.84. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX) last released its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, topping the consensus estimate of $3.88 by $0.17. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The business had revenue of $22 billion for the quarter, compared to analyst estimates of $22.14 billion. During the same quarter in the prior year, the firm posted $3.99 EPS. The business’s quarterly revenue was down .7% compared to the same quarter last year. On average, sell-side analysts expect that FedEx Co. will post 19.14 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on FDX. TD Cowen increased their target price on FedEx from $328.00 to $337.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Wells Fargo & Company increased their price objective on FedEx from $305.00 to $320.00 and gave the company an “equal weight” rating in a report on Friday, December 20th. Raymond James raised their price objective on FedEx from $305.00 to $320.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Loop Capital lowered FedEx from a “buy” rating to a “hold” rating and reduced their target price for the company from $365.00 to $283.00 in a research report on Monday, February 3rd. Finally, StockNews.com raised FedEx from a “hold” rating to a “buy” rating in a report on Friday, December 20th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, FedEx has an average rating of “Moderate Buy” and a consensus price target of $321.87.

Insiders Place Their Bets

In other news, Director Susan C. Schwab sold 3,980 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total transaction of $1,100,271.00. Following the completion of the transaction, the director now directly owns 8,904 shares of the company’s stock, valued at $2,461,510.80. This represents a 30.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP John W. Dietrich bought 1,000 shares of FedEx stock in a transaction dated Tuesday, January 7th. The shares were acquired at an average cost of $273.98 per share, with a total value of $273,980.00. Following the completion of the purchase, the executive vice president now owns 9,067 shares in the company, valued at approximately $2,484,176.66. This trade represents a 12.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 8.87% of the company’s stock.

FedEx Profile

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.