Ferguson Wellman Capital Management Inc. Buys 85 Shares of FedEx Co. (NYSE:FDX)

Ferguson Wellman Capital Management Inc. increased its holdings in shares of FedEx Co. (NYSE:FDX) by 5.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,617 shares of the shipping service provider’s stock after acquiring an additional 85 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in FedEx were worth $443,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Czech National Bank boosted its position in shares of FedEx by 6.4% during the 3rd quarter. Czech National Bank now owns 45,909 shares of the shipping service provider’s stock valued at $12,564,000 after acquiring an additional 2,767 shares in the last quarter. Magnolia Capital Advisors LLC acquired a new stake in shares of FedEx during the 2nd quarter valued at about $9,226,000. Raymond James & Associates boosted its position in shares of FedEx by 6.9% during the 3rd quarter. Raymond James & Associates now owns 485,698 shares of the shipping service provider’s stock valued at $132,926,000 after acquiring an additional 31,241 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of FedEx during the 2nd quarter valued at about $22,052,000. Finally, Versor Investments LP acquired a new stake in shares of FedEx during the 3rd quarter valued at about $2,096,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Trading Up 0.1 %

FDX opened at $292.28 on Friday. FedEx Co. has a fifty-two week low of $234.45 and a fifty-two week high of $313.84. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.28 and a quick ratio of 1.24. The company has a market cap of $71.41 billion, a price-to-earnings ratio of 18.03, a price-to-earnings-growth ratio of 1.17 and a beta of 1.17. The firm has a 50 day simple moving average of $275.04 and a 200 day simple moving average of $275.95.

FedEx (NYSE:FDX) last issued its earnings results on Thursday, September 19th. The shipping service provider reported $3.60 EPS for the quarter, missing the consensus estimate of $4.82 by ($1.22). FedEx had a net margin of 4.62% and a return on equity of 15.61%. The firm had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $21.87 billion. During the same period in the previous year, the company posted $4.55 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. On average, sell-side analysts anticipate that FedEx Co. will post 19.59 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on FDX shares. HSBC lowered shares of FedEx from a “buy” rating to a “hold” rating and set a $300.00 target price on the stock. in a research report on Friday, September 20th. JPMorgan Chase & Co. reduced their price target on shares of FedEx from $359.00 to $350.00 and set an “overweight” rating on the stock in a research report on Friday, September 20th. Citigroup boosted their price target on shares of FedEx from $301.00 to $331.00 and gave the company a “buy” rating in a research report on Tuesday. UBS Group reduced their price target on shares of FedEx from $333.00 to $311.00 and set a “buy” rating on the stock in a research report on Friday, September 20th. Finally, Bernstein Bank boosted their price target on shares of FedEx from $305.00 to $337.00 and gave the company an “overweight” rating in a research report on Friday, September 20th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $316.04.

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.