Foundations Investment Advisors LLC Has $545,000 Stock Position in FedEx Co. (NYSE:FDX)

Foundations Investment Advisors LLC grew its holdings in FedEx Co. (NYSE:FDX) by 18.3% in the 4th quarter, Holdings Channel reports. The fund owned 2,252 shares of the shipping service provider’s stock after purchasing an additional 348 shares during the quarter. Foundations Investment Advisors LLC’s holdings in FedEx were worth $545,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Financial Management Professionals Inc. boosted its holdings in FedEx by 143.2% in the 4th quarter. Financial Management Professionals Inc. now owns 107 shares of the shipping service provider’s stock valued at $27,000 after purchasing an additional 63 shares during the period. Rakuten Securities Inc. bought a new stake in shares of FedEx in the fourth quarter valued at about $30,000. Tennessee Valley Asset Management Partners acquired a new stake in FedEx during the fourth quarter worth about $31,000. Planned Solutions Inc. bought a new position in FedEx during the fourth quarter valued at about $32,000. Finally, Valley National Advisers Inc. raised its holdings in FedEx by 123.3% in the 4th quarter. Valley National Advisers Inc. now owns 134 shares of the shipping service provider’s stock valued at $33,000 after acquiring an additional 74 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on FDX shares. The Goldman Sachs Group boosted their price objective on FedEx from $291.00 to $324.00 and gave the company a “buy” rating in a research report on Friday, March 22nd. Jefferies Financial Group raised their price objective on shares of FedEx from $265.00 to $300.00 and gave the stock a “hold” rating in a report on Friday, March 22nd. Morgan Stanley increased their price target on shares of FedEx from $195.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Friday, March 22nd. BMO Capital Markets lifted their price objective on FedEx from $290.00 to $310.00 and gave the company a “market perform” rating in a report on Friday, March 22nd. Finally, Barclays increased their target price on FedEx from $310.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $301.33.

FedEx Trading Down 0.6 %

Shares of NYSE FDX opened at $257.20 on Friday. FedEx Co. has a fifty-two week low of $213.80 and a fifty-two week high of $291.27. The firm has a market capitalization of $63.29 billion, a P/E ratio of 14.83, a P/E/G ratio of 1.22 and a beta of 1.23. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.31 and a quick ratio of 1.26. The company’s 50 day simple moving average is $267.12 and its 200 day simple moving average is $256.45.

FedEx (NYSE:FDX) last released its quarterly earnings data on Thursday, March 21st. The shipping service provider reported $3.86 EPS for the quarter, beating analysts’ consensus estimates of $3.49 by $0.37. The business had revenue of $21.70 billion during the quarter, compared to the consensus estimate of $21.95 billion. FedEx had a return on equity of 16.60% and a net margin of 5.02%. The firm’s revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.41 earnings per share. On average, analysts predict that FedEx Co. will post 17.7 EPS for the current year.

FedEx announced that its Board of Directors has initiated a share buyback plan on Thursday, March 21st that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the shipping service provider to buy up to 7.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at FedEx

In other FedEx news, Director Susan C. Schwab sold 6,145 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $288.02, for a total value of $1,769,882.90. Following the completion of the transaction, the director now directly owns 7,865 shares of the company’s stock, valued at $2,265,277.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Chairman Frederick W. Smith sold 113,400 shares of the company’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $274.30, for a total value of $31,105,620.00. Following the completion of the transaction, the chairman now directly owns 14,505,844 shares of the company’s stock, valued at approximately $3,978,953,009.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Susan C. Schwab sold 6,145 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $288.02, for a total value of $1,769,882.90. Following the transaction, the director now owns 7,865 shares of the company’s stock, valued at approximately $2,265,277.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 136,668 shares of company stock valued at $37,758,773. Corporate insiders own 8.73% 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.