Capital International Inc. CA Sells 6,060 Shares of FedEx Corporation $FDX

Capital International Inc. CA trimmed its stake in FedEx Corporation (NYSE:FDX) by 4.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 134,849 shares of the shipping service provider’s stock after selling 6,060 shares during the period. Capital International Inc. CA’s holdings in FedEx were worth $38,952,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Wealth Watch Advisors INC bought a new stake in shares of FedEx in the 3rd quarter valued at approximately $28,000. Ameriflex Group Inc. lifted its stake in shares of FedEx by 103.3% in the 3rd quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider’s stock valued at $29,000 after purchasing an additional 63 shares during the last quarter. Ulland Investment Advisors LLC bought a new stake in shares of FedEx in the 4th quarter valued at approximately $29,000. Tucker Asset Management LLC bought a new stake in shares of FedEx in the 4th quarter valued at approximately $29,000. Finally, ORG Partners LLC lifted its stake in shares of FedEx by 50.0% in the 4th quarter. ORG Partners LLC now owns 105 shares of the shipping service provider’s stock valued at $30,000 after purchasing an additional 35 shares during the last quarter. 84.47% of the stock is owned by institutional investors.

Key Stories Impacting FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: FedEx Freight’s debut as a separate company drew fresh analyst coverage and upbeat commentary, with some observers calling it a potential “true winner” and a catalyst for value creation at FedEx. FedEx Freight Stock (FDXF) Soars on Fresh Analyst Coverage
• Positive Sentiment: Analysts and market commentators said the spinoff may help FedEx streamline operations and fully launch its Network 2.0 initiative, which could improve margins and long-term earnings power. Is FedEx a Buy Following Its FedEx Freight Spinoff?
• Positive Sentiment: Jim Cramer highlighted the new breakup of FedEx as a long-awaited move that could be viewed favorably by investors looking for a cleaner, more focused company structure. Why Jim Cramer Says Newly Public FedEx Freight Stock Could Be a ‘True Winner’
• Neutral Sentiment: FedEx has recently outperformed some industrial peers, but commentary remains mixed, with valuation concerns and conflicting analyst views keeping enthusiasm in check. FedEx Stock: Is FDX Outperforming the Industrial Sector?
• Negative Sentiment: One FreightWaves report said a FedEx partner airline may face service risk on Caribbean routes without an FAA waiver, which could raise operational uncertainty for parts of the cargo network. FedEx partner airline says Caribbean service at risk without FAA waiver

Wall Street Analysts Forecast Growth

FDX has been the subject of several analyst reports. BMO Capital Markets lowered their price objective on FedEx from $410.00 to $340.00 and set a “market perform” rating for the company in a research note on Monday, June 1st. Evercore lowered FedEx from an “outperform” rating to a “cautious” rating in a research note on Wednesday, May 27th. Wells Fargo & Company raised FedEx from an “overweight” rating to an “overweight” rating in a research note on Wednesday, May 27th. Rothschild & Co Redburn decreased their price target on FedEx from $375.00 to $344.00 and set a “neutral” rating for the company in a research note on Tuesday, June 2nd. Finally, TD Cowen raised their price target on FedEx from $383.00 to $426.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. Eighteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, FedEx currently has an average rating of “Moderate Buy” and a consensus target price of $372.41.

Insider Transactions at FedEx

In other FedEx news, EVP Kawal Preet sold 4,900 shares of the firm’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $367.89, for a total transaction of $1,802,661.00. Following the transaction, the executive vice president directly owned 10,953 shares in the company, valued at $4,029,499.17. This trade represents a 30.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Susan C. Schwab sold 5,795 shares of the firm’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $369.00, for a total value of $2,138,355.00. Following the transaction, the director owned 10,038 shares in the company, valued at $3,704,022. The trade was a 36.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 48,104 shares of company stock valued at $17,599,006. Company insiders own 0.53% of the company’s stock.

FedEx Price Performance

Shares of FDX stock opened at $331.59 on Friday. FedEx Corporation has a 52-week low of $172.88 and a 52-week high of $341.14. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.44 and a current ratio of 1.47. The firm has a market capitalization of $79.12 billion, a P/E ratio of 17.65, a P/E/G ratio of 1.51 and a beta of 1.28. The stock has a 50 day moving average price of $373.71 and a 200 day moving average price of $340.31.

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

FedEx Company Profile

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.