Ferguson Wellman Capital Management Inc. Has $443,000 Holdings in FedEx Co. (NYSE:FDX)

Ferguson Wellman Capital Management Inc. grew its stake in FedEx Co. (NYSE:FDX) by 5.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,617 shares of the shipping service provider’s stock after buying an additional 85 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in FedEx were worth $443,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of FedEx by 5.4% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,395 shares of the shipping service provider’s stock valued at $1,750,000 after buying an additional 330 shares during the period. Metis Global Partners LLC boosted its holdings in shares of FedEx by 1.1% in the third quarter. Metis Global Partners LLC now owns 8,550 shares of the shipping service provider’s stock valued at $2,340,000 after buying an additional 96 shares during the period. Schulhoff & Co. Inc. boosted its holdings in FedEx by 61.3% during the third quarter. Schulhoff & Co. Inc. now owns 1,315 shares of the shipping service provider’s stock worth $360,000 after purchasing an additional 500 shares during the last quarter. Curi RMB Capital LLC boosted its holdings in FedEx by 1.6% during the third quarter. Curi RMB Capital LLC now owns 3,568 shares of the shipping service provider’s stock worth $976,000 after purchasing an additional 57 shares during the last quarter. Finally, Kovack Advisors Inc. boosted its holdings in FedEx by 186.4% during the third quarter. Kovack Advisors Inc. now owns 4,222 shares of the shipping service provider’s stock worth $1,156,000 after purchasing an additional 2,748 shares during the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on FDX. JPMorgan Chase & Co. reduced their target price on shares of FedEx from $359.00 to $350.00 and set an “overweight” rating for the company in a report on Friday, September 20th. Barclays increased their target price on shares of FedEx from $350.00 to $365.00 and gave the stock an “overweight” rating in a report on Wednesday. TD Cowen reduced their target price on shares of FedEx from $334.00 to $328.00 and set a “buy” rating for the company in a report on Friday, September 20th. Susquehanna cut their price target on shares of FedEx from $345.00 to $330.00 and set a “positive” rating for the company in a research note on Friday, September 20th. Finally, UBS Group cut their price target on shares of FedEx from $333.00 to $311.00 and set a “buy” rating for the company in a research note on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $316.04.

FedEx Price Performance

NYSE:FDX opened at $292.28 on Friday. FedEx Co. has a 52 week low of $234.45 and a 52 week high of $313.84. The firm has a market cap of $71.41 billion, a price-to-earnings ratio of 18.03, a P/E/G ratio of 1.17 and a beta of 1.17. The firm’s 50-day simple moving average is $275.04 and its 200 day simple moving average is $275.95. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.28.

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

FedEx Company 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.