Thomas Story & Son LLC Purchases 750 Shares of FedEx Co. (NYSE:FDX)

Thomas Story & Son LLC grew its position in shares of FedEx Co. (NYSE:FDX) by 4.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,685 shares of the shipping service provider’s stock after buying an additional 750 shares during the quarter. FedEx accounts for approximately 1.3% of Thomas Story & Son LLC’s investment portfolio, making the stock its 25th biggest holding. Thomas Story & Son LLC’s holdings in FedEx were worth $2,429,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund raised its holdings in shares of FedEx by 22.0% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 107,419 shares of the shipping service provider’s stock worth $17,637,000 after purchasing an additional 19,349 shares during the period. InterOcean Capital LLC grew its stake in FedEx by 8.0% in the 2nd quarter. InterOcean Capital LLC now owns 160,442 shares of the shipping service provider’s stock valued at $26,343,000 after buying an additional 11,932 shares in the last quarter. Heritage Investors Management Corp grew its stake in FedEx by 4.3% in the 2nd quarter. Heritage Investors Management Corp now owns 76,800 shares of the shipping service provider’s stock valued at $12,610,000 after buying an additional 3,189 shares in the last quarter. Greylin Investment Mangement Inc. grew its stake in FedEx by 25.7% in the 2nd quarter. Greylin Investment Mangement Inc. now owns 10,717 shares of the shipping service provider’s stock valued at $1,760,000 after buying an additional 2,194 shares in the last quarter. Finally, Baker Ellis Asset Management LLC grew its stake in FedEx by 4.2% in the 2nd quarter. Baker Ellis Asset Management LLC now owns 4,950 shares of the shipping service provider’s stock valued at $813,000 after buying an additional 200 shares in the last quarter. 71.33% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director R Brad Martin bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was bought at an average cost of $145.00 per share, for a total transaction of $145,000.00. Following the completion of the transaction, the director now owns 49,046 shares of the company’s stock, valued at $7,111,670. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John A. Edwardson bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was bought at an average price of $151.75 per share, with a total value of $758,750.00. Following the completion of the transaction, the director now directly owns 62,966 shares of the company’s stock, valued at approximately $9,555,090.50. The disclosure for this purchase can be found here. 8.44% of the stock is owned by insiders.

FDX has been the subject of a number of recent research reports. JPMorgan Chase & Co. set a $140.00 price objective on shares of FedEx and gave the company a “neutral” rating in a research note on Friday, October 4th. Edward Jones lowered shares of FedEx from a “buy” rating to a “hold” rating in a research note on Wednesday, September 18th. ValuEngine upgraded shares of FedEx from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Oppenheimer reduced their price objective on shares of FedEx from $176.00 to $167.00 and set an “outperform” rating for the company in a research note on Wednesday, September 18th. Finally, DZ Bank reiterated a “sell” rating on shares of FedEx in a research note on Wednesday, September 18th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and sixteen have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $170.40.

Shares of FDX traded down $0.70 during mid-day trading on Friday, reaching $163.22. 1,107,077 shares of the stock traded hands, compared to its average volume of 2,585,977. The firm has a fifty day moving average price of $150.20 and a 200 day moving average price of $162.24. The company has a market cap of $43.01 billion, a price-to-earnings ratio of 10.52, a price-to-earnings-growth ratio of 1.13 and a beta of 1.72. The company has a current ratio of 1.31, a quick ratio of 1.25 and a debt-to-equity ratio of 1.70. FedEx Co. has a 1 year low of $137.78 and a 1 year high of $234.49.

FedEx (NYSE:FDX) last released its quarterly earnings results on Tuesday, September 17th. The shipping service provider reported $3.05 EPS for the quarter, missing analysts’ consensus estimates of $3.17 by ($0.12). The firm had revenue of $17.05 billion for the quarter, compared to analysts’ expectations of $17.05 billion. FedEx had a net margin of 0.65% and a return on equity of 21.15%. The firm’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the firm earned $3.46 earnings per share. On average, sell-side analysts anticipate that FedEx Co. will post 12.11 EPS for the current year.

About FedEx

FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services; and consolidates and delivers low-weight and less time-sensitive business-to-consumer packages.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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