BB&T Securities LLC Has $12.44 Million Position in FedEx Co. (FDX)

BB&T Securities LLC lifted its position in FedEx Co. (NYSE:FDX) by 74.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,112 shares of the shipping service provider’s stock after acquiring an additional 32,951 shares during the period. BB&T Securities LLC’s holdings in FedEx were worth $12,439,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Franklin Resources Inc. raised its holdings in FedEx by 2.2% during the 3rd quarter. Franklin Resources Inc. now owns 551,315 shares of the shipping service provider’s stock worth $132,752,000 after buying an additional 11,798 shares during the period. Focused Investors LLC acquired a new stake in FedEx during the 4th quarter worth approximately $66,774,000. Sonora Investment Management LLC raised its holdings in FedEx by 26.1% during the 4th quarter. Sonora Investment Management LLC now owns 1,451 shares of the shipping service provider’s stock worth $234,000 after buying an additional 300 shares during the period. Creative Planning raised its holdings in FedEx by 16.0% during the 4th quarter. Creative Planning now owns 35,473 shares of the shipping service provider’s stock worth $5,723,000 after buying an additional 4,901 shares during the period. Finally, Hayden Royal LLC acquired a new stake in FedEx during the 4th quarter worth approximately $201,000. Institutional investors and hedge funds own 77.98% of the company’s stock.

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Shares of FDX opened at $183.92 on Friday. The company has a market cap of $48.45 billion, a PE ratio of 12.01, a price-to-earnings-growth ratio of 0.87 and a beta of 1.60. FedEx Co. has a twelve month low of $150.94 and a twelve month high of $266.67. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.42 and a quick ratio of 1.36.

FedEx (NYSE:FDX) last released its earnings results on Tuesday, December 18th. The shipping service provider reported $4.03 earnings per share for the quarter, missing the consensus estimate of $4.05 by ($0.02). FedEx had a net margin of 7.23% and a return on equity of 24.11%. The firm had revenue of $17.82 billion during the quarter, compared to the consensus estimate of $17.71 billion. During the same period in the prior year, the business posted $3.18 earnings per share. As a group, sell-side analysts expect that FedEx Co. will post 15.92 EPS for the current fiscal year.

In other news, Director David P. Steiner bought 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 2nd. The stock was acquired at an average cost of $162.92 per share, with a total value of $1,140,440.00. Following the completion of the purchase, the director now owns 25,994 shares of the company’s stock, valued at $4,234,942.48. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP John L. Merino sold 2,300 shares of the firm’s stock in a transaction on Monday, February 4th. The shares were sold at an average price of $182.24, for a total transaction of $419,152.00. Following the completion of the transaction, the vice president now directly owns 30,185 shares of the company’s stock, valued at $5,500,914.40. The disclosure for this sale can be found here. 8.50% of the stock is currently owned by company insiders.

FDX has been the topic of several research analyst reports. Daiwa Capital Markets set a $190.00 target price on shares of FedEx and gave the stock a “buy” rating in a report on Thursday, December 20th. Zacks Investment Research upgraded shares of FedEx from a “sell” rating to a “hold” rating in a report on Monday, December 3rd. BMO Capital Markets decreased their price target on shares of FedEx to $245.00 and set an “outperform” rating for the company in a research note on Wednesday, December 19th. They noted that the move was a valuation call. ValuEngine raised shares of FedEx from a “strong sell” rating to a “sell” rating in a research note on Wednesday, December 26th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $233.00 price target on shares of FedEx in a research note on Monday, December 24th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seventeen have assigned a buy rating to the company’s stock. FedEx presently has a consensus rating of “Buy” and a consensus price target of $237.75.

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FedEx Company Profile

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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