FedEx Corporation (NYSE:FDX) Position Raised by Paulson & CO. Inc.

Paulson & CO. Inc. boosted its stake in shares of FedEx Corporation (NYSE:FDX) by 350.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,500 shares of the shipping service provider’s stock after buying an additional 38,500 shares during the period. Paulson & CO. Inc.’s holdings in FedEx Corporation were worth $9,660,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in FDX. Macquarie Group Ltd. increased its stake in shares of FedEx Corporation by 3.2% in the fourth quarter. Macquarie Group Ltd. now owns 35,090 shares of the shipping service provider’s stock valued at $6,534,000 after buying an additional 1,090 shares during the last quarter. Bank of Montreal Can increased its stake in shares of FedEx Corporation by 16.0% in the first quarter. Bank of Montreal Can now owns 1,006,806 shares of the shipping service provider’s stock valued at $196,478,000 after buying an additional 138,799 shares during the last quarter. Gradient Investments LLC increased its stake in shares of FedEx Corporation by 827.6% in the first quarter. Gradient Investments LLC now owns 1,141 shares of the shipping service provider’s stock valued at $223,000 after buying an additional 1,018 shares during the last quarter. Spirit of America Management Corp NY increased its stake in shares of FedEx Corporation by 22.0% in the first quarter. Spirit of America Management Corp NY now owns 3,050 shares of the shipping service provider’s stock valued at $595,000 after buying an additional 550 shares during the last quarter. Finally, Adirondack Trust Co. increased its stake in shares of FedEx Corporation by 1.5% in the first quarter. Adirondack Trust Co. now owns 662 shares of the shipping service provider’s stock valued at $129,000 after buying an additional 10 shares during the last quarter. Hedge funds and other institutional investors own 76.36% of the company’s stock.

FedEx Corporation (FDX) traded up 0.65% during trading on Friday, hitting $204.87. 1,136,569 shares of the company were exchanged. The stock’s 50-day moving average is $212.82 and its 200-day moving average is $198.62. FedEx Corporation has a 12 month low of $158.20 and a 12 month high of $219.99. The company has a market capitalization of $54.96 billion, a price-to-earnings ratio of 18.51 and a beta of 1.27.

FedEx Corporation (NYSE:FDX) last posted its quarterly earnings data on Tuesday, June 20th. The shipping service provider reported $4.25 earnings per share for the quarter, beating analysts’ consensus estimates of $3.88 by $0.37. FedEx Corporation had a net margin of 4.97% and a return on equity of 22.19%. The firm had revenue of $15.70 billion for the quarter, compared to analyst estimates of $15.56 billion. During the same period last year, the firm posted $3.30 EPS. FedEx Corporation’s quarterly revenue was up 21.0% on a year-over-year basis. Equities research analysts anticipate that FedEx Corporation will post $13.58 earnings per share for the current year.

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FDX has been the topic of several recent analyst reports. Vetr downgraded shares of FedEx Corporation from a “strong-buy” rating to a “buy” rating and set a $203.90 price objective on the stock. in a research report on Wednesday, April 19th. Zacks Investment Research upgraded shares of FedEx Corporation from a “hold” rating to a “buy” rating and set a $215.00 price objective on the stock in a research report on Tuesday, May 23rd. ValuEngine upgraded shares of FedEx Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, June 3rd. Seaport Global Securities initiated coverage on shares of FedEx Corporation in a research report on Tuesday, June 6th. They set a “neutral” rating on the stock. Finally, Stifel Nicolaus raised their price objective on shares of FedEx Corporation from $194.00 to $216.00 and gave the company a “hold” rating in a research report on Monday, June 12th. Six analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. FedEx Corporation presently has an average rating of “Buy” and an average price target of $221.78.

In related news, VP John L. Merino sold 7,200 shares of FedEx Corporation stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $211.26, for a total value of $1,521,072.00. Following the transaction, the vice president now directly owns 33,908 shares in the company, valued at approximately $7,163,404.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Henry J. Maier sold 12,580 shares of FedEx Corporation stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $209.50, for a total transaction of $2,635,510.00. Following the completion of the transaction, the insider now owns 38,177 shares in the company, valued at $7,998,081.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 77,757 shares of company stock worth $16,447,426. 8.67% of the stock is currently owned by insiders.

About FedEx Corporation

FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.

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Institutional Ownership by Quarter for FedEx Corporation (NYSE:FDX)

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