Haverford Trust Co Grows Position in FedEx Co. (NYSE:FDX)

Haverford Trust Co raised its position in FedEx Co. (NYSE:FDX) by 7.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,840 shares of the shipping service provider’s stock after buying an additional 125 shares during the quarter. Haverford Trust Co’s holdings in FedEx were worth $504,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of FDX. Evermay Wealth Management LLC grew its position in FedEx by 72.7% during the 3rd quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock worth $26,000 after purchasing an additional 40 shares during the last quarter. Highline Wealth Partners LLC purchased a new position in shares of FedEx during the third quarter worth about $31,000. Central Valley Advisors LLC purchased a new position in shares of FedEx during the second quarter worth about $39,000. Abound Wealth Management raised its stake in FedEx by 175.9% during the 2nd quarter. Abound Wealth Management now owns 149 shares of the shipping service provider’s stock valued at $45,000 after acquiring an additional 95 shares during the last quarter. Finally, Harbor Capital Advisors Inc. acquired a new stake in FedEx during the 3rd quarter worth approximately $47,000. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Trading Up 0.1 %

FedEx stock opened at $292.28 on Friday. The stock has a 50-day moving average price of $275.04 and a 200 day moving average price of $275.95. FedEx Co. has a 52 week low of $234.45 and a 52 week high of $313.84. The stock has a market cap of $71.41 billion, a PE ratio of 18.03, a P/E/G ratio of 1.15 and a beta of 1.17. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72.

FedEx (NYSE:FDX) last issued 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 firm had revenue of $21.58 billion for the quarter, compared to analysts’ expectations of $21.87 billion. During the same quarter last year, the firm earned $4.55 earnings per share. The business’s quarterly revenue was down .5% compared to the same quarter last year. Equities research analysts predict that FedEx Co. will post 19.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on FDX shares. Citigroup boosted their target price on FedEx from $301.00 to $331.00 and gave the company a “buy” rating in a report on Tuesday. Loop Capital lowered their target price on shares of FedEx from $317.00 to $288.00 and set a “hold” rating on the stock in a report on Monday, September 23rd. BMO Capital Markets cut their price target on shares of FedEx from $325.00 to $300.00 and set a “market perform” rating for the company in a report on Friday, September 20th. Bernstein Bank lifted their price objective on FedEx from $305.00 to $337.00 and gave the company an “overweight” rating in a report on Friday, September 20th. Finally, Morgan Stanley downgraded FedEx from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $215.00 to $200.00 in a research note on Friday, September 20th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $316.04.

About FedEx

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.