Shares of the delivery services company FedEx (NYSE:FDX) jumped about 12.5% in the pre-market session on March 22. This spike in FDX stock stems from the company’s better-than-expected Q3 earnings and its efforts to permanently reduce structural costs. As FedEx continues eliminating costs and focusing on profitable growth, it’s the right time to delve into its ownership structure.
Now, according to TipRanks’ ownership page, other institutional investors own 47.37% of FedEx. They are followed by mutual funds, public companies and individual investors, and insiders at 26.53%, 17.39%, and 8.71%, respectively.
Digging Deeper into FDX’s Ownership Structure
Looking closely at institutions (Mutual Funds and Other Institutional Investors), Vanguard owns a 6.58% stake in FDX stock. Next up is Vanguard Index Funds, which holds a 5.96% stake in the company.
Among the institutions, the Hedge Fund Confidence Signal is Very Negative on FedEx stock based on the activity of 36 hedge funds. Hedge funds decreased their FDX holdings by 1.3 million shares in the last quarter.
Individual investors also have a Very Negative view of the company, given that in the last 30 days, the number of portfolios (tracked by TipRanks) holding FDX stock increased by 2.4%. Overall, among the 721,595 portfolios monitored by TipRanks, 0.4% have invested in FedEx stock.
Is FedEx a Buy, Sell, or Hold?
FedEx stock has risen about 24.5% in one year, reflecting the company’s efforts to cut costs and drive profitability. Further, with 10 Buy and three Hold recommendations, FedEx has a Strong Buy consensus rating. Analysts’ average price target on FDX stock is 294.69, implying 11.27% upside potential from current levels.
Conclusion
TipRanks’ Ownership tool provides FDX ownership structure by category, enabling investors to make well-informed investing decisions.
