Headlands Technologies LLC Takes $1.69 Million Position in FedEx Co. (NYSE:FDX)

Headlands Technologies LLC bought a new position in FedEx Co. (NYSE:FDX - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,012 shares of the shipping service provider's stock, valued at approximately $1,691,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of FDX. Norges Bank bought a new stake in FedEx in the fourth quarter valued at $807,352,000. Raymond James Financial Inc. bought a new stake in FedEx in the 4th quarter valued at about $234,028,000. ACR Alpine Capital Research LLC raised its stake in FedEx by 62.9% during the 4th quarter. ACR Alpine Capital Research LLC now owns 852,767 shares of the shipping service provider's stock worth $239,909,000 after buying an additional 329,170 shares during the period. Franklin Resources Inc. boosted its holdings in FedEx by 8.1% in the fourth quarter. Franklin Resources Inc. now owns 4,298,646 shares of the shipping service provider's stock worth $1,209,338,000 after acquiring an additional 323,115 shares in the last quarter. Finally, Bryn Mawr Capital Management LLC grew its stake in FedEx by 22,317.0% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 322,580 shares of the shipping service provider's stock valued at $90,751,000 after acquiring an additional 321,141 shares during the period. 84.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP John W. Dietrich acquired 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, January 7th. The shares were bought at an average cost of $273.98 per share, for a total transaction of $273,980.00. Following the completion of the transaction, the executive vice president now owns 9,067 shares in the company, valued at approximately $2,484,176.66. This trade represents a 12.40 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO John Alan Smith sold 6,155 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $243.55, for a total transaction of $1,499,050.25. Following the completion of the transaction, the chief operating officer now directly owns 23,347 shares of the company's stock, valued at approximately $5,686,161.85. This represents a 20.86 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,711 shares of company stock valued at $3,312,693. Company insiders own 8.87% of the company's stock.

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FedEx Stock Performance

Shares of FDX stock traded down $5.96 during trading on Friday, reaching $209.90. 3,618,525 shares of the company's stock traded hands, compared to its average volume of 1,754,835. The firm's 50-day moving average is $252.45 and its 200 day moving average is $268.95. The company has a market capitalization of $50.29 billion, a P/E ratio of 13.38, a PEG ratio of 1.11 and a beta of 1.24. FedEx Co. has a 1 year low of $203.90 and a 1 year high of $313.84. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX - Get Free Report) last posted its earnings results on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.56 by ($0.05). FedEx had a return on equity of 15.59% and a net margin of 4.45%. The company had revenue of $22.16 billion for the quarter, compared to analysts' expectations of $21.96 billion. During the same quarter in the prior year, the company earned $3.86 EPS. The company's revenue was up 1.9% on a year-over-year basis. Equities research analysts expect that FedEx Co. will post 19.14 EPS for the current year.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were given a $1.38 dividend. The ex-dividend date was Monday, March 10th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.63%. FedEx's dividend payout ratio (DPR) is currently 34.63%.

Analyst Ratings Changes

FDX has been the topic of a number of recent research reports. Jefferies Financial Group upgraded FedEx from a "hold" rating to a "buy" rating and cut their target price for the stock from $300.00 to $275.00 in a report on Monday, March 24th. BNP Paribas raised shares of FedEx from a "strong sell" rating to a "strong-buy" rating in a research note on Thursday, January 16th. Stifel Nicolaus decreased their target price on shares of FedEx from $364.00 to $354.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Raymond James dropped their price target on shares of FedEx from $320.00 to $290.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. Finally, JPMorgan Chase & Co. decreased their price objective on FedEx from $323.00 to $280.00 and set an "overweight" rating for the company in a report on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, FedEx presently has a consensus rating of "Moderate Buy" and an average price target of $302.71.

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.